Mara Holdings, Inc. income statement

In fiscal 2025, Mara Holdings, Inc. reported revenue of $907m, up 38.2% on the year before, operating income of −$1.22bn (a -135.0% margin) and net income of −$1.31bn, or −$3.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Mara Holdings, Inc.: income statement, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	3	21	19	37	1	2	1	4	159	118	388	656	907	804
Cost of revenue	1	12	17	27	3	3	2	7	42	151	403	816	—	—
Gross profit	2	10	2	10	−3	−2	−1	−3	117	−34	−15	−159	—	—
Research and development	—	—	—	—	—	—	—	—	—	0	3	13	30	28
General and administrative	1	1	1	1	1	1	0	6	174	57	84	254	350	373
Operating income	−4	−6	−26	−16	−14	−12	−4	−10	−3	−674	221	306	−1,224	−2,946
Interest expense	0	1	4	3	1	0	0	0	2	15	10	13	48	43
Provision for credit losses	—	—	—	—	—	—	—	—	—	0	0	8	—	—
Income before tax	−4	−7	−25	−17	−31	−13	−4	−10	−5	−718	278	617	−1,368	−3,636
Income tax	—	−5	−8	12	−0	0	—	0	25	−24	16	75	−56	−176
Net income	−3	−3	−17	−29	−31	−13	−4	−10	−30	−694	261	541	−1,311	−3,456
Diluted EPS	—	−$1.08	−$4.76	−$7.56	−$4.80	−$2.41	−$0.53	−$0.13	−$0.30	−$6.12	$1.06	$1.72	−$3.69	—
Diluted shares (average)	2m	3m	4m	4m	7m	5m	7m	81m	99m	113m	192m	312m	355m	—
EBITDA	−3	−1	−15	−16	−14	−10	−3	−7	12	−595	406	735	−451	−2,136

US$ millions unless shown otherwise. Fiscal quarters.

Mara Holdings, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	132	214	214	238	252	202	175	175
Cost of revenue	199	267	—	—	—	—	—	—
Gross profit	−67	−53	—	—	—	—	—	—
Research and development	3	4	9	9	9	4	8	7
General and administrative	59	73	86	93	85	86	87	115
Operating income	−172	341	−541	680	48	−1,411	−1,061	−521
Interest expense	2	8	10	13	13	13	11	6
Income before tax	−174	647	−653	1,017	161	−1,893	−1,293	−611
Income tax	−49	118	−119	209	38	−183	−31	1
Net income	−125	529	−533	808	123	−1,710	−1,260	−610
Diluted EPS	−$0.42	$1.67	−$1.55	$1.84	$0.27	−$4.59	−$3.31	−$1.60
EBITDA	−71	481	−383	839	211	−1,125	−870	−352

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Mara Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mara Holdings, Inc.