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Marathon Digital Holdings MARA Mining participant — Total revenues from contracts with customers

Other product segments

Mining operator - transaction fees
$1.04M-65.7%
Hosting services
$0-100%

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UGIPeaking — Total revenues from contracts with customers
-$6M-20.0%
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UGIPipeline — Total revenues from contracts with customers
$52M-1.9%
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UGIResidential — Total revenues from contracts with customers
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UGIRetail — Total revenues from contracts with customers
$679M-6.2%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues from contracts with customers
Mining operator - transaction fees$1,044$3,044$2,052$5,825
Mining participant12,76711,02428,08721,813
Hosting services1,1641,0852,315
Total revenues from contracts with customers13,81115,23231,22429,953
Mining operator - block rewards156,492218,309312,742414,668
Other revenue (1)4,5784,9445,5297,748
Total revenues$174,881$238,485$349,495$452,369

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FAQ

What is Marathon Digital Holdings's mining participant — total revenues from contracts with customers?
Marathon Digital Holdings (MARA) reported mining participant — total revenues from contracts with customers of $12.77M in Q2 2026.
How has Marathon Digital Holdings's mining participant — total revenues from contracts with customers changed year-over-year?
Marathon Digital Holdings's mining participant — total revenues from contracts with customers increased by 15.8% year-over-year, from $11.02M to $12.77M.
What is the long-term trend for Marathon Digital Holdings's mining participant — total revenues from contracts with customers?
Over 3 years (2021 to 2025), Marathon Digital Holdings's mining participant — total revenues from contracts with customers has grown at a 29.0% compound annual growth rate (CAGR), from $20.9M to $44.83M.
What does mining participant — total revenues from contracts with customers mean?
This metric represents the total gross revenue generated specifically from the mining participant business segment through contractual agreements with customers. It captures the financial inflow derived from providing digital asset mining services or related infrastructure support to third parties. Monitoring this figure helps investors assess the scale, growth, and market demand for the company's specialized blockchain infrastructure services.

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