The latest data point for MARA's revenue in Q1'26 shows $174.6M USD, reflecting a decline from the previous quarter's $202.3M USD and marking the second consecutive quarter of year-over-year contraction with a -18.4% growth rate. Over the period from Q2'23 to Q1'26, revenue exhibited strong initial growth, rising from $81.8M USD to a peak of $252.4M USD in Q3'25, driven by positive YoY increases up to 671% in Q3'23, before entering a volatile phase with a sharp 20% drop in Q4'25 and further softening to -18.4% in Q1'26, indicating potential market headwinds or operational challenges amid an overall upward trend that has since reversed. This bar chart highlights the transition from expansion to contraction, with line overlays underscoring diminishing growth momentum since mid-2024.