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MARA · NASDAQ · Financial - Capital Markets

MARA (MARA)

Operates energy-linked Bitcoin mining and develops AI and high-performance computing infrastructure.

$13.70

vs last close+0.42 (+3.16%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	98	157	165	145	132	214	214	238	252	202	175	175
Cost of revenue	113	146	6	94	199	267	43	42	43	443	337	49
Gross profit	−15	11	159	51	−67	−53	170	197	209	−241	−162	126
	65	39	−211	284	105	−394	711	−483	162	91	87	394
Research & development	1	1	2	4	3	4	9	9	9	4	8	7
	19	39	69	57	64	78	86	93	85	86	87	115
General & administrative	19	39	69	57	64	78	86	93	85	86	87	115
Other expenses	45	−1	−282	223	39	−476	616	−585	68	1	−9	272
Operating income	−80	−29	370	−232	−172	341	−541	680	48	−332	−249	−268
	80	268	6	1	−2	306	−112	337	113	−1,561	−1,044	−343
Interest income	0	0	3	2	4	8	12	10	18	17	11	10
Interest expense	3	1	1	1	2	8	10	13	13	13	11	6
Other non-operating income	−82	−269	−7	−2	−1	−314	102	−350	−126	1,549	0	336
Income before tax	0	239	375	−231	−174	647	−653	1,017	161	−1,893	−1,293	−611
Income tax expense	0	16	38	−32	−49	118	−119	209	38	−183	−31	1
Net income from continuing operations	0	223	337	−200	−125	528	−533	808	123	−1,710	−1,262	−611
Net income	0	223	337	−200	−125	529	−533	808	123	−1,710	−1,260	−610
EPS, basic	$0.36	$0.98	$1.30	−$0.72	−$0.42	$1.36	−$1.55	$2.29	$0.33	−$4.81	−$3.31	−$1.60
EPS, diluted	$0.34	$0.96	$1.26	−$0.72	−$0.42	$1.25	−$1.55	$1.84	$0.27	−$4.81	−$3.31	−$1.60
Weighted average shares, basic	180	227	259	279	295	389	344	353	372	355	380	382
Weighted average shares, diluted	190	233	268	279	295	420	344	441	470	355	380	382
EBITDA	56	312	458	−123	−70	792	−485	1,191	341	−1,595	−57	−430
Depreciation & amortization	54	71	82	107	101	137	158	162	167	286	192	175
EBIT	2	241	376	−230	−172	655	−643	1,030	174	−1,880	−249	−604