Marathon Digital Holdings, Inc.
Marathon Digital Holdings, Inc. (MARA) Financial Performance & Income Statement Overview
Analyze Marathon Digital Holdings, Inc. (MARA) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Marathon Digital Holdings, Inc. (MARA) Income Statement & Financial Overview
Review Marathon Digital Holdings, Inc. MARA income statement with detailed quarterly and annual figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $213.88M | $214.39M | $131.65M | $145.14M |
| Cost of Revenue | $43.48M | $267.19M | $198.66M | $181.69M |
| Gross Profit | $170.40M | -$52.79M | -$67.02M | -$36.56M |
| Gross Profit Ratio | $0.80 | -$0.25 | -$0.51 | -$0.25 |
| R&D Expenses | $9.30M | $4.11M | $2.81M | $3.85M |
| SG&A Expenses | $85.86M | $77.92M | $63.73M | $57.12M |
| Operating Expenses | $711.47M | -$393.82M | $105.21M | $60.96M |
| Total Costs & Expenses | $754.95M | -$126.63M | $303.87M | $377.54M |
| Interest Income | $11.99M | $8.06M | $3.89M | $2.19M |
| Interest Expense | $9.94M | $8.03M | $2.34M | $1.37M |
| Depreciation & Amortization | $157.90M | $137.03M | $101.36M | $107.28M |
| EBITDA | -$266.07M | $791.60M | -$70.25M | -$122.67M |
| EBITDA Ratio | -$1.24 | $3.69 | -$0.53 | -$0.85 |
| Operating Income | -$541.06M | $341.03M | -$172.22M | -$232.40M |
| Operating Income Ratio | -$2.53 | $1.59 | -$1.31 | -$1.60 |
| Other Income/Expenses (Net) | -$111.55M | $305.52M | -$1.73M | $1.08M |
| Income Before Tax | -$652.62M | $646.54M | -$173.95M | -$231.32M |
| Income Before Tax Ratio | -$3.05 | $3.02 | -$1.32 | -$1.59 |
| Income Tax Expense | -$119.17M | $118.26M | -$49.16M | $31.66M |
| Net Income | -$533.20M | $528.53M | -$124.79M | -$199.66M |
| Net Income Ratio | -$2.49 | $2.47 | -$0.95 | -$1.38 |
| EPS | -$1.55 | $1.36 | -$0.42 | -$0.72 |
| Diluted EPS | -$1.55 | $1.24 | -$0.42 | -$0.72 |
| Weighted Avg Shares Outstanding | $344.10M | $388.69M | $294.94M | $278.67M |
| Weighted Avg Shares Outstanding (Diluted) | $344.10M | $419.88M | $294.94M | $278.67M |
The company's financials show resilient growth, with revenue advancing from $145.14M in Q2 2024 to $213.88M in Q1 2025. Gross profit remained healthy with margins at 80% in Q1 2025 compared to -25% in Q2 2024. Operating income hit -$541.06M last quarter, sustaining a consistent -253% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$266.07M. Net income dropped to -$533.20M, while earnings per share reached -$1.55. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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