FY2025 · ended Dec 31, 2025 · Revenue $58.70M, -39.2% YoY · Filed Mar 2, 2026
Mara Holdings, Inc. (MARA) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $58.7 million and a net loss of $1.3 billion. Free cash flow was -$1.2 billion. As of Jun 30, 2026 it held $421.3 million in cash and investments and $2.5 billion in total debt.
Revenue (TTM)
$59.98M
+0.8% vs year-ago TTM
Net income (TTM)
$-3.46B
-610.2% vs year-ago TTM
Operating cash flow (TTM)
$-895.05M
-5.0% vs year-ago TTM
Free cash flow (TTM)
$-1.24B
-0.3% vs year-ago TTM
EPS (TTM)
$-10.54
-706.1% vs year-ago TTM
Dividend per share
None
Shares outstanding
380.23M
+10.0% vs prior year
Net cash
$-2.04B
as of Jun 30, 2026
Operating margin
-4911.3%
FY 2026
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- MARA (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Hallandale Beach, FL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1507605
- Former names
- MARATHON DIGITAL HOLDINGS, INC. (until Aug 14, 2024); Marathon Patent Group, Inc. (until Feb 19, 2021); American Strategic Minerals Corp (until Feb 20, 2013); VERVE VENTURES INC (until Dec 9, 2011)
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $58.7M | $96.5M | $57.7M | $9.9M | $24.2M |
| Operating income | -$1.2B | $306.1M | $220.9M | -$673.5M | -$3.0M |
| Net income | -$1.3B | $541.3M | $261.2M | -$694.0M | -$29.8M |
| Diluted EPS | -$3.69 | $1.72 | $1.06 | — | -$0.30 |
| Operating cash flow | -$802.7M | -$677.0M | -$315.7M | -$176.5M | -$19.0M |
| Free cash flow | -$1.2B | -$927.8M | -$343.3M | -$217.6M | — |
| Total assets | $7.3B | $6.8B | $2.0B | $1.2B | $1.4B |
| Total liabilities | — | — | — | — | $765.2M |
| Stockholders' equity | $3.5B | $4.1B | $1.6B | $385.9M | $682.1M |
| Cash and investments | $547.1M | $391.8M | $357.3M | $103.7M | $492.5M |
| Total debt | $3.6B | $2.5B | $326.1M | $783.5M | $728.4M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement
|
Sep 25, 2026 | Sep 21, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 6, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Aug 4, 2026 | Jul 29, 2026 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets, Regulation FD disclosure
|
Jul 9, 2026 | Jul 2, 2026 |
| 8-K |
Current report
Other events
|
Jun 25, 2026 | Jun 25, 2026 |
All 1001 Mara Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.