MARA Holdings, Inc. MARA R2K
Financial Services · Capital Markets · United States
MARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is based in Hallandale Beach, Florida.
READ MORE ›$14.38
+1.84% 1Y
Market & Price
Market Cap
$5.48B
Current Price
$14.38
High / Low (52W)
$22.84 / $6.73
Beta
5.43
Valuation
Stock P/E
-
Industry PE
12.01
Forward P/E
-
PEG Ratio
0.10
Book Value
$5.86
Price to Book
2.45
P/S
6.32
EV/EBITDA
-10.11
Dividend Yield
-
Profitability & Returns
ROCE
-19.51%
ROE
-67.33%
ROA
-15.59%
Profit Margin
-
Op Margin
-
EPS (Latest Qtr)
$-3.31
EPS (TTM)
$-5.45
Balance Sheet & Liquidity
Debt/Equity
1.06
Quick Ratio
1.63
Current Ratio
1.84
Debt
$2.46B
Total Assets
$7.29B
Current Assets
$664.27M
Working Capital
$142.39M
Ownership
Promoter Holding
0.97%
Chg in Prom Hold
-
FII / Inst Holding
69.60%
Chg in FII Hold
-0.00%
Financial Snapshot
Enterprise Value
$7.53B
Total Revenue (TTM)
$867.82M
EBITDA
$-745.15M
Free Cash Flow
$-531.06M
Operating Cash Flow
$-834.73M
Shares Outstanding
381.27M
Gross Margin
45.33%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
97.50%
Profit 5Y
-29.66%
Revenue (YoY)
-18.40%
Earnings (YoY)
-
PROS
- Compounding revenue at 97.5% over 5 years.
CONS
- Earnings shrank at -29.7% CAGR over 5 years.
- Trading 37.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MARA MARA Holdings, Inc. R2K | 14.38 | - | $5.48B | - | -19.51% | -67.33% | 97.50% | -29.66% |
| 2 | JPM JPMorgan Chase & Co. SPX | 299.31 | 14.33 | $802.00B | 2.00% | - | 16.47% | 12.50% | 14.83% |
| 3 | V Visa Inc. SPX | 326.36 | 28.48 | $620.65B | 0.82% | 38.38% | 60.35% | 10.92% | 10.28% |
| 4 | MA Mastercard Incorporated SPX | 493.98 | 28.57 | $436.47B | 0.70% | 61.47% | - | 13.82% | 14.66% |
| 5 | MS Morgan Stanley SPX | 208.00 | 18.84 | $328.08B | 1.92% | - | 16.39% | 9.52% | 15.20% |
| 6 | GS The Goldman Sachs Group, Inc. SPX | 1,025.56 | 18.73 | $302.55B | 1.76% | - | 14.55% | 7.16% | 15.11% |
| 7 | WFC Wells Fargo & Company SPX | 77.54 | 11.98 | $237.29B | 2.32% | - | 12.03% | 4.02% | 15.98% |
| 8 | BLK BlackRock, Inc. SPX | 1,046.88 | 26.32 | $162.51B | 2.19% | 4.89% | 11.90% | 10.65% | 2.36% |
| 9 | SCHW The Charles Schwab Corporation SPX | 87.35 | 17.37 | $151.91B | 1.47% | - | 19.08% | 4.83% | 7.21% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | 368.80K | 162.71K | 239.97K | 688.50K | 338.67K | 230.69K | 355.76K | 321.72K | 592.49K | 286.16K | 835.18K | 9.15M | 29.32M | 51.71M | 51.72M | 24.92M | 12.69M | 28.42M | 18.93M | 9.54M | 5.05M | 43.20M | 24.91M | - | - | 213.88M | 238.49M | 252.41M | 202.31M | 174.61M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43.48M | 41.73M | 43.08M | 50.75M | 44.73M |
| Gross Profit | 2.07M | 7.87M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 170.40M | 196.75M | 209.33M | 151.56M | 129.88M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 344.13M | 357.06M | 365.65M | 483.37M | 387.97M |
| Operating Income | -315.73K | 2.06M | - | -6.30M | -8.57M | -3.09M | -4.92M | 14.01M | -10.74M | -2.81M | -2.93M | -3.92M | -1.85M | -4.32M | -1.50M | -984.91K | -740.60K | -807.86K | -1.09M | -1.79M | -1.99M | -47.06M | -110.29M | -22.44M | -20.22M | -198.15M | -44.02M | -410.93K | 122.08M | -6.07M | -80.16M | 369.70M | -232.40M | - | - | -173.73M | -160.31M | -156.32M | -331.81M | -258.09M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -484.78M | 1.19B | 340.88M | -1.59B | -1.09B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.94M | 12.84M | 12.76M | 12.85M | 10.72M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -652.62M | 1.02B | 160.81M | -1.89B | -1.29B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -119.17M | 208.50M | 37.68M | -183.39M | -30.93M |
| Net Income | -318.25K | 3.52M | -3.15M | -4.78M | -4.50M | -3.75M | -3.89M | 7.91M | -6.27M | -3.61M | -2.20M | -6.68M | -2.40M | -4.68M | -1.34M | -1.04M | -565.88K | -754.41K | -1.06M | -2.16M | -1.99M | 83.36M | -108.88M | -22.17M | -17.11M | -212.63M | -72.46M | -392.73M | 118.70M | -8.96M | -390.00K | 337.17M | -199.66M | - | - | -533.20M | 808.24M | 123.13M | -1.71B | -1.26B |
| Diluted EPS | - | 0.22 | - | -0.34 | -0.32 | -0.26 | -0.26 | 0.49 | - | -0.19 | -0.10 | - | - | - | - | - | - | - | - | - | - | 0.87 | - | - | -0.17 | -1.94 | -0.62 | - | 0.72 | -0.07 | -0.34 | 1.26 | -0.72 | - | - | -1.55 | 1.84 | 0.27 | -4.52 | -3.31 |
| R&D Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 209.00K | 651.00K | 713.00K | 2.47M | 3.85M | 2.81M | - | 9.30M | 8.55M | 8.72M | - | 8.25M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Oct 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 519.62K | 1.56M | 1.19M | 4.36M | - | 117.75M | 387.51M | 656.38M | 907.09M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | 151.42M | 0 | 98.16M | 179.04M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | -33.67M | 387.51M | 558.22M | 728.05M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | 82.87M | 498.08M | 1.03B | 1.55B |
| Operating Income | -30.93K | -5.54M | -3.68M | -6.21M | -25.68M | -15.58M | -14.18M | -12.08M | -4.24M | -9.82M | - | -116.54M | -110.57M | -467.60M | -822.17M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | -624.56M | 473.49M | 1.06B | -547.12M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | 14.98M | 10.35M | 13.00M | 48.38M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | -718.25M | 277.60M | 616.50M | -1.37B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | -24.23M | 16.43M | 75.50M | -56.38M |
| Net Income | -30.93K | -6.93M | -3.45M | -3.15M | -16.94M | -28.67M | -31.33M | -12.81M | -3.52M | -10.45M | - | -694.02M | 261.17M | 541.25M | -1.31B |
| Diluted EPS | - | - | - | -0.27 | -1.19 | -1.89 | - | - | -0.53 | -0.13 | - | -6.12 | 1.06 | 1.72 | -3.69 |
| R&D Expense | - | - | - | - | - | - | - | - | - | - | - | 98.00K | 2.81M | 13.23M | 30.12M |
Compounded Sales Growth
| 5 Years: | 97.50% |
| 1 Year: | -18.40% |
Compounded Profit Growth
| 5 Years: | -29.66% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +1.84% |
| 6 Months: | +28.74% |
| 3 Months: | +60.85% |
| 1 Month: | +34.14% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Oct 2010 | Oct 2011 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 24.65K | 3.40K | 152.65K | 4.02M | 12.96M | 60.79M | 47.23M | 18.29M | 15.06M | 5.19M | - | 6.62M | 313.25M | - | 1.20B | 1.99B | 6.80B | 7.29B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 277.55M | 1.03B | 470.37M | 664.27M |
| Cash & Equivalents | - | - | - | - | - | - | 2.60M | 5.00M | 14.95M | 2.55M | - | 692.96K | 141.32M | - | 103.70M | 357.31M | 391.77M | 547.13M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.00K | 0 | 6.34M | 18.54M |
| Total Liabilities | 1.38K | 11.05K | 256.97K | 87.82K | 785.61K | 36.53M | 34.55M | 27.58M | 7.67M | 2.27M | - | 2.97M | 1.51M | - | 809.30M | 375.05M | 2.67B | 3.81B |
| Current Liabilities | - | - | - | 87.82K | 754.95K | 21.95M | 16.95M | 20.46M | 7.67M | 2.27M | - | 1.85M | 1.44M | - | 26.11M | 33.76M | 95.20M | 521.88M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 782.17M | 325.65M | 2.45B | 3.20B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 783.51M | 326.13M | 2.47B | 3.65B |
| Total Equity | 23.28K | -7.65K | -104.32K | 3.94M | 12.18M | 24.25M | 12.68M | -9.29M | 7.39M | 2.92M | 2.16M | 3.65M | 311.74M | - | 385.94M | 1.62B | 4.13B | 3.47B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 145.57M | 242.83M | 340.26M | 379.46M |
Cash Flows (Annual)
Figures in USD.
| Metric | Oct 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -34.27K | -1.26M | -1.52M | 4.46M | -2.96M | 10.17M | -10.81M | -8.24M | -3.32M | -7.77M | - | -176.48M | -315.65M | -677.02M | -802.73M |
| Investing Cash Flow | - | -1.86M | -3.00M | - | - | -3.69M | -7.79K | -4.16M | 1.21M | -81.29M | - | -390.23M | 4.59M | -3.23B | -669.92M |
| Financing Cash Flow | 9.68K | 5.35M | 5.78M | - | - | -4.01M | 20.45M | - | 245.49K | 229.69M | - | 410.65M | 555.86M | 3.95B | 1.63B |
| Capital Expenditure | - | - | 17.00K | -52.96K | -58.39K | -8.39K | -7.79K | -5.25M | -5.22K | -17.74M | - | -41.11M | -27.61M | -253.46M | -407.07M |
| Free Cash Flow | - | - | -1.50M | 4.40M | -3.02M | 10.16M | -10.82M | -13.49M | -3.32M | -25.52M | - | -217.59M | -343.26M | -930.48M | -1.21B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | -156.05M | 244.81M | 46.46M | 155.36M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | - | - | 0 | 380.00K | 37.40M | 46.92M |
Ratios (Annual)
Figures in %.
| Metric | Oct 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | -28.6% | 100.0% | 85.0% | 80.3% |
| Operating Margin % | - | - | - | - | - | - | -2,729.6% | -772.9% | -357.7% | -225.3% | - | -99.0% | -28.5% | -71.2% | -90.6% |
| Net Margin % | - | - | - | - | - | - | -6,030.1% | -820.2% | -296.7% | -239.8% | - | -589.4% | 67.4% | 82.5% | -144.6% |
| ROE % | 404.3% | -175.9% | -28.3% | -13.0% | -133.6% | 308.7% | -424.1% | -438.7% | -96.4% | -3.4% | - | -179.8% | 16.2% | 13.1% | -37.8% |
| ROCE % | - | -141.0% | -30.1% | -16.0% | -84.8% | 717.3% | -192.0% | -413.4% | -88.9% | -3.1% | - | -10.0% | -5.6% | -7.0% | -12.2% |
Shareholding Pattern
Insiders
0.97%
Institutions
69.60%
Public Float
70.28%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 15.68% | 59.78M | $859.57M |
| 2 | Vanguard Portfolio Management LLC | 6.93% | 26.44M | $380.20M |
| 3 | Vanguard Capital Management LLC | 4.29% | 16.35M | $235.15M |
| 4 | State Street Corporation | 3.99% | 15.22M | $218.87M |
| 5 | Geode Capital Management, LLC | 2.71% | 10.32M | $148.33M |
| 6 | Marex Group Plc | 2.18% | 8.31M | $119.57M |
| 7 | UBS Group AG | 2.00% | 7.62M | $109.62M |
| 8 | Goldman Sachs Group Inc | 1.58% | 6.03M | $86.75M |
| 9 | Morgan Stanley | 1.37% | 5.22M | $75.05M |
| 10 | Bank of America Corporation | 1.33% | 5.09M | $73.18M |
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