| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenues | 174,614 | 202,314 | 252,410 | 238,485 |
| Purchased energy costs | 44,732 | 50,750 | 43,080 | 41,730 |
| Operating and maintenance costs | 30,632 | 27,518 | 26,310 | 22,362 |
| Third-party hosting and other energy costs | 70,048 | 79,367 | 75,664 | 69,029 |
| General and administrative | 86,857 | 85,832 | 85,296 | 92,948 |
| Depreciation and amortization | 191,556 | 285,818 | 167,312 | 161,741 |
| Impairment of goodwill and other assets | NaN | 124,587* | 0 | 26,253 |
| Change in fair value of digital assets | -714,677 | -990,732 | 234,240 | 846,027 |
| Taxes other than on income | 2,430 | 1,282 | 2,354 | 2,437 |
| Early termination expenses | NaN | 0 | -5,000 | 0 |
| Research and development | 8,248 | 3,557 | 8,716 | 8,546 |
| Restructuring costs | 45,885 | -38,919* | 20,905 | NaN |
| Change in fair value of derivative instrument | -41,045 | -2,345 | -4,422 | 20,311 |
| Total costs and operating expenses | 1,236,110 | 1,612,869 | 204,819 | -441,292 |
| Operating loss | -1,061,496 | -1,410,555 | 47,591 | 679,777 |
| Change in fair value of digital assets - receivable, net | -303,912 | -460,381 | 108,859 | 346,547 |
| Interest income | 10,532 | 16,540 | 17,689 | 9,631 |
| Interest expense | 10,720 | 12,845 | 12,760 | 12,835 |
| Other | 3,881 | -24,889 | 1,144 | -5,509 |
| Equity in net earnings of unconsolidated affiliate | -2,171 | -2,073 | -1,711 | -902 |
| Net gain from extinguishment of debt | 70,557 | 1,029 | NaN | NaN |
| Total other loss | -231,833 | -482,619 | 113,221 | 336,932 |
| Loss before income taxes | -1,293,329 | -1,893,174 | 160,812 | 1,016,709 |
| Income tax benefit | -30,932 | -183,386 | 37,678 | 208,504 |
| Net loss | -1,262,397 | -1,709,788 | 123,134 | 808,205 |
| Less net loss attributable to noncontrolling interests, including redeemable noncontrolling interest | -2,778 | -144 | 6 | -30 |
| Net income (loss) attributable to mara | NaN | -1,709,644* | NaN | NaN |
| Series a preferred stock accretion to redemption value | NaN | 0* | NaN | NaN |
| Net loss attributable to common stockholders, basic | -1,259,619 | -1,709,644 | 123,128 | 808,235 |
| Net loss attributable to common stockholders, diluted | -1,259,619 | NaN | NaN | NaN |
| Basic EPS | -3.31 | -4.863 | 0.33 | 2.29 |
| Diluted EPS | -3.31 | -10.328 | 0.27 | 1.84 |
| Basic Average Shares | 380,157,050 | 351,597,447 | 372,073,173 | 352,901,683 |
| Diluted Average Shares | 380,157,050 | 165,533,854 | 470,126,290 | 440,912,159 |
MARA Holdings, Inc. (MARA)
MARA Holdings, Inc. (MARA)