Equity Profile

MARA

MARA Holdings, Inc.

Information TechnologyApplication Software$4.7B

Jul28Tue

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

MARA Holdings, Inc. operates in the information technology sector, focusing on application software....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is essential to understand the company's market demand and overall business health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MARA Q2-2026 Earnings Preview

Context

Company Snapshot

MARA Holdings, Inc. operates in the information technology sector, focusing on application software. The company is significant as it develops software solutions that cater to various business needs, which can be crucial in a rapidly evolving tech landscape.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-219.27%

Avg Stock Reaction

-0.90%

Last Quarter Recap

In Q1-2026, MARA reported an EPS of -$3.31, significantly missing expectations. The stock reacted positively, gaining 3.48% the following day despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations are cautious, given the company's recent history of earnings misses. Investors are likely looking for any signs of recovery or improvement in performance.

Bull Case

If MARA can show a significant turnaround in EPS and revenue growth, it could restore investor confidence and lead to a strong stock performance.

Bear Case

Continued losses and lack of revenue growth could lead to further declines in stock price, especially if the company fails to provide clear guidance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific strategies will MARA implement to improve its EPS and revenue growth this quarter?

Given the significant losses in previous quarters, any concrete plans for improvement will be closely scrutinized by investors.

How is the company addressing the challenges that led to its recent earnings misses?

Understanding the management's approach to overcoming past performance issues will be critical for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about MARA's recovery potential, given its recent EPS surprises. There could be significant upside if the company can effectively communicate a turnaround strategy.

Supporting Evidence

The options market is pricing in a 32.41% move, indicating expectations of volatility that may not align with the company's actual performance.

Despite recent losses, the stock has shown resilience with positive reactions following earnings misses, suggesting that investors may still hold hope for recovery.

Key Risk

If MARA can demonstrate a clear path to reducing losses and improving revenue, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around whether MARA can demonstrate a path to profitability after a series of disappointing earnings.

Bull Confirmed If

A reduction in EPS losses to below -$2.00 would indicate a positive shift in financial health.

Bear Confirmed If

If EPS remains worse than -$3.00, it would confirm ongoing struggles and likely lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±32.41%

Historical Avg

±3.9%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±32.4% while MARA has averaged ±3.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

62.1%

Calls (6.8M)P/C Ratio: 0.18Puts (2.2M)

Edge

Historical Setup Match

Cross-company pattern from 28 similar setups.

Prior-quarter miss + options pricing rich setup in Information Technology

n=28

Fade rate: 8 of 28 (29%)

This setup has occurred 28 times across Information Technology in the last 2 years. 20 of 28 (71%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 8.4%, with a raw directional average of +3.5% (modestly positive historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$1.0M

85,595 sh

3 insiders

Net

$1.0M

Net selling

Most Active Insiders· 3 open-market trades

General CounselNowaid Zabi
$505,080.00
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MARA beats expectations and raises guidance, history suggests the stock could see a positive reaction, potentially around +3.1%.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted response, reflecting uncertainty in the market.

Miss

If the company misses expectations again, the stock may decline, with historical patterns suggesting a drop of around +0.5%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on cost-cutting measures and their expected impact on EPS.
2Any updates on new product launches or market expansions.
3Management's assessment of competitive pressures in the application software space.
4Insights into customer acquisition and retention strategies.
5Guidance on future revenue targets and expected timelines for profitability.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

MARA Holdings, Inc. operates in the information technology sector, focusing on application software....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is essential to understand the company's market demand and overall business health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MARA Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-219.27%

Avg Stock Reaction

-0.90%

Last Quarter Recap

In Q1-2026, MARA reported an EPS of -$3.31, significantly missing expectations. The stock reacted positively, gaining 3.48% the following day despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations are cautious, given the company's recent history of earnings misses. Investors are likely looking for any signs of recovery or improvement in performance.

Bull Case

If MARA can show a significant turnaround in EPS and revenue growth, it could restore investor confidence and lead to a strong stock performance.

Bear Case

Continued losses and lack of revenue growth could lead to further declines in stock price, especially if the company fails to provide clear guidance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific strategies will MARA implement to improve its EPS and revenue growth this quarter?

Given the significant losses in previous quarters, any concrete plans for improvement will be closely scrutinized by investors.

How is the company addressing the challenges that led to its recent earnings misses?

Understanding the management's approach to overcoming past performance issues will be critical for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

Supporting Evidence

The options market is pricing in a 32.41% move, indicating expectations of volatility that may not align with the company's actual performance.

Despite recent losses, the stock has shown resilience with positive reactions following earnings misses, suggesting that investors may still hold hope for recovery.

Key Risk

If MARA can demonstrate a clear path to reducing losses and improving revenue, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around whether MARA can demonstrate a path to profitability after a series of disappointing earnings.

Bull Confirmed If

A reduction in EPS losses to below -$2.00 would indicate a positive shift in financial health.

Bear Confirmed If

If EPS remains worse than -$3.00, it would confirm ongoing struggles and likely lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±32.41%

Historical Avg

±3.9%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±32.4% while MARA has averaged ±3.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

62.1%

Calls (6.8M)P/C Ratio: 0.18Puts (2.2M)

Edge

Historical Setup Match

Cross-company pattern from 28 similar setups.

Prior-quarter miss + options pricing rich setup in Information Technology

n=28

Fade rate: 8 of 28 (29%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$1.0M

85,595 sh

3 insiders

Net

$1.0M

Net selling

Most Active Insiders· 3 open-market trades

General CounselNowaid Zabi
$505,080.00
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MARA beats expectations and raises guidance, history suggests the stock could see a positive reaction, potentially around +3.1%.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted response, reflecting uncertainty in the market.

Miss

If the company misses expectations again, the stock may decline, with historical patterns suggesting a drop of around +0.5%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on cost-cutting measures and their expected impact on EPS.
2Any updates on new product launches or market expansions.
3Management's assessment of competitive pressures in the application software space.
4Insights into customer acquisition and retention strategies.
5Guidance on future revenue targets and expected timelines for profitability.