# MARA Holdings, Inc.: overview

MARA · Nasdaq · CIK 1507605 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mara.md) · [Financials](/companies/mara/financials.md) · [Filings](/companies/mara/filings.md) · [Insiders](/companies/mara/insiders.md)

Latest reported revenue: [$13.8m](/filings/0001507605-26-000022.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001507605-26-000022).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [16.8](/filings/0001507605-25-000028.md) | [12.8 d](/filings/0001507605-26-000007.md) | [14.7](/filings/0001507605-26-000016.md) | [15.2](/filings/0001507605-26-000022.md) | [16.8](/filings/0001507605-25-000028.md) | [12.0 d](/filings/0001507605-26-000007.md) | [17.4](/filings/0001507605-26-000016.md) | [13.8](/filings/0001507605-26-000022.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(1026.8%)](/filings/0001507605-25-000028.md) | [2670.5% d](/filings/0001507605-26-000007.md) | [(3675.5%)](/filings/0001507605-26-000016.md) | [4462.8%](/filings/0001507605-26-000022.md) | [283.4%](/filings/0001507605-25-000028.md) | [(11795.9%) d](/filings/0001507605-26-000007.md) | [(6096.0%)](/filings/0001507605-26-000016.md) | [(3772.9%)](/filings/0001507605-26-000022.md) |
| Net margin | % | [(744.0%)](/filings/0001628280-24-047148.md) | [4138.8% d](/filings/0001507605-26-000007.md) | [(3623.7%)](/filings/0001507605-26-000016.md) | [5306.0%](/filings/0001507605-26-000022.md) | [733.2%](/filings/0001507605-25-000028.md) | [(14294.8%) d](/filings/0001507605-26-000007.md) | [(7249.7%)](/filings/0001507605-26-000016.md) | [(4426.3%)](/filings/0001507605-26-000022.md) |
| Diluted EPS | $ per share | [(0.42)](/filings/0001507605-25-000028.md) | not reported | [(1.55)](/filings/0001507605-26-000016.md) | [1.84](/filings/0001507605-26-000022.md) | [0.27](/filings/0001507605-25-000028.md) | not reported | [(3.31)](/filings/0001507605-26-000016.md) | [(1.60)](/filings/0001507605-26-000022.md) |
| Free cash flow | $m | [(198) d](/filings/0001507605-25-000028.md) | [(500) d](/filings/0001507605-26-000007.md) | [(254)](/filings/0001507605-26-000016.md) | [(282) d](/filings/0001507605-26-000022.md) | [(284) d](/filings/0001507605-25-000028.md) | [(389) d](/filings/0001507605-26-000007.md) | [(327)](/filings/0001507605-26-000016.md) | [(239) d](/filings/0001507605-26-000022.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [24.2](/filings/0001628280-24-025261.md) | [9.9](/filings/0001507605-25-000003.md) | [57.7](/filings/0001507605-26-000007.md) | [96.5](/filings/0001507605-26-000007.md) | [58.7](/filings/0001507605-26-000007.md) |
| Gross margin | % | [482.1%](/filings/0001628280-24-025261.md) | [(340.7%)](/filings/0001628280-24-025261.md) | not reported | not reported | not reported |
| Operating margin | % | [(12.3%)](/filings/0001628280-24-025261.md) | [(6815.2%)](/filings/0001507605-25-000003.md) | [382.9%](/filings/0001507605-26-000007.md) | [317.1%](/filings/0001507605-26-000007.md) | [(2085.5%)](/filings/0001507605-26-000007.md) |
| Net margin | % | [(123.1%)](/filings/0001628280-24-025261.md) | [(7022.4%)](/filings/0001507605-25-000003.md) | [452.6%](/filings/0001507605-26-000007.md) | [560.7%](/filings/0001507605-26-000007.md) | [(2234.1%)](/filings/0001507605-26-000007.md) |
| Diluted EPS | $ per share | [(0.30)](/filings/0001628280-24-025261.md) | [(6.12)](/filings/0001507605-25-000003.md) | [1.06](/filings/0001507605-26-000007.md) | [1.72](/filings/0001507605-26-000007.md) | [(3.69)](/filings/0001507605-26-000007.md) |
| Free cash flow | $m | [(293)](/filings/0001628280-24-025261.md) | [(218)](/filings/0001507605-25-000003.md) | [(343)](/filings/0001507605-26-000007.md) | [(928)](/filings/0001507605-26-000007.md) | [(1,210)](/filings/0001507605-26-000007.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mara/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $890.3m | 64,095,643 |  | Added +4,320,342 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $380.6m | 27,399,926 |  | Added +960,502 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $229.8m | 16,544,675 |  | Added +192,236 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $220.9m | 15,901,746 |  | Added +681,578 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $188.0m | 10,872,917 |  | Added +557,748 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $183.3m | 13,195,800 | Put | Added +819,400 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $177.7m | 12,795,800 | Call | Reduced −2,443,500 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $144.1m | 10,376,069 |  | Added +9,057,890 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $141.6m | 10,191,300 | Call | Reduced −726,300 |
| [Marex Group Ltd](/funds/1997464.md) | 2026-06-30 | $110.5m | 7,953,008 |  | Reduced −361,889 |

## Recent filings

[All 1,119 filings](/companies/mara/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-25 | 20:30 ET | [8-K](/filings/0000950142-26-002607.md) | 1.01 Entry into a material agreement | 0000950142-26-002607 |
| 2026-08-06 | 20:15 ET | [10-Q](/filings/0001507605-26-000022.md) | Quarterly report, period 2026-06-30 | 0001507605-26-000022 |
| 2026-08-06 | 20:05 ET | [8-K](/filings/0001507605-26-000020.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001507605-26-000020 |
| 2026-08-04 | 12:05 ET | [8-K](/filings/0001493152-26-035933.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-035933 |
| 2026-07-09 | 12:09 ET | [8-K](/filings/0000950142-26-002012.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000950142-26-002012 |
| 2026-06-25 | 20:42 ET | [8-K](/filings/0000950142-26-001875.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0000950142-26-001875 |
| 2026-06-22 | 21:00 ET | [8-K](/filings/0001493152-26-029615.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001493152-26-029615 |
| 2026-05-11 | 20:16 ET | [10-Q](/filings/0001507605-26-000016.md) | Quarterly report, period 2026-03-31 | 0001507605-26-000016 |
| 2026-05-11 | 20:04 ET | [8-K](/filings/0001507605-26-000014.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001507605-26-000014 |
| 2026-04-30 | 20:11 ET | [DEF 14A](/filings/0001507605-26-000010.md) | Proxy statement, period 2026-06-18 | 0001507605-26-000010 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001507605-26-000007.md), filed Mar 2, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/b166ca25-bfed-4d8e-bd6c-e7035a74e201)

## About the filer

- CIK: 1507605
- Tickers: MARA
- Exchange: Nasdaq
- SIC code: 6199 Finance Services
- State of incorporation: NV
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:41 ET. No prices; not investment advice.