# MARA Holdings (MARA) — Earnings

MARA · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/mara/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | −$1.60 |
| EPS estimate | $0.17 |
| EPS surprise | −1060.38% |
| Revenue surprise | −16.50% |
| Revenue | $174.9M |
| Revenue estimate | $209.4M |
| Reported | Aug 6, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1507605/000150760526000022/mara-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/ca885cc5-1f2d-9d8b-8e59-b049321eabc5.html) |

MARA Holdings reported Q2 2026 results on August 6, 2026. It posted a loss of $1.60 per share, against an estimate of a $0.17 profit, a surprise of −1060.38%. Revenue was $174.9 million, 16.50% below the $209.4 million estimate. In Q2 2025, MARA earned $1.84 per share on revenue of $238.5 million, so revenue fell about 27% year over year. This was the third loss in a row, though smaller than Q4 2025 ($4.52) or Q1 2026 ($3.50).

Results in the table swing widely. MARA lost money in 13 of the last 20 quarters and beat the EPS estimate only 7 times. Full-year EPS went from a loss of $5.62 in 2022 to profits of $0.97 in 2023 and $1.36 in 2024, then back to a loss of $3.96 in 2025. Revenue grew more steadily, from $117.7 million in 2022 to $907.1 million in 2025. Quarterly revenue peaked at $252.4 million in Q3 2025.

MARA reported Q3 between November 4 and November 15 in each of the past five years. That points to early or mid-November 2026 for the next report, which will show whether revenue recovers and whether the run of losses continues.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 6, 2026 | $0.17 | −$1.60 | -1060.38% | $209.4M | $174.9M |
| Q1 2026 | May 11, 2026 | −$1.51 | −$3.50 | -131.45% | $181.9M | $174.6M |
| Q4 2025 | Feb 26, 2026 | −$1.18 | −$4.52 | -281.92% | $252.2M | $202.3M |
| Q3 2025 | Nov 4, 2025 | $0.02 | $0.27 | 993.06% | $251.7M | $252.4M |
| Q2 2025 | Jul 29, 2025 | −$0.07 | $1.84 | 2576.45% | $227.9M | $238.5M |
| Q1 2025 | May 8, 2025 | −$0.52 | −$1.55 | -200.50% | $216.9M | $213.9M |
| Q4 2024 | Feb 26, 2025 | −$0.13 | $1.24 | 1024.68% | $187.8M | $214.4M |
| Q3 2024 | Nov 12, 2024 | −$0.34 | −$0.42 | -24.33% | $140.3M | $131.6M |
| Q2 2024 | Aug 1, 2024 | −$0.13 | −$0.72 | -467.38% | $157.8M | $145.1M |
| Q1 2024 | May 9, 2024 | $0.02 | $1.26 | 6394.85% | $182.1M | $165.2M |
| Q4 2023 | Feb 28, 2024 | $0.04 | $0.74 | 1843.04% | $148.8M | $156.8M |
| Q3 2023 | Nov 8, 2023 | −$0.11 | $0.38 | 457.64% | $99.6M | $97.8M |
| Q2 2023 | Aug 8, 2023 | −$0.06 | −$0.10 | -81.75% | $83.4M | $81.8M |
| Q1 2023 | May 10, 2023 | −$0.09 | −$0.05 | 41.18% | $48.8M | $51.1M |
| Q4 2022 | Mar 16, 2023 | −$0.15 | −$3.09 | -1913.21% | $39.1M | $28.4M |
| Q3 2022 | Nov 14, 2022 | −$0.15 | −$0.65 | -330.75% | $23.4M | $12.7M |
| Q2 2022 | Aug 9, 2022 | −$0.07 | −$1.75 | -2443.60% | $38.8M | $24.9M |
| Q1 2022 | May 6, 2022 | $0.23 | −$0.13 | -157.40% | $51.5M | $51.7M |
| Q4 2021 | Mar 10, 2022 | $0.35 | $0.11 | -68.39% | $60.9M | $60.3M |
| Q3 2021 | Nov 15, 2021 | $0.43 | −$0.22 | -151.76% | $67.4M | $51.7M |

## Frequently Asked Questions

### When did MARA Holdings (MARA) last report earnings?

MARA Holdings last reported on Aug 6, 2026, covering fiscal Q2 2026.

### Did MARA beat earnings estimates?

No. MARA Holdings reported EPS of −$1.60 for Q2 2026 against a $0.17 estimate — a 1060.38% miss.

### How much revenue did MARA report last quarter?

MARA Holdings reported $174.9M in revenue for Q2 2026, against a consensus estimate of $209.4M.

## Similar Stocks

- [RIOT](https://www.lighthorse.io/tickers/riot) — Riot Platforms, Inc. - Common Stock
- [CLSK](https://www.lighthorse.io/tickers/clsk) — CleanSpark, Inc. - Common Stock
- [COIN](https://www.lighthorse.io/tickers/coin) — Coinbase Global, Inc. - Class A Common Stock
- [HUT](https://www.lighthorse.io/tickers/hut) — Hut 8 Corp. - Common Stock
- [HIVE](https://www.lighthorse.io/tickers/hive) — HIVE Digital Technologies Ltd - Common Shares
- [BTBT](https://www.lighthorse.io/tickers/btbt) — Bit Digital, Inc. - Ordinary Share

---

Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).