stockrowMarathon Digital Holdings, Inc.
MARA Financial Capital Markets
Marathon Digital Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $907.1 million, up 38.2% from fiscal 2024.
- Revenue
- −26.7%
- EPS
- −169.9%
- Free cash flow
- +85.6%
- Total debt
- −19.9%
Quarter to June 2026, against a year earlier
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Marathon Digital Holdings, Inc. (MARA) Gross margin
Marathon Digital Holdings, Inc.'s gross margin over the twelve months to 30 June 2026 was 26.3%, down 11.2 percentage points from fiscal 2025 (37.5%). Over the past ten years it has ranged from −568.0% (fiscal 2017) to 73.4% (fiscal 2021); the current reading is higher than 82% of that period. That is below the Capital Markets industry median of 68.2% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 37.5% | 1.34 |
| FY2024 | 36.1% | (5.39) |
| FY2023 | 41.5% | 70.10 |
| FY2022 | −28.6% | (101.95) |
| FY2021 | 73.4% | 132.07 |
| FY2020 | −58.7% | 50.72 |
| FY2019 | −109.4% | 5.10 |
| FY2018 | −114.5% | 453.45 |
| FY2017 | −568.0% | (595.59) |
| FY2016 | 27.6% | 15.10 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 17.2% | 0.47 |
| Mar 2026 | 16.7% | (5.36) |
| Dec 2025 | 22.1% | (20.45) |
| Sep 2025 | 42.5% | (1.65) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| PURR Hyperliquid Strategies Inc compare | 100.0% |
| LAZ Lazard, Inc. compare | 100.0% |
| IOND Ionic Digital Inc. compare | 68.2% |
| CLSK Cleanspark, Inc. compare | 47.0% |
| MIAX Miami International Holdings, Inc. compare | 35.0% |
| PJT PJT Partners Inc. compare | 33.1% |
| MARA Marathon Digital Holdings, Inc. | 26.3% |
| ETOR eToro Group Ltd. compare | 7.09% |
| LCLN Lincoln International Inc. compare | — |
| Capital Markets industry median | 68.2% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on MARA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement