MARA MARA Holdings, Inc. - Common Stock

NASDAQ · Technology · Ver em SEC EDGAR ↗

$12,79

Preço · Mai 20, 2026

Fundamentais a partir de Mai 11, 2026

Intervalo 52 Semanas

$7–$23

36% of range

Classificação do Analista

Margem de Lucro Líquido

-144.6%

MARA Instantâneo da Ação Preço, capitalização de mercado, P/E, EPS, ROE, dívida/patrimônio, intervalo de 52 semanas

Preço

$12.79

Capitalização de Mercado

$3.41B

P/E (TTM)

-2.4

EPS (TTM)

$-3.69

Receita (TTM)

$907M

Rendimento div.

—

ROE

-34.5%

Dívida/Capital

1.1

Intervalo 52 Semanas

$7 – $23

MARA Gráfico de Preço da Ação OHLCV diário com indicadores técnicos — panorâmica, zoom e personalize sua visualização

Desempenho de 10 Anos Tendências de receita, lucro líquido, margens e EPS

Receita e Lucro Líquido $907M

2017-12-31 → 2025-12-31

EPS $-3.69

2019-12-31 → 2025-12-31

Fluxo de caixa livre $-1.21B

2017-12-31 → 2025-12-31

Margens -144.6%

Avaliação Rácios P/E, P/S, P/B, EV/EBITDA — a ação está cara ou barata?

Métrica

Tendência de 5 anos

MARA

Mediana de Pares

P/E (TTM)

-2.4

41.0

P/S (TTM)

3.8

4.7

P/B

1.0

7.3

EV / EBITDA

-5.3

—

Price / FCF (Preço / FCF)

-2.8

—

Lucratividade Margens bruta, operacional e líquida; ROE, ROA, ROIC

Métrica

Tendência de 5 anos

MARA

Mediana de Pares

Operating Margin (Margem Operacional)

-135.0%

—

Net Profit Margin (Margem de Lucro Líquido)

-144.6%

0.08%

ROA

-18.6%

1.3%

ROE

-34.5%

-1.7%

ROIC

-16.5%

—

Saúde financeira Dívida, liquidez, solvência — força do balanço patrimonial

Métrica

Tendência de 5 anos

MARA

Mediana de Pares

Debt / Equity (Dívida / Patrimônio Líquido)

1.1

3.5

Current Ratio (Índice de liquidez corrente)

1.3

1.9

Quick Ratio (Índice de Liquidez Seca)

1.0

—

Crescimento Crescimento da receita, EPS e lucro líquido: YoY, CAGR 3 anos, CAGR 5 anos

Métrica

Tendência de 5 anos

MARA

Mediana de Pares

Revenue YoY (Receita Ano a Ano)

38.2%

—

Revenue CAGR 3Y (CAGR Receita 3A)

97.5%

—

Revenue CAGR 5Y (CAGR Receita 5A)

190.9%

—

EPS YoY

62.3%

—

Net Income YoY (Lucro Líquido Ano a Ano)

107.2%

—

Métricas por Ação EPS, valor patrimonial por ação, fluxo de caixa por ação, dividendo por ação

Métrica

Tendência de 5 anos

MARA

Mediana de Pares

EPS (Diluted) (EPS (Diluído))

$-3.69

—

Eficiência de Capital Giro de ativos, giro de estoques, giro de contas a receber

Métrica

Tendência de 5 anos

MARA

Mediana de Pares

MARA Consenso dos analistas Opiniões de analistas otimistas e pessimistas, preço-alvo de 12 meses, potencial de alta

COMPRA 22 analistas

Compra forte 4 18,2%
Compra 9 40,9%
Manter 8 36,4%
Venda 1 4,5%
Venda forte 0 0,0%

Preço-alvo de 12 meses

10 analistas · 2026-05-17

Mediana $15.50

Média $18.32

Agora $12.79

Mín $8.50

Máx $30.00

Alvo mediano $15.50 +21,2%

Alvo médio $18.32 +43,3%

Histórico de Lucros EPS real vs. estimativa, surpresa %, taxa de acerto, próxima data de resultados

Surpresa Média

-1.1%

Período	EPS Actual	EPS est.	Surpresa
31 de Março de 2026	$-3.31	$-2.20	-1.1%
31 de Dezembro de 2025	$-4.52	$-0.13	-4.4%
30 de Setembro de 2025	$0.31	$0.45	-0.14%
30 de Junho de 2025	$1.89	$0.63	1.3%
31 de Março de 2025	$-1.21	$0.03	-1.2%

Comparação com pares Métricas chave vs pares do setor

Ticker	Capitalização de Mercado	P/E	Receita YoY	Margem Líquida	ROE	Margem Bruta
MARA	$3.41B	-2.4	38.2%	-144.6%	-34.5%	—
IDCC	$8.18B	27.0	-4.0%	48.8%	37.2%	—
DBX	$6.75B	14.9	-1.1%	20.2%	-32.8%	80.1%
TTAN	—	-46.1	24.5%	-16.6%	-10.6%	70.1%
APPF	—	60.0	19.7%	14.8%	28.2%	—
PEGA	$10.17B	28.0	16.6%	22.5%	55.7%	75.9%
ZETA	—	-145.4	29.7%	-2.4%	-4.3%	—
KVYO	—	-295.2	31.6%	-2.6%	-2.8%	74.7%
ACIW	$4.91B	22.1	10.4%	12.9%	15.6%	—
CLSK	—	—	—	—	—	—
BILL	$4.77B	-660.9	13.4%	1.6%	0.62%	81.4%

Fundamentos Completos Todas as métricas por ano — demonstração de resultados, balanço patrimonial, fluxo de caixa

Demonstração de Resultados 18

Dados anuais de Demonstração de Resultados para MARA
Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$907M	$656M	$388M	$118M	$159M	$4M	$1M	$2M	$519.6K	$37M	$19M	$21M
Cost of Revenue	·	$816M	$403M	$151M	$42M	$7M	$2M	$3M	$3M	$27M	$17M	$12M
Gross Profit	·	·	·	$-34M	$117M	·	·	·	·	·	·	·
R&D Expense	$30M	$13M	$3M	$98.0K	·	·	·	·	·	·	·	·
SG&A Expense	$350M	$254M	$84M	$57M	$174M	$6M	$465.8K	$1M	$831.0K	$840.2K	$1M	$545.5K
Operating Expenses	·	$-465M	$-236M	$640M	$120M	$7M	$5M	$14M	$15M	$52M	$45M	$28M
Operating Income	$-1.22B	$306M	$221M	$-674M	$-3M	$-10M	$-4M	$-12M	$-14M	$-16M	$-26M	$-6M
Interest Expense	·	·	$10M	$15M	$2M	$21.0K	$51.9K	$81.5K	$1M	$3M	$4M	$543.3K
Interest Income	$56M	$17M	$3M	$1M	$677.4K	$18.3K	$33.7K	$14.2K	$2.8K	$4.4K	$1.1K	$634
Other Non-op	$-27M	$-5M	$-17M	$262.0K	$-288.0K	$-607.0K	·	$-668.9K	$-3M	$-57.5K	$170.7K	$-52.2K
Pretax Income	$-1.37B	$617M	$278M	$-718M	$-5M	$-10M	$-4M	$-13M	$-31M	$-17M	$-25M	$-7M
Income Tax	$-56M	$75M	$16M	$-24M	$25M	$2.0K	·	$69.1K	$-104.0K	$12M	$-8M	$-5M
Net Income	$-1.31B	$541M	$261M	$-694M	$-30M	$-10M	$-4M	$-13M	$-31M	$-29M	$-17M	$-3M
EPS (Basic)	$-3.69	$1.87	$1.41	$-6.12	$-0.30	$-0.13	$-0.53	·	·	$-1.89	$-1.19	$-0.27
EPS (Diluted)	$-3.69	$1.72	$1.06	$-6.12	$-0.30	$-0.13	$-0.53	·	·	$-1.89	$-1.19	$-0.27
Shares (Basic)	355,167,578	289,961,989	183,855,570	113,467,837	99,337,587	81,408,340	6,664,238	·	·	15,178,056	14,208,787	11,660,879
Shares (Diluted)	355,167,578	311,841,347	192,293,277	113,467,837	99,337,587	81,408,340	6,664,238	·	·	15,178,056	14,208,787	11,660,879
EBITDA	$-1.22B	$306M	$221M	·	$-85M	$-10M	$-4M	$-12M	$-14M	$-16M	$-26M	$-6M

Balanço Patrimonial 29

Dados anuais de Balanço Patrimonial para MARA
Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$547M	$392M	$357M	$104M	$269M	$141M	$693.0K	$3M	$15M	$5M	$3M	$5M
Short-term Investments	·	·	·	·	$224M	·	·	·	·	·	·	·
Receivables	·	·	$0	·	·	·	·	·	$6.8K	$95.1K	$136.8K	$217.0K
Prepaid Expense	$44M	$36M	$26M	$41M	$35M	$2M	$800.0K	$464.0K	$92.9K	$428.0K	$338.6K	$438.4K
Current Assets	$664M	$470M	$1.03B	$278M	$684M	$286M	$1M	$3M	$15M	$6M	$5M	$8M
PP&E (Net)	$1.49B	$1.55B	$672M	$273M	$276M	$17M	$4M	$1M	$10.0K	$28.3K	$61.3K	$53.8K
PP&E (Gross)	$2.69B	$2.14B	$868M	$290M	$298M	·	·	·	·	·	·	·
Accum. Depreciation	$1.20B	$594M	$196M	$17M	$21M	$6M	$3M	$4M	$134.5K	$108.4K	$67.1K	$16.1K
Goodwill	$0	$83M	$0	·	·	·	·	·	·	$222.8K	$4M	$5M
Intangibles	$988.0K	$3M	$0	·	$931.0K	$1M	$1M	$1M	·	$12M	$25M	$43M
Other Non-current Assets	·	·	·	·	·	·	·	·	·	$201.2K	$9.2K	·
Total Assets	$7.29B	$6.80B	$1.99B	$1.20B	$1.44B	$313M	$7M	$5M	$15M	$18M	$47M	$61M
Accounts Payable	$13M	$13M	$11M	$1M	$8M	$999.7K	$1M	$1M	$2M	$7M	$7M	$3M
Accrued Liabilities	$87M	$77M	$22M	$22M	$3M	·	·	·	·	·	·	·
Short-term Debt	$48M	$0	·	·	·	·	·	$999.1K	$2M	$13M	$10M	$17M
Current Liabilities	$522M	$95M	$34M	$26M	$11M	$1M	$2M	$2M	$8M	$20M	$17M	$22M
Capital Leases	$40M	$23M	$354.0K	$1M	·	·	$120.5K	·	·	·	·	·
Deferred Tax	$30M	$89M	$15M	$0	$23M	·	·	·	·	·	$1M	$2M
Other Non-current Liabilities	$12M	$8M	$0	·	·	·	·	·	·	$44.0K	$50.1K	·
Total Liabilities	·	·	·	·	$765M	$2M	$3M	$2M	$8M	$28M	$35M	$37M
Long-term Debt	$3.60B	$2.45B	$326M	$782M	$728M	·	$999.1K	$999.1K	$2M	$18M	·	·
Total Debt	$3.65B	·	$326M	·	·	·	·	$999.1K	$2M	$13M	$10M	·
Common Stock	$37.0K	$34.0K	$24.0K	$15.0K	$10.0K	$8.2K	$846	$638	$1.2K	$463	$1.5K	$1.4K
Paid-in Capital	$4.81B	$4.16B	$2.18B	$1.23B	$836M	$428M	$110M	$105M	$97M	$50M	$43M	$37M
Retained Earnings	$-1.34B	$-26M	$-568M	$-840M	$-146M	$-116M	$-106M	$-102M	$-89M	$-58M	$-29M	$-12M
AOCI	$0	·	·	·	·	$-450.7K	$-450.7K	$-450.7K	$-450.7K	$-1M	$-1M	$-388.4K
Stockholders' Equity	$3.47B	$4.13B	$1.62B	$386M	$682M	$312M	$4M	$3M	$7M	$-9M	$13M	$24M
Liabilities + Equity	$7.29B	$6.80B	$1.99B	$1.20B	$1.44B	$313M	$7M	$5M	$15M	$18M	$47M	$61M
Shares Outstanding	379,464,892	340,258,453	242,829,391	145,565,916	102,733,273	81,974,619	8,458,781	6,379,992	12,477,781	4,638,118	14,867,141	13,791,460

Fluxo de Caixa 15

Dados anuais de Fluxo de Caixa para MARA
Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$773M	$429M	$186M	$79M	$15M	$3M	·	·	·	·	$11M	$6M
Stock-based Comp	$172M	$158M	$33M	$25M	$161M	$1M	$933.7K	$1M	$2M	$2M	$2M	$2M
Deferred Tax	$-59M	$73M	$15M	$-25M	$25M	$9M	·	·	$-57.3K	$11M	$-8M	$-5M
Amort. of Intangibles	$900.0K	$23M	$0	$0	$71.2K	$71.2K	$71.2K	$66.0K	$2M	$7M	$11M	$6M
Operating Cash Flow	$-803M	$-677M	$-316M	$-176M	$-19M	$-8M	$-3M	$-8M	$-11M	$10M	$-3M	$4M
CapEx	$407M	$251M	$28M	$41M	$274M	$18M	$5.2K	$5M	$7.8K	$8.4K	$58.4K	$53.0K
Investing Cash Flow	$-670M	$-3.23B	$5M	$-390M	$-891M	$-81M	$1M	$-4M	$-7.8K	$-4M	·	·
Stock Issued	$569M	$1.85B	$608M	$361M	$312M	$223M	$255.9K	·	·	$5M	·	·
Stock Repurchased	$47M	$37M	$380.0K	$0	·	·	·	·	·	·	·	·
Net Stock Activity	$522M	$1.82B	$608M	·	$325M	$230M	$255.9K	·	·	$5M	·	·
Financing Cash Flow	$1.63B	$3.95B	$556M	$411M	$1.04B	$230M	$245.5K	·	$20M	$-4M	·	·
Net Change in Cash	$155M	$46M	$245M	$-156M	$127M	$141M	$-2M	$-12M	$10M	$2M	·	·
Taxes Paid	$2M	·	·	·	·	·	·	·	$5.5K	$43.1K	$168.4K	$39.1K
Free Cash Flow	$-1.21B	$-928M	$-343M	·	·	·	$-3M	$-13M	$-1M	$10M	$-3M	·
Levered FCF	·	·	$-353M	·	·	·	·	$-14M	$-2M	$5M	$-6M	·

Lucratividade 7

Dados anuais de Lucratividade para MARA
Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	-135.0%	46.6%	57.0%	·	-56.5%	-225.7%	-357.7%	-772.9%	-2729.6%	-42.5%	-135.3%	-29.0%
Net Margin	-144.6%	82.5%	67.4%	·	-24.0%	-239.8%	-296.7%	-820.2%	-6030.1%	-78.3%	-89.3%	-14.7%
Pretax Margin	-150.8%	93.9%	71.6%	·	-8.7%	-239.8%	-296.7%	-815.8%	-6050.1%	-47.3%	-132.2%	-31.8%
EBITDA Margin	-135.0%	46.6%	57.0%	·	-56.5%	-225.7%	-357.7%	-772.9%	-2729.6%	-42.5%	-135.3%	-29.0%
ROA	-18.6%	12.3%	16.4%	·	-4.1%	-6.5%	-59.5%	-126.5%	-187.9%	-87.5%	-31.4%	-8.7%
ROE	-34.5%	18.8%	26.1%	·	-5.4%	-6.0%	-98.6%	-275.4%	3300.0%	-1613.8%	-91.7%	-17.3%
ROIC	-16.5%	6.5%	10.7%	·	-34.3%	·	·	-309.7%	-154.5%	-642.6%	-75.2%	-6.9%

Liquidez e Solvência 5

Dados anuais de Liquidez e Solvência para MARA
Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.3	4.9	30.5	·	49.9	198.4	0.8	1.3	2.0	0.3	0.3	0.3
Quick Ratio	1.0	4.1	10.6	·	35.7	97.9	0.4	1.1	1.9	0.2	0.2	0.2
Debt / Equity	1.1	·	0.2	·	·	·	·	0.3	0.2	-1.4	0.8	·
LT Debt / Equity	0.9	·	0.2	·	·	·	·	·	·	·	·	·
Interest Coverage	·	·	21.3	·	-54.2	-468.6	-81.7	-148.2	-10.8	-5.0	-6.0	-11.4

Eficiência 2

Dados anuais de Eficiência para MARA
Métrica	Tendência	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.1	0.1	0.2	·	0.2	0.0	0.2	0.2	0.0	1.1	0.4	0.6
Receivables Turnover		·	·	·	·	·	·	·	·	10.2	315.9	107.3	87.9

Por Ação 5

Dados anuais de Por Ação para MARA
Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$9.15	$12.13	$6.65	·	$6.65	$3.80	$0.43	$0.11	$0.59	$-0.49	$0.85	$1.74
Revenue / Share	$2.55	$2.10	$2.02	·	$1.51	·	·	·	·	$2.41	$1.34	·
Cash Flow / Share	$-2.26	$-2.17	$-1.64	·	$-0.18	·	·	·	·	$0.67	$-0.21	·
Cash / Share	$1.44	$1.15	$1.47	·	$2.61	$1.72	$0.08	$0.10	$1.20	$0.27	$0.17	$0.37
EPS (TTM)	$-3.69	$1.72	$1.06	$-6.12	$-0.30	$-0.13	$-0.53	·	·	$-1.89	$-1.19	$-0.27

Taxas de Crescimento 5

Dados anuais de Taxas de Crescimento para MARA
Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	38.2%	69.4%	229.1%	-26.0%	3553.0%	·	·	·	·	·	·	·
Revenue CAGR 3Y	97.5%	60.4%	346.4%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	190.9%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	·	62.3%	·	·	·	·	·	·	·	·	·	·
Net Income YoY	·	107.2%	·	·	·	·	·	·	·	·	·	·

Avaliação (TTM) 14

Dados anuais de Avaliação (TTM) para MARA
Métrica	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$907M	$656M	$388M	$118M	$159M	$4M	$1M	$2M	$519.6K	$37M	$19M	$21M
Net Income TTM	$-1.31B	$541M	$261M	$-694M	$-30M	$-10M	$-4M	$-13M	$-31M	$-29M	$-17M	$-3M
Market Cap	$3.41B	$5.71B	$5.70B	·	$3.38B	$856M	$7M	$37M	$205M	$511M	$381M	$1.88B
Enterprise Value	$6.51B	·	$5.67B	·	·	·	·	$35M	$191M	$519M	$388M	·
P/E	-2.4	9.8	22.2	-0.6	-109.5	-80.3	-1.7	·	·	-14.6	-21.5	-499.0
P/S	3.8	8.7	14.7	·	21.2	196.4	6.3	23.5	393.8	13.9	20.1	87.6
P/B	1.0	1.4	3.5	·	4.9	2.7	2.0	12.6	27.7	-56.0	30.0	77.3
P / Tangible Book	1.0	1.4	3.5	1.3	5.0	2.8	·	·	·	·	·	·
P / Cash Flow	-4.2	-8.4	-18.1	·	-185.3	-110.1	-2.2	-4.5	-191.3	50.2	-128.5	·
P / FCF	-2.8	-6.1	-16.6	·	·	·	-2.2	-2.7	-189.9	50.2	-126.0	·
EV / EBITDA	-5.3	·	25.7	·	·	·	·	-2.9	-13.5	-33.3	-15.1	·
EV / FCF	-5.4	·	-16.5	·	·	·	·	-2.6	-177.7	51.0	-128.6	·
EV / Revenue	7.2	·	14.6	·	·	·	·	22.5	368.4	14.2	20.5	·
Earnings Yield	-41.1%	10.3%	4.5%	-179.0%	-0.91%	-1.2%	-60.2%	·	·	-6.9%	-4.7%	-0.20%

Demonstração de Resultados 18

Dados trimestrais de Demonstração de Resultados para MARA
Métrica	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$175M	$202M	$252M	$238M	$214M	$214M	$132M	$145M	$165M	$157M	$98M	$82M	$51M	$28M	$13M	$25M
Cost of Revenue	·	·	·	·	·	·	$199M	$182M	$168M	·	$113M	$92M	$51M	$44M	$40M	$41M
Gross Profit	·	·	·	·	·	·	·	·	·	·	$-15M	$-11M	$22.0K	·	·	·
R&D Expense	$8M	$4M	$9M	$9M	$9M	$4M	$3M	$4M	$2M	$1M	$713.0K	$651.0K	$209.0K	·	·	·
SG&A Expense	$87M	$86M	$85M	$93M	$86M	$73M	$59M	$53M	$69M	$29M	$19M	$20M	$15M	$19M	$12M	$10M
Operating Expenses	·	·	·	·	·	·	$105M	$196M	$-373M	·	$65M	$-5M	$-122M	$396M	$17M	$182M
Operating Income	$-1.06B	$-1.41B	$48M	$680M	$-541M	$341M	$-172M	$-232M	$370M	$185M	$-80M	$-6M	$122M	$-411M	$-44M	$-198M
Interest Expense	·	·	·	·	·	·	·	·	$1M	·	$3M	$3M	$4M	$5M	$4M	$4M
Interest Income	$11M	$17M	$18M	$10M	$12M	$8M	$4M	$2M	$3M	$1M	$426.0K	$118.0K	·	·	·	·
Other Non-op	$4M	$-25M	$1M	$-6M	$2M	$-7M	$-1M	$93.0K	$3M	$-18M	$0	$30.0K	$791.0K	$-358.0K	$238.0K	$135.0K
Pretax Income	$-1.29B	$-1.89B	$161M	$1.02B	$-653M	$647M	$-174M	$-231M	$375M	$168M	$-317.0K	$-9M	$119M	$-415M	$-79M	$-202M
Income Tax	$-31M	$-183M	$38M	$209M	$-119M	$118M	$-49M	$-32M	$38M	$16M	$73.0K	$203.0K	$75.0K	$-23M	$-6M	$11M
Net Income	$-1.26B	$-1.71B	$123M	$808M	$-533M	$529M	$-125M	$-200M	$337M	$152M	$-390.0K	$-9M	$119M	$-392M	$-72M	$-213M
EPS (Basic)	$-3.31	$-4.76	$0.33	$2.29	$-1.55	$1.71	$-0.42	$-0.72	$1.30	$0.73	$0.00	$-0.07	$0.75	$-3.39	$-0.62	$-1.94
EPS (Diluted)	$-3.31	$-4.25	$0.27	$1.84	$-1.55	$1.60	$-0.42	$-0.72	$1.26	$0.75	$-0.34	$-0.07	$0.72	$-3.39	$-0.62	$-1.94
Shares (Basic)	380,157,050	-713,905,287	372,073,173	352,901,683	344,098,009	-542,753,866	294,942,685	278,674,506	259,098,664	-323,408,540	179,602,722	168,474,882	159,186,506	-215,605,868	116,533,816	109,437,293
Shares (Diluted)	380,157,050	-899,968,880	470,126,290	440,912,159	344,098,009	-529,688,287	294,942,685	278,674,506	267,912,443	-328,917,836	183,736,770	168,474,882	168,999,461	-215,605,868	116,533,816	109,437,293
EBITDA	$-1.06B	·	$48M	$680M	$-541M	·	$-172M	$-232M	$370M	·	$-16M	$-16M	$-4M	·	$-47M	$-178M

Balanço Patrimonial 26

Dados trimestrais de Balanço Patrimonial para MARA
Métrica	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$514M	$547M	$826M	$109M	$196M	$392M	$164M	$256M	$324M	$357M	$101M	$114M	$125M	$104M	$55M	$86M
Receivables	·	·	·	·	·	·	$3M	$19M	$8M	·	·	·	·	·	·	·
Prepaid Expense	$41M	$44M	$40M	$41M	$28M	$36M	$17M	$28M	$33M	·	$36M	$52M	$60M	·	$26M	$12M
Current Assets	$611M	$664M	$962M	$236M	$292M	$470M	$239M	$372M	$1.64B	·	$433M	$422M	$386M	·	$240M	$362M
PP&E (Net)	$1.41B	$1.49B	$1.55B	$1.63B	$1.57B	$1.55B	$1.09B	$930M	$802M	·	$742M	$784M	$715M	·	$404M	$314M
PP&E (Gross)	$2.65B	$2.69B	$2.56B	$2.52B	$2.30B	$2.14B	$1.55B	$1.29B	$1.08B	·	$867M	$855M	$749M	·	·	·
Accum. Depreciation	$1.24B	$1.20B	$1.01B	$883M	$731M	$594M	$460M	$362M	$274M	·	$125M	$72M	$34M	·	$27M	$55M
Goodwill	$90M	$0	$83M	$83M	$83M	$83M	$45M	$45M	$31M	·	·	·	·	·	·	·
Intangibles	$43M	$988.0K	$771.0K	$2M	$2M	$3M	$2M	$2M	$22M	·	·	·	·	·	·	·
Total Assets	$4.95B	$7.29B	$9.15B	$7.72B	$6.44B	$6.80B	$3.58B	$3.12B	$2.96B	·	$1.38B	$1.37B	$1.30B	·	$1.48B	$1.51B
Accounts Payable	$8M	$13M	$11M	$10M	$6M	$13M	$13M	$29M	$33M	·	$15M	$7M	$3M	·	$19M	$51M
Accrued Liabilities	$105M	$87M	$74M	$57M	$46M	$77M	$37M	$67M	$32M	·	$22M	$20M	$18M	·	$2M	$3M
Short-term Debt	$48M	$48M	·	·	·	$0	·	·	·	·	·	·	·	·	·	·
Current Liabilities	$331M	$522M	$459M	$441M	$368M	$95M	$60M	$99M	$71M	·	$38M	$28M	$24M	·	$46M	$90M
Capital Leases	$41M	$40M	$40M	$40M	$33M	$23M	$15M	$15M	$13M	·	$388.0K	$423.0K	$909.0K	·	$1M	$1M
Deferred Tax	$9M	$30M	$216M	$178M	$0	$89M	$0	$21M	$53M	·	·	·	$75.0K	·	$23M	$29M
Other Non-current Liabilities	$13M	$12M	$12M	$12M	$12M	$8M	$8M	$8M	$17M	·	·	·	·	·	·	·
Long-term Debt	$2.42B	$3.60B	$3.25B	$2.25B	$2.30B	$2.45B	$619M	·	·	·	·	·	·	·	·	·
Total Debt	$2.46B	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Common Stock	$38.0K	$37.0K	$37.0K	$36.0K	$34.0K	$34.0K	$30.0K	$28.0K	$27.0K	·	$21.0K	$17.0K	$17.0K	·	$11.7K	$11.4K
Paid-in Capital	$4.83B	$4.81B	$4.79B	$4.54B	$4.28B	$4.16B	$3.41B	$3.07B	$2.71B	·	$1.82B	$1.46B	$1.39B	·	$1.06B	$1.02B
Retained Earnings	$-2.60B	$-1.34B	$372M	$249M	$-560M	$-26M	$-555M	$-430M	$-230M	·	$-803M	$-867M	$-848M	·	$-432M	$-357M
AOCI	$-5M	·	·	·	·	·	·	·	·	·	·	·	·	·	$-450.7K	$-450.7K
Stockholders' Equity	$2.23B	$3.47B	$5.16B	$4.79B	$3.72B	$4.13B	$2.86B	$2.64B	$2.48B	·	$1.02B	$594M	$546M	·	$625M	$659M
Liabilities + Equity	$4.95B	$7.29B	$9.15B	$7.72B	$6.44B	$6.80B	$3.58B	$3.12B	$2.96B	·	$1.38B	$1.37B	$1.30B	·	$1.48B	$1.51B
Shares Outstanding	380,873,087	379,464,892	378,601,057	362,337,906	346,279,403	340,258,453	304,912,746	287,046,579	268,944,172	242,829,391	210,184,718	174,209,038	167,259,602	145,565,916	116,810,405	113,865,235

Fluxo de Caixa 15

Dados trimestrais de Fluxo de Caixa para MARA
Métrica	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$192M	$286M	$167M	$162M	$158M	$140M	$124M	$111M	$82M	$77M	$54M	$37M	$18M	$14M	$26M	$20M
Stock-based Comp	$31M	$30M	$38M	$55M	$49M	$54M	$23M	$28M	$52M	$19M	$6M	$4M	$4M	$6M	$3M	$6M
Deferred Tax	·	·	·	·	·	·	·	·	·	·	·	·	·	$-25M	$-6M	·
Amort. of Intangibles	$1M	$100.0K	·	·	$300.0K	$242.0K	$219.0K	$19M	$3M	$0	$0	$0	$0	·	·	$8.7K
Restructuring	$46M	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Operating Cash Flow	$-247M	$-225M	$-199M	$-163M	$-215M	$-313M	$-160M	$-115M	$-88M	$-91M	$-82M	$-114M	$-91M	$-93M	$-43M	$-15M
CapEx	$80M	$164M	$85M	$119M	$39M	$187M	$38M	$17M	$9M	$2M	$2M	$6M	$17M	$21M	$6M	$7M
Investing Cash Flow	$1.19B	$-47M	$-286M	$-127M	$-210M	$-2.00B	$-538M	$-278M	$-417M	$5M	$34M	$38M	$-9M	$-22M	$-35M	$-125M
Stock Issued	$0	$-3M	$253M	$219M	$100M	$697M	$321M	$345M	$489M	$343M	$37M	$66M	$163M	$163M	$38M	$73M
Stock Repurchased	$7M	$4M	$8M	$15M	$20M	$8M	$6M	$7M	$17M	$380.0K	$0	$0	$0	·	·	·
Net Stock Activity	$-7M	·	·	·	$80M	·	·	·	$473M	·	·	·	$163M	·	·	·
Financing Cash Flow	$-1.11B	$-7M	$1.20B	$204M	$230M	$2.54B	$606M	$337M	$472M	$342M	$21M	$79M	$113M	$163M	$52M	$111M
Net Change in Cash	$-169M	$-279M	$717M	$-87M	$-196M	$228M	$-92M	$-56M	$-33M	$256M	$-27M	$3M	$12M	$48M	$-26M	$-29M
Free Cash Flow	$-327M	·	·	·	$-254M	·	·	·	$-97M	·	·	·	$-46M	·	·	·
Levered FCF	·	·	·	·	·	·	·	·	$-99M	·	·	·	$-50M	·	·	·

Lucratividade 7

Dados trimestrais de Lucratividade para MARA
Métrica	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	-607.9%	·	18.9%	285.0%	-253.0%	·	-130.8%	-160.1%	223.8%	·	-16.0%	-19.9%	-7.5%	·	-367.6%	-715.1%
Net Margin	-723.0%	·	48.8%	338.9%	-249.4%	·	-94.8%	-137.6%	204.1%	·	65.5%	-23.4%	-14.1%	·	-594.3%	-769.0%
Pretax Margin	-740.7%	·	63.7%	426.3%	-305.1%	·	-132.1%	-159.4%	227.1%	·	65.6%	-23.2%	-14.0%	·	-639.6%	-729.5%
EBITDA Margin	-607.9%	·	18.9%	285.0%	-253.0%	·	-130.8%	-160.1%	223.8%	·	-16.0%	-19.9%	-7.5%	·	-367.6%	-715.1%
ROA	-22.2%	·	1.9%	14.9%	-11.3%	·	-5.0%	-8.9%	15.8%	·	4.5%	-1.3%	-0.51%	·	-7.0%	-18.3%
ROE	-42.4%	·	3.1%	21.7%	-17.2%	·	-6.4%	-12.3%	22.3%	·	7.8%	-3.0%	-1.1%	·	-11.7%	-30.9%
ROIC	-22.1%	·	0.71%	11.3%	-11.9%	·	-4.3%	-7.6%	13.4%	·	-1.5%	-2.8%	-0.71%	·	-6.9%	-28.5%

Liquidez e Solvência 5

Dados trimestrais de Liquidez e Solvência para MARA
Métrica	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	1.8	·	2.1	0.5	0.8	·	4.0	3.7	23.1	·	11.3	14.9	16.2	·	5.3	4.0
Quick Ratio	1.5	·	1.8	0.2	0.5	·	2.8	2.8	4.7	·	2.7	4.0	5.2	·	1.2	1.0
Debt / Equity	1.1	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
LT Debt / Equity	1.0	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Interest Coverage	·	·	·	·	·	·	·	·	294.4	·	-6.2	-5.7	-1.0	·	-12.4	-47.5

Eficiência 2

Dados trimestrais de Eficiência para MARA
Métrica	Tendência	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.0	·	0.0	0.0	0.0	·	0.1	0.1	0.1	·	0.1	0.1	0.0	·	0.0	0.0
Receivables Turnover		·	·	·	·	·	·	91.0	15.5	38.9	·	·	·	·	·	·	·

Por Ação 5

Dados trimestrais de Por Ação para MARA
Métrica	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$5.86	·	$13.62	$13.22	$10.76	·	$9.37	$9.21	$9.21	·	$4.85	$3.41	$3.26	·	$5.35	$5.79
Revenue / Share	$0.46	·	$0.54	$0.54	$0.62	·	$0.45	$0.52	$0.62	·	$0.52	$0.49	·	·	·	·
Cash Flow / Share	$-0.65	·	·	·	$-0.63	·	·	·	$-0.33	·	·	·	·	·	·	·
Cash / Share	$1.35	·	$2.18	$0.30	$0.57	·	$0.54	$0.89	$1.21	·	$0.48	$0.65	$0.75	·	$0.47	$0.76
EPS (TTM)	$-2.75	·	$0.14	$-0.85	$-1.43	·	$-0.22	$0.13	$1.57	·	$-0.31	$-1.91	$-2.01	·	·	·

Avaliação (TTM) 14

Dados trimestrais de Avaliação (TTM) para MARA
Métrica	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$879M	·	$836M	$729M	$656M	·	$540M	$490M	$396M	·	$259M	$174M	$117M	·	$141M	$158M
Net Income TTM	$-865M	·	$273M	$-50M	$-521M	·	$12M	$128M	$447M	·	$-283M	$-355M	$-559M	·	$-324M	$-361M
Market Cap	$3.11B	·	$6.91B	$5.68B	$3.98B	·	$4.95B	$5.70B	$6.07B	·	$1.79B	$2.41B	$1.46B	·	$1.25B	$608M
Enterprise Value	$5.06B	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
P/E	-3.0	·	130.4	-18.4	-8.0	·	-73.7	152.7	14.4	·	-27.4	-7.3	-4.3	·	·	·
P/S	3.5	·	8.3	7.8	6.1	·	9.2	11.6	15.3	·	6.9	13.9	12.4	·	8.9	3.9
P/B	1.4	·	1.3	1.2	1.1	·	1.7	2.2	2.5	·	1.8	4.1	2.7	·	2.0	0.9
P / Tangible Book	1.5	·	1.4	1.2	1.1	·	1.8	2.2	2.5	·	1.8	4.1	2.7	·	2.0	0.9
P / Cash Flow	-12.6	·	·	·	-18.5	·	·	·	-68.7	·	·	·	-50.6	·	·	·
P / FCF	-9.5	·	·	·	-15.7	·	·	·	-62.3	·	·	·	-31.7	·	·	·
EV / EBITDA	-4.8	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
EV / FCF	-15.5	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
EV / Revenue	5.8	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Earnings Yield	-33.7%	·	0.77%	-5.4%	-12.4%	·	-1.4%	0.65%	7.0%	·	-3.6%	-13.8%	-23.1%	·	·	·

Demonstrações Financeiras Demonstração de resultados, balanço patrimonial, fluxo de caixa — anual, últimos 5 anos

Demonstração de Resultados

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2022-03-31
Receita	$907M	$656M	$388M	$118M	—
Margem Operacional %	-135.0%	46.6%	57.0%	—	—
Lucro líquido	$-1.31B	$541M	$261M	$-694M	—
EPS Diluído	$-3.69	$1.72	$1.06	$-6.12	—

Balanço Patrimonial

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2022-03-31
Dívida / Patrimônio Líquido	1.1	—	0.2	—	—
Índice de liquidez corrente	1.3	4.9	30.5	—	—
Índice de Liquidez Seca	1.0	4.1	10.6	—	—

Fluxo de Caixa

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2022-03-31
Fluxo de caixa livre	$-1.21B	$-928M	$-343M	—	—

Últimas notícias Notícias recentes mencionando esta empresa

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Sinais de trading Sinais recentes de compra/venda com preço de entrada e relação risco/recompensa

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Preço-alvo de 12 meses

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Comparação com pares Métricas chave vs pares do setor

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Demonstrações Financeiras Demonstração de resultados, balanço patrimonial, fluxo de caixa — anual, últimos 5 anos

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