MARA Holdings
MARA
10.36
-0.61
-5.56%
MARA Holdings
US · MARA
#2254 by market cap
Listed 1970
10.36
-0.61
-5.56%
Live - 5344 symbols - heartbeat 104s ago
· 2026-10-08 08:39
Pre-market
10.19
-1.64%
After-hours
10.37
+0.10%
Overnight
10.21
-1.45%
- Market cap
- 4.00B
- P/E (TTM)i
- -1.12
- P/Bi
- 2.41
- EPSi
- -3.69
- Div yieldi
- 0.00%
- 52W posi
- 22%
Reader sentiment
Are you bullish or bearish on MARA?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.15, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +38.20% YoY
Margins
- Gross margin
- 80.26%
- Operating margin
- -90.64%
- Net margin
- -144.58%
Key ratios & quality
- Enterprise valuei
- 7.06B
- Altman Z-Scorei
- 0.15
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.56M | 1.19M | 4.36M | 159.16M | 117.75M | 387.51M | 656.38M | 907.09M |
| Gross profit | -3.77M | -2.77M | -2.56M | 116.77M | -33.67M | 387.51M | 558.22M | 728.05M |
| Selling & admin expenses | 3.23M | 1.02M | 6.40M | 174.36M | 82.77M | 83.61M | 253.96M | 349.94M |
| Research & development | -- | -- | -- | -- | 98.00K | 2.81M | 13.23M | 30.12M |
| Operating profit | -9.85M | -3.79M | -8.96M | -57.59M | -116.54M | -110.57M | -467.60M | -822.17M |
| Pretax profit | -12.75M | -3.52M | -10.45M | -4.85M | -718.25M | 277.60M | 616.50M | -1.37B |
| Tax | 69.13K | 0 | 2.00K | 24.97M | -24.23M | 16.43M | 75.50M | -56.38M |
| Net profit | -12.81M | -3.52M | -10.45M | -29.81M | -694.02M | 261.17M | 541.01M | -1.31B |
| Basic EPS | -2 | -1 | 0 | 0 | -6 | 1 | 2 | -4 |
| Diluted EPS | -2.41 | -0.53 | -0.13 | -0.30 | -6.12 | 1.06 | 1.72 | -3.69 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 213.88M | 238.49M | 252.41M | 202.31M | 174.61M | 174.88M |
| Gross profit | 170.40M | 196.76M | 209.33M | 151.56M | 129.88M | 126.13M |
| Selling & admin expenses | 85.87M | 92.95M | 85.30M | 85.83M | 86.86M | 114.70M |
| Research & development | 9.30M | 8.55M | 8.72M | 3.56M | 8.25M | 7.17M |
| Operating profit | -173.73M | -160.31M | -156.32M | -331.81M | -258.09M | -267.99M |
| Pretax profit | -652.62M | 1.02B | 160.81M | -1.89B | -1.29B | -610.74M |
| Tax | -119.17M | 208.50M | 37.68M | -183.39M | -30.93M | 580.00K |
| Net profit | -533.44M | 808.21M | 123.13M | -1.71B | -1.26B | -611.32M |
| Basic EPS | -2 | 2 | 0 | -5 | -3 | -2 |
| Diluted EPS | -1.55 | 1.84 | 0.27 | -4.52 | -3.31 | -1.60 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 3.02M | 1.49M | 286.41M | 684.24M | 277.55M | 1.03B | 470.37M | 664.27M |
| Cash & ST investments | 2.55M | 692.96K | 141.32M | 268.56M | 103.71M | 357.31M | 391.77M | 547.13M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 5.19M | 6.62M | 313.25M | 1.44B | 1.20B | 1.99B | 6.80B | 7.29B |
| Total current liabilities | 2.27M | 1.85M | 1.44M | 11.25M | 26.12M | 33.76M | 95.20M | 521.88M |
| Short-term debt | 999.11K | 87.96K | 121.60K | -- | 326.00K | 124.00K | 407.00K | 399.74M |
| Long-term debt | -- | 999.11K | 62.50K | 728.41M | 782.17M | 325.65M | 2.45B | 3.20B |
| Total liabilities | 2,273,633.00 | 2,972,290.00 | 1,506,275.00 | 762,231,000.00 | 809,303,000.00 | 375,052,000.00 | 2,665,375,000.00 | 3,809,809,000.00 |
| Total equity | 2.92M | 3.65M | 311.74M | 682.10M | 385.94M | 1.62B | 4.14B | 3.48B |
| Retained earnings | -102.09M | -105.61M | -116.06M | -153.60M | -840.34M | -567.64M | -26.39M | -1.34B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 291.83M | 236.46M | 961.92M | 664.27M | 611.11M | 527.19M |
| Cash & ST investments | 196.22M | 109.48M | 826.39M | 547.13M | 513.65M | 421.27M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 6.44B | 7.72B | 9.15B | 7.29B | 4.95B | 4.35B |
| Total current liabilities | 368.37M | 441.02M | 459.37M | 521.88M | 331.47M | 591.83M |
| Short-term debt | 301.04M | 351.23M | 351.49M | 399.74M | 200.70M | 488.91M |
| Long-term debt | 2.30B | 2.25B | 3.25B | 3.20B | 2.22B | 1.93B |
| Total liabilities | 2,715,766,000.00 | 2,925,231,000.00 | 3,978,365,000.00 | 3,809,809,000.00 | 2,616,028,000.00 | 2,589,488,000.00 |
| Total equity | 3.73B | 4.80B | 5.18B | 3.48B | 2.33B | 1.76B |
| Retained earnings | -559.59M | 248.65M | 371.78M | -1.34B | -2.60B | -3.21B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -8.24M | -3.32M | -7.77M | -18.96M | -176.48M | -315.65M | -677.02M | -802.73M |
| Depreciation & amortization | 2.07M | 1.08M | 3.06M | 14.90M | 78.71M | 185.54M | 429.19M | 772.77M |
| Free cash flow | -13.74M | -3.32M | -25.52M | -292.82M | -217.59M | -343.26M | -930.48M | -1.21B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 255.89K | 222.89M | 312.20M | 361.49M | 608.37M | 1.85B | 568.56M |
| Ending cash balance | 2.55M | 692.96K | 141.32M | 268.56M | 112.51M | 357.31M | 403.77M | 559.13M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -215.49M | -163.44M | -199.05M | -224.75M | -247.49M | -223.77M |
| Depreciation & amortization | 157.90M | 161.74M | 167.31M | 285.82M | 191.56M | 174.66M |
| Free cash flow | -254.34M | -282.36M | -283.88M | -389.22M | -327.55M | -238.54M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 100.14M | 219.20M | 252.55M | -3.33M | 0 | 0 |
| Ending cash balance | 208.22M | 121.48M | 838.39M | 559.13M | 525.65M | 433.27M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -248.60 | -107.09 | -6.63 | -7.27 | -128.49 | 26.09 | 18.84 | -34.51 |
| ROA %i | -126.54 | -59.54 | -6.53 | -4.11 | -51.96 | 16.39 | 12.31 | -18.62 |
| ROIC %i | -169.73 | -70.72 | -6.59 | -4.12 | -52.09 | 17.41 | 12.59 | -19.22 |
| 5-year avg ROE %i | -- | -- | -- | -- | -99.66 | -44.76 | -19.57 | -25.15 |
| EBIT margin %i | -663.97 | -292.36 | -239.29 | -7.70 | -589.03 | 74.31 | 95.91 | -145.51 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.33 | 0.81 | 198.38 | 60.82 | 10.63 | 30.51 | 4.94 | 1.27 |
| Quick ratioi | 1.12 | 0.37 | 149.67 | 26.27 | 3.97 | 10.58 | 4.18 | 1.08 |
| Debt / assetsi | 19.23 | 18.24 | 0.06 | 50.43 | 65.55 | 16.38 | 36.37 | 50.03 |
| LT debt / equityi | -- | 30.69 | 0.02 | 106.79 | 202.93 | 20.17 | 59.90 | 93.49 |
| Interest coveragei | -4.37 | -66.75 | -496.89 | -7.38 | -46.30 | 27.82 | 48.44 | -27.28 |
| Revenue CAGR (3Y) %i | -56.50 | -68.13 | 103.16 | 367.04 | 363.15 | 346.37 | 60.36 | 97.50 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -10.61 | 18.26 | 23.13 | -34.51 | -68.42 | -107.12 |
| ROA %i | -7.00 | 12.53 | 14.56 | -18.62 | -35.77 | -57.26 |
| ROIC %i | -7.25 | 13.02 | 15.03 | -19.22 | -36.92 | -59.98 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -55.27 | 108.95 | 132.19 | -145.51 | -225.83 | -446.87 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.79 | 0.54 | 2.09 | 1.27 | 1.84 | 0.89 |
| Quick ratioi | 0.56 | 0.32 | 1.87 | 1.08 | 1.63 | 0.76 |
| Debt / assetsi | 40.91 | 34.26 | 39.79 | 50.03 | 49.78 | 56.70 |
| LT debt / equityi | 62.70 | 47.88 | 63.80 | 93.49 | 101.40 | 119.06 |
| Interest coveragei | -17.97 | 26.24 | 27.89 | -27.28 | -39.87 | -84.38 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 08:39:42 · For reference only, not investment advice and not tailored to your situation.