MARA Holdings, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: MARA Holdings reported a sharp Q1 2026 deterioration, with revenue falling 18.4% YoY to $174.6M, operating losses nearly doubling to -$1.06B, and EPS worsening to -$3.31, driven by Bitcoin market volatility and elevated operational costs.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue fell 18.4% YoY from $213.9M to $174.6M in Q1 2026, reflecting lower Bitcoin prices and/or reduced mining output compared to the prior-year period, underscoring MARA's high sensitivity to cryptocurrency market conditions.
Operating loss widened dramatically from -$541.1M to -$1.06B YoY, with the operating margin deteriorating from -252.97% to -607.91%, indicating that cost structures significantly outpaced revenue generation during the quarter.
Cash and equivalents surged 161.8% YoY to $513.7M, and current assets more than doubled to $611.1M, improving the current ratio to 1.84x, suggesting MARA raised liquidity through asset sales or financing activities even as operations consumed cash.
Revenue
$174.61M
-18.36% YoY
EPS (Basic)
$-3.31
-113.55% YoY
Operating Income
$-1.06B
-96.19% YoY
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