MARKETS / NASDAQ / MARA
NASDAQ · FINANCE SERVICES · LARGE CAP

Mara Holdings, Inc. MARA

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$58.7M
▼ 39.2% vs FY2024
EPS · FY25
$-3.69
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-34.5%
Net margin · FY25
-2234.1%
Dividend coverage
Advertisement
AdSense · Leaderboard 728×90320×100
Result
USD 58.7M
Revenue, FY2025 · full 15-year series below
Revenue Net income
0.040.080.120.160.1-1.3201120142017202020232025
0.040.080.120.160.1-1.32016201920222025

The company lost 2234 cents on every revenue dollar this year.

Per share
USD -3.69
Diluted EPS, FY2025
EPS
0.81.62.4-3.69201120142017202020232025
0.81.62.4-3.692016201920222025

The company pays no cash dividend.

Profitability
-34.5%
Return on equity, FY2025
ROE
8162432-34.5%201120142017202020232025
8162432-34.5%2016201920222025
Operating margin-2085.5%
Net margin-2234.1%
Return on assets-18.6%

Each USD of equity lost 35 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD -521.6M
Share of profit-0.0%
Consecutive raises

Growth
+68.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+81.1%
+68.2%
+12.0%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.38B
Shares outstanding, FY2025
0.010.38201120142017202020232025
0.000.382016201920222025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

Advertisement
AdSense · Leaderboard 728×90300×250
Balance sheet
USD 7.3B
total assets, end of FY2025
Total assetsUSD 7.3B
EquityUSD 3.5B
CashUSD 547.1M
Gross debtUSD 3.6B
Net debtUSD 3.1B
Current ratio1.27×

Net debt stands at 88% of equity.

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Revenue $B
0.1
0.1
0.1
0.0
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
Operating income $B
−1.2
0.3
0.2
−0.7
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
−0.5
0.7
0.4
−0.6
0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
·
Income tax $B
−0.1
0.1
0.0
−0.0
0.0
0.0
·
0.0
−0.0
0.0
−0.0
−0.0
·
·
·
Net income $B
−1.3
0.5
0.3
−0.7
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
−3.69
1.72
1.06
−6.12
−0.30
−0.13
−0.53
−2.41
−4.80
−7.55
−1.19
−0.27
·
·
0.00
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−34.5
18.8
26.1
−130.0
−6.0
−6.6
−107.1
−248.6
·
−1691.9
−91.7
−17.3
−42.8
−352.4
·
Shares out B
0.38
0.34
0.24
0.15
0.10
0.08
0.01
0.01
0.01
0.00
0.01
0.01
0.01
0.00
0.01

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
43 of 43
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed