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MARA Holdings, Inc. (MARA)

Nasdaq Information Technology Internet Services & Infrastructure S&P SmallCap 600
$6.35
+0.47 (+7.99%)
Close of Nov 06, 2026 · end-of-day data
Source: MARA Holdings, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 09, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$36.63M$519.62K$1.56M$1.19M$4.36M$159.16M$117.75M$387.51M$656.38M$907.09M
Cost of revenue$26.52M$3.47M$3.35M$2.48M$7.00M$42.40M$151.42M$402.85M$815.75M—
Gross profit$10.11M-$2.95M-$1.79M-$1.30M-$2.64M$116.77M-$33.67M-$15.34M-$159.37M—
Research & development——————$98.00K$2.81M$13.23M$30.12M
Operating income-$15.58M-$14.18M-$12.08M-$4.24M-$9.82M-$2.99M-$673.54M$220.91M$306.11M-$1.22B
Interest expense$3.14M$1.31M$81.48K$51.91K$21.00K$1.57M$14.98M$10.35M$13.00M$48.38M
Pre-tax income-$17.31M-$31.44M-$12.75M-$3.52M-$10.45M-$4.84M-$718.25M$277.60M$616.50M-$1.37B
Income tax$11.52M-$103.95K$69.13K—$2.00K$24.97M-$24.23M$16.43M$75.50M-$56.38M
Net income-$28.67M-$31.33M-$12.81M-$3.52M-$10.45M-$29.81M-$694.02M$261.17M$541.25M-$1.31B
EBITDA-$15.58M-$14.16M-$10.07M-$3.32M-$6.75M$11.92M-$594.83M$406.45M$735.30M-$451.48M
EPS (basic)$-1.89$-4.80$-2.41$-0.53$-0.13$-0.30$-6.12$1.41$1.87$-3.69
EPS (diluted)$-1.89$-4.80$-2.41$-0.53$-0.13$-0.30$-6.12$1.06$1.72$-3.69
Diluted shares15.18M6.52M5.32M6.66M81.41M99.34M113.47M192.29M311.84M355.17M
Gross margin27.6%-568.0%-114.5%-109.4%-60.7%73.4%-28.6%-4.0%-24.3%—
Operating margin-42.5%-2729.6%-772.9%-357.7%-225.3%-1.9%-572.0%57.0%46.6%-135.0%
Net margin-78.3%-6030.1%-820.2%-296.7%-239.8%-18.7%-589.4%67.4%82.5%-144.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$5.00M$14.95M$2.55M$692.96K$141.32M$268.56M$103.70M$357.31M$391.77M$547.13M
Short-term investments—————$223.92M————
Receivables$95.07K$6.83K—————$0——
Total current assets$5.52M$15.05M$3.02M$1.49M$286.41M$684.24M$277.55M$1.03B$470.37M$664.27M
Goodwill$222.84K——————$0$82.75M$0
Total assets$18.29M$15.06M$5.19M$6.62M$313.25M$1.44B$1.20B$1.99B$6.80B$7.29B
Total current liabilities$20.46M$7.67M$2.27M$1.85M$1.44M$11.25M$26.11M$33.76M$95.20M$521.88M
Short-term debt$13.16M—————$0$0$0$397.85M
Long-term debt$4.67M$1.76M$999.11K$999.11K—$728.41M$782.17M$325.65M$2.45B$3.20B
Total debt$17.83M$1.76M$999.11K$999.11K—$728.41M$782.17M$325.65M$2.45B$3.60B
Total liabilities$27.58M$7.67M$2.27M$2.97M$1.51M$765.22M$809.30M$375.05M$2.67B$3.82B
Shareholders' equity-$9.29M$7.39M$2.92M$3.65M$311.74M$682.10M$385.94M$1.62B$4.13B$3.47B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$10.17M-$10.81M-$8.24M-$3.32M-$7.77M-$18.96M-$176.48M-$315.65M-$677.02M-$802.73M
Capital expenditures$8.39K$7.79K$5.25M$5.22K$17.74M$273.85M$41.11M$27.61M$250.82M$407.07M
Free cash flow$10.16M-$10.82M-$13.49M-$3.32M-$25.52M-$292.81M-$217.59M-$343.26M-$927.85M-$1.21B
Investing cash flow-$3.69M-$7.79K-$4.16M$1.21M-$81.29M-$891.14M-$390.23M$4.59M-$3.23B-$669.92M
Financing cash flow-$4.01M$20.45M—$245.49K$229.69M$1.04B$410.65M$555.86M$3.95B$1.63B
Share buybacks——————$0$380.00K$37.40M$46.92M
Stock-based compensation$1.95M$1.98M$1.43M$933.68K$1.18M$160.79M$24.59M$32.64M$157.64M$172.29M
Depreciation & amortization$4.26K$26.11K$2.00M$923.30K$3.06M$14.90M$78.71M$185.54M$429.19M$772.77M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.