MARA reported a net loss of $611.3 million, or $1.60 per diluted share, for the quarter ended June 30, 2026, compared with net income of $808.2 million, or $1.84 per diluted share, a year earlier. Revenue fell 27% to $174.9 million, and the company attributed the loss mainly to a $343.0 million unrealized bitcoin mark-to-market loss as bitcoin's price declined. For shareholders, the results reflect the sensitivity of MARA's earnings to bitcoin prices, and the company also disclosed $600.0 million of new bitcoin-backed borrowing to help fund its pending Long Ridge acquisition.
Net loss of $611.3 million, or $1.60 per diluted share, versus net income of $808.2 million, or $1.84 per diluted share, in Q2 2025
Revenue of $174.9 million, down 27% from $238.5 million in Q2 2025; adjusted EBITDA was negative $360.9 million
Net loss includes a $343.0 million loss related to the fair value of digital assets
Subsequent to quarter-end, two bitcoin-backed credit facilities totaling $600.0 million were entered into with Coinbase and Two Prime at a weighted average cost of debt of 7.56%
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
From MARA Holdings, Inc.'s 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$58.70M
-39.2%
$-3.69
-314.5%
-2234.1%
FY2024
$96.52M
+67.3%
$1.72
+62.3%
560.7%
FY2023
$57.70M
+483.8%
$1.06
—
452.6%
FY2022
$9.88M
-59.2%
$-6.12
—
-7022.4%
FY2021
$24.22M
+455.9%
$-0.30
—
-123.1%
Frequently asked questions
When is MARA Holdings's next earnings date?
MARA Holdings (MARA) is scheduled to report on Monday, November 09, 2026 after the market closes. Analysts expect EPS of $-0.04.
What did MARA Holdings earn last quarter?
For the quarter ended Jun 2026, MARA Holdings reported diluted EPS of $-1.60 (-187.0% year over year) on revenue of $13.81M (-9.3%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.