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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%

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.

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?
Marathon Digital Holdings (MARA) reported free cash flow of -$327.01M in Q1 2026.
How has Marathon Digital Holdings's free cash flow changed year-over-year?
Marathon Digital Holdings's free cash flow decreased by 28.6% year-over-year, from -$254.34M to -$327.01M.
What is the long-term trend for Marathon Digital Holdings's free cash flow?
Over 4 years (2021 to 2025), Marathon Digital Holdings's free cash flow has grown at a 42.6% compound annual growth rate (CAGR), from -$292.82M to -$1.21B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.