Equity Profile

MARA

MARA Holdings, Inc.

Information TechnologyApplication Software$3.6B

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

EPS

Earnings per share (EPS) is a key indicator of the company's profitability and financial health.

$-0.43

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$210M

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 plays a role in the growing demand for software solutions, particularly in an era where digital transformation is crucial for businesses.

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 the next day, gaining 3.48%.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect MARA to report a loss this quarter, with a consensus EPS of $-0.43 and revenue of $210 million. The market is cautious given the company's recent performance.

Bull Case

If MARA can exceed revenue expectations and show signs of improving profitability, it could signal a turnaround that investors might welcome.

Bear Case

A larger-than-expected loss or declining revenue could further erode investor confidence, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$-0.43

Earnings per share (EPS) is a key indicator of the company's profitability and financial health.

Revenue

$210M

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will MARA's revenue meet or exceed the consensus estimate of $210 million?

Revenue performance is critical for assessing the company's market demand and growth potential.

What specific steps is management taking to improve profitability and reduce losses?

Investors will be looking for concrete plans that could lead to a turnaround in the company's financial performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for MARA to rebound from its recent losses, as the company has historically shown the ability to surprise on revenue.

Supporting Evidence

Options are pricing a 32.4% move, indicating high expectations that may not align with the company's actual performance.

The stock has reacted positively to significant misses in the past, suggesting a potential for recovery.

Key Risk

If revenue exceeds $210 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it could either reinforce or challenge the current market sentiment surrounding MARA's financial recovery.

Bull Confirmed If

Revenue exceeding $210 million with a path to reducing EPS losses significantly.

Bear Confirmed If

EPS loss greater than $-0.43 and revenue falling below $190 million.

Pre-Earnings Positioning

Options Market

Implied Move

±32.41%

Historical Avg

±3.9%

Pricing rich

The options market is pricing in a significant move, suggesting 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 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).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MARA beats expectations, history suggests a potential stock increase of around 3.1%, confirming a positive outlook.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors assess management's commentary for future guidance.

Miss

If the company misses expectations, history suggests a potential decline of about 0.5%, indicating further concerns about profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or software solutions that could drive revenue.
2Management's commentary on cost-cutting measures and their impact on profitability.
3Insights into customer acquisition and retention strategies.
4Any guidance on expected revenue growth for the upcoming quarters.
5Details on market trends that could affect demand for their software.

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

EPS

Earnings per share (EPS) is a key indicator of the company's profitability and financial health.

$-0.43

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$210M

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 the next day, gaining 3.48%.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect MARA to report a loss this quarter, with a consensus EPS of $-0.43 and revenue of $210 million. The market is cautious given the company's recent performance.

Bull Case

If MARA can exceed revenue expectations and show signs of improving profitability, it could signal a turnaround that investors might welcome.

Bear Case

A larger-than-expected loss or declining revenue could further erode investor confidence, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$-0.43

Earnings per share (EPS) is a key indicator of the company's profitability and financial health.

Revenue

$210M

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will MARA's revenue meet or exceed the consensus estimate of $210 million?

Revenue performance is critical for assessing the company's market demand and growth potential.

What specific steps is management taking to improve profitability and reduce losses?

Investors will be looking for concrete plans that could lead to a turnaround in the company's financial performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for MARA to rebound from its recent losses, as the company has historically shown the ability to surprise on revenue.

Supporting Evidence

Options are pricing a 32.4% move, indicating high expectations that may not align with the company's actual performance.

The stock has reacted positively to significant misses in the past, suggesting a potential for recovery.

Key Risk

If revenue exceeds $210 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it could either reinforce or challenge the current market sentiment surrounding MARA's financial recovery.

Bull Confirmed If

Revenue exceeding $210 million with a path to reducing EPS losses significantly.

Bear Confirmed If

EPS loss greater than $-0.43 and revenue falling below $190 million.

Pre-Earnings Positioning

Options Market

Implied Move

±32.41%

Historical Avg

±3.9%

Pricing rich

The options market is pricing in a significant move, suggesting 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 in Information Technology

n=28

Fade rate: 8 of 28 (29%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MARA beats expectations, history suggests a potential stock increase of around 3.1%, confirming a positive outlook.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors assess management's commentary for future guidance.

Miss

If the company misses expectations, history suggests a potential decline of about 0.5%, indicating further concerns about profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or software solutions that could drive revenue.
2Management's commentary on cost-cutting measures and their impact on profitability.
3Insights into customer acquisition and retention strategies.
4Any guidance on expected revenue growth for the upcoming quarters.
5Details on market trends that could affect demand for their software.