MARA Holdings, Inc (MARA)
NASDAQ:MARA
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MARA Stock Chart & Stats
$11.60
-$1.05(-5.51%)
At close: 4:00 PM EST
$11.60
-$1.05(-5.51%)
Day’s Range― - ―
52-Week Range$6.66 - $23.45
Previous CloseN/A
Volume14.21M
Average Volume (3M)44.11M
Market Cap
$5.36B
Enterprise Value$7.42B
Total Cash (Recent Filing)$527.56M
Total Debt (Recent Filing)$2.46B
Price to Earnings (P/E)―
Beta2.39
Next Earnings
Aug 12, 2026EPS Estimate
0.25Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.50
Shares Outstanding381,270,500
10 Day Avg. Volume39,593,919
30 Day Avg. Volume44,114,071
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.92
Price to Sales (P/S)3.52
P/FCF Ratio-10.21
Enterprise Value/Market Cap1.38
Enterprise Value/Revenue8.55
Enterprise Value/Gross Profit2.86K
Enterprise Value/Ebitda5.19
Forecast
1Y Price Target
$13.86Price Target Upside19.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)-2.49
Revenue Forecast (FY)$831.72M
Bulls Say, Bears Say
Bulls Say
Scale: Record HashrateSustained growth in energized hashrate and increased reward share reflect durable operating scale and higher long-run mining throughput. Scale lowers per-unit fixed costs and improves bargaining power with power providers, strengthening long-term mining revenue potential irrespective of short-term BTC moves.
Strategic Diversification Into AI/InfraAcquisitions and the Starwood JV shift MARA from pure mining toward contracted AI and data-center cash flows. Owning low-cost power sites and land creates durable, diversified revenue opportunities and reduces reliance on spot BTC economics by enabling long-term leases and monetization of powered land.
Active Deleveraging & Dilution ReductionManagement has executed sizeable bitcoin monetization to repurchase convertible debt and refinance credit lines, materially lowering contingent dilution and borrowing costs. These actions improve capital structure durability and future financing flexibility, reducing a persistent structural risk for equity holders.
Bears Say
Persistent Negative Free Cash FlowChronic negative free cash flow implies the business requires ongoing external financing or asset monetization to fund reinvestment and debt servicing. Even with positive operating cash flow in the latest period, persistent FCF deficits reduce financial optionality and elevate refinancing and liquidity risk over the medium term.
Earnings Highly Sensitive To BTC PriceRevenue and reported profits are structurally exposed to Bitcoin price swings via large mark-to-market adjustments on holdings. This causes extreme earnings volatility, undermining predictability of cash flows and complicating long-term planning, budgeting, and creditor confidence independent of operational metrics.
Pro-forma Leverage & Financing ComplexityScaling via Long Ridge improves asset base but introduces notable pro-forma debt and execution risk: complex funding (bridge loans, tack-on notes, potential BTC-collateralized borrowings) and required consents raise refinancing and integration risk, leaving leverage and liquidity exposed until financing fully settles.
MARA Holdings News
MARA FAQ
What was MARA Holdings, Inc’s price range in the past 12 months?
MARA Holdings, Inc lowest stock price was $6.66 and its highest was $23.45 in the past 12 months.
What is MARA Holdings, Inc’s market cap?
MARA Holdings, Inc’s market cap is $5.36B.
When is MARA Holdings, Inc’s upcoming earnings report date?
MARA Holdings, Inc’s upcoming earnings report date is Aug 12, 2026 which is in 73 days.
How were MARA Holdings, Inc’s earnings last quarter?
MARA Holdings, Inc released its earnings results on May 11, 2026. The company reported -$3.496 earnings per share for the quarter, missing the consensus estimate of -$1.51 by -$1.986.
Is MARA Holdings, Inc overvalued?
According to Wall Street analysts MARA Holdings, Inc’s price is currently Undervalued.
Does MARA Holdings, Inc pay dividends?
MARA Holdings, Inc does not currently pay dividends.
What is MARA Holdings, Inc’s EPS estimate?
MARA Holdings, Inc’s EPS estimate is 0.25.
How many shares outstanding does MARA Holdings, Inc have?
MARA Holdings, Inc has 381,270,500 shares outstanding.
What happened to MARA Holdings, Inc’s price movement after its last earnings report?
MARA Holdings, Inc reported an EPS of -$3.496 in its last earnings report, missing expectations of -$1.51. Following the earnings report the stock price went down -5.004%.
Which hedge fund is a major shareholder of MARA Holdings, Inc?
Currently, no hedge funds are holding shares in MARA
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
MARA Holdings Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$13.86 (19.46% Upside)
$13.86 (19.46% Upside)
Blogger Sentiment
Bullish
MARA Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 54.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.6%
Last 30 Days ▼ 1.2%
Last 30 Days ▼ 1.2%
News Sentiment
Bullish
Bullish news 75%
Bearish news 25%
Bearish news 25%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-1.57%
12-Months-Change
Fundamentals
Return on Equity
-52.07%
Trailing 12-Months
Asset Growth
-23.20%
Trailing 12-Months
Company Description
MARA Holdings, Inc
Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.
MARA Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presents a mixed but strategically forward-looking picture: strong operational progress and major strategic moves (Starwood JV execution, Exaion acquisition, Long Ridge deal, record energized hashrate, and debt/dilution reduction) position MARA to scale AI/critical IT infrastructure and monetize powered land. However, material near-term financial headwinds persist — Q1 revenue declines, a large net loss and negative adjusted EBITDA driven by Bitcoin price markdowns, lower BTC holdings, higher per-BTC costs and elevated G&A/restructuring charges. The company has actionable financing plans and capital-efficient JV structures to convert assets to contracted cash flows, but short-term results remain volatile and sensitive to BTC prices.View all MARA earnings summariesMARA Stock 12 Month Forecast
Average Price Target
$13.86
▲(19.46% Upside)
Technical Analysis
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Ownership Overview
2.33% Insiders
15.86% Mutual Funds
10.29% Other Institutional Investors
41.32% Public Companies and Individual Investors