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 profitability and will show how well the company is managing its costs.

-0.43

Revenue

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

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. As a player in the tech industry, its performance is influenced by trends in software development and digital solutions, which are critical as businesses increasingly rely on technology for operations.

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

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 earnings history.

Bull Case

If MARA can exceed revenue expectations and show signs of cost management, it could signal a turnaround, leading to a strong stock performance.

Bear Case

Continued losses and revenue falling short of expectations could further erode investor confidence, leading to a negative stock reaction.

Key Metrics to Watch

EPS

-0.43

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

210M

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS come in better than the consensus estimate of -0.43?

A smaller loss than expected could indicate improved operational efficiency and boost investor sentiment.

How does management plan to address the recent revenue challenges?

Understanding the company's strategy for revenue growth will be critical for assessing future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating MARA's potential for revenue recovery, given recent software demand trends.

Supporting Evidence

The options market indicates a high volatility expectation, which may not align with the consensus outlook.

Past performance shows that even significant EPS misses can lead to positive stock reactions, suggesting investor sentiment may be more forgiving.

The company has a history of surprising the market, which could lead to a reassessment of its growth potential.

Key Risk

If revenue comes in below $190 million, it could undermine the optimistic narrative surrounding the company's recovery.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining whether MARA can stabilize its financial performance amidst ongoing challenges.

Bull Confirmed If

Revenue exceeding $210 million with a clear path to profitability could confirm the bull case.

Bear Confirmed If

An EPS worse than -0.58 would reinforce the bear case.

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, suggesting that traders anticipate 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MARA beats expectations, history suggests the stock could rise by around 3.1%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 0.5%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost-cutting measures and their impact on future profitability.
2Insights into customer demand for MARA's software solutions.
3Management's commentary on competitive positioning in the software market.
4Details on any new product launches or innovations planned for the upcoming quarters.
5Clarification on the company's long-term growth strategy and revenue targets.

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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 profitability and will show how well the company is managing its costs.

-0.43

Revenue

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

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, gaining 3.48% the following day despite the disappointing results.

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 earnings history.

Bull Case

If MARA can exceed revenue expectations and show signs of cost management, it could signal a turnaround, leading to a strong stock performance.

Bear Case

Continued losses and revenue falling short of expectations could further erode investor confidence, leading to a negative stock reaction.

Key Metrics to Watch

EPS

-0.43

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

210M

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS come in better than the consensus estimate of -0.43?

A smaller loss than expected could indicate improved operational efficiency and boost investor sentiment.

How does management plan to address the recent revenue challenges?

Understanding the company's strategy for revenue growth will be critical for assessing future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating MARA's potential for revenue recovery, given recent software demand trends.

Supporting Evidence

The options market indicates a high volatility expectation, which may not align with the consensus outlook.

Past performance shows that even significant EPS misses can lead to positive stock reactions, suggesting investor sentiment may be more forgiving.

The company has a history of surprising the market, which could lead to a reassessment of its growth potential.

Key Risk

If revenue comes in below $190 million, it could undermine the optimistic narrative surrounding the company's recovery.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining whether MARA can stabilize its financial performance amidst ongoing challenges.

Bull Confirmed If

Revenue exceeding $210 million with a clear path to profitability could confirm the bull case.

Bear Confirmed If

An EPS worse than -0.58 would reinforce the bear case.

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, suggesting that traders anticipate 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MARA beats expectations, history suggests the stock could rise by around 3.1%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 0.5%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost-cutting measures and their impact on future profitability.
2Insights into customer demand for MARA's software solutions.
3Management's commentary on competitive positioning in the software market.
4Details on any new product launches or innovations planned for the upcoming quarters.
5Clarification on the company's long-term growth strategy and revenue targets.