Filing Flows › Mara Holdings (MARA) › Q3 2026 › vs Q3 2025
Mara Holdings (MARA) Q3 2026 vs Q3 2025 (year over year)
Mara Holdings's revenue fell $88.2M (-35%) from $252M in Q3 2025 to $164M in Q3 2026. Operating margin 107.5% against 18.9% (+88.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 107.5% | 18.9% | +88.6 pts |
| Net margin | 386.3% | 48.8% | +337.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $164M | $252M | −$88.2M | -35% |
| Other income, net | $455M | $113M | $341M | +301% |
| Operating profit | $177M | $47.6M | $129M | +271% |
| Pre-tax earnings | $631M | $161M | $470M | +292% |
| Income tax benefit | $1.0M | −$37.7M | $38.7M | — |
| Loss borne by minority interests | $2.3M | −$6K | $2.3M | — |
| Net earnings | $634M | $123M | $511M | +415% |
| Operating cash sources | $985M | $528M | $457M | +87% |
| Depreciation & amortization | $151M | $167M | −$16.5M | -10% |
| Share-based compensation | $28.4M | $38.5M | −$10.0M | -26% |
| Cash used in operations | $171M | $199M | −$27.6M | -14% |
| Working capital & other | $985M | $528M | $457M | +87% |
Questions
How much did Mara Holdings's revenue grow year over year in Q3 2026?
Mara Holdings's revenue fell $88.2M (-35%) from $252M in Q3 2025 to $164M in Q3 2026. Operating margin 107.5% against 18.9% (+88.6 pts).