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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$4.06B-31.0%
Enterprise value$6.09B-24.4%
P/S5.1×-2.3×

Profitability

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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

Calculated from Marathon Digital Holdings’s reported figures.

Based on trailing twelve months.

The source filing: Marathon Digital Holdings’s 10-K, filed March 2, 2026. Open the filing →

Filed
Mar 2, 2026, 4:49 PM EST
Fiscal year
FY2025
Accession
0001507605-26-000007

FAQ

What is Marathon Digital Holdings's gross margin?
Marathon Digital Holdings (MARA) reported gross margin of -24.3% in Q4 2024.
What is the long-term trend for Marathon Digital Holdings's gross margin?
Over 3 years (2020 to 2024), Marathon Digital Holdings's gross margin has grown at a -25.5% compound annual growth rate (CAGR), from -58.7% to -24.3%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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