Marathon Holdings Inc: Mixed — EPS $1.28, Revenue $164.23M
Mixed ResultQ3 2026 · After-market
Did Marathon Holdings Inc (MARA) beat earnings today?
It was a mixed report for Q3 2026 — Marathon Holdings Inc (MARA) beat on EPS but missed on revenue.
Earnings Per Share+487.88% surprise
$1.28Actual
Expected: -$0.33
vs. year ago +374.1%
Total Revenue-6.75% surprise
$164.23MActual
Expected: $176.13M
vs. year ago -34.9%
Released Nov 09 · 4:11 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $164.23M | $252.41M | -35.0 |
| Net Income | $632.07M | $123.13M | +413.4 |
| GAAP Basic EPS | $1.64 | $0.33 | +397.0 |
| GAAP Diluted EPS | $1.28 | $0.27 | +374.1 |
Business Highlights
- ➤Received FERC approval for the Long Ridge acquisition after quarter-end.
- ➤Long Ridge is authorized to sell 485 MW and targets full nameplate capacity in 2027.
- ➤Secured rights to develop a Matagorda County site with up to 2 GW.
- ➤Matagorda was classified as a studied load in ERCOT’s Batch Zero process.
- ➤Exaion signed a four-year GPU-as-a-service contract with its first U.S. customer.
- ➤Exaion’s demand pipeline exceeded $3B in total contract value indications.
- ➤Launched Vertebrai, a flexible computing platform for real-time power allocation.
- ➤Vertebrai reduced estimated wind-farm curtailment from 46% to 22% in Texas.
- ➤Board authorized a common-stock repurchase program of up to $500.0M.
- ➤Repaid $750.0M of BTC-backed debt after quarter-end, releasing pledged bitcoin.
- ➤Operates approximately 1.9 GW of energized capacity across nearly 20 sites on four continents.