MARA Holdings, Inc.
MARANasdaq
$10.69
↓ -6.4%Jul 17 close · end-of-day
Price
1Y↓ -45.0%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$4.1B
Enterprise Value
$6.0B
P/E
—
P/S
4.7
P/B
1.8
EV/EBITDA
—
PEG
—
FCF Yield
-31.6%
Dividend Yield
—
Revenue (TTM)
$867.8M
Net Income (TTM)
—
Free Cash Flow (TTM)
-$1.3B
Gross Margin
—
Operating Margin
-201.0%
Net Margin
—
ROE
—
ROIC
-33.3%
Debt / Equity
1.1
Net Cash
-$1.9B
Return 1Y
-46.5%
Company profile
Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies. As of December 31, 2021, it had approximately 8,115 bitcoins. The company was formerly known as Marathon Patent Group.
- CEO
- Frederick G. Thiel
- Sector
- Services
- Industry
- Business Services
- Employees
- 9
- Headquarters
- Florida
- Website
- marathondh.com
Management & directors
- Khan Salman HassanChief Financial Officer
- Nowaid ZabiGeneral Counsel
- Thiel Frederick GChief Executive Officer
Roles derived from SEC Form 4 filings.
Earnings
MARA Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$174.6M↓ -18.4%
Diluted EPS-$3.31↑ +113.5%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $4.4M | $159.2M | $117.8M | $387.5M | $656.4M | $907.1M |
| Gross profit | — | $116.8M | -$33.7M | — | — | — |
| Operating income | -$9.8M | -$3.0M | -$673.5M | $220.9M | $306.1M | -$1.2B |
| Net income | -$10.4M | -$29.8M | -$694.0M | $259.1M | $541.3M | -$1.3B |
| Diluted EPS | -$0.13 | -$0.30 | -$6.12 | $1.06 | $1.72 | -$3.69 |
| Operating cash flow | -$7.8M | -$19.0M | -$176.5M | -$315.7M | -$677.0M | -$802.7M |
| Free cash flow | -$25.5M | -$292.8M | -$217.6M | -$343.3M | -$927.8M | -$1.2B |
| Gross margin | — | 73.4% | -28.6% | — | — | — |
| Operating margin | -225.3% | -1.9% | -572.0% | 57.0% | 46.6% | -135.0% |
| Net margin | -239.8% | -18.7% | -589.4% | 66.9% | 82.5% | -144.6% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $145.1M | $131.6M | $214.4M | $213.9M | $238.5M | $252.4M | $202.3M | $174.6M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | -$232.4M | -$172.2M | $341.0M | -$541.1M | $679.8M | $47.6M | -$1.4B | -$1.1B |
| Net income | -$199.7M | -$124.8M | $528.5M | — | — | — | — | — |
| Diluted EPS | -$0.72 | -$0.42 | $1.60 | -$1.55 | $1.84 | $0.27 | -$4.25 | -$3.31 |
| Operating cash flow | -$115.2M | -$160.1M | -$313.4M | -$215.5M | -$163.4M | -$199.0M | -$224.7M | -$247.5M |
| Free cash flow | -$132.4M | -$198.1M | -$499.9M | -$254.3M | -$282.4M | -$283.9M | -$389.2M | -$327.0M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | -160.1% | -130.8% | 159.1% | -253.0% | 285.0% | 18.9% | -697.2% | -607.9% |
| Net margin | -137.6% | -94.8% | 246.5% | — | — | — | — | — |
Company news
Jul 17, 2026
Jul 16, 2026
Jul 15, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-01 | Thiel Frederick G· Chief Executive Officer | Tax withholding | 63,101 | $13.89 | $876,472.89 | filing |
| 2026-07-01 | Khan Salman Hassan· Chief Financial Officer | Tax withholding | 61,515 | $13.89 | $854,443.35 | filing |
| 2026-07-01 | Nowaid Zabi· General Counsel | Tax withholding | 20,924 | $13.89 | $290,634.36 | filing |
| 2026-06-22 | MELLINGER DOUGLAS K | Sale | 7,000 | $16.00 | $112,000.00 | filing |
| 2026-06-17 | Thiel Frederick G· Chief Executive Officer | Sale | 27,505 | $14.25 | $391,946.25 | filing |
| 2026-06-17 | Khan Salman Hassan· Chief Financial Officer | Sale | 16,000 | $14.25 | $228,000.00 | filing |
| 2026-06-17 | Nowaid Zabi· General Counsel | Sale | 7,000 | $14.25 | $99,750.00 | filing |
| 2026-05-18 | Thiel Frederick G· Chief Executive Officer | Sale | 27,505 | $12.00 | $330,060.00 | filing |
| 2026-05-18 | Thiel Frederick G· Chief Executive Officer | Tax withholding | 27,316 | $11.46 | $313,041.36 | filing |
| 2026-05-18 | Khan Salman Hassan· Chief Financial Officer | Sale | 16,000 | $12.00 | $192,000.00 | filing |
| 2026-05-18 | Nowaid Zabi· General Counsel | Sale | 8,250 | $12.00 | $99,000.00 | filing |
| 2026-05-18 | Nowaid Zabi· General Counsel | Tax withholding | 4,248 | $11.46 | $48,682.08 | filing |
| 2026-04-30 | Thiel Frederick G· Chief Executive Officer | Tax withholding | 80,884 | $11.99 | $969,799.16 | filing |
| 2026-04-30 | Khan Salman Hassan· Chief Financial Officer | Tax withholding | 65,456 | $11.99 | $784,817.44 | filing |
| 2026-04-30 | Nowaid Zabi· General Counsel | Tax withholding | 23,781 | $11.99 | $285,134.19 | filing |
| 2026-04-17 | Nowaid Zabi· General Counsel | Sale | 42,090 | $12.00 | $505,080.00 | filing |
| 2026-04-17 | Thiel Frederick G· Chief Executive Officer | Sale | 27,505 | $11.68 | $321,258.40 | filing |
| 2026-04-17 | Khan Salman Hassan· Chief Financial Officer | Sale | 16,000 | $11.68 | $186,880.00 | filing |
| 2026-04-01 | Thiel Frederick G· Chief Executive Officer | Tax withholding | 36,230 | $8.16 | $295,636.80 | filing |
| 2026-04-01 | Khan Salman Hassan· Chief Financial Officer | Tax withholding | 30,820 | $8.16 | $251,491.20 | filing |
| 2026-04-01 | Nowaid Zabi· General Counsel | Tax withholding | 12,328 | $8.16 | $100,596.48 | filing |
| 2026-04-01 | Khan Salman Hassan· Chief Financial Officer | Tax withholding | 9,452 | $8.04 | $75,994.08 | filing |
| 2026-03-17 | Thiel Frederick G· Chief Executive Officer | Sale | 27,505 | $9.18 | $252,495.90 | filing |
| 2026-03-17 | Khan Salman Hassan· Chief Financial Officer | Sale | 16,000 | $9.18 | $146,880.00 | filing |
| 2026-02-20 | Thiel Frederick G· Chief Executive Officer | Tax withholding | 91,356 | $7.50 | $685,170.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.