8-K Announcements
6Apr 30, 2026·SEC
Mar 26, 2026·SEC
Feb 26, 2026·SEC
Marathon Digital Holdings, Inc. (MARA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Marathon Digital Holdings, Inc. (MARA) stock price & volume — 10-year historical chart
Marathon Digital Holdings, Inc. (MARA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Marathon Digital Holdings, Inc. (MARA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.46vs $0.23-100.0% | $202Mvs $252M-19.8% |
| Q4 2025 | Nov 4, 2025 | $0.32vs $0.26-23.1% | $252Mvs $251M+0.4% |
| Q3 2025 | Jul 29, 2025 | $0.81vs $0.53-52.8% | $238Mvs $255M-6.5% |
| Q2 2025 | May 8, 2025 | $0.40vs $0.34-17.6% | $214Mvs $211M+1.3% |
Marathon Digital Holdings, Inc. (MARA) competitors in Bitcoin Mining and Data Centers — business model, growth, and fundamentals comparison
Marathon Digital Holdings, Inc. (MARA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Marathon Digital Holdings, Inc. (MARA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -4.87M | -2.36M | -18.26K | -2.64K | -891.59K | -13.96M | -7.54M | 3.71M | 7.47M |
| NII Growth % | -55.23% | 51.58% | 99.23% | 85.54% | -33659.37% | -1465.75% | 45.98% | 149.26% | 101.18% |
| Net Interest Margin % | -32.33% | -45.38% | -0.28% | -0% | -0.06% | -1.17% | -0.38% | 0.05% | 0.1% |
| Interest Income | 2.79K | 14.23K | 33.65K | 18.34K | 677.41K | 1.02M | 2.81M | 16.71M | 55.85M |
| Interest Expense | 4.87M | 2.37M | 51.91K | 20.98K | 1.57M | 14.98M | 10.35M | 13M | 48.38M |
| Loan Loss Provision | 2.96M | 2.96M | 3.91M | 6.89M | 40.83M | 136.44M | 392.5M | 802.75M | 1.29B |
| Non-Interest Income | 516.83K | 1.55M | 1.15M | 4.34M | 158.49M | 116.73M | 384.7M | 639.67M | 851.24M |
| Non-Interest Income % | 99.46% | 99.09% | 97.16% | 99.58% | 99.57% | 99.13% | 99.28% | 97.45% | 93.84% |
| Total Revenue | 519.62K▲ 0% | 1.56M▲ 200.7% | 1.19M▼ 24.1% | 4.36M▲ 267.6% | 159.16M▲ 3553.0% | 117.75M▼ 26.0% | 387.51M▲ 229.1% | 656.38M▲ 69.4% | 907.09M▲ 38.2% |
| Revenue Growth % | -98.58% | 200.67% | -24.14% | 267.61% | 3553.04% | -26.02% | 229.09% | 69.38% | 38.2% |
| Non-Interest Expense | 6.87M | 8.3M | 1.47M | 7.26M | 174.35M | 639.87M | -236.25M | -465.48M | 389.23M |
| Efficiency Ratio | 1322.09% | 531.41% | 123.75% | 166.63% | 109.54% | 543.4% | -60.97% | -70.92% | 42.91% |
| Operating Income | -14.18M▲ 0% | -12.08M▲ 14.9% | -4.24M▲ 64.9% | -9.82M▼ 131.6% | -57.59M▼ 486.5% | -673.54M▼ 1069.6% | 220.91M▲ 132.8% | 306.11M▲ 38.6% | -822.17M▼ 368.6% |
| Operating Margin % | -2729.58% | -772.95% | -357.66% | -225.34% | -36.18% | -572% | 57.01% | 46.64% | -90.64% |
| Operating Income Growth % | 8.98% | 14.86% | 64.9% | -131.61% | -486.55% | -1069.61% | 132.8% | 38.57% | -368.59% |
| Pretax Income | -31.44M▲ 0% | -12.75M▲ 59.5% | -3.52M▲ 72.4% | -10.45M▼ 197.0% | -14.52M▼ 39.0% | -718.25M▼ 4846.7% | 277.6M▲ 138.6% | 616.5M▲ 122.1% | -1.37B▼ 321.9% |
| Pretax Margin % | -6050.08% | -815.76% | -296.74% | -239.75% | -9.12% | -609.97% | 71.64% | 93.92% | -150.84% |
| Income Tax | -103.95K | 69.13K | 0 | 2K | 22.58M | -24.23M | 16.43M | 75.5M | -56.38M |
| Effective Tax Rate % | 0.33% | -0.54% | 0% | -0.02% | -155.48% | 3.37% | 5.92% | 12.25% | 4.12% |
| Net Income | -31.33M▲ 0% | -12.81M▲ 59.1% | -3.52M▲ 72.6% | -10.45M▼ 197.1% | -37.1M▼ 255.1% | -694.02M▼ 1770.9% | 261.17M▲ 137.6% | 541.25M▲ 107.2% | -1.31B▼ 342.3% |
| Net Margin % | -6030.07% | -820.18% | -296.74% | -239.8% | -23.31% | -589.39% | 67.4% | 82.46% | -144.58% |
| Net Income Growth % | -9.31% | 59.1% | 72.55% | -197.07% | -255.05% | -1770.88% | 137.63% | 107.24% | -342.3% |
| Net Income (Continuing) | -31.33M | -12.81M | -3.52M | -10.45M | -37.1M | -694.02M | 261.17M | 541.01M | -1.31B |
| EPS (Diluted) | -19.22▲ 0% | -2.41▲ 87.5% | -0.61▲ 74.7% | -0.13▲ 78.7% | -0.37▼ 184.6% | -6.12▼ 1554.1% | 1.06▲ 117.3% | 1.72▲ 62.3% | -3.69▼ 314.5% |
| EPS Growth % | 36.4% | 87.46% | 74.69% | 78.69% | -184.62% | -1554.05% | 117.32% | 62.26% | -314.53% |
| EPS (Basic) | -19.22 | -2.41 | -0.61 | -0.13 | -0.37 | -6.12 | 1.41 | 1.87 | -3.69 |
| Diluted Shares Outstanding | 1.63M | 5.32M | 6.66M | 81.41M | 99.34M | 113.47M | 192.29M | 311.84M | 355.17M |
Marathon Digital Holdings, Inc. (MARA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 14.95M | 2.55M | 692.96K | 141.32M | 587.7M | 103.7M | 357.31M | 391.77M | 547.13M |
| Cash & Due from Banks | 14.95M | 2.55M | 692.96K | 141.32M | 268.56M | 103.7M | 357.31M | 391.77M | 547.13M |
| Short Term Investments | 0 | 0 | 1.14K | 0 | 319.14M | 0 | 0 | 0 | 2.39M |
| Total Investments | 0 | 0 | 1.14K | 0 | 322.14M | 37M | 106.29M | 3.34B | 1.5B |
| Investments Growth % | - | - | - | -100% | - | -88.51% | 187.28% | 3038.04% | -54.97% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 3M | 37M | 106.29M | 3.34B | 1.5B |
| Accounts Receivables | 6.83K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 10.01K | 1.14M | 1.07M | 1M | 931K | 206K | 242K | 85.47M | 988K |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82.75M | 0 |
| Intangible Assets | 10.01K | 1.14M | 1.07M | 1M | 931K | 206K | 242K | 2.71M | 988K |
| PP&E (Net) | 10.01K | 1.03M | 4.05M | 17.42M | 276.24M | 274.3M | 672.22M | 1.57B | 0 |
| Other Assets | -10.01K | 0 | 0 | 8.41M | 479.92M | 606.19M | 182.66M | 1.34B | 5.26B |
| Total Current Assets | 15.05M | 3.02M | 1.49M | 286.41M | 684.24M | 277.55M | 1.03B | 470.37M | 664.27M |
| Total Non-Current Assets | 10.01K | 2.18M | 5.13M | 26.84M | 760.09M | 917.7M | 961.17M | 6.33B | 6.76B |
| Total Assets | 15.06M▲ 0% | 5.19M▼ 65.5% | 6.62M▲ 27.4% | 313.25M▲ 4631.9% | 1.44B▲ 361.1% | 1.2B▼ 17.2% | 1.99B▲ 66.6% | 6.8B▲ 241.6% | 7.42B▲ 9.2% |
| Asset Growth % | -17.66% | -65.5% | 27.44% | 4631.92% | 361.08% | -17.25% | 66.57% | 241.61% | 9.17% |
| Return on Assets (ROA) | -187.93% | -126.54% | -59.54% | -6.53% | -4.22% | -52.59% | 16.39% | 12.31% | -18.44% |
| Accounts Payable | 1.96M | 1.24M | 1.24M | 999.74K | 7.77M | 1.31M | 11.34M | 12.56M | 12.55M |
| Total Debt | 1.76M | 999.11K | 1.21M | 184.1K | 728.41M | 783.51M | 326.13M | 2.47B | 3.65B |
| Net Debt | -13.18M | -1.55M | 514.58K | -141.14M | 459.85M | 679.81M | -31.18M | 2.08B | 3.1B |
| Long-Term Debt | 0 | 0 | 999.11K | 62.5K | 728.41M | 782.17M | 325.65M | 2.45B | 3.2B |
| Short-Term Debt | 1.76M | 999.11K | 0 | 0 | 0 | 0 | 124K | 0 | 399.74M |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.41M | 12.46M |
| Total Current Liabilities | 7.67M | 2.27M | 1.85M | 1.44M | 11.25M | 26.11M | 33.76M | 95.2M | 521.88M |
| Total Non-Current Liabilities | 3.73M | 999.11K | 1.12M | 62.5K | 750.98M | 783.19M | 341.29M | 2.57B | 3.43B |
| Total Liabilities | 7.67M | 2.27M | 2.97M | 1.51M | 762.23M | 809.3M | 375.05M | 2.67B | 3.95B |
| Total Equity | 7.39M▲ 0% | 2.92M▼ 60.5% | 3.65M▲ 24.9% | 311.74M▲ 8446.4% | 682.1M▲ 118.8% | 385.94M▼ 43.4% | 1.62B▲ 318.7% | 4.14B▲ 155.9% | 3.48B▼ 15.9% |
| Equity Growth % | 179.55% | -60.47% | 24.88% | 8446.41% | 118.8% | -43.42% | 318.7% | 155.95% | -15.93% |
| Equity / Assets (Capital Ratio) | 49.06% | 56.23% | 55.1% | 99.52% | 47.23% | 32.29% | 81.16% | 60.81% | 46.83% |
| Return on Equity (ROE) | -424.11% | -248.6% | -107.09% | -6.63% | -7.47% | -129.96% | 26.09% | 18.82% | -34.45% |
| Book Value per Share | 4.53 | 0.55 | 0.55 | 3.83 | 6.87 | 3.40 | 8.40 | 13.26 | 9.79 |
| Tangible BV per Share | 4.52 | 0.33 | 0.39 | 3.82 | 6.86 | 3.40 | 8.40 | 12.99 | 9.79 |
| Common Stock | 1.25K | 2.55K | 846 | 8.2K | 10K | 15K | 24K | 34K | -1.31B |
| Additional Paid-in Capital | 97.11M | 105.46M | 109.71M | 428.24M | 835.69M | 1.23B | 2.18B | 4.16B | 4.81B |
| Retained Earnings | -89.28M | -102.09M | -105.61M | -116.06M | -153.6M | -840.34M | -567.64M | -26.39M | -1.34B |
| Accumulated OCI | -450.73K | -450.72K | -450.72K | -450.72K | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Marathon Digital Holdings, Inc. (MARA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -10.81M | -8.24M | -3.32M | -7.77M | -18.22M | -176.48M | -315.65M | -677.02M | 94.72M |
| Operating CF Growth % | -206.25% | 23.78% | 59.72% | -134.24% | -134.36% | -868.69% | -78.86% | -114.48% | 113.99% |
| Net Income | -31.33M | -12.81M | -3.52M | -10.45M | -36.17M | -686.74M | 261.17M | 541.01M | -4.7M |
| Depreciation & Amortization | 1.85M | 2.07M | 1.08M | 3.16M | 15.1M | 78.71M | 179.51M | 426.63M | 772.77M |
| Deferred Taxes | 0 | 0 | 385.45K | 1.17M | 23.02M | -22.57M | 15.29M | 73.22M | 56.38M |
| Other Non-Cash Items | 17.33M | 5.82M | -507.86K | 992.99K | -43.25M | 606.1M | -391.92M | -1.7B | -748.62M |
| Working Capital Changes | -629.24K | -4.74M | -1.69M | -3.82M | -137.7M | -176.57M | -412.35M | -173.89M | 18.9M |
| Cash from Investing | -7.79K | -4.16M | 1.21M | -81.29M | -891.92M | -390.23M | 4.59M | -3.23B | -669.92M |
| Purchase of Investments | 0 | 0 | 0 | 0 | -153M | -500K | -71.8M | -1.98B | 7.69M |
| Sale/Maturity of Investments | 0 | 1.34M | 1.22M | 2.1M | 3M | 849.78M | 264.94M | 152.29M | -8.68M |
| Net Investment Activity | 0 | 1.34M | 1.22M | 2.1M | -150M | 849.28M | 193.15M | -1.83B | -988K |
| Acquisitions | 0 | 0 | 0 | 0 | -3M | -44M | -71.8M | -335.63M | 22.23M |
| Other Investing | 0 | -250K | 0 | 0 | -30M | -1.15B | -89.15M | 873K | -284.09M |
| Cash from Financing | 20.45M | 0 | 245.49K | 229.69M | 1.04B | 410.65M | 555.86M | 3.95B | 1.63B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -15.75M | -34.86M | -46.92M |
| Stock Issued | 16.07M | 0 | 255.89K | 222.89M | 312.2M | 361.49M | 621.99M | 1.85B | 568.56M |
| Net Stock Activity | 16.07M | 0 | 255.89K | 222.89M | 312.2M | 361.49M | 606.24M | 1.82B | 521.64M |
| Debt Issuance (Net) | 1000K | 0 | 0 | 63K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Other Financing | 158.51K | 0 | -10.4K | -500 | 313.64M | -81K | -380K | 4.61M | -39.77M |
| Net Change in Cash | 9.95M▲ 0% | -12.4M▼ 224.6% | -1.86M▲ 85.0% | 140.63M▲ 7668.0% | 127.2M▼ 9.6% | -156.05M▼ 222.7% | 244.81M▲ 256.9% | 46.46M▼ 81.0% | 155.36M▲ 234.4% |
| Exchange Rate Effect | 317.87K | 15 | 0 | 0 | 0 | 0 | 0 | 0 | -897.45M |
| Cash at Beginning | 5M | 14.95M | 2.55M | 692.96K | 141.32M | 268.56M | 112.5M | 357.31M | 403.77M |
| Cash at End | 14.95M | 2.55M | 692.96K | 141.32M | 268.52M | 112.5M | 357.31M | 403.77M | 559.13M |
| Interest Paid | 1.54M | 0 | 0 | 0 | 0 | 11.43M | 7.39M | 678K | 2.02M |
| Income Taxes Paid | 5.46K | 0 | 0 | 0 | 0 | 7K | 723K | 1.15M | 32.31M |
| Free Cash Flow | -10.82M▲ 0% | -13.74M▼ 27.0% | -3.32M▲ 75.8% | -91.16M▼ 2642.7% | -727.14M▼ 697.6% | -217.59M▲ 70.1% | -343.26M▼ 57.8% | -930.48M▼ 171.1% | -312.35M▲ 66.4% |
| FCF Growth % | -266.84% | -27.03% | 75.81% | -2642.69% | -697.62% | 70.08% | -57.76% | -171.07% | 66.43% |
Marathon Digital Holdings, Inc. (MARA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet 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% | -34.45% |
| Return on Assets (ROA) | -87.51% | -187.93% | -126.54% | -59.54% | -6.53% | -4.22% | -52.59% | 16.39% | 12.31% | -18.44% |
| Net Interest Margin | -17.15% | -32.33% | -45.38% | -0.28% | -0% | -0.06% | -1.17% | -0.38% | 0.05% | 0.1% |
| Efficiency Ratio | 55.18% | 1322.09% | 531.41% | 123.75% | 166.63% | 109.54% | 543.4% | -60.97% | -70.92% | 42.91% |
| Equity / Assets | -50.78% | 49.06% | 56.23% | 55.1% | 99.52% | 47.23% | 32.29% | 81.16% | 60.81% | 46.83% |
| Book Value / Share | -9.79 | 4.53 | 0.55 | 0.55 | 3.83 | 6.87 | 3.4 | 8.4 | 13.26 | 9.79 |
| NII Growth | 26.12% | -55.23% | 51.58% | 99.23% | 85.54% | -33659.37% | -1465.75% | 45.98% | 149.26% | 101.18% |
Marathon Digital Holdings, Inc. (MARA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Mar 26, 2026·SEC
Feb 26, 2026·SEC
Marathon Digital Holdings, Inc. (MARA) stock FAQ — growth, dividends, profitability & financials explained
Marathon Digital Holdings, Inc. (MARA) grew revenue by 38.2% over the past year. This is strong growth.
Marathon Digital Holdings, Inc. (MARA) reported a net loss of $1.31B for fiscal year 2025.
Marathon Digital Holdings, Inc. (MARA) has a return on equity (ROE) of -34.5%. Negative ROE indicates the company is unprofitable.
Marathon Digital Holdings, Inc. (MARA) has a net interest margin (NIM) of 0.1%. NIM has been under pressure due to interest rate environment.
Marathon Digital Holdings, Inc. (MARA) has an efficiency ratio of 42.9%. This is excellent, indicating strong cost control.
Marathon Digital Holdings, Inc. (MARA) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates