MARA Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	907.09	656.38	387.51	117.75	159.16
Revenue Growth (YoY)	38.20%	69.38%	229.08%	-26.02%	3553.04%
Cost of Revenue	567.27	419.26	226.64	72.72	27.49
Gross Profit	339.83	237.11	160.87	45.04	131.67
Selling, General & Admin	349.94	253.96	83.61	56.64	174.36
Depreciation & Amortization Expenses	772.77	429.19	179.58	78.71	14.9
Research & Development	30.12	13.23	2.81	0.1	-
Other Operating Expenses	411.25	-765.38	-326.04	411.26	99.11
Operating Income	-1,224	306.11	220.91	-673.54	-2.99
Interest Income	55.86	16.71	2.81	1.02	-
Interest Expense	-48.38	-13	-10.35	-14.98	-1.57
Other Non-Operating Income (Expense)	-151.49	306.68	64.23	-30.75	-0.29
Total Non-Operating Income (Expense)	-144.02	310.39	56.69	-44.71	-1.86
Pretax Income	-1,368	616.5	277.6	-718.25	-4.85
Provision for Income Taxes	-56.38	75.5	16.43	-24.23	24.97
Net Income	-2,623	1,083	520.23	-1,388	-29.81
Minority Interest in Earnings	-0.41	-0.25	-	-	-
Net Income Attributable to Preferred Dividends	-	-	2.12	-	-
Net Income to Common	-2,623	1,083	520.23	-1,388	-29.81
Net Income Growth	-	108.08%	-	-	-
Shares Outstanding (Basic)	355	290	184	113	99
Shares Outstanding (Diluted)	355	312	192	113	99
Shares Change (YoY)	13.89%	62.17%	69.47%	14.22%	22.02%
EPS (Basic)	-3.69	1.87	1.41	-6.12	-0.30
EPS (Diluted)	-3.69	1.72	1.06	-6.12	-0.30
EPS Growth	-	62.26%	-	-	-
Free Cash Flow	-1,363	-1,745	-502.2	-701.43	-727.88
Free Cash Flow Per Share	-3.84	-5.60	-2.61	-6.18	-7.33
Gross Margin	37.46%	36.12%	41.51%	38.25%	82.73%
Operating Margin	-134.96%	46.64%	57.01%	-572.00%	-1.88%
Profit Margin	-144.63%	82.42%	67.40%	-589.39%	-18.73%
FCF Margin	-150.26%	-265.87%	-129.60%	-595.68%	-457.32%
EBITDA	-451.48	735.3	406.45	-572.05	11.92
EBITDA Margin	-49.77%	112.02%	104.89%	-485.81%	7.49%
EBIT	-1,224	306.11	220.91	-673.54	-2.99
EBIT Margin	-134.96%	46.64%	57.01%	-572.00%	-1.88%
Effective Tax Rate	4.12%	12.25%	5.92%	3.37%	-515.34%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.