Marathon Digital Holdings, Inc. (MARA) — Financial statements
Income statement, balance sheet, and cash flow for Marathon Digital Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 907↑38.2% | 656↑69.4% | 388↑229.1% | 118↓26.0% | 159 | |
| Cost of Revenue | 1,340↑64.3% | 816↑102.5% | 403↑166.0% | 151↑257.2% | 42 | |
| Gross Profit | -433↓171.7% | -159↓938.7% | -15↑54.4% | -34↓128.8% | 117 | |
| Operating Expenses | ||||||
| R&D Expenses | 30↑127.7% | 13↑370.4% | 3↑2769.4% | 0.10 | 0.00 | |
| General & Administrative Expenses | 350↑28.6% | 272↑185.7% | 95↑15.1% | 83↓52.5% | 174 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 0.03 | |
| SG&A Expenses | 350↑28.6% | 272↑185.7% | 95↑15.1% | 83↓52.5% | 174 | |
| Other Expenses | 9↑101.2% | -751↓124.6% | -334↓160.0% | 557 | 0.00 | |
| Operating Expenses | 389↑183.6% | -465↓97.0% | -236↓136.9% | 640↑267.0% | 174 | |
| Total Costs & Expenses | 1,729↑393.7% | 350↑110.2% | 167↓78.9% | 791↑265.1% | 217 | |
| Operating Results | ||||||
| Operating Income | -822↓368.6% | 306↑38.6% | 221↑132.8% | -674↓1069.6% | -58 | |
| Depreciation & Amortization | 773↑81.1% | 427↑137.7% | 180↑128.1% | 79↑428.1% | 15 | |
| EBITDA | -49↓104.7% | 1,056↑125.9% | 467↑174.8% | -625↓32063.4% | 2 | |
| EBIT | -822↓230.6% | 629↑118.6% | 288↑140.9% | -703↓5330.7% | -13 | |
| Interest & Other Income | ||||||
| Net Interest Income | 7↑101.2% | 4↑149.3% | -8↑46.0% | -14↓1465.8% | -0.89 | |
| Interest Income | 56↑234.2% | 17↑494.9% | 3↑175.1% | 1↑50.7% | 0.68 | |
| Interest Expense | 48↑272.3% | 13↑25.6% | 10↓30.9% | 15↑854.8% | 2 | |
| Non-Operating Income | 0.00↑100.0% | -323↓382.4% | -67↓325.5% | 30↑166.6% | -45 | |
| Other Income / Expenses | -546↓275.9% | 310↑447.5% | 57↑226.8% | -45↓203.8% | 43 | |
| Income Before Tax | -1,368↓321.9% | 617↑122.1% | 278↑138.6% | -718↓4846.7% | -15 | |
| Income Tax Expense | -56↓174.7% | 75↑359.6% | 16↑167.8% | -24↓207.3% | 23 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -1,312↓342.5% | 541↑107.1% | 261↑137.6% | -694↓1770.9% | -37 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -1,311↓342.3% | 541↑107.2% | 261↑137.6% | -694↓1770.9% | -37 | |
| Bottom-Line Net Income | -1,311↓342.3% | 541↑108.9% | 259↑137.3% | -694↓1770.9% | -37 | |
| EPS (Basic) | -3.69↓297.3% | 1.87↑32.6% | 1.41↑123.0% | -6.12↓1554.1% | -0.37 | |
| EPS (Diluted) | -3.69↓314.5% | 1.72↑62.3% | 1.06↑117.3% | -6.12↓1554.1% | -0.37 | |
| Weighted Average Shares | 355↑22.5% | 290↑57.7% | 184↑62.0% | 113↑14.2% | 99 | |
| Weighted Average Diluted Shares | 355↑13.9% | 312↑62.2% | 192↑69.5% | 113↑14.2% | 99 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.