Is MARA Holdings (MARA) overvalued or fairly valued?

MarketChacha shows MARA Holdings's valuation in context — a forward P/E of about -46.0, a price-to-book of about 2.2 — 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 $9.65 (+7.7% on the day), as of 8/19/2026 — a delayed quote shown for education, not investment advice.

MARA Holdings

MARA · NYSE · Technology · United States

Snapshot

TickerMARA

ExchangeNYSE

SectorTechnology

IndustryCapital Markets

CountryUnited States

Employees266

HeadquartersHallandale Beach, United States

Websitewww.mara.com

Filings tracked20

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.

Who owns it

Insiders0.8%
Institutions75.7%
Public & other23.4%

559 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.59%
Vanguard Portfolio Management LLC7.09%
Vanguard Capital Management LLC4.28%
State Street Corporation4.12%
Geode Capital Management, LLC2.81%
Shaw D.E. & Co., Inc.2.69%
Marex Group Ltd.2.06%
Morgan Stanley1.75%

Largest institutional holders — last updated 6/30/2026.

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 $177.1M · EPS 1.37

Est. earnings growth +277.5%

Next fiscal year

Rev $781.9M · EPS -0.21

Analyst consensus estimates — not the company's own guidance.

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

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

Ask MarketChacha about MARA

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

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
2026Q2	$13.8M	$-611.3M	-1.60	-4426.3%
2026Q1	$17.4M	$-1.3B	-3.31	-7249.7%
2025Q3	$16.8M	$123.1M*	0.27	—
2025Q2	$15.2M	$808.2M*	1.84	—
2025Q1	$14.7M	$-533.4M	-1.55	-3623.7%
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 — Results of operations, Exhibits
SEC8/6/2026material
10-Q filing
SEC8/6/2026
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC8/4/2026material
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
10-K filing
SEC3/2/2026
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC2/26/2026material
8-K — Results of operations, Exhibits
SEC2/26/2026material
8-K — Executive/director change, Exhibits
SEC2/25/2026material

2025

8-K — Results of operations, Exhibits
SEC11/4/2025material
10-Q filing
SEC11/4/2025
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC8/11/2025material
8-K — Results of operations, Exhibits
SEC7/29/2025material
10-Q filing
SEC7/29/2025
8-K — Material agreement, Material financial obligation, Unregistered equity sale, Reg FD disclosure, Exhibits
SEC7/28/2025material

In the news

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