View Past PerformanceMARA Holdings 대차대조표 건전성재무 건전성 기준 점검 1/6MARA Holdings 의 총 주주 지분은 $2.3B 이고 총 부채는 $2.4B, 이는 부채 대 자기자본 비율을 103.6% 로 가져옵니다. 총자산과 총부채는 각각 $4.9B 및 $2.6B 입니다.핵심 정보103.55%부채/자본 비율US$2.42b부채이자보상배율n/a현금US$513.65m자본US$2.33b총부채US$2.62b총자산US$4.95b최근 재무 건전성 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • May 15New 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.공시 • 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.공시 • 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.공시 • 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).공시 • 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, 2025공시 • 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.공시 • 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.공시 • May 01MARA Holdings, Inc., Annual General Meeting, Jun 26, 2025MARA Holdings, Inc., Annual General Meeting, Jun 26, 2025. Location: web.lumiconnect.com/266814323, United States공시 • 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.공시 • 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.공시 • 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.공시 • 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.재무 상태 분석단기부채: 1MARA 의 단기 자산 ( $611.1M )이 단기 부채( $331.5M ).장기 부채: 1MARA의 단기 자산($611.1M)이 장기 부채($2.3B)를 충당하지 못합니다.부채/자본 비율 추이 및 분석부채 수준: 1MARA 의 순부채 대 자기자본 비율( 81.5% )은 높음으로 간주됩니다.부채 감소: 1MARA의 부채 대비 자본 비율은 지난 5년 동안 0.01%에서 103.6%로 증가했습니다.대차대조표현금 보유 기간 분석과거에 평균적으로 손실을 기록해 온 기업의 경우, 최소 1년 이상의 현금 보유 기간이 있는지 평가합니다.안정적인 현금 활주로: 1MARA 의 현재 여유 현금 흐름을 기준으로 충분한 현금 활주로가 있는지 판단하기에는 데이터가 부족합니다.예측 현금 활주로: 1MARA 의 여유 현금 흐름이 역사적 비율에 따라 계속 증가하거나 감소하는 경우 충분한 현금 활주로가 있는지 판단하기에는 데이터가 부족합니다.건전한 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 02:27종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스MARA Holdings, Inc.는 24명의 분석가가 다루고 있습니다. 이 중 9명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ramsey El-AssalBarclaysGautam ChhuganiBernsteinGregory LewisBTIG21명의 분석가 더 보기
New Risk • May 15New 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.