Company research / MARA

MARA Holdings, Inc. (MARA)

CIK 0001507605 · Nasdaq · Finance Services

  • Sector Finance & Real Estate
  • Incorporated NV
  • Fiscal year ends around Dec 31

For the year ended 2025-12-31, MARA Holdings, Inc. reported revenue of $907.09M. Revenue grew 38.2% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $804.22M.

Key ratios (year ended 2025-12-31)

-135.0%
Operating margin
-144.6%
Net margin
-37.8%
Return on year-end equity
38.2%
Revenue growth (YoY)

Beyond the statements

Follow the company.

Explore new filings, reported insider transactions and company relationships.

Open company research ↗

Latest selected filing: Form 4 (ownership change) · 2026-10-07

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 2-for-1, first reflected in a filing dated 2015-03-26. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$804.22M$907.09M$656.38M$387.51M$117.75M$159.16M$4.36M$1.19M$1.56M$519.6K$36.63M
Cost of Revenuen/an/a$815.75M$402.85M$151.42M$42.40M$6.92Mn/an/an/an/a
Gross Profitn/an/a-$159.37M-$15.34M-$33.67M$116.77M-$2.56Mn/an/an/an/a
R&D Expense$27.69M$30.12M$13.23M$2.81M$98.0Kn/an/an/an/an/an/a
Operating Income-$2.95B-$1.22B$306.11M$220.91M-$673.54M-$2.99M-$9.82M-$4.24M-$12.08M-$14.18M-$15.58M
Depreciation & Amortization$819.35M$772.77M$429.19M$185.54M$78.71M$14.90M$3.06Mn/an/an/an/a
EBITDA-$2.13B-$451.48M$735.30M$406.45M-$594.83M$11.92M-$6.75Mn/an/an/an/a
Net Incomen/a-$1.31B$541.25M$261.17M-$694.02M-$29.81M-$10.45M-$3.52M-$12.81M-$31.33M-$28.67M
EPS (Diluted)n/a-$3.69$1.72$1.06-$6.12-$0.30-$0.13-$0.53n/an/a-$1.89
Total Assets$4.35B$7.29B$6.80B$1.99B$1.20B$1.44B$313.25M$6.62M$5.19M$15.06M$18.29M
Total Liabilitiesn/an/an/an/an/a$765.22M$1.51M$2.97M$2.27M$7.67M$27.58M
Long-Term Debt$2.42B$3.60B$2.45B$325.65M$782.17M$728.41Mn/a$999.1K$999.1K$1.76Mn/a
Shareholders' Equity$1.66B$3.47B$4.13B$1.62B$385.94M$682.10M$311.74M$3.65M$2.92M$7.39M-$9.12M
Cash & Equivalents$421.27M$547.13M$391.77M$357.31M$103.70M$268.56M$141.32M$693.0K$2.55M$14.95M$5.00M
Operating Cash Flow-$895.05M-$802.73M-$677.02M-$315.65M-$176.48M-$18.96M-$7.77M-$3.32M-$8.24M-$10.81M$10.17M
Capital Expenditures$343.60M$407.07M$250.82M$27.61M$41.11M$273.85M$17.74M$5.2K$5.25M$7.8K$8.4K
Free Cash Flow-$1.24B-$1.21B-$927.85M-$343.26M-$217.59M-$292.81M-$25.52M-$3.32M-$13.49M-$10.82M$10.16M
Share Repurchases$26.52M$46.92M$37.40M$380.0K$0n/an/an/an/an/an/a
Shares Outstanding381.89M379.46M340.26M242.83M145.57M102.73M81.97M8.46M6.38M12.48M4.64M
Weighted Average Diluted Sharesn/a355.17M311.84M192.29M113.47M99.34M81.41M6.66Mn/an/a15.18M
EPS (Basic)n/a-$3.69$1.87$1.41-$6.12-$0.30-$0.13-$0.53n/an/a-$1.89

Price chart

Chart and quotes by TradingView. Exchange coverage and delays vary.

Open chart on TradingView