MARA Holdings, Inc.

NasdaqCM:MARA Stock Report

Market Cap: US$4.5b

MARA Holdings Management

Management criteria checks 3/4

MARA Holdings' CEO is Fred Thiel, appointed in Apr 2021, has a tenure of 4.58 years. total yearly compensation is $43.24M, comprised of 2.2% salary and 97.8% bonuses, including company stock and options. directly owns 0.95% of the company’s shares, worth $43.29M. The average tenure of the management team and the board of directors is 2.1 years and 3.9 years respectively.

Key information

Fred Thiel

Chief executive officer

US$43.2m

Total compensation

CEO salary percentage2.20%
CEO tenure4.6yrs
CEO ownership1.0%
Management average tenure2.1yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

Eyes On Q3: The AI Catalyst That Could Wake Up Markets On MARA Holdings

Oct 29

MARA Holdings, Inc.'s (NASDAQ:MARA) 27% Jump Shows Its Popularity With Investors

Jul 17
MARA Holdings, Inc.'s (NASDAQ:MARA) 27% Jump Shows Its Popularity With Investors

Further Upside For MARA Holdings, Inc. (NASDAQ:MARA) Shares Could Introduce Price Risks After 28% Bounce

May 04
Further Upside For MARA Holdings, Inc. (NASDAQ:MARA) Shares Could Introduce Price Risks After 28% Bounce

Take Care Before Jumping Onto MARA Holdings, Inc. (NASDAQ:MARA) Even Though It's 29% Cheaper

Mar 19
Take Care Before Jumping Onto MARA Holdings, Inc. (NASDAQ:MARA) Even Though It's 29% Cheaper

MARA Holdings: Trump Trade That Wasn't; Buying Aggressively After Inauguration

Jan 23

MARA Holdings: Second-Largest Bitcoin Company Trades At Deep Value

Jan 16

What You Can Learn From MARA Holdings, Inc.'s (NASDAQ:MARA) P/S After Its 26% Share Price Crash

Jan 05
What You Can Learn From MARA Holdings, Inc.'s (NASDAQ:MARA) P/S After Its 26% Share Price Crash
User avatar

Tactical Data Center Expansion And NGON Partnership Will Boost Earnings And Net Margins

MARA Holdings' acquisition strategy and partnerships focus on cost efficiencies, potentially improving net margins via cheaper electricity and data center valuations.

Estimating The Intrinsic Value Of MARA Holdings, Inc. (NASDAQ:MARA)

Dec 19
Estimating The Intrinsic Value Of MARA Holdings, Inc. (NASDAQ:MARA)

MARA Holdings: A Pioneering Force In Crypto

Dec 09

MARA Holdings: If You Can't Beat Hyperscalers, Partner With Them

Nov 20

We Think That There Are Issues Underlying MARA Holdings' (NASDAQ:MARA) Earnings

Nov 19
We Think That There Are Issues Underlying MARA Holdings' (NASDAQ:MARA) Earnings

MARA Holdings, Inc.'s (NASDAQ:MARA) P/S Is Still On The Mark Following 56% Share Price Bounce

Nov 12
MARA Holdings, Inc.'s (NASDAQ:MARA) P/S Is Still On The Mark Following 56% Share Price Bounce

These 4 Measures Indicate That MARA Holdings (NASDAQ:MARA) Is Using Debt Reasonably Well

Nov 11
These 4 Measures Indicate That MARA Holdings (NASDAQ:MARA) Is Using Debt Reasonably Well

MARA Holdings: Mining Kaspa Doesn't Fix The Fundamental Problem

Oct 17

MARA: Top Miner Now Mining And Buying Bitcoin

Aug 24

CEO Compensation Analysis

How has Fred Thiel's remuneration changed compared to MARA Holdings's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

US$927m

Jun 30 2025n/an/a

US$679m

Mar 31 2025n/an/a

-US$329m

Dec 31 2024US$43mUS$950k

US$541m

Sep 30 2024n/an/a

US$165m

Jun 30 2024n/an/a

US$289m

Mar 31 2024n/an/a

US$478m

Dec 31 2023US$36mUS$800k

US$259m

Sep 30 2023n/an/a

-US$284m

Jun 30 2023n/an/a

-US$357m

Mar 31 2023n/an/a

-US$558m

Dec 31 2022US$7mUS$678k

-US$694m

Sep 30 2022n/an/a

-US$292m

Jun 30 2022n/an/a

-US$241m

Mar 31 2022n/an/a

-US$138m

Dec 31 2021US$19mUS$340k

-US$30m

Sep 30 2021n/an/a

-US$53m

Jun 30 2021n/an/a

-US$33m

Mar 31 2021n/an/a

US$74m

Dec 31 2020US$47kn/a

-US$10m

Sep 30 2020n/an/a

-US$6m

Jun 30 2020n/an/a

-US$5m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$20kn/a

-US$4m

Sep 30 2019n/an/a

-US$7m

Jun 30 2019n/an/a

-US$7m

Mar 31 2019n/an/a

-US$11m

Dec 31 2018US$13kn/a

-US$13m

Compensation vs Market: Fred's total compensation ($USD43.24M) is above average for companies of similar size in the US market ($USD7.08M).

Compensation vs Earnings: Fred's compensation has been consistent with company performance over the past year.

CEO

Fred Thiel (64 yo)

4.6yrs
Tenure
US$43,244,809
Compensation

Mr. Frederick G. Thiel, also known as Fred, is Senior Advisor of Graham Partners, Inc. He was Operating Partner of Graham Partners, Inc. from 2008. He is CEO & Executive Chairman of MARA Holdings, Inc. fro...

Leadership Team

NamePositionTenureCompensationOwnership
Frederick Thiel
CEO & Executive Chairman4.6yrsUS$43.24m0.95%
$ 43.3m
Salman Khan
Chief Financial Officer2.4yrsUS$28.44m0.10%
$ 4.6m
Zabi Nowaid
General Counsel & Company Secretaryno dataUS$11.59m0.19%
$ 8.7m
James Crawford
Chief Operating Officer12.7yrsUS$7.56mno data
John Ellis
Chief Accounting Officer1.8yrsno datano data
Robert Samuels
Vice President of Investor Relationsno datano datano data
Adam Swick
Chief Growth Officerno dataUS$7.29mno data
Narenderkumar Dharamveer Madnani
Managing Director of International1.6yrsno datano data
Nir Rikovitch
Chief Product Officerless than a yearno datano data
William Beam
Vice President of Finance & Operations Controlno datano datano data
2.1yrs
Average Tenure
50yo
Average Age

Experienced Management: MARA's management team is considered experienced (2.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Frederick Thiel
CEO & Executive Chairman7.6yrsUS$43.24m0.95%
$ 43.3m
Douglas Mellinger
Lead Independent Director3.7yrsUS$622.96k0.034%
$ 1.5m
Georges Antoun
Independent Director4.5yrsUS$646.71k0.033%
$ 1.5m
Janet George
Director1.2yrsUS$251.62k0.0028%
$ 125.6k
Sameer Doctor
Member of Advisory Board4.1yrsno datano data
Jay Leupp
Independent Director4.5yrsUS$664.21k0.036%
$ 1.6m
Barbara Humpton
Director1.2yrsUS$251.62k0.0028%
$ 125.6k
Vicki Mealer-Burke
Independent Director1.6yrsUS$599.21k0.0040%
$ 180.0k
3.9yrs
Average Tenure
62yo
Average Age

Experienced Board: MARA's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/16 03:55
End of Day Share Price 2025/11/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MARA Holdings, Inc. is covered by 25 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ramsey El-AssalBarclays
Gregory LewisBTIG
Brett KnoblauchCantor Fitzgerald & Co.