MARA Holdings, Inc.
Company Stats
- Market Cap
- $4.4B
- as of Sep 30, 2026
- Enterprise Value
- $7.5B
- Shares Outstanding
- 386.3M
- Free Float
- 95.6%
Income Statement
- Revenue
- $907.1M
- Operating Income
- -$1.2B
- Net Income
- -$1.3B
- EBITDA
- -$466.1M
- Non-cash Impairment
- $109.0M
- Revenue Growth, 3Y
- 97.5%
- FCF Margin, 3Y Avg
- -121.1%
- FCF Margin, Worst Year
- -141.4%
Cash Flow
- Free Cash Flow
- -$1.2B
- FCF Yield
- -27.6%
- Owner FCF Yield
- -31.6%
Balance Sheet
- Cash & Equivalents
- $547.1M
- Total Debt
- $3.6B
- Net Debt
- $3.1B
Returns & Capital
- Share Repurchases
- $46.9M
- Buyback Yield, 3Y Avg
- 0.6%
- SBC, 3Y Avg
- $120.9M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $907.1M | -$1.2B | -133.4% |
| FY2024 | $656.4M | -$927.8M | -141.4% |
| FY2023 | $387.5M | -$343.3M | -88.6% |
| FY2022 | $117.8M | -$217.6M | -184.8% |
| FY2021 | $159.2M | -$292.8M | -184.0% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Data-Center Power Demand Meets Contracts and Supply Limits
Stronger demand supports expansion as pricing diverges