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MARA Holdings (MARA)
NASDAQ:MARA
Earnings Data
Report Date
May 07, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-1.17Last Year’s EPS
-1.55Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced significant strategic progress (Starwood JV, Exaion acquisition, energized hashrate +25%, Bitcoin holdings +20%, FY revenue +38%, cost-efficiency gains) with material near-term financial headwinds driven by Bitcoin price volatility, large non-cash fair-value and impairment charges, lower quarterly production, and elevated purchased-energy cost per Bitcoin. Management emphasized a deliberate pivot to energy-dominant digital infrastructure to generate more predictable NOI and free cash flow while taking steps to strengthen liquidity and prudently allocate capital.Company Guidance
Strategic JV with Starwood Digital Ventures
Announced joint venture with Starwood to develop AI/HPC-capable data centers; MARA can retain up to 50% ownership. JV targets more than 1 GW of near-term IT capacity with a pathway to >2.5 GW, expected to accelerate hyperscale tenancy, improve execution certainty and enhance long-term NOI and free cash flow visibility.
Acquisition of Exaion to Expand Enterprise AI/HPC
Closed acquisition of a 64% stake in Exaion to provide Infrastructure-as-a-Service, sovereign/private cloud and edge inference capabilities — strengthening MARA's ability to serve enterprise, energy majors and sovereigns, and supporting international expansion (France, UAE, Oman, Brazil, Saudi Arabia).
Energized Hashrate Growth
Energized hashrate increased from 53.2 EH/s to 66.4 EH/s during 2025, a 25% rise, expanding compute capacity and operational scale.
Bitcoin Holdings Increased >20%
Bitcoin holdings grew from ~44,000 BTC to ~54,000 BTC (53,822 BTC as of Dec 31, 2025), an increase of over 20% (8,929 BTC), providing balance-sheet liquidity and collateral optionality.
Full-Year Revenue Growth
2025 full-year revenues rose 38% year-over-year to $907.1 million from $656.4 million in 2024, benefiting from higher average Bitcoin price and expanded operations.
Operational Cost Efficiency Improvements
Owned-site cost per kWh was $0.04 in 2025. Daily cost per petahash per day improved 4% YoY to $30.5 (from $31.7) and has improved 36% over the past 11 quarters, among the lowest at scale in the sector.
Capex-Light Monetization and Asset Optimization
Acquired a 42-MW Nebraska data center expanding a campus ~40% (below-market power rates) and doubled NGON gas-to-power from 25 MW to 50 MW, converting flared gas into low-cost power and lowering average cost to mine.
Active Digital Asset Management
Mined 2,011 BTC in Q4 and purchased 1,670 BTC as part of trading strategy; ~28% of holdings (15,315 BTC) were loaned/pledged/managed, generating ~$32.1 million in interest income from loans of 9,377 BTC, and 5,938 BTC pledged to access financing.
MARA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MARA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $8.45 | ― | ― |
Nov 04, 2025 | $17.81 | $16.62 | -6.68% |
Jul 29, 2025 | $16.61 | $16.55 | -0.36% |
May 08, 2025 | $14.29 | $15.76 | +10.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MARA Holdings (MARA) report earnings?
MARA Holdings (MARA) is schdueled to report earning on May 07, 2026, TBA (Confirmed).
What is MARA Holdings (MARA) earnings time?
MARA Holdings (MARA) earnings time is at May 07, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MARA EPS forecast?
MARA EPS forecast for the fiscal quarter 2026 (Q1) is -1.17.
