Financial Statements — MARA
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.42 | 0.51 | 0.83 | 0.11 | 0.20 | 0.16 | 0.26 | 0.32 | 0.10 | 0.11 | 0.12 | 0.06 | 0.09 | 0.12 | 0.03 | 0.17 | 0.21 |
| Total Current Assets | 0.53 | 0.61 | 0.96 | 0.24 | 0.29 | 0.24 | 0.37 | 1.64 | 0.43 | 0.42 | 0.39 | 0.24 | 0.36 | 0.59 | 0.55 | 0.49 | 0.64 |
| Total Assets | 4.35 | 4.95 | 9.15 | 7.72 | 6.44 | 3.58 | 3.12 | 2.96 | 1.38 | 1.37 | 1.30 | 1.48 | 1.51 | 1.54 | 0.66 | 0.58 | 0.69 |
| Total Current Liabilities | 0.59 | 0.33 | 0.46 | 0.44 | 0.37 | 0.06 | 0.10 | 0.07 | 0.04 | 0.03 | 0.02 | 0.05 | 0.09 | 0.01 | 0.00 | 0.00 | 0.00 |
| Long-term Debt | 2.42 | 2.42 | 3.25 | 2.25 | 2.30 | 0.62 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Liabilities* | 2.69 | 2.72 | 4.00 | 2.93 | 2.72 | 0.72 | 0.47 | 0.48 | 0.36 | 0.78 | 0.76 | 0.85 | 0.85 | 0.76 | 0.00 | 0.00 | 0.00 |
| Retained Earnings | (3.21) | (2.60) | 0.37 | 0.25 | (0.56) | (0.55) | (0.43) | (0.23) | (0.80) | (0.87) | (0.85) | (0.43) | (0.36) | (0.17) | (0.16) | (0.14) | (0.03) |
| Total Stockholder Equity | 1.66 | 2.23 | 5.16 | 4.79 | 3.72 | 2.86 | 2.64 | 2.48 | 1.02 | 0.59 | 0.55 | 0.63 | 0.66 | 0.77 | 0.66 | 0.58 | 0.68 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income | (0.61) | (1.29) | (1.89) | 0.16 | 1.02 | (0.65) | 0.65 | (0.17) | (0.23) | 0.38 | 0.24 | 0.06 | (0.02) | (0.01) | (0.43) | (0.08) | (0.18) | (0.02) | 0.03 | (0.02) |
| Tax Provision | 0.00 | (0.03) | (0.18) | 0.04 | 0.21 | (0.12) | 0.12 | (0.05) | (0.03) | 0.04 | 0.02 | 0.00 | 0.00 | 0.00 | (0.02) | (0.01) | 0.01 | -0.00 | -- | -- |
| Net Income | (0.61) | (1.26) | (1.71) | 0.12 | 0.81 | (0.53) | 0.53 | (0.12) | (0.20) | 0.34 | 0.22 | 0.06 | (0.02) | (0.01) | (0.41) | (0.08) | (0.19) | (0.01) | 0.01 | (0.02) |
| Basic EPS | (1.60) | (3.31) | (4.76) | 0.33 | 2.29 | (1.55) | 1.71 | (0.42) | (0.72) | 1.30 | 1.23 | 0.36 | (0.13) | (0.05) | (3.52) | (0.65) | (1.75) | (0.13) | 0.07 | -- |
| Diluted EPS | (1.60) | (3.31) | (4.25) | 0.27 | 1.84 | (1.55) | 1.60 | (0.42) | (0.72) | 1.26 | 0.85 | 0.35 | (0.13) | -- | -- | -- | -- | (0.13) | -- | -- |
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (0.22) | (0.25) | (0.22) | (0.20) | (0.16) | (0.22) | (0.31) | (0.16) | (0.12) | (0.09) | (0.09) | (0.08) | (0.11) | (0.03) | (0.09) | (0.04) | (0.01) | (0.03) | 0.03 | (0.04) |
| Capital Expenditures | 0.01 | 0.08 | 0.16 | 0.08 | 0.12 | 0.04 | 0.19 | 0.04 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | -- | -- |
| Free Cash Flow* | (0.24) | (0.33) | (0.39) | (0.28) | (0.28) | (0.25) | (0.50) | (0.20) | (0.13) | (0.10) | (0.09) | (0.08) | (0.12) | (0.05) | (0.11) | (0.05) | (0.02) | (0.03) | -- | -- |
| Investing Cash Flow | 0.28 | 1.19 | (0.05) | (0.29) | (0.13) | (0.21) | (2.00) | (0.54) | (0.28) | (0.42) | 0.00 | 0.03 | 0.04 | (0.07) | (0.02) | (0.03) | (0.12) | (0.21) | (0.52) | (0.10) |
| Financing Cash Flow | (0.01) | (1.11) | (0.01) | 1.20 | 0.20 | 0.23 | 2.54 | 0.61 | 0.34 | 0.47 | 0.34 | 0.02 | 0.08 | 0.11 | 0.16 | 0.05 | 0.11 | 0.09 | 0.73 | -0.00 |
* Derived from reported values
