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Marathon Digital Holdings MARA Cost, Operating and Maintenance

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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 mara:CostOperatingAndMaintenance.

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
Revenues$174,881$238,485$349,495$452,369
Costs and operating expenses (income)
Purchased energy costs48,75041,73093,48285,211
Operating and maintenance costs26,90522,36257,53742,156
Third-party hosting and other energy costs69,15669,029139,204137,212
General and administrative114,70192,948201,558178,813
Depreciation and amortization174,664161,741366,220319,638
Change in fair value of digital assets249,559(846,027)964,236(451,865)

Cover / Front Matter

FAQ

What is Marathon Digital Holdings's cost, operating and maintenance?
Marathon Digital Holdings (MARA) reported cost, operating and maintenance of $26.91M in Q2 2026.
How has Marathon Digital Holdings's cost, operating and maintenance changed year-over-year?
Marathon Digital Holdings's cost, operating and maintenance increased by 20.3% year-over-year, from $22.36M to $26.91M.
What is the long-term trend for Marathon Digital Holdings's cost, operating and maintenance?
Over 2 years (2023 to 2025), Marathon Digital Holdings's cost, operating and maintenance has grown at a 158.9% compound annual growth rate (CAGR), from $14.32M to $95.98M.
What does cost, operating and maintenance mean?
Cost, Operating and Maintenance as reported by MARA Holdings, Inc. Common Stock.

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