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Marathon Digital Holdings MARA Free cash flow margin

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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%

Profitability

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

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.

Based on trailing twelve months.

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 free cash flow margin?
Marathon Digital Holdings (MARA) reported free cash flow margin of -147.8% in Q1 2026.
How has Marathon Digital Holdings's free cash flow margin changed year-over-year?
Marathon Digital Holdings's free cash flow margin increased by 3.9% year-over-year, from -153.9% to -147.8%.
What is the long-term trend for Marathon Digital Holdings's free cash flow margin?
Over 5 years (2020 to 2025), Marathon Digital Holdings's free cash flow margin has grown at a -30.1% compound annual growth rate (CAGR), from -801.1% to -133.4%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.