View ValuationMARA Holdings 将来の成長Future 基準チェック /16MARA Holdings利益と収益がそれぞれ年間92%と7.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に-8.1% 97.6%なると予測されています。主要情報92.0%収益成長率97.58%EPS成長率Software 収益成長51.2%収益成長率7.9%将来の株主資本利益率-8.06%アナリストカバレッジGood最終更新日14 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • 21hNew minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$2.0b Forecast net loss in 2 years: US$110m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$110m net loss in 2 years).Reported Earnings • May 12First quarter 2026 earnings released: US$3.31 loss per share (vs US$1.55 loss in 1Q 2025)First quarter 2026 results: US$3.31 loss per share (further deteriorated from US$1.55 loss in 1Q 2025). Revenue: US$174.6m (down 18% from 1Q 2025). Net loss: US$1.26b (loss widened 136% from 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.お知らせ • May 05+ 1 more updateMARA Holdings, Inc., Annual General Meeting, Jun 18, 2026MARA Holdings, Inc., Annual General Meeting, Jun 18, 2026.New Risk • Mar 03New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$1.3b Forecast net loss in 3 years: US$800m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$800m net loss in 3 years).Reported Earnings • Mar 03Full year 2025 earnings released: US$3.69 loss per share (vs US$1.87 profit in FY 2024)Full year 2025 results: US$3.69 loss per share (down from US$1.87 profit in FY 2024). Revenue: US$907.1m (up 38% from FY 2024). Net loss: US$1.31b (down 342% from profit in FY 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €7.74, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 18x in the Software industry in Italy. Total loss to shareholders of 44% over the past year.お知らせ • Feb 20MARA Holdings, Inc. to Report Q4, 2025 Results on Feb 26, 2026MARA Holdings, Inc. announced that they will report Q4, 2025 results on Feb 26, 2026Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €7.06, the stock trades at a trailing P/E ratio of 3.7x. Average forward P/E is 13x in the Software industry in Italy. Total loss to shareholders of 58% over the past year.Recent Insider Transactions • Nov 11General Counsel & Company Secretary recently sold €416k worth of stockOn the 10th of November, Zabi Nowaid sold around 30k shares on-market at roughly €13.86 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €828k more than they bought in the last 12 months.Buy Or Sell Opportunity • Nov 07Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to €12.98. The fair value is estimated to be €17.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 61% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to decline by 126% in the next 2 years.Reported Earnings • Nov 05Third quarter 2025 earnings released: EPS: US$0.33 (vs US$0.42 loss in 3Q 2024)Third quarter 2025 results: EPS: US$0.33 (up from US$0.42 loss in 3Q 2024). Revenue: US$252.4m (up 92% from 3Q 2024). Net income: US$123.1m (up US$247.9m from 3Q 2024). Profit margin: 49% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.Buy Or Sell Opportunity • Oct 22Now 22% undervaluedOver the last 90 days, the stock has risen 8.7% to €16.42. The fair value is estimated to be €20.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to decline by 116% in the next 2 years.お知らせ • Oct 22MARA Holdings, Inc. to Report Q3, 2025 Results on Nov 04, 2025MARA Holdings, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2025Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €16.15, the stock trades at a forward P/E ratio of 207x. Average forward P/E is 15x in the Software industry in Italy.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €15.78, the stock trades at a forward P/E ratio of 140x. Average forward P/E is 15x in the Software industry in Italy.Recent Insider Transactions • Sep 15Independent Director recently sold €193k worth of stockOn the 8th of September, Vicki Mealer-Burke sold around 15k shares on-market at roughly €12.95 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €412k more than they bought in the last 12 months.New Risk • Jul 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 29% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 89% per year for the foreseeable future. High level of non-cash earnings (48% accrual ratio). Shareholders have been substantially diluted in the past year (29% increase in shares outstanding).Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: US$2.29 (vs US$0.72 loss in 2Q 2024)Second quarter 2025 results: EPS: US$2.29 (up from US$0.72 loss in 2Q 2024). Revenue: US$238.5m (up 64% from 2Q 2024). Net income: US$808.2m (up US$1.01b from 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$433m net loss in 2 years). Shareholders have been diluted in the past year (29% increase in shares outstanding).お知らせ • Jul 21MARA Holdings, Inc. to Report Q2, 2025 Results on Jul 29, 2025MARA Holdings, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 29, 2025お知らせ • Jul 10MARA Holdings, Inc. Appoints Nir Rikovitch as Chief Product OfficerMARA Holdings, Inc. announced the appointment of Nir Rikovitch as Chief Product Officer (CPO), where he will lead MARA’s product strategy, commercializing the company’s breakthrough technology into market-ready products that deliver operational utility and efficiency. Rikovitch joins MARA to build the company’s product discipline from the ground up, bridging engineering, strategy, and commercialization. In this role, he will focus on defining the roadmap for MARA’s products and engineering to deliver production-grade systems. Rikovitch brings deep expertise in product management, machine learning, and engineering leadership, with a proven track record in developing intelligent infrastructure across robotics, industrial automation, and autonomous systems. Most recently, Rikovitch served as Director of Product Management at Blue River, a John Deere Company, where he co-founded the autonomy unit and led the product strategy for autonomous construction machinery and advanced driver-assistance systems, unlocking more than $500 million in revenue across the enterprise portfolio.お知らせ • Jun 30+ 4 more updatesMARA Holdings, Inc.(NasdaqCM:MARA) dropped from Russell Small Cap Comp Growth IndexMARA Holdings, Inc.(NasdaqCM:MARA) dropped from Russell Small Cap Comp Growth IndexNew Risk • May 12New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$329m Forecast net loss in 2 years: US$73m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$73m net loss in 2 years). Shareholders have been diluted in the past year (29% increase in shares outstanding).Reported Earnings • May 09First quarter 2025 earnings released: US$1.55 loss per share (vs US$1.30 profit in 1Q 2024)First quarter 2025 results: US$1.55 loss per share (down from US$1.30 profit in 1Q 2024). Revenue: US$213.9m (up 30% from 1Q 2024). Net loss: US$533.2m (down 258% from profit in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.お知らせ • May 01MARA Holdings, Inc., Annual General Meeting, Jun 26, 2025MARA Holdings, Inc., Annual General Meeting, Jun 26, 2025. Location: web.lumiconnect.com/266814323, United Statesお知らせ • Apr 24MARA Holdings, Inc. to Report Q1, 2025 Results on May 08, 2025MARA Holdings, Inc. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €12.65, the stock trades at a trailing P/E ratio of 9x. Average forward P/E is 16x in the Software industry in Italy.お知らせ • Mar 29MARA Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion.MARA Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingValuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €13.19, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €7.66 per share.New Risk • Mar 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 36% per year for the foreseeable future. High level of non-cash earnings (60% accrual ratio). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding).Reported Earnings • Feb 27Full year 2024 earnings released: EPS: US$1.87 (vs US$1.41 in FY 2023)Full year 2024 results: EPS: US$1.87 (up from US$1.41 in FY 2023). Revenue: US$656.4m (up 69% from FY 2023). Net income: US$541.3m (up 109% from FY 2023). Profit margin: 83% (up from 67% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Italy.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €13.48, the stock trades at a trailing P/E ratio of 30.2x. Average forward P/E is 16x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €13.78 per share.お知らせ • Feb 18MARA Holdings, Inc. (NasdaqCM:MARA) completed the acquisition of acquire Wind farm in Hansford County, Texas.MARA Holdings, Inc. (NasdaqCM:MARA) entered into a definitive agreement to acquire Wind farm in Hansford County, Texas on December 3, 2024. The transaction is subject to approval by regulatory board / committee. The transaction is expected to close by the first quarter of 2025. MARA Holdings, Inc. (NasdaqCM:MARA) completed the acquisition of acquire Wind farm in Hansford County, Texas on February 18, 2025.お知らせ • Feb 13MARA Holdings, Inc. to Report Q4, 2024 Results on Feb 26, 2025MARA Holdings, Inc. announced that they will report Q4, 2024 results on Feb 26, 2025New Risk • Feb 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 34% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 34% per year for the foreseeable future. High level of non-cash earnings (76% accrual ratio). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €19.53, the stock trades at a trailing P/E ratio of 38.9x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €17.03 per share.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (76% accrual ratio). Shareholders have been substantially diluted in the past year (45% increase in shares outstanding).Buy Or Sell Opportunity • Dec 30Now 30% undervaluedThe stock has been flat over the last 90 days, currently trading at €17.41. The fair value is estimated to be €24.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period.業績と収益の成長予測BIT:1MARA - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028828-123-502-623612/31/2027957-106-254-529912/31/2026813-1,279-521-681103/31/2026868-2,038-1,339-835N/A12/31/2025907-1,311-1,363-803N/A9/30/2025919927-1,771-891N/A6/30/2025798679-1,698-852N/A3/31/2025705-329-1,777-804N/A12/31/2024656541-1,748-677N/A9/30/2024599165-1,177-455N/A6/30/2024565289-969-376N/A3/31/2024502478-705-313N/A12/31/2023388259-502-316N/A9/30/2023259-284-453-317N/A6/30/2023174-357-481-278N/A3/31/2023117-558-597-242N/A12/31/2022118-694-701-176N/A9/30/2022158-292-1,047-58N/A6/30/2022197-241-1,047-53N/A3/31/2022202-138-861-42N/A12/31/2021159-30-728-19N/A9/30/202193-53-338-49N/A6/30/202142-33-214-12N/A3/31/20211374-182-10N/A12/31/20204-10-91-8N/A9/30/20202-6-21-5N/A6/30/20201-5-8-4N/A3/31/20202-4-4-4N/A12/31/20191-4N/A-3N/A9/30/20191-7N/A-3N/A6/30/20191-7N/A-4N/A3/31/20192-11N/A-5N/A12/31/20182-13N/A-8N/A9/30/20181-27N/A-3N/A6/30/20181-33N/A-9N/A3/31/20181-30N/A-10N/A12/31/20171-31N/A-11N/A9/30/20171-39N/A-16N/A6/30/20171-38N/A-10N/A3/31/201735-28N/A5N/A12/31/201637-29N/A10N/A9/30/201644-6N/A11N/A6/30/201650-4N/A16N/A3/31/201617-16N/A-2N/A12/31/201519-17N/A-3N/A9/30/201513-18N/A-2N/A6/30/201520-11N/A-4N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 1MARA今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: 1MARA今後 3 年間、利益が出ない状態が続くと予測されています。高成長収益: 1MARA今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: 1MARAの収益 ( 7.9% ) Italian市場 ( 5.5% ) よりも速いペースで成長すると予測されています。高い収益成長: 1MARAの収益 ( 7.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 1MARA 3 年以内に赤字になると予測されています。成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/15 15:38終値2026/05/15 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋MARA Holdings, Inc. 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。24 アナリスト機関Ramsey El-AssalBarclaysGautam ChhuganiBernsteinGregory LewisBTIG21 その他のアナリストを表示
New Risk • 21hNew minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$2.0b Forecast net loss in 2 years: US$110m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$110m net loss in 2 years).
Reported Earnings • May 12First quarter 2026 earnings released: US$3.31 loss per share (vs US$1.55 loss in 1Q 2025)First quarter 2026 results: US$3.31 loss per share (further deteriorated from US$1.55 loss in 1Q 2025). Revenue: US$174.6m (down 18% from 1Q 2025). Net loss: US$1.26b (loss widened 136% from 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.
お知らせ • May 05+ 1 more updateMARA Holdings, Inc., Annual General Meeting, Jun 18, 2026MARA Holdings, Inc., Annual General Meeting, Jun 18, 2026.
New Risk • Mar 03New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$1.3b Forecast net loss in 3 years: US$800m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$800m net loss in 3 years).
Reported Earnings • Mar 03Full year 2025 earnings released: US$3.69 loss per share (vs US$1.87 profit in FY 2024)Full year 2025 results: US$3.69 loss per share (down from US$1.87 profit in FY 2024). Revenue: US$907.1m (up 38% from FY 2024). Net loss: US$1.31b (down 342% from profit in FY 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €7.74, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 18x in the Software industry in Italy. Total loss to shareholders of 44% over the past year.
お知らせ • Feb 20MARA Holdings, Inc. to Report Q4, 2025 Results on Feb 26, 2026MARA Holdings, Inc. announced that they will report Q4, 2025 results on Feb 26, 2026
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €7.06, the stock trades at a trailing P/E ratio of 3.7x. Average forward P/E is 13x in the Software industry in Italy. Total loss to shareholders of 58% over the past year.
Recent Insider Transactions • Nov 11General Counsel & Company Secretary recently sold €416k worth of stockOn the 10th of November, Zabi Nowaid sold around 30k shares on-market at roughly €13.86 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €828k more than they bought in the last 12 months.
Buy Or Sell Opportunity • Nov 07Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to €12.98. The fair value is estimated to be €17.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 61% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to decline by 126% in the next 2 years.
Reported Earnings • Nov 05Third quarter 2025 earnings released: EPS: US$0.33 (vs US$0.42 loss in 3Q 2024)Third quarter 2025 results: EPS: US$0.33 (up from US$0.42 loss in 3Q 2024). Revenue: US$252.4m (up 92% from 3Q 2024). Net income: US$123.1m (up US$247.9m from 3Q 2024). Profit margin: 49% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.
Buy Or Sell Opportunity • Oct 22Now 22% undervaluedOver the last 90 days, the stock has risen 8.7% to €16.42. The fair value is estimated to be €20.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to decline by 116% in the next 2 years.
お知らせ • Oct 22MARA Holdings, Inc. to Report Q3, 2025 Results on Nov 04, 2025MARA Holdings, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2025
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €16.15, the stock trades at a forward P/E ratio of 207x. Average forward P/E is 15x in the Software industry in Italy.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €15.78, the stock trades at a forward P/E ratio of 140x. Average forward P/E is 15x in the Software industry in Italy.
Recent Insider Transactions • Sep 15Independent Director recently sold €193k worth of stockOn the 8th of September, Vicki Mealer-Burke sold around 15k shares on-market at roughly €12.95 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €412k more than they bought in the last 12 months.
New Risk • Jul 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 29% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 89% per year for the foreseeable future. High level of non-cash earnings (48% accrual ratio). Shareholders have been substantially diluted in the past year (29% increase in shares outstanding).
Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: US$2.29 (vs US$0.72 loss in 2Q 2024)Second quarter 2025 results: EPS: US$2.29 (up from US$0.72 loss in 2Q 2024). Revenue: US$238.5m (up 64% from 2Q 2024). Net income: US$808.2m (up US$1.01b from 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.
New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$433m net loss in 2 years). Shareholders have been diluted in the past year (29% increase in shares outstanding).
お知らせ • Jul 21MARA Holdings, Inc. to Report Q2, 2025 Results on Jul 29, 2025MARA Holdings, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 29, 2025
お知らせ • Jul 10MARA Holdings, Inc. Appoints Nir Rikovitch as Chief Product OfficerMARA Holdings, Inc. announced the appointment of Nir Rikovitch as Chief Product Officer (CPO), where he will lead MARA’s product strategy, commercializing the company’s breakthrough technology into market-ready products that deliver operational utility and efficiency. Rikovitch joins MARA to build the company’s product discipline from the ground up, bridging engineering, strategy, and commercialization. In this role, he will focus on defining the roadmap for MARA’s products and engineering to deliver production-grade systems. Rikovitch brings deep expertise in product management, machine learning, and engineering leadership, with a proven track record in developing intelligent infrastructure across robotics, industrial automation, and autonomous systems. Most recently, Rikovitch served as Director of Product Management at Blue River, a John Deere Company, where he co-founded the autonomy unit and led the product strategy for autonomous construction machinery and advanced driver-assistance systems, unlocking more than $500 million in revenue across the enterprise portfolio.
お知らせ • Jun 30+ 4 more updatesMARA Holdings, Inc.(NasdaqCM:MARA) dropped from Russell Small Cap Comp Growth IndexMARA Holdings, Inc.(NasdaqCM:MARA) dropped from Russell Small Cap Comp Growth Index
New Risk • May 12New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$329m Forecast net loss in 2 years: US$73m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$73m net loss in 2 years). Shareholders have been diluted in the past year (29% increase in shares outstanding).
Reported Earnings • May 09First quarter 2025 earnings released: US$1.55 loss per share (vs US$1.30 profit in 1Q 2024)First quarter 2025 results: US$1.55 loss per share (down from US$1.30 profit in 1Q 2024). Revenue: US$213.9m (up 30% from 1Q 2024). Net loss: US$533.2m (down 258% from profit in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.
お知らせ • May 01MARA Holdings, Inc., Annual General Meeting, Jun 26, 2025MARA Holdings, Inc., Annual General Meeting, Jun 26, 2025. Location: web.lumiconnect.com/266814323, United States
お知らせ • Apr 24MARA Holdings, Inc. to Report Q1, 2025 Results on May 08, 2025MARA Holdings, Inc. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €12.65, the stock trades at a trailing P/E ratio of 9x. Average forward P/E is 16x in the Software industry in Italy.
お知らせ • Mar 29MARA Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion.MARA Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €13.19, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €7.66 per share.
New Risk • Mar 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 36% per year for the foreseeable future. High level of non-cash earnings (60% accrual ratio). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding).
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: US$1.87 (vs US$1.41 in FY 2023)Full year 2024 results: EPS: US$1.87 (up from US$1.41 in FY 2023). Revenue: US$656.4m (up 69% from FY 2023). Net income: US$541.3m (up 109% from FY 2023). Profit margin: 83% (up from 67% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Italy.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €13.48, the stock trades at a trailing P/E ratio of 30.2x. Average forward P/E is 16x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €13.78 per share.
お知らせ • Feb 18MARA Holdings, Inc. (NasdaqCM:MARA) completed the acquisition of acquire Wind farm in Hansford County, Texas.MARA Holdings, Inc. (NasdaqCM:MARA) entered into a definitive agreement to acquire Wind farm in Hansford County, Texas on December 3, 2024. The transaction is subject to approval by regulatory board / committee. The transaction is expected to close by the first quarter of 2025. MARA Holdings, Inc. (NasdaqCM:MARA) completed the acquisition of acquire Wind farm in Hansford County, Texas on February 18, 2025.
お知らせ • Feb 13MARA Holdings, Inc. to Report Q4, 2024 Results on Feb 26, 2025MARA Holdings, Inc. announced that they will report Q4, 2024 results on Feb 26, 2025
New Risk • Feb 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 34% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 34% per year for the foreseeable future. High level of non-cash earnings (76% accrual ratio). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €19.53, the stock trades at a trailing P/E ratio of 38.9x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €17.03 per share.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (76% accrual ratio). Shareholders have been substantially diluted in the past year (45% increase in shares outstanding).
Buy Or Sell Opportunity • Dec 30Now 30% undervaluedThe stock has been flat over the last 90 days, currently trading at €17.41. The fair value is estimated to be €24.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period.