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MARA stock logo

MARA

Marathon Digital Holdings, Inc.

$13.31
-0.47
 (-3.41%)
Exchange:  NASDAQ
Market Cap:  5.075B
Shares Outstanding:  118573
Delayed data
Calculate MARA Intrinsic Value
5-year outlook →
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Financial Services
Industry:  Financial – Capital Markets
   
CEO:  Frederick G. Thiel
Full Time Employees:  171
Address: 
1180 North Town Center Drive
Las Vegas
NV
89144
US
Website:  https://www.marathondh.com
Marathon Digital Holdings, Inc. is a technology firm specializing in digital assets. Its core business involves mining cryptocurrencies, with a strategic focus on developing the blockchain ecosystem and generating new digital assets primarily within the United States. By the close of 2021, the company held roughly 8,115 bitcoins, 4,794 of which were managed within an investment fund. Founded in 2010, the company, headquartered in Las Vegas, Nevada, adopted its current name in February 2021, having previously been known as Marathon Patent Group, Inc.

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Revenue Segmentation

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EPS

Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.

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View full analyst estimates

Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/05/11 — Q1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue387,508656,378907,093
Gross Profit-15,343-159,373-432,943
EBITDA467,4621,056,124-49,401
Operating Income220,911306,111-822,169
Net Income261,173541,253-1,311,480

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets1,990,9736,801,3177,651,541
Total Liabilities375,0522,665,3750
Total Stockholders Equity1,615,9214,129,0330
Total Debt326,1322,473,6710
Cash and Cash Equivalents357,313391,7710

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow-315,651-677,0220
Capital Expenditure-27,611-253,4580
Free Cash Flow-343,262-930,4800
Net Income261,173541,008-4,699
Net Change in Cash244,80846,4580

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2029Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)684,278.979Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)939,157.754Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)806,793.300Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)131,082.661Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)179,908.052Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)154,551.895Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)-479,998.327Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)-317,523.367Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)-395,621.166Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)389,276.078Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)534,272.802Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)458,972.643Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)-1.110Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)-0.890Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)-1.350Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)3Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)2Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
656.378M  ?P/S
 (TTM)
: 
5.41
?Net Income
 (TTM)
: 
541.253M  ?P/E
 (TTM)
: 
-2.3
?Enterprise Value
 (TTM)
: 
6.636B  ?EV/FCF
 (TTM)
: 
-17.23
?Dividend Yield
 (TTM)
: 
0  ?Payout Ratio
 (TTM)
: 
0
?ROE
 (TTM)
: 
-0.52  ?ROIC
 (TTM)
: 
0.03
?Net Debt
 (TTM)
: 
2.066B  ?Debt/Equity
 (TTM)
: 
1.1
?P/B
 (TTM)
: 
2.1  ?Current Ratio
 (TTM)
: 
1.84

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
N/AFull AccessFull AccessFull AccessFull Access

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SWOT Analysis

Strengths (preview)
  • Reported record-high revenues, net income, and adjusted EBITDA for Q4 2024, demonstrating operational scale in Bitcoin mining.
  • Outlined strategic expansion of energy and technology capabilities to support dual exposure in Bitcoin mining and AI markets.

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At what price to buy it? -
Intrinsic Value Calculator

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

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Common questions about MARA valuation

Is Marathon Digital Holdings, Inc. (MARA) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Marathon Digital Holdings, Inc. (MARA) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is MARA a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MARA trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is MARA’s P/E ratio?

You can see MARA’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for MARA?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is MARA a good long-term investment?

Whether MARA fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

MARA

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-3.41
MARKETSnap

Trading Metrics:

Open: 14   Previous Close: 13.78
Day Low: 12.64   Day High: 14.4
Year Low: 6.66   Year High: 23.45
Price Avg 50: 11.77   Price Avg 200: 12.62
Volume: 47.998M   Average Volume: 44.955M

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MARA full analysis

26/05/2026

Hey everyone, welcome back to the channel. Today we're diving deep into Marathon Digital Holdings, ticker MARA, a company that's been making waves in the digital infrastructure space while still tied closely to Bitcoin mining. If you're thinking about adding this to your portfolio, stick around because we're covering everything from the latest earnings to valuation and what the future might hold. Let's kick things off with a quick look at where MARA stands right now. The stock has shown…

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See in Nexus

Relevant news

A Look at MARA Holdings Inc (MARA) After 11.8% Gain -- GF Value $16.78 vs Price $13.78
08-06-2026 19:29
A Look at MARA Holdings Inc (MARA) After 11.8% Gain -- GF Value $16.78 vs Price $13.78
MARA: A $1.5 Billion Acquisition Just Transformed Its Identity
04-06-2026 03:38
MARA: A $1.5 Billion Acquisition Just Transformed Its Identity
MARA Announces Expiration and Results of the Consent Solicitation for the 8.750% Senior Secured Notes due 2032 of Long Ridge Energy LLC
15-05-2026 17:15
MARA Announces Expiration and Results of the Consent Solicitation for the 8.750% Senior Secured Notes due 2032 of Long Ridge Energy LLC
MARA Barely Moves Since Missing Q1 Earnings & Revenue Estimates
15-05-2026 13:06
MARA Barely Moves Since Missing Q1 Earnings & Revenue Estimates
Marathon Digital Q1 Earnings Call Highlights
11-05-2026 21:07
Marathon Digital Q1 Earnings Call Highlights
MARA Holdings, Inc. (MARA) Q1 2026 Earnings Call Transcript
11-05-2026 19:40
MARA Holdings, Inc. (MARA) Q1 2026 Earnings Call Transcript

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