Marathon 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

6.03 0.84 −12.23%
Market cap
$2.3B
P/E
0.0×
Fwd P/E
−1.3×
Dividend yield
—
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Marathon Digital Holdings, Inc. (MARA) Net margin

Alert me on Net margin

Marathon Digital Holdings, Inc.'s net margin over the twelve months to 30 June 2026 was −429.7%, down 285.1 percentage points from fiscal 2025 (−144.6%). Over the past ten years it has ranged from −6,030.3% (fiscal 2017) to 82.5% (fiscal 2024); the current reading is higher than 55% of that period. That is below the Capital Markets industry median of −0.34% and below the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −144.6% (227.04)
FY2024 82.5% 15.61
FY2023 66.9% 656.24
FY2022 −589.4% (570.66)
FY2021 −18.7% 221.07
FY2020 −239.8% 56.95
FY2019 −296.8% 523.42
FY2018 −820.2% 5,210.16
FY2017 −6,030.3% (5,952.07)
FY2016 −78.3% 11.00

Quarterly newest first

Period Net margin Change (points)
Jun 2026 −348.6% 372.74
Mar 2026 −721.4% 123.67
Dec 2025 −845.0% (893.82)
Sep 2025 48.8% (290.12)
42 more quarters

Against its own ten years

Low −6,030.3% High 82.5%
Ten-year median −144.6%
Current reading's percentile 31

Net margin against peers

Company Net margin
MIAX Miami International Holdings, Inc. compare 19.8%
PJT PJT Partners Inc. compare 10.5%
LAZ Lazard, Inc. compare 5.39%
ETOR eToro Group Ltd. compare 2.20%
IOND Ionic Digital Inc. compare −24.9%
CLSK Cleanspark, Inc. compare −151.8%
MARA Marathon Digital Holdings, Inc. −429.7%
PURR Hyperliquid Strategies Inc compare −4,730.2%
LCLN Lincoln International Inc. compare —
Capital Markets industry median −0.34%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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