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Marathon Digital Holdings MARA Net gains (losses) on investments

Net gains (losses) on investments at other companies

Bit Digital logo
Bit DigitalBTBT
-$1.92K
Iris Energy logo
Iris EnergyIREN
-$23.7M+37.5%
Asset Entities logo
Asset EntitiesASST
-$2.8M
TeraWulf logo
TeraWulfWULF
-$11.06M
Cipher Digital, Inc. logo
Cipher Digital, Inc.CIFR
-$16.53M

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%
CapEx$14.8M-87.6%
Free cash flow-$238.5M+15.5%

Valuation

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Market cap$3.69B-35.2%
Enterprise value$5.73B-27.3%
P/S4.6×-2.5×

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:GainLossOnInvestments.

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
Deferred tax (benefit) expense(32,297)89,580
Change in fair value of digital assets and digital assets - receivable, net1,361,604(682,345)
Impairment of goodwill and other assets26,253
Net gain on investments(12,429)
Stock-based compensation expense77,189103,771
Change in fair value of derivative instrument42,814(47,139)
Restructuring costs47,638
Equity in net earnings of unconsolidated affiliate5,027915

Cover / Front Matter

FAQ

What is Marathon Digital Holdings's net gains (losses) on investments?
Marathon Digital Holdings (MARA) reported net gains (losses) on investments of $0 in Q2 2026.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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