DREDGECAP
MARA Overview
10-QMay 11, 20265/11/26· Quarter Ended March 31, 2026· Q-End 3/31/26

MARA10-Q Filing

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MARA 10-Q Summary

For the quarter ended March 31, 2026, MARA Holdings, Inc. reported revenue of $174.6M, down 18.4% versus the same quarter one year earlier. Operating loss came in at $1.06B, 96.2% narrower compared to last year's $541.1M loss, primarily reflecting a $45.9M restructuring charges charge with no comparable charge in the prior year; net loss widened to $1.26B from $533.2M the same quarter last year.

MARA Financial Highlights

Metric
Q-End 03/26
Q-End 03/25
Revenue
$174.6M
$213.9M
-18.4% YoY
Operating Income
-$1.06B
-$541.1M
-96.2% YoY
Net Income
-$1.26B
-$533.2M
-136.2% YoY

What's Driving the Change

Item
Q-End 03/26
Q-End 03/25
Depreciation & Amortization
$191.6M
$157.9M
+21.3% YoY
Restructuring Charges
$45.9M
new this period

MARA Legal Proceedings Disclosed

Securities / Shareholder
Extracted from MARA’s 10-Q filed May 11, 2026. The text below is the company’s own disclosure language; DredgeCap has not paraphrased, classified, or summarized it.
Disclosure:Legal proceedings described above may contain allegations that have not been proven. Filings often disclose claims that are later dismissed, settled, or resolved without admission of wrongdoing. DredgeCap surfaces the company’s own disclosure language for investor-risk research only. This is not legal advice or investment advice.
Current DredgeCap Risk Profile
5.5/10
ELEVATED RISK
Dilution Risk
ELEVATED6.0/10
Liquidity Risk
MODERATE3.5/10
Debt Toxicity
MODERATE4.5/10
Profitability Risk
ELEVATED6.5/10
Going Concern✓ Not flagged
The risk profile above reflects the latest cached DredgeCap analysis for MARA. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open MARA's company page.

What is a 10-Q?

A quarterly report covering the three months just ended. Includes unaudited condensed financial statements (balance sheet, income statement, cash flow), Management Discussion and Analysis (MD&A), and disclosure of material changes since the last annual report. Required for the first three fiscal quarters; the fourth quarter is rolled into the 10-K.

More on MARA

Dilution Analysis
Debt Structure
Going Concern
Full Financials
Financial highlights are sourced directly from the 10-Q income statement (three months ended). YoY % compares to the same quarter one year earlier as reported by the issuer. The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.