MARA Holdings (MARA) AI Stock Analysis

• Market Cap: $4.20B
• Dividend Yield: N/A
• Average Volume (3M): 45.06M
• Price to Earnings (P/E): 6.2
• Beta (1Y): 2.37
• Revenue Growth: 53.51%
• EPS Growth: 112.53%
• Country: US
• Employees: 171
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.27
• Shares Outstanding: 378,184,360
• 10 Day Avg. Volume: 51,324,797
• 30 Day Avg. Volume: 45,062,269
• PEG Ratio: 0.28
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 7.41
• P/FCF Ratio: -5.23
• Enterprise Value/Market Cap: 2.71
• Enterprise Value/Revenue: 12.40
• Enterprise Value/Gross Profit: 21.77
• Enterprise Value/Ebitda: 6.20
• 1Y Price Target: $22.89
• Price Target Upside: 93.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): 0.2
• Revenue Forecast (FY): $972.71M

• Rating: 64 Neutral
• Price Target: $12.00 ▲(1.61% Upside)

MARA's overall stock score is driven by strong earnings call outcomes and favorable valuation, despite technical analysis indicating bearish momentum. Financial performance shows growth but is hindered by operational and cash flow challenges.

Positive Factors

Revenue Growth

Significant revenue growth indicates strong market demand and successful business expansion, enhancing long-term financial stability.

Strategic Partnerships

Strategic partnerships and acquisitions can drive innovation and diversification, strengthening MARA's competitive position in the tech industry.

Strong Financial Position

A strong liquidity position offers MARA the ability to invest in growth opportunities and weather economic uncertainties, supporting long-term resilience.

Negative Factors

Cash Flow Challenges

Persistent cash flow issues can limit MARA's ability to fund operations and growth initiatives, potentially impacting long-term sustainability.

Competitive Mining Environment

Increased competition in Bitcoin mining could pressure margins and profitability, challenging MARA's market position over time.

Risks in AI and Data Center Expansion

Expansion into AI and data centers involves significant risks, including tech obsolescence and high capital costs, which could affect MARA's financial health.

MARA Holdings Business Overview & Revenue Model

Company Description

MARA Holdings (MARA) is a diversified investment holding company primarily focused on the development and management of real estate assets. The company operates across various sectors including residential, commercial, and industrial real estate. MARA's core offerings include property development, asset management, and real estate investment services aimed at providing sustainable growth and long-term value for its stakeholders.

How the Company Makes Money

MARA generates revenue through multiple streams including property sales, rental income from its real estate portfolio, and management fees from its investment activities. The company engages in property development projects, which involve acquiring land, constructing buildings, and selling the completed units. Additionally, MARA earns ongoing income from leasing commercial and residential properties. Strategic partnerships with other real estate developers and financial institutions further enhance its revenue potential, allowing it to leverage resources and share risks in large-scale projects.

MARA Holdings Financial Statement Overview

Summary

MARA Holdings shows strong revenue growth and improved profitability, with a solid equity base. However, operational inefficiencies and cash flow challenges remain concerns, particularly with negative operating and free cash flows.

Income Statement

MARA Holdings has shown significant revenue growth over the years, with a notable 15.13% increase in the TTM period. The company has managed to turn its net profit margin positive in the TTM, indicating improved profitability. However, the EBIT margin remains negative, suggesting operational challenges. The EBITDA margin is strong, reflecting good earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The balance sheet shows a strong equity position with a low debt-to-equity ratio in the TTM, indicating financial stability. The return on equity has improved significantly, reflecting better utilization of equity to generate profits. However, the historical high leverage in previous years poses a potential risk.

Cash Flow

Cash flow analysis reveals challenges, with negative operating and free cash flows in the TTM. The free cash flow to net income ratio is positive, suggesting that the company is generating cash relative to its net income. However, the negative free cash flow growth rate indicates declining cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	919.17M	656.38M	387.51M	117.75M	159.16M	4.36M
Gross Profit	523.70M	-159.37M	-15.34M	-33.67M	116.77M	-2.56M
EBITDA	1.84B	1.06B	467.46M	-624.56M	1.95M	-7.36M
Net Income	926.70M	541.25M	261.17M	-694.02M	-37.10M	-10.45M
Balance Sheet
Total Assets	9.15B	6.80B	1.99B	1.20B	1.44B	313.25M
Cash, Cash Equivalents and Short-Term Investments	826.39M	391.77M	357.31M	103.70M	587.70M	141.32M
Total Debt	3.64B	2.47B	326.13M	783.51M	728.41M	184.10K
Total Liabilities	3.98B	2.67B	375.05M	809.30M	762.23M	1.51M
Stockholders Equity	5.16B	4.13B	1.62B	385.94M	682.10M	311.74M
Cash Flow
Free Cash Flow	-1.32B	-930.48M	-343.26M	-217.59M	-727.14M	-91.16M
Operating Cash Flow	-891.41M	-677.02M	-315.65M	-176.48M	-18.22M	-7.77M
Investing Cash Flow	-2.62B	-3.23B	4.59M	-390.23M	-891.92M	-81.29M
Financing Cash Flow	4.17B	3.95B	555.86M	410.65M	1.04B	229.69M

MARA Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MARA, the sentiment is Negative. The current price of 11.81 is below the 20-day moving average (MA) of 13.56, below the 50-day MA of 16.95, and below the 200-day MA of 15.58, indicating a bearish trend. The MACD of -1.89 indicates Positive momentum. The RSI at 35.73 is Neutral, neither overbought nor oversold. The STOCH value of 53.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MARA.

MARA Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIRT	77 Outperform	$5.47B	7.75	29.43%	2.75%	27.66%	131.25%
RIOT	68 Neutral	$5.56B	44.42	5.24%	―	103.62%	49.48%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MARA	64 Neutral	$4.20B	6.15	23.13%	―	53.51%	112.53%
SNEX	58 Neutral	$4.47B	15.44	14.47%	―	32.53%	13.38%
CIFR	55 Neutral	$7.57B	―	-9.69%	―	35.41%	-38.08%

MARA Holdings Corporate Events

MARA Holdings Faces Financial Risks with Bitcoin Management Strategy

MARA Holdings, Inc. faces significant risks due to its decision to manage a portion of its bitcoin holdings through a separately managed account. This approach, involving approximately 1,903 bitcoin as of September 30, 2025, exposes the company to potential market losses, loss of control, and counterparty failures. The lack of direct oversight and limited visibility into the third-party manager’s strategies and operations increases the vulnerability to operational failures, cybersecurity incidents, or mismanagement. Any adverse event affecting the manager or custodian could lead to substantial financial losses, severely impacting MARA Holdings’ business and financial health.

Marathon Digital’s Earnings Call Highlights Growth and Strategic Shifts

Marathon Digital Holdings, Inc. (MARA) recently held its earnings call, revealing a predominantly positive sentiment driven by robust financial performance and strategic growth initiatives. The company showcased significant achievements in Bitcoin holdings and revenue growth, while also acknowledging challenges in the competitive mining landscape and potential risks associated with AI and data center expansion.

Marathon Digital Holdings Reports Strong Q3 2025 Growth

Marathon Digital Holdings, Inc. is a vertically integrated digital energy and infrastructure company that focuses on Bitcoin mining and power management solutions, leveraging excess energy for high-intensity computing tasks.