Is MARA Holdings (MARA) overvalued or fairly valued?

MarketChacha shows MARA Holdings's valuation in context — a forward P/E of about -18.2, a price-to-book of about 2.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is MARA Holdings's revenue?

MARA Holdings reported revenue of $58.7M for FY2025, with net profit of $-1.3B, per official filings.

What is the share price of MARA Holdings (MARA)?

MARA Holdings last traded at $12.37 (+0.9% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

MARA Holdings

MARA · NYSE · Technology · United States

$12.37+0.9%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:32 PM

Snapshot

TickerMARA

ExchangeNYSE

SectorTechnology

IndustryCapital Markets

CountryUnited States

Employees266

HeadquartersHallandale Beach, United States

Market cap$4.7B

P/B2.1

Volume38.42M

Websitewww.mara.com

Filings tracked7

About MARA Holdings

MARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is based in Hallandale Beach, Florida.

Profile as reported by Yahoo Finance.

Who owns it

Insiders0.9%
Institutions69.3%
Public & other29.8%

545 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.15.68%
Vanguard Portfolio Management LLC6.93%
Vanguard Capital Management LLC4.29%
State Street Corporation3.99%
Geode Capital Management, LLC2.71%
Marex Group Plc2.18%
UBS Group AG2.00%
Goldman Sachs Group Inc1.58%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Margin has compressed by about 2468.3 points over the period — profitability is trending down.

Operating margin trend382.9% → -2085.5%

Margin has compressed by about 2468.3 points over the period — profitability is trending down.

Return on equity-37.8%

Latest ROE of -37.8% is on the low side — the business earns a modest return on shareholder capital.

One-off items2 of last 3 yrs

Recent reported profit includes sizeable one-off / non-operating items — the underlying operating trend may differ from the headline.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $210.4M · EPS 0.94

Est. earnings growth +150.9%

Next fiscal year

Rev $890.4M · EPS -0.68

Est. earnings growth +72.9%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$6.6652-wk range$23.45

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$4.7B

Day change

+0.9%

Fwd P/E

-18.2

P/B

2.1

Beta

5.37

Revenue (FY2025)

$58.7M

Net margin

-2234.1%

ROE

-37.8%

Revenue CAGR (2y)

+0.9%

EPS (FY2025)

-3.69

Net profit (FY2025)

$-1.3B

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$58.7M	$-1.3B	-3.69	-2234.1%	-37.8%
FY2024	$96.5M	$541.3M*	1.72	—	13.1%
FY2023	$57.7M	$261.2M*	1.06	—	16.2%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$17.4M	—	-3.31	—
2025Q3	$16.8M	—	0.27	—
2025Q2	$15.2M	—	1.84	—
2025Q1	$14.7M	—	-1.55	—
2024Q3	$16.8M	$-124.8M	-0.42	-744.0%
2024Q2	$24.9M	$-199.7M	-0.72	-801.6%
2024Q1	$43.2M	$337.2M*	1.26	—
2023Q3	$5.1M	$-390,000	-0.34	-7.7%
2023Q2	$9.5M	$-9.0M	-0.07	-93.9%
2023Q1	$18.9M	$118.7M*	0.72	—

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Material agreement, Completion of acquisition/disposition, Reg FD disclosure, Exhibits
SEC7/9/2026material
8-K — Other events, Exhibits
SEC6/25/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC6/22/2026material
8-K — Results of operations, Exhibits
SEC5/11/2026material
10-Q filing
SEC5/11/2026
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC4/30/2026material
8-K — Other events
SEC3/26/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.