MARA Holdings Inc (MARA) FinancialsMARAFinancialMARA Holdings Inc

Evaluating the bottom line, MARA Holdings, Inc. maintains a gross margin of -67.30%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -138.58%, while the net margin is -349.56%. These profitability ratios, combined with a Return on Equity (ROE) of -107.12%, provide a clear picture of how effectively MARA converts its operational activities into shareholder value.

In the context of the broader market, MARA competes directly with industry leaders such as JOYY and CSQR. With a market capitalization of $4.12B, it holds a leading position in the sector. When comparing efficiency, MARA's gross margin of -67.30% stands against JOYY's 34.13% and CSQR's 20.53%. Such benchmarking helps identify whether MARA Holdings, Inc. is trading at a premium or discount relative to its financial performance.

The financial performance shows significant volatility, with total revenue peaking at $252.41 million in Q3 2025 but net income consistently negative, reaching -$1.71 billion in Q4 2025. The gross margin has been negative, with the latest at -67.30% in Q2 2026, indicating ongoing profitability issues.