Marathon Digital Holdings Inc (MARA)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | -679,203 | -549,382 | -433,538 | -330,921 | -172,285 | -90,856 | -92,980 | -171,955 | -149,467 | -18,934 | -47,773 | 66,881 | 51,116 | -15,432 | 30,057 | 4,654 | -2,665 | -2,401 | -1,770 | -1,463 |
| Revenue (ttm) | US$ in thousands | 656,378 | 598,752 | 564,954 | 501,574 | 387,508 | 259,157 | 202,180 | 199,776 | 197,548 | 227,846 | 238,681 | 188,647 | 148,895 | 92,824 | 41,952 | 12,910 | 4,337 | 2,126 | 1,600 | 1,664 |
| Gross profit margin | -103.48% | -91.75% | -76.74% | -65.98% | -44.46% | -35.06% | -45.99% | -86.07% | -75.66% | -8.31% | -20.02% | 35.45% | 34.33% | -16.63% | 71.65% | 36.05% | -61.45% | -112.94% | -110.62% | -87.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-679,203K ÷ $656,378K
= -103.48%
The gross profit margin of Marathon Digital Holdings Inc has displayed significant fluctuations over the past few years, reflecting varying levels of operational efficiency and profitability.
The trend shows a downward trajectory starting from negative margins in early 2020, indicating that the company was experiencing losses exceeding its revenue from sales. However, by the first quarter of 2021, there was a notable turnaround as the gross profit margin turned positive, reaching 36.05%. This positive trend continued into the second quarter of 2021, with the margin increasing to 71.65%, indicating improved profitability and cost management.
Subsequently, there was a decline in the gross profit margin in the third and fourth quarters of 2021, but it remained positive. However, the margin turned negative again in the following quarters of 2022, reflecting a decrease in profitability and a potential increase in costs relative to revenue.
Throughout the years 2023 and 2024, the gross profit margin consistently remained negative, with varying degrees of decline, reaching its lowest point of -103.48% by the end of 2024. This suggests that Marathon Digital Holdings Inc faced challenges in generating profits from its core operations and managing costs effectively during this period.
Overall, the analysis highlights the volatility and challenges within Marathon Digital Holdings Inc's operational performance, emphasizing the importance of closely monitoring and managing the company's gross profit margin to ensure sustained profitability and financial health.
Peer comparison
Dec 31, 2024