Marathon Digital Holdings, Inc. (MARA) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 611.11M | 664.27M | 961.92M | 236.46M | 291.83M | 470.37M | 239.37M | 371.95M | 1.64B | 1.03B | 432.65M | 422.44M | 386.31M | 277.55M | 240.11M | 362.19M | 592.59M | 684.24M | 554.56M | 491.65M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | 7.52 | 8.5 | 4.61 | - | - | - | - | - | - | 109.54 | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 57.91M | 79.06M | 95.14M | 76.53M | 58.91M | 53.48M | 45.83M | 70.99M | 1.27B | 630.64M | 323.14M | 300.5M | 249.33M | 171.47M | 161.23M | 205.72M | 65.56M | 69.61M | 277.19M | 150.55M |
| Total Non-Current Assets | 4.34B | 6.62B | 8.19B | 7.48B | 6.15B | 6.33B | 3.34B | 2.75B | 1.32B | 961.17M | 951.13M | 950.8M | 917.62M | 917.7M | 1.24B | 1.15B | 945.51M | 760.09M | 109.78M | 92.21M |
| Property, Plant & Equipment | 1.44B | 1.52B | 1.58B | 1.67B | 1.59B | 1.57B | 1.1B | 898.32M | 810.15M | 672.22M | 742.16M | 784.42M | 716.1M | 274.3M | 404.89M | 315.42M | 334.64M | 276.24M | 93.93M | 80.15M |
| Fixed Asset Turnover | 0.12x | 0.13x | 0.16x | 0.15x | 0.14x | 0.16x | 0.13x | 0.17x | 0.22x | 0.22x | 0.13x | 0.11x | 0.10x | 0.08x | 0.04x | 0.08x | 0.17x | 0.33x | 0.59x | 0.48x |
| Goodwill | 90.49M | 0 | 82.78M | 82.78M | 82.75M | 82.75M | 45.36M | 45.36M | 30.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 43.12M | 988K | 771K | 2.15M | 2.43M | 2.71M | 1.98M | 2.19M | 21.66M | 242K | 0 | 0 | 0 | 206K | 0 | 0 | 0 | 931K | 949.02K | 966.81K |
| Long-Term Investments | 819.36M | 3.5B | 137.14M | 3.82B | 2.88B | 3.34B | 1.85B | 1.27B | 112.2M | 166.08M | 103.04M | 99.92M | 80.19M | 37M | 37M | 17M | 13.5M | 3M | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 4.95B | 7.29B | 9.15B | 7.72B | 6.44B | 6.8B | 3.58B | 3.12B | 2.96B | 1.99B | 1.38B | 1.37B | 1.3B | 1.2B | 1.48B | 1.51B | 1.54B | 1.44B | 664.34M | 583.86M |
| Asset Turnover | 0.03x | 0.02x | 0.03x | 0.03x | 0.03x | 0.04x | 0.04x | 0.05x | 0.07x | 0.09x | 0.07x | 0.06x | 0.04x | 0.02x | 0.01x | 0.02x | 0.03x | 0.06x | 0.08x | 0.05x |
| Asset Growth % | -23.2% | 7.14% | 155.67% | 147.71% | 117.94% | 241.61% | 158.72% | 126.99% | 126.77% | 66.57% | -6.23% | -9.03% | -15.22% | -17.25% | 122.14% | 158.55% | 123.99% | 361.08% | 1670.22% | 5348.09% |
| Total Current Liabilities | 331.47M | 521.88M | 459.37M | 441.02M | 368.37M | 95.2M | 59.79M | 99.21M | 71.13M | 33.76M | 38.17M | 28.34M | 23.82M | 26.11M | 45.54M | 90.14M | 14.82M | 11.25M | 3.92M | 3.34M |
| Accounts Payable | 7.84M | 12.55M | 11.43M | 9.84M | 6.49M | 12.56M | 12.56M | 28.84M | 33.27M | 11.34M | 15.22M | 7.15M | 3.23M | 1.31M | 19.05M | 51.3M | 7.72M | 7.77M | 3.37M | 2.63M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 200.7M | 397.85M | 350M | 350M | 300M | 0 | 0 | 0 | 0 | 124K | 0 | 0 | 0 | 0 | 0 | 35M | 264.46K | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 122.92M | 44.03M | 22.12M | 23.16M | 15.09M | 18.93M | 9.82M | 2.69M | 4.26M | -124K | 0 | 0 | 0 | 0 | 0 | 0 | 6.84M | 3.48M | 549.66K | 718.33K |
| Current Ratio | 1.84x | 1.27x | 2.09x | 0.54x | 0.79x | 4.94x | 4.00x | 3.75x | 23.07x | 30.51x | 11.33x | 14.91x | 16.22x | 10.63x | 5.27x | 4.02x | 40.00x | 60.82x | 141.32x | 147.00x |
| Quick Ratio | 1.84x | 1.27x | 2.09x | 0.54x | 0.79x | 4.94x | 4.00x | 3.75x | 23.07x | 30.51x | 11.33x | 14.91x | 16.22x | 10.63x | 5.27x | 4.02x | 40.00x | 60.82x | 141.32x | 147.00x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.28B | 3.29B | 3.52B | 2.48B | 2.35B | 2.57B | 664.77M | 375.29M | 408.96M | 341.29M | 325.65M | 734.65M | 734.24M | 783.19M | 805.13M | 759.99M | 749.17M | 750.98M | 0 | 0 |
| Long-Term Debt | 2.22B | 3.2B | 3.25B | 2.25B | 2.3B | 2.45B | 618.68M | 326.51M | 326.08M | 325.65M | 325.27M | 734.23M | 733.26M | 782.17M | 781.18M | 730.35M | 729.38M | 728.41M | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 2.62B | 3.81B | 3.98B | 2.93B | 2.72B | 2.67B | 724.56M | 474.5M | 480.09M | 375.05M | 363.83M | 762.99M | 758.06M | 809.3M | 850.68M | 850.13M | 763.99M | 762.23M | 3.92M | 3.34M |
| Total Debt | 2.46B | 3.65B | 3.64B | 2.65B | 2.64B | 2.47B | 639.08M | 346.95M | 340.5M | 326.13M | 325.8M | 734.83M | 734.5M | 783.51M | 782.62M | 766.58M | 730.71M | 728.41M | 0 | 0 |
| Net Debt | 1.94B | 3.1B | 2.82B | 2.54B | 2.44B | 2.08B | 474.82M | 90.92M | 16.23M | -31.18M | 224.59M | 621.15M | 609.62M | 679.81M | 727.28M | 680.11M | 591.76M | 459.85M | -32.85M | -170.62M |
| Debt / Equity | 1.06x | 1.05x | 0.70x | 0.55x | 0.71x | 0.60x | 0.22x | 0.13x | 0.14x | 0.20x | 0.32x | 1.20x | 1.35x | 2.03x | 1.25x | 1.16x | 0.94x | 1.07x | - | - |
| Debt / EBITDA | - | - | 16.95x | 3.14x | - | 5.17x | - | - | 0.75x | 7.69x | - | 23.55x | 5.25x | - | - | - | - | 25.54x | - | - |
| Net Debt / EBITDA | - | - | 13.10x | 3.01x | - | 4.35x | - | - | 0.04x | -0.74x | - | 19.90x | 4.36x | - | - | - | - | 16.13x | - | - |
| Interest Coverage | -23.22x | -25.83x | 13.60x | 80.21x | -64.65x | 81.53x | -73.27x | -167.97x | 299.75x | 198.26x | 0.88x | -2.08x | 32.59x | -90.82x | -19.94x | -52.83x | -5.08x | 23.05x | -77265.57x | -90511.56x |
| Total Equity | 2.33B | 3.48B | 5.18B | 4.8B | 3.73B | 4.14B | 2.86B | 2.64B | 2.48B | 1.62B | 1.02B | 610.25M | 545.87M | 385.94M | 625.1M | 659.45M | 774.11M | 682.1M | 660.42M | 580.52M |
| Equity Growth % | -37.42% | -15.93% | 81.22% | 81.49% | 50.54% | 155.95% | 179.97% | 333.05% | 353.75% | 318.7% | 63.17% | -7.46% | -29.48% | -43.42% | -5.35% | 13.6% | 13.22% | 118.8% | 1719.98% | 5910.61% |
| Book Value per Share | 6.14 | 9.79 | 11.01 | 10.88 | 10.84 | 9.85 | 9.68 | 9.48 | 9.25 | 6.92 | 5.38 | 3.62 | 3.43 | 3.08 | 5.36 | 6.03 | 7.51 | 6.64 | 6.55 | 5.84 |
| Total Shareholders' Equity | 2.23B | 3.47B | 5.16B | 4.79B | 3.72B | 4.13B | 2.86B | 2.64B | 2.48B | 1.62B | 1.02B | 610.25M | 545.87M | 385.94M | 625.1M | 659.45M | 774.11M | 682.1M | 660.42M | 580.52M |
| Common Stock | 38K | 37K | 37K | 36K | 34K | 34K | 30K | 28K | 27K | 24K | 21K | 17K | 17K | 15K | 11.68K | 11.39K | 10.61K | 10K | 10.25K | 9.96K |
| Retained Earnings | -2.6B | -1.34B | 371.78M | 248.65M | -559.59M | -26.39M | -554.91M | -430.13M | -230.47M | -567.64M | -802.57M | -866.71M | -847.58M | -840.34M | -432.26M | -356.84M | -165.19M | -153.6M | -163.76M | -141.58M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -450.72K | -450.72K | -450.72K | 0 | -450.72K | -450.72K |
| Minority Interest | 101.27M | 5.37M | 16.68M | 4.56M | 3.95M | 6.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |