Marathon Digital Holdings, Inc. (MARA) 10-Year Financial Performance & Capital Metrics

MARA • • Banking & Credit

Financial ServicesCapital MarketsBitcoin Mining and Data Centers

AboutMarathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.Show more

Net Interest Income $0 -100.0%
Total Revenue $907M +38.2%
Net Income -$1.31B -342.3%
Return on Equity -
Net Interest Margin 0% -100.0%
Efficiency Ratio 41.9% +159.1%
ROA -18.15% -247.4%
Equity / Assets 0% -100.0%
Book Value per Share -
Tangible BV/Share -0.31 -102.4%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 22.5%
✓Efficient operations: 41.9% efficiency ratio
✓Diversified revenue: 93.8% from non-interest income

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Weak momentum: RS Rating 15 (bottom 15%)
✗Thin capital base
✗Shares diluted 13.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y47.21%

5Y190.87%

3Y97.5%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-342.3%

EPS CAGR

10Y-

5Y-

3Y-

TTM-59.12%

ROCE

10Y Avg-106.03%

5Y Avg-10.95%

3Y Avg1.2%

Latest-17.6%

Peer Comparison

Bitcoin Mining and Data Centers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
IRENIREN Limited	13.61B	40.95	105	167.65%	17.35%	-0.64%	0.53
RIOTRiot Platforms, Inc.	6.05B	16.29	47.91	34.2%	29.05%	4.68%	0.20
BTBTBit Digital, Inc.	537.95M	1.67	8.35	264.59%	17.29%	13.1%	0.03
FUFUBitFuFu Inc.	386.56M	2.37	7.18	63.08%	11.65%	11.43%	0.22
ABTCAmerican Bitcoin Corp	199.29M	1.02	2.17	10.09%	6%	-17.73%	0.01
BMNRBitmine Immersion Technologies, Inc.	7.75B	18.98	1.42	84.12%	57.19%	-43.15%
CLSKWCleanSpark, Inc.	88.85M	0.31	0.28	102.21%	47.56%	-18.88%	0.38
ARBKArgo Blockchain plc	954.21K	2.86	-0.01	-15.95%	-113.58%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Net Interest Income+	-3.14M	-4.87M	-2.36M	-18.26K	-2.64K	-891.59K	-13.96M	-7.54M	3.71M	0
NII Growth %	26.12%	-55.23%	51.58%	99.23%	85.54%	-33659.37%	-1465.75%	45.98%	149.26%	-100%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	4.35K	2.79K	14.23K	33.65K	18.34K	677.41K	1.02M	2.81M	16.71M	55.85M
Interest Expense	3.14M	4.87M	2.37M	51.91K	20.98K	1.57M	14.98M	10.35M	13M	-48.38M
Loan Loss Provision	28.86M	2.96M	2.96M	3.91M	6.89M	40.83M	136.44M	392.5M	802.75M	48.38M
Non-Interest Income+	36.62M	516.83K	1.55M	1.15M	4.34M	158.49M	116.73M	384.7M	639.67M	851.24M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	36.63M	519.62K	1.56M	1.19M	4.36M	159.16M	117.75M	387.51M	656.38M	907.09M
Revenue Growth %	93.01%	-98.58%	200.67%	-24.14%	267.61%	3553.04%	-26.02%	229.09%	69.38%	38.2%
Non-Interest Expense	20.21M	6.87M	8.3M	1.47M	7.26M	174.35M	639.87M	-236.25M	-465.48M	380.06M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-15.58M	-14.18M	-12.08M	-4.24M	-9.82M	-57.59M	-673.54M	220.91M	306.11M	-1.22B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	39.32%	8.98%	14.86%	64.9%	-131.61%	-486.55%	-1069.61%	132.8%	38.57%	-499.94%
Pretax Income+	-17.31M	-31.44M	-12.75M	-3.52M	-10.45M	-14.52M	-718.25M	277.6M	616.5M	-1.37B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	11.52M	-103.95K	69.13K	0	2K	22.58M	-24.23M	16.43M	75.5M	56.38M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-28.67M	-31.33M	-12.81M	-3.52M	-10.45M	-37.1M	-694.02M	261.17M	541.25M	-1.31B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-69.22%	-9.31%	59.1%	72.55%	-197.07%	-255.05%	-1770.88%	137.63%	107.24%	-342.3%
Net Income (Continuing)	-28.83M	-31.33M	-12.81M	-3.52M	-10.45M	-37.1M	-694.02M	261.17M	541.01M	-1.31B
EPS (Diluted)+	-30.22	-19.22	-2.41	-0.61	-0.13	-0.37	-6.12	1.06	1.72	-3.69
EPS Growth %	-58.39%	36.4%	87.46%	74.69%	78.69%	-184.62%	-1554.05%	117.32%	62.26%	-314.53%
EPS (Basic)	-30.22	-19.22	-2.41	-0.61	-0.13	-0.37	-6.12	1.41	1.87	-3.69
Diluted Shares Outstanding	948.63K	1.63M	5.32M	6.66M	81.41M	99.34M	113.47M	192.29M	311.84M	355.17M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash & Short Term Investments+	5M	14.95M	2.55M	692.96K	141.32M	587.7M	103.7M	357.31M	391.77M	0
Cash & Due from Banks	5M	14.95M	2.55M	692.96K	141.32M	268.56M	103.7M	357.31M	391.77M	0
Short Term Investments	0	0	0	1.14K	0	319.14M	0	0	0	0
Total Investments+	0	0	0	1.14K	0	322.14M	37M	106.29M	3.34B	0
Investments Growth %	-	-	-	-	-100%	-	-88.51%	187.28%	3038.04%	-100%
Long-Term Investments	0	0	0	0	0	3M	37M	106.29M	3.34B	0
Accounts Receivables	95.07K	6.83K	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	222.84K	0	0	0	0	0	0	0	82.75M	109.03M
Intangible Assets	12.31M	10.01K	1.14M	1.07M	1M	931K	206K	242K	2.71M	0
PP&E (Net)	28.33K	10.01K	1.03M	4.05M	17.42M	276.24M	274.3M	672.22M	1.57B	0
Other Assets	201.2K	-10.01K	0	0	8.41M	479.92M	606.19M	182.66M	1.34B	0
Total Current Assets	5.52M	15.05M	3.02M	1.49M	286.41M	684.24M	277.55M	1.03B	470.37M	0
Total Non-Current Assets	12.77M	10.01K	2.18M	5.13M	26.84M	760.09M	917.7M	961.17M	6.33B	109.03M
Total Assets+	18.29M	15.06M	5.19M	6.62M	313.25M	1.44B	1.2B	1.99B	6.8B	7.65B
Asset Growth %	-61.28%	-17.66%	-65.5%	27.44%	4631.92%	361.08%	-17.25%	66.57%	241.61%	12.5%
Return on Assets (ROA)	-87.51%	-187.93%	-126.54%	-59.54%	-6.53%	-4.22%	-52.59%	16.39%	12.31%	-18.15%
Accounts Payable	7.22M	1.96M	1.24M	1.24M	999.74K	7.77M	1.31M	11.34M	12.56M	0
Total Debt+	17.83M	1.76M	999.11K	1.21M	184.1K	728.41M	783.51M	326.13M	2.47B	0
Net Debt	12.83M	-13.18M	-1.55M	514.58K	-141.14M	459.85M	679.81M	-31.18M	2.08B	0
Long-Term Debt	4.67M	0	0	999.11K	62.5K	728.41M	782.17M	325.65M	2.45B	0
Short-Term Debt	13.16M	1.76M	999.11K	0	0	0	0	124K	0	0
Other Liabilities	2.44M	0	0	0	0	0	0	0	8.41M	0
Total Current Liabilities	20.46M	7.67M	2.27M	1.85M	1.44M	11.25M	26.11M	33.76M	95.2M	447.66M
Total Non-Current Liabilities	7.11M	3.73M	999.11K	1.12M	62.5K	750.98M	783.19M	341.29M	2.57B	0
Total Liabilities	27.58M	7.67M	2.27M	2.97M	1.51M	762.23M	809.3M	375.05M	2.67B	0
Total Equity+	-9.29M	7.39M	2.92M	3.65M	311.74M	682.1M	385.94M	1.62B	4.14B	0
Equity Growth %	-173.27%	179.55%	-60.47%	24.88%	8446.41%	118.8%	-43.42%	318.7%	155.95%	-100%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-1691.85%	-424.11%	-248.6%	-107.09%	-6.63%	-7.47%	-129.96%	26.09%	18.82%	-
Book Value per Share	-9.79	4.53	0.55	0.55	3.83	6.87	3.40	8.40	13.26	-
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.88K	1.25K	2.55K	846	8.2K	10K	15K	24K	34K	-1.31B
Additional Paid-in Capital	49.88M	97.11M	105.46M	109.71M	428.24M	835.69M	1.23B	2.18B	4.16B	0
Retained Earnings	-57.94M	-89.28M	-102.09M	-105.61M	-116.06M	-153.6M	-840.34M	-567.64M	-26.39M	0
Accumulated OCI	-1.06M	-450.73K	-450.72K	-450.72K	-450.72K	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	10.17M	-10.81M	-8.24M	-3.32M	-7.77M	-18.22M	-176.48M	-315.65M	-677.02M	0
Operating CF Growth %	443.53%	-206.25%	23.78%	59.72%	-134.24%	-134.36%	-868.69%	-78.86%	-114.48%	100%
Net Income	-28.83M	-31.33M	-12.81M	-3.52M	-10.45M	-36.17M	-686.74M	261.17M	541.01M	-4.7M
Depreciation & Amortization	7.46M	1.85M	2.07M	1.08M	3.16M	15.1M	78.71M	179.51M	426.63M	772.77M
Deferred Taxes	11.39M	0	0	385.45K	1.17M	23.02M	-22.57M	15.29M	73.22M	56.38M
Other Non-Cash Items	15.82M	17.33M	5.82M	-507.86K	992.99K	-43.25M	606.1M	-391.92M	-1.7B	-1.07B
Working Capital Changes	2.38M	-629.24K	-4.74M	-1.69M	-3.82M	-137.7M	-176.57M	-412.35M	-173.89M	250.23M
Cash from Investing+	-3.69M	-7.79K	-4.16M	1.21M	-81.29M	-891.92M	-390.23M	4.59M	-3.23B	21.24M
Purchase of Investments	0	0	0	0	0	-153M	-500K	-71.8M	-1.98B	7.69M
Sale/Maturity of Investments	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	-3M	-44M	-71.8M	-335.63M	22.23M
Other Investing	-3.68M	0	-250K	0	0	-30M	-1.15B	-89.15M	873K	0
Cash from Financing+	-4.01M	20.45M	0	245.49K	229.69M	1.04B	410.65M	555.86M	3.95B	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	-15.75M	-34.86M	0
Stock Issued	4.65M	16.07M	0	255.89K	222.89M	312.2M	361.49M	621.99M	1.85B	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	0	0	63K	1000K	1000K	-1000K	1000K	0
Other Financing	46.67K	158.51K	0	-10.4K	-500	313.64M	-81K	-380K	4.61M	0
Net Change in Cash+	2.44M	9.95M	-12.4M	-1.86M	140.63M	127.2M	-156.05M	244.81M	46.46M	0
Exchange Rate Effect	-31.81K	317.87K	15	0	0	0	0	0	0	0
Cash at Beginning	2.56M	5M	14.95M	2.55M	692.96K	141.32M	268.56M	112.5M	357.31M	0
Cash at End	5M	14.95M	2.55M	692.96K	141.32M	268.52M	112.5M	357.31M	403.77M	0
Interest Paid	1.92M	1.54M	0	0	0	0	11.43M	7.39M	678K	0
Income Taxes Paid	43.05K	5.46K	0	0	0	0	7K	723K	1.15M	0
Free Cash Flow+	6.48M	-10.82M	-13.74M	-3.32M	-91.16M	-727.14M	-217.59M	-343.26M	-930.48M	0
FCF Growth %	314.69%	-266.84%	-27.03%	75.81%	-2642.69%	-697.62%	70.08%	-57.76%	-171.07%	100%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-1691.85%	-424.11%	-248.6%	-107.09%	-6.63%	-7.47%	-129.96%	26.09%	18.82%	-
Return on Assets (ROA)	-87.51%	-187.93%	-126.54%	-59.54%	-6.53%	-4.22%	-52.59%	16.39%	12.31%	-18.15%
Net Interest Margin	-17.15%	-32.33%	-45.38%	-0.28%	-0%	-0.06%	-1.17%	-0.38%	0.05%	0%
Efficiency Ratio	55.18%	1322.09%	531.41%	123.75%	166.63%	109.54%	543.4%	-60.97%	-70.92%	41.9%
Equity / Assets	-50.78%	49.06%	56.23%	55.1%	99.52%	47.23%	32.29%	81.16%	60.81%	0%
Book Value / Share	-9.79	4.53	0.55	0.55	3.83	6.87	3.4	8.4	13.26	-
NII Growth	26.12%	-55.23%	51.58%	99.23%	85.54%	-33659.37%	-1465.75%	45.98%	149.26%	-100%

US Stock Screener

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Marathon Digital Holdings, Inc. (MARA) 10-Year Financial Performance & Capital Metrics

MARA • • Banking & Credit

Financial ServicesCapital MarketsBitcoin Mining and Data Centers

Net Interest Income $0 -100.0%
Total Revenue $907M +38.2%
Net Income -$1.31B -342.3%
Return on Equity -
Net Interest Margin 0% -100.0%
Efficiency Ratio 41.9% +159.1%
ROA -18.15% -247.4%
Equity / Assets 0% -100.0%
Book Value per Share -
Tangible BV/Share -0.31 -102.4%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 22.5%
✓Efficient operations: 41.9% efficiency ratio
✓Diversified revenue: 93.8% from non-interest income

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Weak momentum: RS Rating 15 (bottom 15%)
✗Thin capital base
✗Shares diluted 13.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y47.21%

5Y190.87%

3Y97.5%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-342.3%

EPS CAGR

10Y-

5Y-

3Y-

TTM-59.12%

ROCE

10Y Avg-106.03%

5Y Avg-10.95%

3Y Avg1.2%

Latest-17.6%

Peer Comparison

Bitcoin Mining and Data Centers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
IRENIREN Limited	13.61B	40.95	105	167.65%	17.35%	-0.64%	0.53
RIOTRiot Platforms, Inc.	6.05B	16.29	47.91	34.2%	29.05%	4.68%	0.20
BTBTBit Digital, Inc.	537.95M	1.67	8.35	264.59%	17.29%	13.1%	0.03
FUFUBitFuFu Inc.	386.56M	2.37	7.18	63.08%	11.65%	11.43%	0.22
ABTCAmerican Bitcoin Corp	199.29M	1.02	2.17	10.09%	6%	-17.73%	0.01
BMNRBitmine Immersion Technologies, Inc.	7.75B	18.98	1.42	84.12%	57.19%	-43.15%
CLSKWCleanSpark, Inc.	88.85M	0.31	0.28	102.21%	47.56%	-18.88%	0.38
ARBKArgo Blockchain plc	954.21K	2.86	-0.01	-15.95%	-113.58%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Net Interest Income+	-3.14M	-4.87M	-2.36M	-18.26K	-2.64K	-891.59K	-13.96M	-7.54M	3.71M	0
NII Growth %	26.12%	-55.23%	51.58%	99.23%	85.54%	-33659.37%	-1465.75%	45.98%	149.26%	-100%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	4.35K	2.79K	14.23K	33.65K	18.34K	677.41K	1.02M	2.81M	16.71M	55.85M
Interest Expense	3.14M	4.87M	2.37M	51.91K	20.98K	1.57M	14.98M	10.35M	13M	-48.38M
Loan Loss Provision	28.86M	2.96M	2.96M	3.91M	6.89M	40.83M	136.44M	392.5M	802.75M	48.38M
Non-Interest Income+	36.62M	516.83K	1.55M	1.15M	4.34M	158.49M	116.73M	384.7M	639.67M	851.24M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	36.63M	519.62K	1.56M	1.19M	4.36M	159.16M	117.75M	387.51M	656.38M	907.09M
Revenue Growth %	93.01%	-98.58%	200.67%	-24.14%	267.61%	3553.04%	-26.02%	229.09%	69.38%	38.2%
Non-Interest Expense	20.21M	6.87M	8.3M	1.47M	7.26M	174.35M	639.87M	-236.25M	-465.48M	380.06M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-15.58M	-14.18M	-12.08M	-4.24M	-9.82M	-57.59M	-673.54M	220.91M	306.11M	-1.22B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	39.32%	8.98%	14.86%	64.9%	-131.61%	-486.55%	-1069.61%	132.8%	38.57%	-499.94%
Pretax Income+	-17.31M	-31.44M	-12.75M	-3.52M	-10.45M	-14.52M	-718.25M	277.6M	616.5M	-1.37B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	11.52M	-103.95K	69.13K	0	2K	22.58M	-24.23M	16.43M	75.5M	56.38M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-28.67M	-31.33M	-12.81M	-3.52M	-10.45M	-37.1M	-694.02M	261.17M	541.25M	-1.31B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-69.22%	-9.31%	59.1%	72.55%	-197.07%	-255.05%	-1770.88%	137.63%	107.24%	-342.3%
Net Income (Continuing)	-28.83M	-31.33M	-12.81M	-3.52M	-10.45M	-37.1M	-694.02M	261.17M	541.01M	-1.31B
EPS (Diluted)+	-30.22	-19.22	-2.41	-0.61	-0.13	-0.37	-6.12	1.06	1.72	-3.69
EPS Growth %	-58.39%	36.4%	87.46%	74.69%	78.69%	-184.62%	-1554.05%	117.32%	62.26%	-314.53%
EPS (Basic)	-30.22	-19.22	-2.41	-0.61	-0.13	-0.37	-6.12	1.41	1.87	-3.69
Diluted Shares Outstanding	948.63K	1.63M	5.32M	6.66M	81.41M	99.34M	113.47M	192.29M	311.84M	355.17M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash & Short Term Investments+	5M	14.95M	2.55M	692.96K	141.32M	587.7M	103.7M	357.31M	391.77M	0
Cash & Due from Banks	5M	14.95M	2.55M	692.96K	141.32M	268.56M	103.7M	357.31M	391.77M	0
Short Term Investments	0	0	0	1.14K	0	319.14M	0	0	0	0
Total Investments+	0	0	0	1.14K	0	322.14M	37M	106.29M	3.34B	0
Investments Growth %	-	-	-	-	-100%	-	-88.51%	187.28%	3038.04%	-100%
Long-Term Investments	0	0	0	0	0	3M	37M	106.29M	3.34B	0
Accounts Receivables	95.07K	6.83K	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	222.84K	0	0	0	0	0	0	0	82.75M	109.03M
Intangible Assets	12.31M	10.01K	1.14M	1.07M	1M	931K	206K	242K	2.71M	0
PP&E (Net)	28.33K	10.01K	1.03M	4.05M	17.42M	276.24M	274.3M	672.22M	1.57B	0
Other Assets	201.2K	-10.01K	0	0	8.41M	479.92M	606.19M	182.66M	1.34B	0
Total Current Assets	5.52M	15.05M	3.02M	1.49M	286.41M	684.24M	277.55M	1.03B	470.37M	0
Total Non-Current Assets	12.77M	10.01K	2.18M	5.13M	26.84M	760.09M	917.7M	961.17M	6.33B	109.03M
Total Assets+	18.29M	15.06M	5.19M	6.62M	313.25M	1.44B	1.2B	1.99B	6.8B	7.65B
Asset Growth %	-61.28%	-17.66%	-65.5%	27.44%	4631.92%	361.08%	-17.25%	66.57%	241.61%	12.5%
Return on Assets (ROA)	-87.51%	-187.93%	-126.54%	-59.54%	-6.53%	-4.22%	-52.59%	16.39%	12.31%	-18.15%
Accounts Payable	7.22M	1.96M	1.24M	1.24M	999.74K	7.77M	1.31M	11.34M	12.56M	0
Total Debt+	17.83M	1.76M	999.11K	1.21M	184.1K	728.41M	783.51M	326.13M	2.47B	0
Net Debt	12.83M	-13.18M	-1.55M	514.58K	-141.14M	459.85M	679.81M	-31.18M	2.08B	0
Long-Term Debt	4.67M	0	0	999.11K	62.5K	728.41M	782.17M	325.65M	2.45B	0
Short-Term Debt	13.16M	1.76M	999.11K	0	0	0	0	124K	0	0
Other Liabilities	2.44M	0	0	0	0	0	0	0	8.41M	0
Total Current Liabilities	20.46M	7.67M	2.27M	1.85M	1.44M	11.25M	26.11M	33.76M	95.2M	447.66M
Total Non-Current Liabilities	7.11M	3.73M	999.11K	1.12M	62.5K	750.98M	783.19M	341.29M	2.57B	0
Total Liabilities	27.58M	7.67M	2.27M	2.97M	1.51M	762.23M	809.3M	375.05M	2.67B	0
Total Equity+	-9.29M	7.39M	2.92M	3.65M	311.74M	682.1M	385.94M	1.62B	4.14B	0
Equity Growth %	-173.27%	179.55%	-60.47%	24.88%	8446.41%	118.8%	-43.42%	318.7%	155.95%	-100%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-1691.85%	-424.11%	-248.6%	-107.09%	-6.63%	-7.47%	-129.96%	26.09%	18.82%	-
Book Value per Share	-9.79	4.53	0.55	0.55	3.83	6.87	3.40	8.40	13.26	-
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.88K	1.25K	2.55K	846	8.2K	10K	15K	24K	34K	-1.31B
Additional Paid-in Capital	49.88M	97.11M	105.46M	109.71M	428.24M	835.69M	1.23B	2.18B	4.16B	0
Retained Earnings	-57.94M	-89.28M	-102.09M	-105.61M	-116.06M	-153.6M	-840.34M	-567.64M	-26.39M	0
Accumulated OCI	-1.06M	-450.73K	-450.72K	-450.72K	-450.72K	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	10.17M	-10.81M	-8.24M	-3.32M	-7.77M	-18.22M	-176.48M	-315.65M	-677.02M	0
Operating CF Growth %	443.53%	-206.25%	23.78%	59.72%	-134.24%	-134.36%	-868.69%	-78.86%	-114.48%	100%
Net Income	-28.83M	-31.33M	-12.81M	-3.52M	-10.45M	-36.17M	-686.74M	261.17M	541.01M	-4.7M
Depreciation & Amortization	7.46M	1.85M	2.07M	1.08M	3.16M	15.1M	78.71M	179.51M	426.63M	772.77M
Deferred Taxes	11.39M	0	0	385.45K	1.17M	23.02M	-22.57M	15.29M	73.22M	56.38M
Other Non-Cash Items	15.82M	17.33M	5.82M	-507.86K	992.99K	-43.25M	606.1M	-391.92M	-1.7B	-1.07B
Working Capital Changes	2.38M	-629.24K	-4.74M	-1.69M	-3.82M	-137.7M	-176.57M	-412.35M	-173.89M	250.23M
Cash from Investing+	-3.69M	-7.79K	-4.16M	1.21M	-81.29M	-891.92M	-390.23M	4.59M	-3.23B	21.24M
Purchase of Investments	0	0	0	0	0	-153M	-500K	-71.8M	-1.98B	7.69M
Sale/Maturity of Investments	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	-3M	-44M	-71.8M	-335.63M	22.23M
Other Investing	-3.68M	0	-250K	0	0	-30M	-1.15B	-89.15M	873K	0
Cash from Financing+	-4.01M	20.45M	0	245.49K	229.69M	1.04B	410.65M	555.86M	3.95B	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	-15.75M	-34.86M	0
Stock Issued	4.65M	16.07M	0	255.89K	222.89M	312.2M	361.49M	621.99M	1.85B	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	0	0	63K	1000K	1000K	-1000K	1000K	0
Other Financing	46.67K	158.51K	0	-10.4K	-500	313.64M	-81K	-380K	4.61M	0
Net Change in Cash+	2.44M	9.95M	-12.4M	-1.86M	140.63M	127.2M	-156.05M	244.81M	46.46M	0
Exchange Rate Effect	-31.81K	317.87K	15	0	0	0	0	0	0	0
Cash at Beginning	2.56M	5M	14.95M	2.55M	692.96K	141.32M	268.56M	112.5M	357.31M	0
Cash at End	5M	14.95M	2.55M	692.96K	141.32M	268.52M	112.5M	357.31M	403.77M	0
Interest Paid	1.92M	1.54M	0	0	0	0	11.43M	7.39M	678K	0
Income Taxes Paid	43.05K	5.46K	0	0	0	0	7K	723K	1.15M	0
Free Cash Flow+	6.48M	-10.82M	-13.74M	-3.32M	-91.16M	-727.14M	-217.59M	-343.26M	-930.48M	0
FCF Growth %	314.69%	-266.84%	-27.03%	75.81%	-2642.69%	-697.62%	70.08%	-57.76%	-171.07%	100%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-1691.85%	-424.11%	-248.6%	-107.09%	-6.63%	-7.47%	-129.96%	26.09%	18.82%	-
Return on Assets (ROA)	-87.51%	-187.93%	-126.54%	-59.54%	-6.53%	-4.22%	-52.59%	16.39%	12.31%	-18.15%
Net Interest Margin	-17.15%	-32.33%	-45.38%	-0.28%	-0%	-0.06%	-1.17%	-0.38%	0.05%	0%
Efficiency Ratio	55.18%	1322.09%	531.41%	123.75%	166.63%	109.54%	543.4%	-60.97%	-70.92%	41.9%
Equity / Assets	-50.78%	49.06%	56.23%	55.1%	99.52%	47.23%	32.29%	81.16%	60.81%	0%
Book Value / Share	-9.79	4.53	0.55	0.55	3.83	6.87	3.4	8.4	13.26	-
NII Growth	26.12%	-55.23%	51.58%	99.23%	85.54%	-33659.37%	-1465.75%	45.98%	149.26%	-100%

Marathon Digital Holdings, Inc. (MARA) 10-Year Financial Performance & Capital Metrics

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Marathon Digital Holdings, Inc. (MARA) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MARA vs Peers

vs IREN

vs BMNR

Compare Top 5

Profit & Loss

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Deep Dive Analysis

Valuation Overview

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Dividend History

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Financial Ratios