MARA · XBRL financial data

MARA Holdings financial statements, every quarter

The same tables from 13 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MARA's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue	98	157*	165	145	132	214*	214	238	252	202*	175	175
Revenue from contracts with customers	98	(173)*	43	26	17	10*	15	15	17	12*	17	14
Cost of goods and services sold	113	146*	168	182	199	267*	—	—	—	—	—	—
Gross profit	(15)	11*	—	—	—	(53)*	—	—	—	—	—	—
Research and development	1	1*	2	4	3	4*	9	9	9	4*	8	7
General and administrative	20	39*	73	57	64	78*	86	93	85	86*	87	115
Total operating expenses	0	(246)*	(373)	196	105	(394)*	—	—	—	—	—	—
Operating income (loss)	(16)	257*	370	(232)	(172)	341*	(541)	680	48	(1,411)*	(1,061)	(521)
Interest income	0	1*	3	2	4	8*	12	10	18	17*	11	10
Interest expense	3	1*	1	1	2	8*	10	13	13	13*	11	6
Other income (expense)	0	1*	3	0	(0)	(8)*	2	(6)	1	(25)*	4	3
Income tax expense (benefit)	0	16*	38	(32)	(49)	118*	(119)	209	38	(183)*	(31)	1
Net income (loss)	64	223*	337	(200)	(125)	529*	—	—	—	year only	—	—
Earnings per share, basic USD per share	0.36	—	1.30	(0.72)	(0.42)	1.62*	(1.55)	2.29	0.33	—	(3.31)	(1.60)
Earnings per share, diluted USD per share	0.35	—	1.26	(0.72)	(0.42)	—	(1.55)	1.84	0.27	—	(3.31)	(1.60)
Weighted average shares, basic millions of shares	180	227*	259	279	295	327*	344	353	372	351*	380	382
Weighted average shares, diluted millions of shares	190	—	268	279	295	—	344	441	470	—	380	382

Fiscal quarters (MARA's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	101	357	324	256	164	392	196	109	826	547	514	421
Prepaid and other current assets	36	23	33	28	17	36	28	41	40	44	41	47
Total current assets	433	1,030	1,641	372	239	470	292	236	962	664	611	527
Property and equipment, net	742	672	802	930	1,092	1,549	1,566	1,634	1,555	1,491	1,406	1,216
Right-of-use asset	1	0	9	10	9	17	27	33	32	32	34	34
Goodwill	—	0	31	45	45	83	83	83	83	0	90	90
Total assets	1,384	1,991	2,957	3,117	3,580	6,801	6,444	7,721	9,153	7,287	4,949	4,349
Accounts payable	15	11	33	29	13	13	6	10	11	13	8	10
Accrued liabilities	22	22	32	67	37	77	46	57	74	87	105	74
Current portion of long-term debt	—	0	—	—	—	0	—	—	—	398	198	485
Total current liabilities	38	34	71	99	60	95	368	441	459	522	331	592
Total deposits	—	67	—	—	—	—	—	—	—	—	—	—
Long-term debt	—	326	—	—	—	2,447	—	—	—	3,202	2,218	1,932
Lease liability, non-current	0	0	13	15	15	23	33	40	40	40	41	41
Retained earnings (accumulated deficit)	(803)	(568)	(230)	(430)	(555)	(26)	(560)	249	372	(1,338)	(2,597)	(3,207)
Total stockholders' equity	1,020	1,616	2,477	2,643	2,856	4,129	3,725	4,792	5,158	3,472	2,232	1,661
Total liabilities and equity	1,384	1,991	2,957	3,117	3,580	6,801	6,444	7,721	9,153	7,287	4,949	4,349
Common shares outstanding (cover page) millions of shares	223	268	273	294	322	346	352	370	378	380	381	386

Fiscal quarters (MARA's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	64	223*	337	(200)	(125)	529*	—	—	—	year only	—	—
Stock-based compensation	6*	19*	52	28*	23*	54*	49	55*	38*	30*	31	47*
Net cash from operating activities	(82)*	(91)*	(88)	(115)*	(160)*	(313)*	(215)	(163)*	(199)*	(225)*	(247)	(224)*
Purchases of property and equipment	2*	2*	9	17*	38*	187*	39	119*	85*	164*	80	15*
Net cash from investing activities	34*	5*	(417)	(278)*	(538)*	(1,997)*	(210)	(127)*	(286)*	(47)*	1,190	275*
Proceeds from issuing common stock	37*	343*	489	345*	321*	697*	100	219*	253*	(3)*	0	0*
Share repurchases	0*	0*	17	7*	6*	6*	20	15*	8*	4*	7	8*
Net cash from financing activities	21*	342*	472	337*	606*	2,538*	230	204*	1,202*	(7)*	(1,108)	(8)*
Net change in cash	(27)*	256*	(33)	(56)*	(92)*	228*	(196)	(87)*	717*	(279)*	(169)	43*

SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
MARA Holdings	421	175	(224)*	386.3M	1.9 quarters	Q2 FY26 10-QJun 30, 2026
Upstart Holdings	461	371	(20)*	98.9M	4.7 quarters	Q3 FY26 10-QSep 30, 2026
Core Scientific, Inc./tx	1,770	164	(19)*	321.3M	93.5 quarters	Q2 FY26 10-QJun 30, 2026
Chime Financial	536	670	207*	not reported	—	Q2 FY26 10-QJun 30, 2026
Dave	210	171	68*	not reported	—	Q2 FY26 10-QJun 30, 2026
Burford Capital	697	111	52*	219.6M	—	Q2 FY26 10-QJun 30, 2026
IREN	5,896	137*	year only	not reported	—	Q4 FY26 10-KJun 30, 2026
WhiteFiber	56	29	86*	38.8M	—	Q2 FY26 10-QJun 30, 2026
Riot Platforms	471	174	(90)*	375.3M	5.2 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.