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MARA Holdings, Inc.

MARAFinancial ServicesNASDAQ

Capital Markets

PriceMA150MA200
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Financials · Annual
Revenue
$907.1M
+38.2% YoY
Net Income
-$1.31B
-342.3% YoY
EBITDA
-$547.1M
-151.7% YoY
Free Cash Flow
-$531.1M

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About MARA Holdings, Inc.

MARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. At a $5.48B 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.

Key stats
Market Cap$5.48B
Fwd P/E-16.62
EPS$-5.45
Beta5.43
52W Change+0.1%
ROE-67.3%
Analysis

The company holds $513.7M in cash, though total debt stands at $2.46B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$531.1M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. 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.

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