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    Marathon Digital Holdings Inc (MARA)

    Official site

    FINANCIAL SERVICES • CAPITAL MARKETS • NASDAQ

    $8.23
    -0.88 (-9.66%)

    Market Cap: $3.18B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    40%(12/30)
    Avg Surprise
    -92.89%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$-0.10
    Range$-0.10 - $-0.10
    1 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$0.20-151.3%
    60d ago$0.20-151.3%
    30d ago$-0.100.0%
    7d ago$-0.100.0%
    Current$-0.10
    Revenue Consensus
    $176M
    Range$145M - $194M
    10 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-4.11
    Range$-5.12 - $-2.60
    9 analysts
    Revenue Consensus
    $138M
    Range$70M - $181M
    8 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$-4.11---
    Sep 26EST
    		-$-0.10---
    Jun 26
    Reported Aug 6
    		$-0.70$-0.56-25.00%Miss-136.1%
    Mar 26
    Reported May 11
    		$-0.63$-0.85+25.88%Beat+60.1%
    Dec 25
    Reported Feb 26
    		$-0.46$-0.23-100.00%Miss-136.1%
    Sep 25
    Reported Nov 4
    		$0.37$0.35+5.71%Beat+285.0%
    Jun 25
    Reported Jul 29
    		$1.94$-0.28+792.86%Beat+377.1%
    Mar 25
    Reported May 8
    		$-1.58$0.72-319.44%Miss-219.7%
    Dec 24
    Reported Feb 26
    		$1.27$-0.20+753.23%Beat+93.0%
    Sep 24
    Reported Nov 12
    		$-0.20$-0.29+31.03%Beat-185.7%
    Jun 24
    Reported Aug 1
    		$-0.70$0.09-877.78%Miss-600.0%
    Mar 24
    Reported May 9
    		$1.32$0.87+51.72%Beat+3400.0%
    Dec 23
    Reported Feb 28
    		$0.66$0.03+2100.00%Beat+224.5%
    Sep 23
    Reported Nov 8
    		$-0.07N/A+63.16%Beat+77.4%
    Jun 23
    Reported Aug 8
    		$-0.10$-0.08-25.00%Miss+95.5%
    Mar 23
    Reported May 10
    		$-0.04N/A+63.64%Beat-100.0%
    Dec 22
    Reported Mar 16
    		$-0.53$-0.16-231.25%Miss-630.0%
    Sep 22
    Reported Nov 8
    		$-0.31$-0.18-72.22%Miss-136.5%
    Jun 22
    Reported Aug 8
    		$-2.23$-0.07-3085.71%Miss-139.8%
    Mar 22
    Reported May 4
    		$-0.02N/A-109.09%Miss-102.3%
    Dec 21
    Reported Mar 1
    		$0.10N/A-70.59%Miss+225.0%
    Sep 21
    Reported Nov 10
    		$0.85$0.32+165.63%Beat+1516.7%
    Jun 21
    Reported Aug 13
    		$-0.93$0.10-1030.00%Miss+88.4%
    Mar 21
    Reported May 10
    		$0.87$0.02+4250.00%Beat+110.8%
    Dec 20
    Reported Mar 16
    		$-0.08$-0.01-700.00%Miss+99.0%
    Sep 20
    Reported Nov 12
    		$-0.06N/AN/ABeat+99.3%
    Jun 20
    Reported Aug 14
    		$-8.02N/AN/ABeat+0.0%
    Mar 20
    Reported May 14
    		$-8.02N/AN/ABeat+0.0%
    Dec 19
    Reported Mar 23
    		$-8.02N/AN/ABeat-299.0%
    Sep 19
    Reported Nov 11
    		$-8.02N/AN/ABeat-3241.7%
    Jun 19
    Reported Aug 1
    		$-8.02N/AN/ABeat-299.0%
    Mar 19
    Reported May 10
    		$-8.02N/AN/ABeat-299.0%
    Dec 18
    Reported Mar 25
    		$-2.01$1.92-204.69%Miss-118.5%
    Sep 18
    Reported Nov 13
    		$-0.24$-0.04-500.00%Miss+83.3%
    Jun 18
    Reported Aug 13
    		$-2.01$-0.08-2412.50%Miss+3.4%
    Mar 18
    Reported Apr 16
    		$-2.01$-0.24-737.50%Miss+92.8%
    Sep 17
    Reported Nov 20
    		$-0.92$0.00N/ABeat-
    Jun 17
    Reported Aug 14
    		$-1.44$-1.44+0.00%Beat-
    Mar 17
    Reported May 15
    		$-2.08$-1.44-44.44%Miss-
    Dec 16
    Reported Mar 30
    		$-27.84$-4.32-544.44%Miss-

    Key Metrics

    Valuation
    P/E Ratio-5.80EV/EBITDAN/A
    Price/FCF-2.01xFCF Yield-49.86%
    Profitability
    Profit Margin0.00%Operating Margin-265.20%
    ROE-105.60%ROIC-59.73%
    Financial Health
    Debt/Equity1.46xInterest Coverage48.44x
    Current Ratio0.89xQuick Ratio0.89x
    Trading Statistics
    Beta5.35Avg Volume41.20M
    52-Week High$22.0952-Week Low$6.66

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$10.13
    SMA 20$11.37
    SMA 50$10.99
    SMA 200$10.97
    EMA 10$9.94
    EMA 20$10.65
    EMA 50$11.18
    EMA 200$11.79

    MACD

    Line: -0.69Signal: -0.30Hist: -0.39

    ADX

    ADX: 19.6+DI: 17.4-DI: 38.7

    Aroon & PSAR

    Aroon Up32.0
    Aroon Down100.0
    PSAR$11.11

    Bollinger Bands

    Upper Band$14.48
    Lower Band$8.25
    %B Position5477%(Upper)
    Band Width-0.00

    RSI (14-Day)

    Oversold
    25.1

    Momentum Oscillators

    Stoch %K1.8
    Stoch %D2.7
    Williams %R-98.8
    ROC (10d)-27.4%
    Momentum-3.10
    CCI (20d)-162.5
    MFI (14d)9.4

    Volatility Measures

    ATR (14d)$0.75(9.1%)
    StdDev (20d)1.56
    Hist Vol75.2%(High)

    Volume Flow

    VWAP$8.43
    OBV-260.5M
    AD Line-1.0B
    CMF (20d)-0.217

    Volume Metrics

    Avg Vol (20d)40.5M
    Vol Ratio1.0x
    VWMA (20d)$11.56

    Pivot Points

    R3$9.55
    R2$9.41
    R1$9.26
    Pivot Point$9.12
    S1$8.97
    S2$8.83
    S3$8.68

    Advanced Oscillators

    TSI-23.54
    Ultimate Osc24.9
    KST-65.44

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$174.88M$174.61M$202.31M$252.41M$238.49M$213.88M$214.39M$131.65M$145.14M$165.20M$156.77M$97.85M
    Cost of Revenue$48.75M$336.97M$443.45M$43.08M$41.73M$43.48M$267.19M$198.66M$93.89M$6.09M$146.07M$113.18M
    Gross Profit$126.13M$-162,354,000$-241,139,000$209.33M$196.75M$170.40M$-52,793,000$-67,016,000$51.25M$159.11M$10.70M$-15,327,000
    Operating Expenses$394.12M$86.52M$90.67M$161.74M$-483,022,000$711.47M$-393,820,000$105.21M$283.65M$-210,594,000$39.25M$64.83M
    R&D$7.17M$8.25M$3.56M$8.72M$8.55M$9.30M$4.11M$2.81M$3.85M$2.47M$1.24M$713,000
    SG&A$114.70M$86.86M$85.83M$85.30M$92.95M$85.86M$77.92M$63.73M$57.12M$68.91M$39.25M$19.43M
    Operating Income$-267,989,000$-248,871,000$-331,810,000$47.59M$679.78M$-541,063,000$341.03M$-172,223,000$-232,397,000$369.70M$-28,553,000$-80,160,000
    Interest Income$10.26M$10.53M$16.54M$17.69M$9.63M$11.99M$8.06M$3.89M$2.19M$2.57M$0$426,000
    Interest Expense$6.26M$10.72M$12.85M$12.76M$12.84M$9.94M$8.03M$2.34M$1.37M$1.26M$1.21M$2.54M
    Income Before Tax$-610,737,000$-1,293,329,000$-1,893,174,000$160.81M$1.02B$-652,615,000$646.54M$-173,950,000$-231,316,000$375.22M$239.48M$-317,000
    Income Tax Expense$580,000$-30,932,000$-183,386,000$37.68M$208.50M$-119,172,000$118.26M$-49,161,000$-31,657,000$38.05M$16.07M$73,000
    Net Income$-609,685,000$-1,259,619,000$-1,709,644,000$123.13M$808.24M$-533,199,000$528.53M$-124,789,000$-199,659,000$337.17M$223.40M$-390,000
    EBITDA$-429,809,000$-57,315,000$-1,594,511,000$340.88M$1.19B$-484,777,000$791.60M$-70,253,000$-122,669,000$458.08M$311.65M$55.77M
    EBIT$-604,473,000$-248,871,000$-1,880,329,000$173.57M$1.03B$-642,674,000$654.57M$-171,608,000$-229,947,000$376.48M$240.69M$2.22M
    * Some calculated fields are derived from available data when not provided by source

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    News

    MARA Holdings Stock Slumps As Wall Street Turns Cautious

    MARA Holdings Inc. (NASDAQ: MARA) stock has fallen by 7.19% due to negative sentiment following its latest earnings report and significant downgrades from major Wall Street banks. JPMorgan double downgraded MARA from...

    Timothy Sykes•10/14/26•Bearish

    MARA Holdings Slumps As Wall Street Turns Sharply Bearish

    MARA Holdings Inc. shares fell by 7.28% after negative investor reaction to its latest earnings and a double downgrade from JPMorgan...

    StocksToTrade•10/14/26•Bearish

    MARA Holdings (MARA) Stock May Still Trade At A Premium To Sales

    MARA Holdings' stock price has significantly dropped over the past five years, leading investors to scrutinize its valuation relative to sales. Despite trading at a premium P/S ratio of 4.4x compared to the broader...

    Simply Wall Street•10/14/26•Somewhat-Bearish

    MARA Holdings Inc. Stock Grades | MARA

    This article provides stock grading information for MARA Holdings Inc., including its current market data, analyst ratings, and a brief company profile. It highlights the average price target from analysts...

    Barron's•10/12/26•Somewhat-Bearish

    EBIT of MARA Holdings, Inc. – HAN:M44

    This article provides financial information for MARA Holdings, Inc. (HAN:M44) on TradingView, specifically focusing on its EBIT (Earnings Before Interest and Taxes). It notes that the market for this stock is closed...

    TradingView•10/12/26•Neutral

    MARA Valuation and Fair Value

    P/E
    -5.8x
    Forward P/E
    39.5x
    P/FCF
    -2.0x
    PEG
    0.1x
    P/B
    1.9x
    See GNG's fair value

    MARA Profitability: Margins, ROIC and FCF

    Gross margin
    -8.5%
    Operating margin
    -265.2%
    Net margin
    0.0%
    ROIC
    -59.7%
    ROE
    -105.6%
    FCF margin
    -194.7%
    FCF yield
    -49.9%

    MARA Competitors

    CompanyTicker
    WisdomTree Inc.WT
    Towne BankTOWN
    Simmons First National CorporationSFNC
    Park National CorporationPRK
    First Financial BancorpFFBC
    AllianceBernstein Holding L.P.AB
    First Interstate BancSystem IncFIBK
    Golub Capital BDC IncGBDC

    Sector: Financial Services

    MARA Analyst Ratings

    Consensus
    Buy
    Analysts
    15
    Strong Buy
    2
    Buy
    7
    Hold
    4
    Sell
    1
    Strong Sell
    1

    MARA Bull Case vs Bear Case

    Bull case

    • 60.0% of MARA's analyst ratings are Buy or Strong Buy.

    Bear case

    • MARA's quarterly revenue changed -26.7% year over year.

    MARA Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    145.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $-0.10
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 0 down

    Frequently Asked Questions About MARA

    Does MARA pay dividends?

    Marathon Digital Holdings Inc (MARA) does not currently pay a regular dividend.

    What is MARA's market cap?

    Marathon Digital Holdings Inc (MARA) has a market capitalization of $3.18B with a current stock price of $8.23.

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