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
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Marathon Digital Holdings, Inc. (MARA) 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 | Free account |
Against its own ten years
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
More on MARA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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