Filing Flows › Mara Holdings (MARA) › Q3 2026 › vs Q2 2026
Mara Holdings (MARA) Q3 2026 vs Q2 2026 (quarter over quarter)
Mara Holdings's revenue fell $10.6M (-6%) from $175M in Q2 2026 to $164M in Q3 2026. Operating margin 107.5% against -298.0% (+405.5 pts).
Mara Holdings, Q3 2026: revenue $164M (-35% year over year), operating margin 107.5%, net earnings $634M, operating cash flow −$171M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 107.5% | -298.0% | +405.5 pts |
| Net margin | 386.3% | -348.6% | +734.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $164M | $175M | −$10.6M | -6% |
| Other income, net | $455M | −$89.7M | $544M | — |
| Operating profit | $177M | −$521M | $698M | — |
| Pre-tax earnings | $631M | −$611M | $1.2B | — |
| Income tax benefit | $1.0M | −$580K | $1.6M | — |
| Loss borne by minority interests | $2.3M | $1.6M | $654K | +40% |
| Net earnings | $634M | −$610M | $1.2B | — |
| Operating cash sources | $985M | −$165M | $1.1B | — |
| Depreciation & amortization | $151M | $175M | −$23.8M | -14% |
| Share-based compensation | $28.4M | $46.7M | −$18.2M | -39% |
| Cash used in operations | $171M | $224M | −$52.3M | -23% |
| Working capital & other | $985M | −$165M | $1.1B | — |
Questions
How much did Mara Holdings's revenue grow quarter over quarter in Q3 2026?
Mara Holdings's revenue fell $10.6M (-6%) from $175M in Q2 2026 to $164M in Q3 2026. Operating margin 107.5% against -298.0% (+405.5 pts).