What is Marathon Digital Holdings's G&A?

Marathon Digital Holdings (MARA) reported G&A of $114.7M in Q2 2026.

How has Marathon Digital Holdings's G&A changed year-over-year?

Marathon Digital Holdings's G&A increased by 23.4% year-over-year, from $92.95M to $114.7M.

What is the long-term trend for Marathon Digital Holdings's G&A?

Over 4 years (2021 to 2025), Marathon Digital Holdings's G&A has grown at a 32.1% compound annual growth rate (CAGR), from $114.77M to $349.94M.

Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

Marathon Digital Holdings (MARA) G&A

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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%

CapEx$14.8M-87.6%

Free cash flow-$238.5M+15.5%

Valuation

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Market cap$3.9B-31.6%

Enterprise value$5.93B-24.7%

P/S4.9×-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:GeneralAndAdministrativeExpense.

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, except share and per share data)	Three Months Ended June 30, 2026	Three Months Ended June 30, 2025	Six Months Ended June 30, 2026	Six Months Ended June 30, 2025
Purchased energy costs	48,750	41,730	93,482	85,211
Operating and maintenance costs	26,905	22,362	57,537	42,156
Third-party hosting and other energy costs	69,156	69,029	139,204	137,212
General and administrative	114,701	92,948	201,558	178,813
Depreciation and amortization	174,664	161,741	366,220	319,638
Change in fair value of digital assets	249,559	(846,027)	964,236	(451,865)
Change in fair value of derivative instrument	1,769	(20,311)	42,814	(47,139)
Impairment of goodwill and other assets	—	26,253	—	26,253

Cover / Front Matter

FAQ

What is Marathon Digital Holdings's G&A?: Marathon Digital Holdings (MARA) reported G&A of $114.7M in Q2 2026.
How has Marathon Digital Holdings's G&A changed year-over-year?: Marathon Digital Holdings's G&A increased by 23.4% year-over-year, from $92.95M to $114.7M.
What is the long-term trend for Marathon Digital Holdings's G&A?: Over 4 years (2021 to 2025), Marathon Digital Holdings's G&A has grown at a 32.1% compound annual growth rate (CAGR), from $114.77M to $349.94M.
What does G&A mean?: Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

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Marathon Digital Holdings MARA G&A

G&A at other companies

Other financials

Income statement

Balance sheet

Cash flow

Valuation

Profitability

Returns & leverage

Where this comes from

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