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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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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Equity in net earnings of unconsolidated affiliate(2,856)(902)(5,027)(915)
Other2,646(5,509)6,527(3,035)
Total other income (loss)(89,667)336,932(321,500)225,380
Income (loss) before income taxes(610,737)1,016,709(1,904,066)364,094
Income tax benefit (expense)(580)(208,504)30,352(89,332)
Net income (loss)$(611,317)$808,205$(1,873,714)$274,762
Less: Net loss attributable to noncontrolling interests, including redeemable noncontrolling interest1,632304,410274
Net income (loss) attributable to common stockholders$(609,685)$808,235$(1,869,304)$275,036

Cover / Front Matter

FAQ

What is Marathon Digital Holdings's pre-tax income?
Marathon Digital Holdings (MARA) reported pre-tax income of -$610.74M in Q2 2026.
How has Marathon Digital Holdings's pre-tax income changed year-over-year?
Marathon Digital Holdings's pre-tax income decreased by 160.1% year-over-year, from $1.02B to -$610.74M.
What is the long-term trend for Marathon Digital Holdings's pre-tax income?
Over 3 years (2022 to 2025), Marathon Digital Holdings's pre-tax income has grown at a 24.0% compound annual growth rate (CAGR), from -$718.03M to -$1.37B.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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