Every 10-Q that MARA Holdings, Inc. (MARA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MARA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MARA filings page.
MARA Holdings, Inc. reported weaker results for the quarter ended June 30, 2026. Revenue was $174.9 million versus $238.5 million a year earlier, while changes in fair value of digital assets and related receivables totaled approximately $1.36 billion year‑to‑date. Together with higher depreciation, restructuring and tax valuation effects, this produced an operating loss of $521.1 million and a net loss attributable to common stockholders of $609.7 million for the quarter, and $1.87 billion for the first half.
Digital asset exposure remains significant but reduced: bitcoin and other digital assets had a fair value of $2.09 billion at June 30, 2026, down from $4.71 billion at December 31, 2025, with bitcoin holdings declining to 35,577 BTC. Cash, cash equivalents and restricted cash totaled $433.3 million. The company repurchased approximately $367.5 million of March 2030 Notes and $633.4 million of June 2031 Notes, recording a $70.6 million gain and reducing total debt to about $2.45 billion, while adding AI/HPC capacity through the $174.5 million Exaion acquisition and a $25.2 million Nebraska data center purchase.
MARA Holdings, Inc. reported a sharp Q1 2026 net loss of $1.26B on revenues of $174.6M, compared with a $533.4M loss a year earlier. Results were heavily affected by non-cash fair value declines on bitcoin holdings and related receivables totaling more than $1.0B, plus a $45.9M restructuring charge tied to shifting resources toward AI, HPC and critical IT workloads amid lower bitcoin prices.
Cash and cash equivalents were $513.7M and the fair value of digital assets, including receivables, was $2.41B as of March 31, 2026, against total debt of $2.45B. The quarter also included the Exaion acquisition, adding $92.5M of goodwill and $43.1M of intangibles, and a $70.6M gain from partial repurchases of convertible notes.
MARA Holdings reported sharply improved results for the quarter ended September 30, 2025. Revenue reached $252.4 million, up from $131.6 million a year ago, and net income was $123.1 million versus a prior-year loss. Year-to-date, revenue was $704.8 million and net income $397.9 million, reflecting higher Bitcoin-related revenues and gains tied to digital asset receivables.
Cash and cash equivalents were $826.4 million, while total bitcoin holdings were 52,850 BTC with a fair value of $6.03 billion as of September 30. The company recorded $20.9 million in restructuring costs after exiting its 2-phase immersion cooling product line and recognized $26.3 million of impairment tied to storm damage at the Garden City site. Notes payable increased to $3.25 billion and the current portion of the line of credit was $350.0 million. A commodity swap amendment reduced fixed power prices and contributed to a $51.7 million derivative asset at quarter end. As of October 28, 2025, shares outstanding were 378,184,353.