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Other financials

Income statement

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Revenue$174.9M-26.7%
Gross profit-$52.8M
Operating income-$521.1M-177%
Net income-$611.3M-176%
EPS (diluted)-$1.60-187%

Balance sheet

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Cash & equivalents$433.3M+257%
Total debt$2.5B+7.4%
Total equity$1.7B-65.3%
Total assets$4.3B-43.7%

Cash flow

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Operating cash flow-$223.8M-36.9%
Free cash flow-$238.5M+15.5%

Valuation

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Market cap$4.06B-31.0%
Enterprise value$6.09B-24.4%
P/S5.1×-2.3×

Profitability

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Gross margin-24.3%
Operating margin-366.3%-405pp
Net margin-430.2%-515pp
FCF margin-154%-0.6pp

Returns & leverage

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Return on equity-107.2%-126pp
Debt / equity1.5×+1.0×
Current ratio0.9×+0.4×

Where this comes from

Reported directly by Marathon Digital Holdings in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Marathon Digital Holdings’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001507605-26-000022
(in thousands)Six Months Ended June 30, 2026Six Months Ended June 30, 2025
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to vendors(7,509)(108,392)
Acquisition, net of cash acquired(61,111)(36,369)
Purchase of property and equipment(94,303)(157,771)
Proceeds from sale of property and equipment1,7483,674
Purchase of intangible assets(524)
Proceeds from sale of digital assets1,627,16314,252
Purchase of digital assets(27,131)

Cover / Front Matter

FAQ

What is Marathon Digital Holdings's capex?
Marathon Digital Holdings (MARA) reported capex of $14.78M in Q2 2026.
How has Marathon Digital Holdings's capex changed year-over-year?
Marathon Digital Holdings's capex decreased by 87.6% year-over-year, from $118.92M to $14.78M.
What is the long-term trend for Marathon Digital Holdings's capex?
Over 4 years (2021 to 2025), Marathon Digital Holdings's capex has grown at a 1.9% compound annual growth rate (CAGR), from $378.14M to $407.07M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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