Filing Flows › Mara Holdings (MARA) › Operating margin
Mara Holdings (MARA) operating margin by quarter
Mara Holdings' operating margin was 18.9% in Q3 2025 (third quarter 2025), -266.2 pts from Q2 2025. Over the last 3 quarters it ranged from 18.9% (Q3 2025) to 285.0% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2025 | 18.9% | -266.2 pts | — |
| Q2 2025 | 285.0% | +126.0 pts | — |
| Q4 2024 | 159.1% | — | — |
Q3 2025 at a glance
Mara Holdings, Q3 2025: revenue $252M (+92% year over year), operating margin 18.9%, net earnings $123M, operating cash flow −$199M. The chart follows the revenue to costs, profit and cash.
Questions
What is Mara Holdings' operating margin?
Mara Holdings' operating margin was 18.9% in Q3 2025 (third quarter 2025), -266.2 pts from Q2 2025.
How has Mara Holdings' operating margin changed?
Over the last 3 quarters it ranged from 18.9% (Q3 2025) to 285.0% (Q2 2025).