Income Statement MARA Holdings, Inc.

Equities

MARA

US5657881067

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 04:00:00 2026-01-12 pm EST			Pre-market 07:47:55 am
10.65 ^USD	+4.21%		10.72	+0.70%

Dec. 16	Bitcoin Market Decline a 'Healthy Retracement,' Says MARA's Thiel	MT
Dec. 01	Stocks Fall Pre-Bell as Investors Await Key Inflation Report, Fed Chair Powell's Remarks	MT

5039042dfb24f9ef4441f34.NgX9CXJv-MbzqzBRUGkrIJMeBtZxkdwIe4Gaqu9bkuE.YDabOEItrPKd_HE-BAhiGPArVeQV1p48Oc2txrkz3YgHcqliBR20pKD5eQ

Published financial data: MARA HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	4.36M	150M	118M	388M	656M
Other Revenues, Total	-	-	-	-	-
Total Revenues	4.36M	150M	118M	388M	656M
Cost of Goods Sold, Total	11.73M	198M	72.72M	223M	412M
Gross Profit	-7.37M	-47.52M	45.04M	164M	244M
Selling General & Admin Expenses, Total	1.59M	8.02M	56.74M	95.23M	272M
R&D Expenses	-	-	-	-	13.23M
Depreciation & Amortization - (IS)	-	-	78.71M	180M	404M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	22.92M
Other Operating Expenses	-	29.55M	273M	-331M	-814M
Other Operating Expenses, Total	1.59M	37.57M	408M	-56.74M	-102M
Operating Income	-8.96M	-85.09M	-363M	221M	346M
Interest Expense, Total	-20.98K	-1.57M	-14.98M	-10.35M	-13M
Interest And Investment Income	18.34K	677K	-	-	20.95M
Net Interest Expenses	-2.64K	-892K	-14.98M	-10.35M	7.95M
Income (Loss) On Equity Invest.	-	-	-	-617K	-1.5M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-247K	-952K	1.28M	-14.61M	289M
EBT, Excl. Unusual Items	-9.21M	-86.93M	-377M	195M	641M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	73.78M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	83.88M	-	-
Asset Writedown	-871K	-	-334M	-	-
Legal Settlements	-	-	-26.13M	-	-
Other Unusual Items	-365K	-	-55.67M	82.27M	-24.94M
EBT, Incl. Unusual Items	-10.45M	-13.15M	-709M	278M	617M
Income Tax Expense	-	23.02M	-21.84M	16.43M	75.5M
Earnings From Continuing Operations	-10.45M	-36.17M	-687M	261M	541M
Net Income to Company	-10.45M	-36.17M	-687M	261M	541M
Minority Interest	-	-	-	-	245K
Net Income - (IS)	-10.45M	-36.17M	-687M	261M	541M
Preferred Dividend and Other Adjustments	-	-	-	2.12M	-
Net Income to Common Incl Extra Items	-10.45M	-36.17M	-687M	259M	541M
Net Income to Common Excl. Extra Items	-10.45M	-36.17M	-687M	259M	541M
Per Share Items
Net EPS - Basic	-0.13	-0.36	-6.05	1.41	1.87
Basic EPS - Continuing Operations	-0.13	-0.36	-6.05	1.41	1.87
Basic Weighted Average Shares Outstanding	81.41M	99.34M	113M	184M	290M
Net EPS - Diluted	-0.13	-0.36	-6.05	1.06	1.72
Diluted EPS - Continuing Operations	-0.13	-0.36	-6.05	1.06	1.72
Diluted Weighted Average Shares Outstanding	81.41M	99.34M	113M	192M	312M
Normalized Basic EPS	-0.07	-0.55	-2.08	0.66	1.38
Normalized Diluted EPS	-0.07	-0.55	-2.08	0.63	1.29
Supplemental Items
EBITDA	-5.9M	-70.18M	-284M	400M	773M
EBITA	-8.89M	-85.02M	-363M	221M	369M
EBIT	-8.96M	-85.09M	-363M	221M	346M
EBITDAR	-5.76M	-70.15M	-284M	481M	881M
Total Revenues (As Reported)	4.36M	150M	-	-	-
Effective Tax Rate - (Ratio)	-	-175.01	3.08	5.92	12.25
Current Domestic Taxes	-	1.6K	734K	1.14M	2.28M
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	-	1.6K	734K	1.14M	2.28M
Deferred Domestic Taxes	-	23.02M	-22.57M	15.29M	73.22M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-	23.02M	-22.57M	15.29M	73.22M
Normalized Net Income	-5.76M	-54.33M	-236M	122M	401M
Interest on Long-Term Debt	20.98K	1.9M	18.92M	13.52M	-
Supplemental Operating Expense Items
General and Administrative Expenses	1.45M	7.99M	56.38M	95.23M	272M
Research And Development Expense From Footnotes	-	-	-	-	13.23M
Net Rental Expense, Total	133K	31.1K	356K	80.46M	108M
Imputed Operating Lease Interest Expense	32.11K	1.07K	56.43K	12.01M	8.04M
Imputed Operating Lease Depreciation	101K	30.03K	300K	68.45M	100M
Stock-Based Comp., COGS (Total)	1.26M	161M	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	24.6M	32.64M	158M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	1.26M	161M	24.6M	32.64M	158M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	141M	269M	104M	357M	392M
Short Term Investments	-	224M	-	-	-
Total Cash And Short Term Investments	141M	492M	104M	357M	392M
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	74.77M	-	18K	2.09M	6.34M
Notes Receivable	-	30M	-	-	-
Total Receivables	74.77M	30M	18K	2.09M	6.34M
Prepaid Expenses	2.4M	8.15M	40.83M	23.5M	35.61M
Restricted Cash	-	-	8.8M	-	12M
Other Current Assets, Total	67.92M	158M	124M	647M	24.65M
Total Current Assets	286M	688M	278M	1.03B	470M
Gross Property Plant And Equipment	23.9M	298M	291M	868M	2.15B
Accumulated Depreciation	-6.48M	-21.31M	-16.62M	-196M	-594M
Net Property Plant And Equipment	17.42M	276M	274M	672M	1.56B
Long-term Investments	-	3M	37M	106M	111M
Goodwill	-	-	-	-	82.75M
Other Intangibles, Total	1M	931K	-	-	2.71M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	8.42M	480M	606M	183M	4.58B
Total Assets	313M	1.45B	1.2B	1.99B	6.8B
Liabilities
Accounts Payable, Total	400K	12.93M	1.31M	11.34M	12.56M
Accrued Expenses, Total	600K	867K	23.3M	22.29M	76.89M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	122K	-	326K	124K	407K
Other Current Liabilities	322K	-	1.17M	-	5.35M
Total Current Liabilities	1.44M	13.79M	26.11M	33.76M	95.2M
Long-Term Debt	62.5K	728M	782M	326M	2.45B
Long-Term Leases	-	-	1.02M	354K	26.69M
Deferred Tax Liability Non Current	-	23.02M	-	15.29M	88.5M
Other Non Current Liabilities	-	-	-	-	8.41M
Total Liabilities	1.51M	765M	809M	375M	2.67B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	8.2K	10.27K	15K	24K	34K
Additional Paid In Capital	428M	836M	1.23B	2.18B	4.16B
Retained Earnings	-116M	-152M	-840M	-568M	-26.39M
Comprehensive Income and Other	-451K	-451K	-	-	-
Total Common Equity	312M	683M	386M	1.62B	4.13B
Minority Interest	-	-	-	-	6.91M
Total Equity	312M	683M	386M	1.62B	4.14B
Total Liabilities And Equity	313M	1.45B	1.2B	1.99B	6.8B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	98.8M	103M	167M	268M	346M
ECS Total Common Shares Outstanding	81.97M	103M	146M	243M	340M
Book Value / Share	3.8	6.65	2.65	6.65	12.13
Tangible Book Value	311M	682M	386M	1.62B	4.04B
Tangible Book Value Per Share	3.79	6.64	2.65	6.65	11.88
Total Debt	184K	728M	784M	326M	2.47B
Net Debt	-141M	236M	680M	-31.18M	2.08B
Debt Equivalent Oper. Leases	1.06M	249K	2.85M	644M	867M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	6.91M
Equity Method Investments, Total	-	-	-	-	57.45M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	3.51M
Buildings, Total	-	-	-	-	86.88M
Machinery, Total	12.99M	-	117M	862M	1.83B
Full Time Employees	3	10	30	60	152
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-10.45M	-36.17M	-687M	261M	541M
Depreciation & Amortization - CF	3.09M	15.03M	78.71M	180M	405M
Amortization of Goodwill and Intangible Assets - (CF)	71.18K	71.18K	-	-	22.92M
Depreciation & Amortization, Total	3.16M	15.1M	78.71M	180M	427M
Amortization of Deferred Charges, Total - (CF)	-	-	26.73M	3.17M	2.71M
Minority Interest in Earnings - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-83.88M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-73.78M	-	-	-
Asset Writedown & Restructuring Costs	871K	-	390M	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	617K	1.5M
Stock-Based Compensation (CF)	1.18M	161M	24.6M	32.64M	158M
Provision and Write-off of Bad Debts	-	-	-	-	8.38M
Other Operating Activities, Total	1.29M	53.55M	251M	-381M	-1.02B
Change In Accounts Receivable	-	-	-	-	-9.32M
Change In Accounts Payable	-23.32K	11.93M	13.22M	146K	13.2M
Change in Other Net Operating Assets	-3.8M	-150M	-190M	-412M	-803M
Cash from Operations	-7.77M	-18.22M	-176M	-316M	-677M
Capital Expenditure	-83.39M	-709M	-525M	-187M	-1.07B
Sale of Property, Plant, and Equipment	-	-	178M	-	3.51M
Cash Acquisitions	-	-	-	-	-336M
Sale (Purchase) of Intangible assets	-	-	-	-	-2.63M
Investment in Marketable and Equity Securities, Total	-	-153M	-44.5M	-71.8M	-31.61M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-30M	-	-	-
Other Investing Activities, Total	2.1M	-	849K	263M	-1.79B
Cash from Investing	-81.29M	-892M	-390M	4.6M	-3.23B
Short Term Debt Issued, Total	-	77.5M	120M	-	-
Long-Term Debt Issued, Total	62.5K	729M	49.25M	-	2.18B
Total Debt Issued	62.5K	806M	169M	-	2.18B
Short Term Debt Repaid, Total	-	-77.5M	-120M	-	-
Long-Term Debt Repaid, Total	-	-	-	-50M	-248M
Total Debt Repaid	-	-77.5M	-120M	-50M	-248M
Issuance of Common Stock	237M	326M	361M	608M	1.85B
Repurchase of Common Stock	-	-4.71M	-81K	-380K	-37.4M
Issuance of Preferred Stock	-	-	-	13.63M	-
Repurchase of Preferred Stock	-	-	-	-15.75M	-
Other Financing Activities, Total	-7.07M	-12.98M	-	-	207M
Cash from Financing	230M	1.04B	411M	556M	3.95B
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	141M	127M	-156M	245M	46.46M
Supplemental Items
Cash Interest Paid	-	-	11.43M	7.39M	678K
Cash Income Tax Paid (Refund)	-	-	-	723K	1.15M
Levered Free Cash Flow	-229M	-625M	-375M	-330M	380M
Unlevered Free Cash Flow	-229M	-624M	-369M	-327M	386M
Change In Net Working Capital	145M	38.29M	-256M	491M	-655M
Net Debt Issued / Repaid	62.5K	729M	49.25M	-50M	1.93B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-3.5	-6.04	-17.2	8.67	4.92
Return on Total Capital	-3.54	-6.17	-17.59	8.87	5.06
Return On Equity %	-6.63	-7.27	-128.6	26.09	18.81
Return on Common Equity	-6.63	-7.27	-128.6	25.88	18.84
Margin Analysis
Gross Profit Margin %	-169.22	-31.58	38.25	42.37	37.22
SG&A Margin	36.44	5.33	48.18	24.57	41.45
EBITDA Margin %	-135.35	-46.64	-241.52	103.33	117.74
EBITA Margin %	-204.03	-56.5	-308.36	57.01	56.24
EBIT Margin %	-205.67	-56.55	-308.36	57.01	52.75
Income From Continuing Operations Margin %	-239.77	-24.04	-583.2	67.4	82.42
Net Income Margin %	-239.77	-24.04	-583.2	67.4	82.46
Net Avail. For Common Margin %	-239.77	-24.04	-583.2	66.85	82.46
Normalized Net Income Margin	-132.12	-36.11	-200	31.5	61.12
Levered Free Cash Flow Margin	-5.26K	-415.7	-318.33	-85.27	57.94
Unlevered Free Cash Flow Margin	-5.26K	-415.05	-313.73	-84.42	58.77
Asset Turnover
Asset Turnover	0.03	0.17	0.09	0.24	0.15
Fixed Assets Turnover	0.41	1.02	0.43	0.82	0.59
Receivables Turnover (Average Receivables)	-	-	-	-	-
Short Term Liquidity
Current Ratio	198.38	49.89	10.63	30.51	4.94
Quick Ratio	149.67	35.69	3.97	10.65	4.18
Operating Cash Flow to Current Liabilities	-5.38	-1.32	-6.76	-9.35	-7.11
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Average Days Payable Outstanding	25.55	12.84	22.8	10.34	10.61
Long Term Solvency
Total Debt/Equity	0.06	106.64	203.01	20.18	59.81
Total Debt / Total Capital	0.06	51.61	67	16.79	37.43
LT Debt/Equity	0.02	106.64	202.93	20.17	59.8
Long-Term Debt / Total Capital	0.02	51.61	66.97	16.79	37.42
Total Liabilities / Total Assets	0.48	52.84	67.71	18.84	39.19
EBIT / Interest Expense	-427.08	-54.21	-24.24	21.34	26.64
EBITDA / Interest Expense	-274.71	-44.58	-18.96	46.46	67.8
(EBITDA - Capex) / Interest Expense	-4.25K	-496.2	-54	28.44	-14.39
Total Debt / EBITDA	-0.03	-10.41	-2.76	0.68	2.81
Net Debt / EBITDA	24.48	-3.37	-2.39	-0.06	2.36
Total Debt / (EBITDA - Capex)	-0	-0.94	-0.97	1.11	-13.23
Net Debt / (EBITDA - Capex)	1.58	-0.3	-0.84	-0.11	-11.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	267.65	3.35K	-26.02	229.09	69.38
Gross Profit, 1 Yr. Growth %	165.97	544.42	-65.8	264.51	48.83
EBITDA, 1 Yr. Growth %	110.87	1.09K	-12.79K	-236.17	93.01
EBITA, 1 Yr. Growth %	138.99	856.25	2.77K	-159.26	67.1
EBIT, 1 Yr. Growth %	136.38	849.45	2.77K	-159.26	56.72
Earnings From Cont. Operations, 1 Yr. Growth %	197.06	246.24	1.75K	-137.63	107.15
Net Income, 1 Yr. Growth %	197.06	246.24	1.75K	-137.63	107.24
Normalized Net Income, 1 Yr. Growth %	183.32	843.97	2.5K	-150.54	228.59
Diluted EPS Before Extra, 1 Yr. Growth %	-75.68	180.12	1.52K	-117.3	62.77
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	330	1.49K	-0.7	145.06	131.84
Total Assets, 1 Yr. Growth %	4.63K	362.33	-17.25	66.57	241.61
Tangible Book Value, 1 Yr. Growth %	11.97K	119.5	-43.34	318.7	150.23
Common Equity, 1 Yr. Growth %	8.45K	119.1	-43.42	318.7	155.52
Cash From Operations, 1 Yr. Growth %	134.24	134.36	830.51	78.86	114.48
Capital Expenditures, 1 Yr. Growth %	1.6M	750.12	-25.95	-64.46	472.56
Levered Free Cash Flow, 1 Yr. Growth %	94.19K	172.67	-53.31	-13.25	-215.21
Unlevered Free Cash Flow, 1 Yr. Growth %	109K	172.26	-53.93	-12.88	-218.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	67	1.03K	419.87	56.03	136.1
Gross Profit, 2 Yr. CAGR %	39.79	314	843.42	11.66	132.92
EBITDA, 2 Yr. CAGR %	9.33	400.94	595.28	479.69	62.11
EBITA, 2 Yr. CAGR %	13.2	378.05	537.05	759.84	-0.49
EBIT, 2 Yr. CAGR %	13.12	373.74	537.05	759.84	-3.63
Earnings From Cont. Operations, 2 Yr. CAGR %	-9.7	220.71	710.74	195.98	-11.71
Net Income, 2 Yr. CAGR %	-9.7	220.71	710.74	195.98	-11.69
Normalized Net Income, 2 Yr. CAGR %	8.78	417.09	527.32	534.95	28.87
Diluted EPS Before Extra, 2 Yr. CAGR %	-76.93	-17.11	586.72	87.81	-46.94
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	310.39	725.65	296.76	55.99	138.36
Total Assets, 2 Yr. CAGR %	676.56	1.38K	95.34	17.41	138.54
Tangible Book Value, 2 Yr. CAGR %	1.22K	1.53K	11.45	54.02	223.68
Common Equity, 2 Yr. CAGR %	933.1	1.27K	11.27	53.92	227.09
Cash From Operations, 2 Yr. CAGR %	-2.86	134.3	376.49	307.98	95.86
Capital Expenditures, 2 Yr. CAGR %	298.48	36.73K	150.9	-48.7	42.64
Levered Free Cash Flow, 2 Yr. CAGR %	365.74	4.97K	27.81	-35.6	-0.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	348.89	5.34K	26.88	-35.88	1.36
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	103.16	358.37	363.15	346.37	60.36
Gross Profit, 3 Yr. CAGR %	0.27	132.65	153.26	587.14	22.88
EBITDA, 3 Yr. CAGR %	-15.08	142.3	366.75	308.29	301.78
EBITA, 3 Yr. CAGR %	-2.71	130.55	360.42	191.19	398.04
EBIT, 3 Yr. CAGR %	-7.92	129.89	357.52	191.19	387.52
Earnings From Cont. Operations, 3 Yr. CAGR %	-30.66	41.33	480.15	192.39	162.78
Net Income, 3 Yr. CAGR %	-30.66	41.33	480.15	192.39	162.82
Normalized Net Income, 3 Yr. CAGR %	-39.94	123.52	387.55	173.24	409.77
Diluted EPS Before Extra, 3 Yr. CAGR %	-81.17	-46.74	125.19	102.05	79.06
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	543.94	307.55	237.89	78.02
Total Assets, 3 Yr. CAGR %	175.03	553.28	465.2	85.24	67.61
Tangible Book Value, 3 Yr. CAGR %	247.92	626.87	431.25	73.25	81.07
Common Equity, 3 Yr. CAGR %	248.14	516.09	372.97	73.06	82.25
Cash From Operations, 3 Yr. CAGR %	-10.4	30.28	276.05	243.72	229.27
Capital Expenditures, 3 Yr. CAGR %	2.1K	412.98	4.55K	30.79	14.64
Levered Free Cash Flow, 3 Yr. CAGR %	293.43	289.66	1.06K	12.92	-21.85
Unlevered Free Cash Flow, 3 Yr. CAGR %	276.92	280.02	1.11K	12.55	-21.45
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-25.49	32.65	195.84	201.23	253.73
Gross Profit, 5 Yr. CAGR %	53.38	59.32	43.84	112.67	144.92
EBITDA, 5 Yr. CAGR %	-8.22	53.75	96.82	140.92	207.81
EBITA, 5 Yr. CAGR %	-0.38	59.78	106.56	99.8	150.8
EBIT, 5 Yr. CAGR %	-14.74	160.33	99.53	99.42	146.67
Earnings From Cont. Operations, 5 Yr. CAGR %	-9.21	4.64	85.42	82.75	173.78
Net Income, 5 Yr. CAGR %	-9.21	4.76	85.42	82.75	173.81
Normalized Net Income, 5 Yr. CAGR %	-17.45	101.96	54.71	90.5	187.79
Diluted EPS Before Extra, 5 Yr. CAGR %	-63.22	-58.68	-20.63	-15.17	26.59
Net Property, Plant and Equip., 5 Yr. CAGR %	209.56	527.79	-	265.22	228.85
Total Assets, 5 Yr. CAGR %	46	139.74	139.85	228.63	300.26
Tangible Book Value, 5 Yr. CAGR %	78.26	99.36	120.66	290.65	335.74
Common Equity, 5 Yr. CAGR %	89.74	137.06	120.6	253.66	308.1
Cash From Operations, 5 Yr. CAGR %	21.29	12.36	74.82	107.33	189.69
Capital Expenditures, 5 Yr. CAGR %	327.52	866.91	824.14	104.22	1.05K
Levered Free Cash Flow, 5 Yr. CAGR %	175.83	147.8	150.96	99.06	335.35
Unlevered Free Cash Flow, 5 Yr. CAGR %	123.74	135.3	143.88	95.76	349.27