MARA Holdings, Inc.
MARAFinancial ServicesNASDAQCapital Markets · Last scanned Jul 18, 2026
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Daily timeframeMARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. At a $4.08B market cap, MARA Holdings, Inc. ranks as a mid-cap company within financial services. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications.
Market Cap
$4.08B
Beta
5.37
P/E (TTM)
—
P/E (Fwd)
-15.72
EPS (TTM)
$-5.10
EPS (Fwd)
$-0.68
ROE
-67.3%
ROA
-15.6%
Cash
$513.7M
Total Debt
$2.46B
Free CF
-$531.1M
52W Change
-45.2%
Annual Financials
Cash vs Debt
On the balance sheet, MARA has $513.7M in cash with $2.46B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$531.1M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -67.3% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $117.8M (2022) to $907.1M (2025), reflecting a 670% increase over the period.
With a beta above 1.5, MARA tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for MARA Holdings, Inc. and its sector.