MARA Holdings, Inc. (MARA) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1010 SOUTH FEDERAL HIGHWAY HALLANDALE BEACH, FL 33009 |
| 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)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 391,771 | 357,313 | 103,705 | 492,301 | 141,323 | 693 | |||
| Cash and cash equivalent | 391,771 | 357,313 | 103,705 | 268,522 | 141,323 | 693 | |||
| Short-term investments | 223,779 | ||||||||
| Restricted cash and investments | 12,000 | ||||||||
| Receivables | (2,255) | 2,091 | 18 | 30,000 | 74,767 | ||||
| Derivative instruments and hedges, assets | 1,542 | ||||||||
| Deposits current assets | 18,778 | 7,240 | 2,350 | 34,458 | |||||
| Intangible current assets | 123,200 | ||||||||
| Other undisclosed current assets | 48,537 | 663,159 | 171,475 | 8,191 | 70,319 | 801 | |||
| Total current assets: | 470,373 | 1,029,803 | 277,548 | 688,150 | 286,409 | 1,494 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 2,877 | ||||||||
| Operating lease, right-of-use asset | 16,874 | 443 | 1,276 | 200 | 297 | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,549,491 | 671,772 | 273,026 | 276,243 | 17,224 | 3,755 | |||
| Long-term investments and receivables | 178,745 | 95,589 | 488,299 | 3,000 | |||||
| Long-term investments | 178,745 | 95,589 | 488,299 | 3,000 | |||||
| Intangible asset, including goodwill, after accumulated amortization | 85,465 | 931 | 1,002 | 1,074 | |||||
| Goodwill | 82,751 | ||||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 2,714 | 931 | 1,002 | 1,074 | |||||
| Prepaid expense | 14,221 | 27,284 | 8,317 | 13,666 | 8,415 | ||||
| Derivative instruments and hedges | 7,405 | ||||||||
| Deposits noncurrent assets | 240,651 | 466,255 | |||||||
| Other undisclosed noncurrent assets | 4,235,215 | 166,082 | 146,778 | ||||||
| Total noncurrent assets: | 6,330,944 | 961,170 | 917,696 | 760,094 | 26,842 | 5,126 | |||
| TOTAL ASSETS: | 6,801,317 | 1,990,973 | 1,195,244 | 1,448,244 | 313,251 | 6,620 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 89,443 | 33,358 | 23,605 | 12,927 | 1,000 | 1,238 | |||
| Accounts payable | 12,556 | 11,343 | 1,311 | ||||||
| Accrued liabilities | 76,887 | 22,015 | 22,294 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 12,927 | 1,000 | 1,238 | ||||||
| Debt | 168 | 88 | |||||||
| Estimated litigation liability | 1,171 | ||||||||
| Other liabilities | 5,347 | 514 | |||||||
| Other undisclosed current liabilities | 239 | 400 | 1,337 | 867 | 444 | 13 | |||
| Total current liabilities: | 95,197 | 33,758 | 26,113 | 13,794 | 1,444 | 1,853 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,250,287 | 325,654 | 782,171 | 728,406 | 63 | 1,120 | |||
| Long-term debt, excluding current maturities | 2,246,578 | 325,654 | 782,171 | 728,406 | 63 | 999 | |||
| Finance lease, liability | 3,709 | ||||||||
| Liabilities, other than long-term debt | 119,891 | 15,640 | 1,017 | 23,021 | |||||
| Deferred income tax liabilities | 88,503 | 15,286 | 23,021 | ||||||
| Other liabilities | 8,411 | ||||||||
| Operating lease, liability | 22,977 | 354 | 1,017 | 120 | |||||
| Other undisclosed noncurrent liabilities | 200,000 | ||||||||
| Total noncurrent liabilities: | 2,570,178 | 341,294 | 783,188 | 751,427 | 63 | 1,120 | |||
| Other undisclosed liabilities | 4 | ||||||||
| Total liabilities: | 2,665,375 | 375,052 | 809,305 | 765,221 | 1,506 | 2,972 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,129,033 | 1,615,921 | 385,943 | 683,023 | 311,745 | 3,648 | |||
| Common stock | 34 | 24 | 15 | 10 | 8 | 1 | |||
| Additional paid in capital | 4,155,386 | 2,183,537 | 1,226,267 | 835,694 | 428,243 | 109,705 | |||
| Accumulated other comprehensive loss | (451) | (451) | (451) | ||||||
| Accumulated deficit | (26,387) | (567,640) | (840,339) | (152,230) | (116,055) | (105,608) | |||
| Equity, attributable to noncontrolling interest | 6,909 | ||||||||
| Other undisclosed equity | (4) | ||||||||
| Total equity: | 4,135,942 | 1,615,921 | 385,939 | 683,023 | 311,745 | 3,648 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,801,317 | 1,990,973 | 1,195,244 | 1,448,244 | 313,251 | 6,620 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 656,378 | 387,508 | 117,753 | 150,464 | 4,357 | 1,185 | ||
| Gain on disposition of assets for financial service operations | 83,880 | |||||||
| Cost of revenue | (815,751) | (402,851) | (151,426) | (7,001) | (2,482) | |||
| Cost of product and service sold | (815,751) | (402,851) | (151,426) | |||||
| Gross profit: | (159,373) | (15,343) | (33,673) | 150,464 | (2,644) | (1,297) | ||
| Operating expenses | 465,484 | 236,254 | (630,195) | (235,552) | (1,423) | (5,424) | ||
| Other undisclosed operating income (loss) | (5,766) | 2,482 | ||||||
| Operating income (loss): | 306,111 | 220,911 | (663,868) | (85,088) | (9,833) | (4,239) | ||
| Nonoperating income (expense) | 12,556 | 2,809 | 1,283 | 71,934 | (615) | 722 | ||
| Investment income, nonoperating | 20,947 | 677 | 18 | 34 | ||||
| Other nonoperating income (expense) | (8,391) | 2,809 | 1,283 | 82 | 113 | |||
| Interest and debt expense | 125 | 71,917 | (14,980) | (1,570) | (21) | 182 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 318,792 | 295,637 | (677,565) | (14,724) | (10,469) | (3,335) | ||
| Loss from equity method investments | (1,505) | (617) | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 299,216 | (17,421) | (31,013) | 1,570 | 21 | (182) | ||
| Income (loss) from continuing operations before income taxes: | 616,503 | 277,599 | (708,578) | (13,154) | (10,448) | (3,517) | ||
| Income tax expense (benefit) | (75,495) | (16,426) | 21,838 | (23,021) | (2) | |||
| Income (loss) from continuing operations: | 541,008 | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (36,175) | (10,450) | (3,517) | |
| Net income (loss): | 541,008 | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | ||
| Net income attributable to noncontrolling interest | 245 | |||||||
| Other undisclosed net income attributable to parent | 2 | |||||||
| Net income (loss) attributable to parent: | 541,253 | 261,173 | (686,740) | (36,175) | (10,448) | (3,517) | ||
| Preferred stock dividends and other adjustments | (2,121) | |||||||
| Net income (loss) available to common stockholders, basic: | 541,253 | 259,052 | (686,740) | (36,175) | (10,448) | (3,517) | ||
| Interest on convertible debt | 6,364 | 7,421 | ||||||
| Dilutive securities, effect on basic earnings per share | (10,278) | (62,909) | ||||||
| Net income (loss) available to common stockholders, diluted: | 537,339 | 203,564 | (686,740) | (36,175) | (10,448) | (3,517) | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 541,008 | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | ||
| Comprehensive income (loss): | 541,008 | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 245 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 541,253 | 261,173 | (686,740) | (36,175) | (10,450) | (3,517) | ||
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.