MARA Holdings financials
$11.99−0.99%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $907.1M | $656.4M | $387.5M | $117.8M | $159.2M | $4.4M | $1.2M | $1.6M | $519.6K | $36.6M |
| Gross profit | $339.8M | $237.1M | $160.9M | -$33.7M | $116.8M | -$2.6M | -$1.3M | -$1.8M | -$3.0M | $10.1M |
| Gross margin | 37.5% | 36.1% | 41.5% | −28.6% | 73.4% | −58.7% | −109.4% | −114.5% | −568.0% | 27.6% |
| Operating income | -$960.0M | -$505.7M | -$110.6M | -$657.9M | -$79.8M | -$9.8M | -$4.2M | -$12.1M | -$14.2M | -$15.6M |
| Net income | -$1.31B | $541.3M | $259.1M | -$694.0M | -$29.8M | -$10.4M | -$3.5M | -$12.8M | -$31.3M | -$28.7M |
| Net margin | −144.6% | 82.5% | 66.9% | −589.4% | −18.7% | −239.8% | −296.7% | −820.2% | −6030.1% | −78.3% |
| Diluted EPS | $-3.69 | $1.72 | $1.06 | $-6.12 | $-0.30 | $-0.13 | $-0.53 | $-2.41 | $-19.20 | $-30.20 |
| EBITDA | -$49.4M | -$38.4M | $75.0M | $11.1M | -$42.7M | -$5.9M | -$2.7M | -$7.8M | -$9.6M | $8.2M |
| Operating cash flow | -$802.7M | -$677.0M | -$315.7M | -$176.5M | -$634.0M | -$7.8M | -$3.3M | -$8.2M | -$10.8M | $10.2M |
| Free cash flow | -$1.21B | -$927.8M | -$343.3M | -$217.6M | -$907.9M | -$25.5M | -$3.3M | -$13.5M | -$10.8M | $10.2M |
| Diluted shares | 355.2M | 311.8M | 192.3M | 113.5M | 99.3M | 81.4M | 6.7M | 5.3M | 1.6M | 0.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $547.1M | $391.8M | $357.3M | $103.7M | $268.6M | $141.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | $2.3M |
| Total debt | $3.60B | $2.45B | $325.7M | $783.2M | $729.3M | $62.5K |
| Total assets | $7.29B | $6.80B | $1.99B | $1.20B | $1.44B | $313.3M |
| Total liabilities | $3.81B | $2.67B | $375.1M | $809.3M | $762.2M | $1.5M |
| Shareholders' equity | $3.48B | $4.14B | $1.62B | $385.9M | $682.1M | $311.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology