Symbols

MARA

MARA Holdings·NASDAQ

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MARA fundamentals

MARA Q4 2025 Earnings

MARA Holdings (MARA) released its earnings on Feb 26, 2026: revenue was 202.31M (YoY -5.63%), missed estimates; EPS was -4.52 (YoY -464.52%), missed estimates.

Revenue / YoY

202.31M

-5.63%

EPS / YoY

-4.52

-464.52%

Report date

Feb 26, 2026

MARA Earnings Call Summary for Q4,2025

Strategic Shift to Digital Infrastructure: Announced 1+ GW joint venture with Starwood for hyperscale AI, complemented by Exaion's sovereign-grade AI deployments.
Financial Impact of Bitcoin Volatility: Q4 net loss of $1.7B due to $1.5B Bitcoin fair value decline, offset by 38% YoY revenue growth.
Operational Efficiency: Lowest cost per petahash in sector (4% YoY improvement), 40% expansion of Nebraska data center to 42 MW.
Debt Management: Bitcoin holdings cover 2027 debt maturities 2x over; suspending ATM program in favor of Bitcoin sales.

Earnings

EPS

Revenue

Revenue & Expenses

MARA has released its 2025 Q4 earnings report, with revenue of 202.31M, reflecting a YoY change of -5.63%, and net profit of -1.71B, showing a YoY change of -423.65%. The Sankey diagram below clearly presents MARA's revenue sources and cost distribution.

Key Indicators

MARA Holdings (MARA) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

MARA Holdings (MARA)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Breakdown

Balance Sheet

MARA Holdings (MARA)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

MARA Holdings (MARA)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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