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Other financials

Income statement

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Revenue$174.6M-18.4%
Gross profit-$52.8M
Operating income-$1.1B-96.2%
Net income-$1.3B-137%
EPS (diluted)-$3.31-114%

Balance sheet

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Cash & equivalents$525.7M+152%
Total debt$2.5B+5.4%
Total equity$2.2B-40.1%
Total assets$4.9B-23.2%

Cash flow

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Operating cash flow-$247.5M-14.9%
CapEx$79.5M+105%
Free cash flow-$327.0M-28.6%

Valuation

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Market cap$5.42B-22.0%
Enterprise value$7.36B-17.4%
P/S6.3×-3.6×

Profitability

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Gross margin-24.3%
Operating margin-201%-785pp
Net margin-235.1%-313pp
FCF margin-147.8%-5.6pp

Returns & leverage

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Return on equity-68.5%-83.9pp
Debt / equity1.1×+0.5×
Current ratio1.8×+1.1×

Where this comes from

Calculated from Marathon Digital Holdings’s reported figures.

$1.1Bebit+
$191.6MDepreciation Depletion & Amortization
=-$869.94M

The official record: Marathon Digital Holdings’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marathon Digital Holdings's EBITDA?
Marathon Digital Holdings (MARA) reported EBITDA of -$869.94M in Q1 2026.
How has Marathon Digital Holdings's EBITDA changed year-over-year?
Marathon Digital Holdings's EBITDA decreased by 127.0% year-over-year, from -$383.17M to -$869.94M.
What is the long-term trend for Marathon Digital Holdings's EBITDA?
Over 3 years (2022 to 2025), Marathon Digital Holdings's EBITDA has grown at a 34.9% compound annual growth rate (CAGR), from -$184.09M to -$451.48M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.