MARA Q2 2024 Earnings — Marathon Digital Holdings, Inc. Revenue & Financial Results | Market Cap Arena

MARAMarathon Digital Holdings, Inc.

$3B

Q2 2024 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$145M+77.5% YoY

Gross Profit

$51M35.3% margin

Operating Income

-$232M-160.1% margin

Net Income

-$200M-137.6% margin

EPS (Diluted)

$-0.72

QoQ Revenue Growth

-12.1%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$4M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$475M

Stockholders' Equity

$2.6B

Cash & Equivalents

$256M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$145M	$82M	+77.5%
Gross Profit	$51M	-$11M	+577.3%
Operating Income	-$232M	-$6M	-3730.5%
Net Income	-$200M	-$9M	-2127.8%

Revenue Segments

Hosting Services

$9M100%