Mara Holdings, Inc. revenue by segment MARA

Mara Holdings, Inc. splits its revenue into 3 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Participant at $44.8 million, 76% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Jun 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
Revenue
60
59
97
58
10
24
4
1
2
1
37
Participant
51
+69.4%
share 85.2%
45
+40.1%
share 76.4%
32
+27.5%
share 33.2%
25
+439.6%
share 43.5%
5
-77.7%
share 47.1%
21
share 86.3%
—
—
—
—
—
Operator Transaction Fees
5
-78.1%
share 9.1%
9
-72.0%
share 15.7%
33
+0.9%
share 34.1%
33
+523.2%
share 56.5%
5
+57.7%
share 52.9%
3
share 13.7%
—
—
—
—
—
Hosting Services
3
-23.9%
share 5.7%
5
-85.2%
share 8.0%
32
share 32.8%
—
—
—
—
—
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Finance Services (SIC 6199)
Listed as
MARA (Nasdaq)
Fiscal year ends
December 31
Incorporated in
NV
Headquarters
Hallandale Beach, FL
SEC filer status
Large accelerated filer
SEC CIK
1507605
Former names
MARATHON DIGITAL HOLDINGS, INC. (until Aug 14, 2024); Marathon Patent Group, Inc. (until Feb 19, 2021); American Strategic Minerals Corp (until Feb 20, 2013); VERVE VENTURES INC (until Dec 9, 2011)

Other Finance Services companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.