Marathon Digital Holdings Inc. (MARA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1180 N. TOWN CENTER DRIVE LAS VEGAS, NV 89144 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 357,313 | 103,705 | 492,301 | 141,323 | 693 | 2,551 | |||
| Cash and cash equivalents | 357,313 | 103,705 | 268,522 | 141,323 | 693 | 2,551 | |||
| Short-term investments | 223,779 | ||||||||
| Restricted cash and investments | |||||||||
| Receivables | 2,091 | 18 | 30,000 | 74,767 | |||||
| Deposits current assets | 7,240 | 2,350 | 34,458 | ||||||
| Intangible current assets | 123,200 | ||||||||
| Other undisclosed current assets | 663,159 | 171,475 | 8,191 | 70,319 | 801 | 464 | |||
| Total current assets: | 1,029,803 | 277,548 | 688,150 | 286,409 | 1,494 | 3,015 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ||||||||
| Operating lease, right-of-use asset | 443 | 1,276 | 200 | 297 | ✕ | ||||
| Property, plant and equipment | 671,772 | 273,026 | 276,243 | 17,224 | 3,755 | 1,035 | |||
| Long-term investments and receivables | 95,589 | 488,299 | 3,000 | ||||||
| Long-term investments | 95,589 | 488,299 | 3,000 | ||||||
| Intangible assets, net (including goodwill) | 931 | 1,002 | 1,074 | 1,145 | |||||
| Goodwill | |||||||||
| Intangible assets, net (excluding goodwill) | 931 | 1,002 | 1,074 | 1,145 | |||||
| Prepaid expense | 27,284 | 8,317 | 13,666 | 8,415 | |||||
| Deposits noncurrent assets | 466,255 | ||||||||
| Deferred income tax assets | ✕ | ||||||||
| Other undisclosed noncurrent assets | 166,082 | 146,778 | |||||||
| Total noncurrent assets: | 961,170 | 917,696 | 760,094 | 26,842 | 5,126 | 2,179 | |||
| TOTAL ASSETS: | 1,990,973 | 1,195,244 | 1,448,244 | 313,251 | 6,620 | 5,195 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 33,358 | 23,605 | 12,927 | 1,000 | 1,238 | 1,235 | |||
| Accounts payable | 11,343 | 1,311 | |||||||
| Accrued liabilities | 22,015 | 22,294 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 12,927 | 1,000 | 1,238 | 1,235 | |||||
| Debt | 88 | 999 | |||||||
| Derivative instruments and hedges, liabilities | |||||||||
| Estimated litigation liability | 1,171 | ||||||||
| Other liabilities | 514 | ||||||||
| Other undisclosed current liabilities | 400 | 1,337 | 867 | 444 | 13 | 39 | |||
| Total current liabilities: | 33,758 | 26,113 | 13,794 | 1,444 | 1,853 | 2,274 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 325,654 | 782,171 | 728,406 | 63 | 1,120 | ||||
| Long-term debt, excluding current maturities | 325,654 | 782,171 | 728,406 | 63 | 999 | ||||
| Finance lease, liability | ✕ | ||||||||
| Liabilities, other than long-term debt | 15,640 | 1,017 | 23,021 | ||||||
| Deferred income tax liabilities | 15,286 | 23,021 | ✕ | ||||||
| Other liabilities | |||||||||
| Operating lease, liability | 354 | 1,017 | 120 | ✕ | |||||
| Derivative instruments and hedges, liabilities | |||||||||
| Total noncurrent liabilities: | 341,294 | 783,188 | 751,427 | 63 | 1,120 | ||||
| Other undisclosed liabilities | 4 | ||||||||
| Total liabilities: | 375,052 | 809,305 | 765,221 | 1,506 | 2,972 | 2,274 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,615,921 | 385,943 | 683,023 | 311,745 | 3,648 | 2,921 | |||
| Common stock | 24 | 15 | 10 | 8 | 1 | 3 | |||
| Additional paid in capital | 2,183,537 | 1,226,267 | 835,694 | 428,243 | 109,705 | 105,459 | |||
| Accumulated other comprehensive loss | (451) | (451) | (451) | (451) | |||||
| Accumulated deficit | (567,640) | (840,339) | (152,230) | (116,055) | (105,608) | (102,090) | |||
| Other undisclosed equity | (4) | ||||||||
| Total equity: | 1,615,921 | 385,939 | 683,023 | 311,745 | 3,648 | 2,921 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,990,973 | 1,195,244 | 1,448,244 | 313,251 | 6,620 | 5,195 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 387,508 | 117,753 | 150,464 | 4,357 | 1,185 | 1,562 | ||
| Gain on disposition of assets for financial service operations | 83,880 | |||||||
| Cost of revenue | (402,851) | (151,426) | (7,001) | (2,482) | (3,352) | |||
| Cost of goods and services sold | (402,851) | (151,426) | ||||||
| Gross profit: | (15,343) | (33,673) | 150,464 | (2,644) | (1,297) | (1,789) | ||
| Operating expenses | 236,254 | (630,195) | (235,552) | (1,423) | (5,424) | (13,639) | ||
| Other undisclosed operating income (loss) | (5,766) | 2,482 | 3,352 | |||||
| Operating income (loss): | 220,911 | (663,868) | (85,088) | (9,833) | (4,239) | (12,076) | ||
| Nonoperating income (expense) | 2,809 | 1,283 | 71,934 | (615) | 722 | 127 | ||
| Investment income, nonoperating | 677 | 18 | 34 | 14 | ||||
| Other nonoperating income | 2,809 | 1,283 | 82 | 113 | 112 | |||
| Interest and debt expense | 71,917 | (14,980) | (1,570) | (21) | 182 | (81) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 295,637 | (677,565) | (14,724) | (10,469) | (3,335) | (12,031) | ||
| Loss from equity method investments | (617) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (17,421) | (31,013) | 1,570 | 21 | (182) | (714) | ||
| Income (loss) from continuing operations before income taxes: | 277,599 | (708,578) | (13,154) | (10,448) | (3,517) | (12,745) | ||
| Income tax expense (benefit) | (16,426) | 21,838 | (23,021) | (2) | (69) | |||
| Income (loss) from continuing operations: | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | (12,814) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (36,175) | (10,450) | (3,517) | (12,814) | |
| Net income (loss): | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | (12,814) | ||
| Other undisclosed net income attributable to parent | 2 | |||||||
| Net income (loss) attributable to parent: | 261,173 | (686,740) | (36,175) | (10,448) | (3,517) | (12,814) | ||
| Preferred stock dividends and other adjustments | (2,121) | |||||||
| Net income (loss) available to common stockholders, basic: | 259,052 | (686,740) | (36,175) | (10,448) | (3,517) | (12,814) | ||
| Interest on convertible debt | 7,421 | |||||||
| Dilutive securities, effect on basic earnings per share | (62,909) | |||||||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | 203,564 | (686,740) | (36,175) | (10,448) | (3,517) | (12,814) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | (12,814) | ||
| Other comprehensive income | 0 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | (12,814) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.