Filing Flows › Mara Holdings (MARA) › Q2 2026
Mara Holdings (MARA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Mara Holdings (MARA) reported revenue of $175M for the second quarter 2026 (Q2 2026), -27% from a year earlier and +0.2% from the quarter before. Operating margin was -298.0%, net loss $611M (349.6% of revenue).
Mara Holdings, Q2 2026: revenue $175M (-27% year over year), operating margin -298.0%, net loss $611M, operating cash flow −$224M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $175M | +0.2% | -27% |
| Operating profit | −$521M | — | -177% |
| Net earnings | −$611M | — | -176% |
| Operating cash flow | −$224M | — | — |
What changed
Revenue was $174.9M in Q2 2026, down 27% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $521.1M, an operating margin of -298.0%. The quarter ended with a net loss of $611.3M, narrower than the previous quarter's $1,262.4M loss. Minority interests bore $1.6M of it: to shareholders the quarter was a loss of $609.7M.
Operating cash flow was −$223.8M. Non-cash charges added back $174.7M of depreciation and amortization and $46.7M of share-based compensation. Working capital and other items added $166.2M. Capital expenditures of $14.8M exceeded it, leaving free cash flow of −$238.5M.
Questions
What was Mara Holdings' revenue in the second quarter 2026?
Mara Holdings (MARA) reported revenue of $175M for the second quarter 2026 (Q2 2026), -27% from a year earlier and +0.2% from the quarter before.
Was Mara Holdings profitable in the second quarter 2026?
Operating loss was $521M (-298.0% of revenue) and net loss $611M.
Source: Mara Holdings 10-Q on SEC EDGAR.