Filing Flows › Mara Holdings (MARA) › Q1 2026 › vs Q1 2025
Mara Holdings (MARA) Q1 2026 vs Q1 2025 (year over year)
Mara Holdings's revenue fell $39.3M (-18%) from $214M in Q1 2025 to $175M in Q1 2026.
Mara Holdings, Q1 2026: revenue $175M (-18% year over year), operating margin -607.9%, net loss $1.3B, operating cash flow −$247M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $175M | $214M | −$39.3M | -18% |
| Income tax benefit | $30.9M | $119M | −$88.2M | -74% |
| Net loss | $1.3B | $533M | $729M | +137% |
| Costs & expenses | $1.5B | $866M | $601M | +69% |
| Operating costs | $1.2B | $755M | $481M | +64% |
| Interest & other, net | $232M | $112M | $120M | +108% |
| Research & development | $8.2M | $9.3M | −$1.1M | -11% |
| General & admin | $86.9M | $85.9M | $992K | +1% |
| Other operating costs | $1.1B | $660M | $481M | +73% |
| Operating cash sources | $1.3B | $533M | $729M | +137% |
| Depreciation & amortization | $192M | $158M | $33.7M | +21% |
| Share-based compensation | $30.5M | $49.1M | −$18.6M | -38% |
| Working capital & other | $793M | $111M | $682M | +615% |
| Cash used in operations | $247M | $215M | $32.0M | +15% |
| Net loss absorbed | $1.3B | $533M | $729M | +137% |
Questions
How much did Mara Holdings's revenue grow year over year in Q1 2026?
Mara Holdings's revenue fell $39.3M (-18%) from $214M in Q1 2025 to $175M in Q1 2026.