MARA HOLDINGS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $907.1M | $656.4M | $387.5M | $117.8M | $159.2M | $4.4M | $1.2M | $1.6M |
| Cost of Revenue | — | $815.8M | $402.9M | $151.4M | $42.4M | $7.0M | $2.5M | $3.4M |
| Gross Profit | — | $-159.4M | $-15.3M | $-33.7M | $116.8M | $-2.6M | $-1.3M | $-1.8M |
| Gross Margin | — | -24.3% | -4.0% | -28.6% | 73.4% | -60.7% | -109.4% | -114.5% |
| Operating Expenses | ||||||||
| Research & Development | $30.1M | $13.2M | $2.8M | $98.0K | — | — | — | — |
| SG&A Expense | $349.9M | $254.0M | $83.6M | $56.6M | $174.4M | $6.4M | $465.8K | $1.4M |
| Operating Income | $-1.22B | $306.1M | $220.9M | $-673.5M | $-3.0M | $-9.8M | $-4.2M | $-12.1M |
| Operating Margin | -135.0% | 46.6% | 57.0% | -572.0% | -1.9% | -225.3% | -357.7% | -772.9% |
| Interest Expense | — | — | $10.4M | $15.0M | $1.6M | $21.0K | $51.9K | $81.5K |
| Pretax Income | $-1.37B | $616.5M | $277.6M | $-718.3M | $-4.8M | $-10.4M | $-3.5M | $-12.7M |
| Income Tax Expense | $-56.4M | $75.5M | $16.4M | $-24.2M | $25.0M | $2.0K | — | $69.1K |
| Net Income | $-1.31B | $541.3M | $261.2M | $-694.0M | $-29.8M | $-10.4M | $-3.5M | $-12.8M |
| Net Margin | -144.6% | 82.5% | 67.4% | -589.4% | -18.7% | -239.8% | -296.7% | -820.2% |
| EPS (Basic) | $-3.69 | $1.87 | $1.41 | $-6.12 | $-0.30 | $-0.13 | $-0.04 | $-0.20 |
| EPS (Diluted) | $-3.69 | $1.72 | $1.06 | $-6.12 | $-0.30 | $-0.13 | $-0.04 | $-0.20 |
| Shares Outstanding (Basic) | 355.2M | 290.0M | 183.9M | 113.5M | 99.3M | 81.4M | 80.0M | 76.6M |
| Shares Outstanding (Diluted) | 355.2M | 311.8M | 192.3M | 113.5M | 99.3M | 81.4M | 80.0M | 76.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |