MARA
Marathon Digital Holdings, Inc.
$11.31
-0.29
(-2.50%)
Mkt Cap
4.31B
Volume
37,594,828
52W Range
6.66-23.45
Sector
Financial Services
Beta
5.33
EPS (TTM)
-9.39 USD
P/E Ratio
-2.43
Revenue (TTM)
804.22M USD
Rev Growth (5Y)
+190.9%
EPS Growth (5Y)
N/A
AlphaVal · Fair Value
What we estimate one share is worth
$2.73
Overvalued
strong signal
314.1% above fair value
Modeled from cash flows & growth.
AlphaQuality · Ungradable
AlphaQuality does not grade asset managers/brokers/exchanges — AUM flows, fee compression, and performance economics aren't captured by this model.
Company Description
MARA Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the Bitcoin ecosystem. It also deals with owning and operating bitcoin mining facilities or data centers, selling proprietary software or technology to third parties operating in the Bitcoin ecosystem, offering advisory and consulting services to support Bitcoin mining ventures in domestic and international jurisdictions, and generating electricity from renewable energy resources or methane gas capture to power Bitcoin mining projects. The company was founded on February 23, 2010 and is headquartered in Hallandale Beach, FL.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 907.09M | 656.38M | 387.51M | 117.75M | 159.16M | 4.36M | 1.19M | 1.56M | 519,622 | 36.63M | 18.98M | 21.40M |
| Net Income | (1.31B) | 541.25M | 261.17M | (694.02M) | (37.10M) | (10.45M) | (3.52M) | (12.81M) | (31.33M) | (28.67M) | (16.94M) | (1.88M) |
| EPS | -3.69 | 1.87 | 1.41 | -6.12 | -0.37 | -0.13 | -0.61 | -2.41 | -19.22 | -30.22 | -19.08 | -2.58 |
| Free Cash Flow | (312.35M) | (930.48M) | (343.26M) | (217.59M) | (727.14M) | (91.16M) | (3.32M) | (13.74M) | (10.82M) | 6.48M | (3.02M) | (3.41M) |
| FCF / Share | -0.88 | -3.21 | -1.87 | -1.92 | -7.32 | -1.12 | -0.50 | -2.58 | -6.63 | 6.83 | -3.40 | -4.69 |
| Operating CF | 94.72M | (677.02M) | (315.65M) | (176.48M) | (18.22M) | (7.77M) | (3.32M) | (8.24M) | (10.81M) | 10.17M | (2.96M) | 4.46M |
| Total Assets | 7.29B | 6.80B | 1.99B | 1.20B | 1.44B | 313.25M | 6.62M | 5.19M | 15.06M | 18.29M | 47.23M | 59.49M |
| Total Debt | 3.65B | 2.47B | 326.13M | 783.51M | 728.41M | 184,096 | 1.21M | 999,106 | 1.76M | 17.83M | 22.61M | 22.49M |
| Cash & Equiv | 547.13M | 391.77M | 357.31M | 103.70M | 268.56M | 141.32M | 692,963 | 2.55M | 14.95M | 5.00M | 2.56M | 5.08M |
| Book Value | 3.47B | 4.13B | 1.62B | 385.94M | 682.10M | 311.74M | 3.65M | 2.92M | 7.39M | (9.12M) | 12.68M | 24.25M |
| Return on Equity | -0.38 | 0.13 | 0.16 | -1.80 | -0.05 | -0.03 | -0.96 | -4.39 | -4.24 | N/A | -1.34 | -0.08 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 174.88M | 174.61M | 202.31M | 252.41M | 238.49M | 213.88M | 214.39M | 131.65M | 145.14M | 165.20M | 156.77M | 97.85M |
| Net Income | (609.68M) | (1.26B) | (1.71B) | 123.13M | 808.24M | (533.20M) | 528.53M | (124.79M) | (199.66M) | 337.17M | 223.40M | (390,000) |
| EPS | -1.60 | -3.31 | -4.81 | 0.33 | 2.29 | -1.55 | 1.36 | -0.42 | -0.72 | 1.30 | 0.98 | 0.00 |
| Free Cash Flow | (565.56M) | (327.01M) | (389.22M) | (283.88M) | (282.36M) | (254.34M) | (502.58M) | (478.81M) | 3.92M | 46.99M | 62.26M | (84.12M) |
| FCF / Share | -1.48 | -0.86 | -1.10 | -0.76 | -0.80 | -0.74 | -1.29 | -1.62 | 0.01 | 0.18 | 0.27 | -0.47 |
| Operating CF | (471.26M) | (247.49M) | (224.75M) | (199.05M) | (163.44M) | (215.49M) | (313.43M) | (440.82M) | 21.14M | 56.08M | 64.06M | (81.62M) |
| Total Assets | 4.35B | 4.95B | 7.29B | 9.15B | 7.72B | 6.44B | 6.80B | 3.58B | 3.12B | 2.96B | 1.99B | 1.38B |
| Total Debt | 2.47B | 2.46B | 3.65B | 3.64B | 2.65B | 2.64B | 2.47B | 639.08M | 346.95M | 340.50M | 326.13M | 325.80M |
| Cash & Equiv | 421.27M | 525.65M | 547.13M | 826.39M | 109.47M | 196.22M | 391.77M | 164.26M | 256.03M | 324.27M | 357.31M | 101.21M |
| Book Value | 1.66B | 2.23B | 3.47B | 5.16B | 4.79B | 3.72B | 4.13B | 2.86B | 2.64B | 2.48B | 1.62B | 1.02B |
| Return on Equity | -0.37 | -0.56 | -0.49 | 0.02 | 0.17 | -0.14 | 0.13 | -0.04 | -0.08 | 0.14 | 0.14 | -0.00 |
MARA News
MARA Holdings: One Foot In Bitcoin, One Foot In AI
MARA Holdings Stock Slides Amid Bitcoin Pullback: What's Happening?
MARA and Riot Sink 6% While Bitcoin Holds Near $79,500; Strategy Slips 3%
Strategy Spikes 10% as Bitcoin's Rebound Reaches the Treasury Trade, MARA Surges 9%
Crypto Mining Stocks Rally as Bitcoin Hovers Around $80K: MARA Jumps 7%, TeraWulf and IREN Climb 5%
Strategy Remains Down 20% in 2026: A Prominent Analyst Still Sees 265% Upside After Downward Adjustment
CleanSpark Sinks 6% Even as Bitcoin Jumps 7%, MARA Holds Flat as Traders Weigh Tensions Among AI Miners
Strategy Rallies 8%, MARA Holdings Climbs 6%, Coinbase Jumps 5% as Bitcoin Breaks Out of Its 2026 Range
Crypto stocks MARA, COIN, Strive, MSTR rally as a bull run starts, but risks remain
5 Things to Know Before the Stock Market Opens on Thursday