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MARA Holdings, Inc.

NasdaqCM:MARA Stock Report

Market Cap: US$6.6b

MARA Holdings (MARA) Stock Overview

Operates as a digital asset technology company in the United States. More details

MARA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health0/6
Dividends0/6

Rewards

Revenue is forecast to grow 18.81% per year

Risk Analysis

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years


MARA Community Fair Values

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See what 181 others think this stock is worth. Follow their fair value or set your own to get alerts.

MARA logo
MARA Holdings
AN
AnalystHighTarget
AnalystHighTarget
Consensus Narrative from 13 Analysts

Renewables And Vertical Integration Will Advance Digital Assets Despite Risks

Key Takeaways Proprietary technology, renewable-powered data centers, and vertical integration boost operating margins, long-term profitability, and sustainability credentials in digital asset mining. Revenue diversification into AI infrastructure and global partnerships reduces earnings volatility while capturing new markets amid growing regulatory clarity and decentralized finance adoption.
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US$30.00
FV
35.2% undervalued intrinsic discount
33.11%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
3 days ago author updated this narrative
MARA logo
MARA Holdings
AN
AnalystConsensusTarget
AnalystConsensusTarget
Consensus Narrative from 13 Analysts

Expansion Into AI And Energy Solutions Will Reduce Costs But Will Face Potential Challenges

Key Takeaways Vertical integration and energy asset ownership are projected to lower costs significantly, enhancing profitability and boosting net margins. Strategic initiatives in AI and energy solutions aim to diversify revenue streams and drive long-term growth in emerging markets.
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US$12.59
FV
54.4% overvalued intrinsic discount
21.63%
Revenue growth p.a.
5users have liked this narrative
0users have commented on this narrative
123users have followed this narrative
about 20 hours ago author updated this narrative
MARA logo
MARA Holdings
AN
AnalystLowTarget
AnalystLowTarget
Consensus Narrative from 13 Analysts

Decarbonization Pressures And Bitcoin Volatility Will Undermine Long-Term Prospects

Key Takeaways Heightened regulatory scrutiny, sustainability demands, and rapid hardware cycles could increase costs and squeeze margins for MARA's energy-intensive crypto mining operations. Dependency on volatile crypto markets and increased competition may erode revenue stability, market share, and long-term profitability.
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US$9.50
FV
104.6% overvalued intrinsic discount
12.27%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
about 18 hours ago author updated this narrative
View MARA Holdings Community

MARA Holdings, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for MARA Holdings
Historical stock prices
Current Share PriceUS$19.44
52 Week HighUS$30.28
52 Week LowUS$9.81
Beta6.55
1 Month Change26.89%
3 Month Change53.55%
1 Year Change-23.91%
3 Year Change55.89%
5 Year Change1,751.43%
Change since IPO-81.49%

Recent News & Updates

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

Why Is The Market Sleeping On MARA Holdings?

Jul 16

Recent updates

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

Why Is The Market Sleeping On MARA Holdings?

Jul 16

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
author-image

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

With A 27% Price Drop For Marathon Digital Holdings, Inc. (NASDAQ:MARA) You'll Still Get What You Pay For

Aug 13
With A 27% Price Drop For Marathon Digital Holdings, Inc. (NASDAQ:MARA) You'll Still Get What You Pay For

An Intrinsic Calculation For Marathon Digital Holdings, Inc. (NASDAQ:MARA) Suggests It's 41% Undervalued

Jul 23
An Intrinsic Calculation For Marathon Digital Holdings, Inc. (NASDAQ:MARA) Suggests It's 41% Undervalued

Marathon Digital: Progress On Scaling And Efficiency, But Volatility Should Persist

May 25

Shareholder Returns

MARAUS SoftwareUS Market
7D5.3%-0.1%-0.09%
1Y-23.9%23.1%12.4%

Return vs Industry: MARA underperformed the US Software industry which returned 23.1% over the past year.

Return vs Market: MARA underperformed the US Market which returned 12.4% over the past year.

Price Volatility

Is MARA's price volatile compared to industry and market?
MARA volatility
MARA Average Weekly Movement10.6%
Software Industry Average Movement7.7%
Market Average Movement6.4%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: MARA has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MARA's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010171Fred Thielwww.mara.com

MARA Holdings, Inc. operates as a digital asset technology company in the United States. It also provides technology solutions to optimize data center operations, such as liquid immersion cooling and firmware for bitcoin miners. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024.

MARA Holdings, Inc. Fundamentals Summary

How do MARA Holdings's earnings and revenue compare to its market cap?
MARA fundamental statistics
Market capUS$6.60b
Earnings (TTM)-US$329.12m
Revenue (TTM)US$705.06m
9.7x
P/S Ratio
-20.8x
P/E Ratio

Is MARA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MARA income statement (TTM)
RevenueUS$705.06m
Cost of RevenueUS$449.44m
Gross ProfitUS$255.63m
Other ExpensesUS$584.75m
Earnings-US$329.12m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.94
Gross Margin36.26%
Net Profit Margin-46.68%
Debt/Equity Ratio69.7%

How did MARA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/16 16:19
End of Day Share Price 2025/07/16 00:00
Earnings2025/03/31
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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 22 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
Nicholas GilesB. Riley Securities, Inc.
Gregory LewisBTIG