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
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments256,027324,268357,313101,210113,675124,882
Cash and cash equivalents256,027324,268357,313101,210113,675124,882
Restricted cash and investments      
Receivables18,7438,3682,0911,193759172
Derivative instruments and hedges, assets 13,710     
Deposits current assets26,18540,8557,2407,1047,50811,927
Other undisclosed current assets57,2811,267,269663,159323,139300,495249,327
Total current assets:371,9461,640,7601,029,803432,646422,437386,308
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization4,029     
Operating lease, right-of-use asset9,7289,0004435015591,180
Property, plant and equipment929,534802,332671,772741,659783,865714,916
Long-term investments and receivables385,424261,14095,58923,9647,35157,511
Long-term investments385,424261,14095,58923,9647,35157,511
Intangible assets, net (including goodwill)47,55652,516    
Goodwill45,36230,852    
Intangible assets, net (excluding goodwill)2,19421,664    
Prepaid expense21,15321,05527,28424,1524,0379,373
Derivative instruments and hedges 20,278     
Deposits noncurrent assets56,63959,164 57,82055,07054,450
Deferred income tax assets      
Other undisclosed noncurrent assets1,270,868111,020166,082103,03899,91880,194
Total noncurrent assets:2,745,2091,316,227961,170951,134950,800917,624
TOTAL ASSETS:3,117,1552,956,9871,990,9731,383,7801,373,2371,303,932
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities96,02265,51633,35836,92127,54020,991
Accounts payable28,84033,27411,34315,2197,1503,235
Accrued liabilities67,18232,24222,01521,70220,39017,756
Debt180     
Derivative instruments and hedges, liabilities 4,263    
Other liabilities2,693     
Other undisclosed current liabilities3161,3524001,2527972,828
Total current liabilities:99,21171,13133,75838,17328,33723,819
Noncurrent Liabilities
Long-term debt and lease obligation331,347326,083325,654325,266734,231733,260
Long-term debt, excluding current maturities326,513326,083325,654325,266734,231733,260
Finance lease, liability4,834     
Liabilities, other than long-term debt43,94282,88015,640388423984
Deferred income tax liabilities 20,84252,84215,286  75
Other liabilities7,99416,978    
Operating lease, liability15,10613,060354388423909
Derivative instruments and hedges, liabilities      
Total noncurrent liabilities:375,289408,963341,294325,654734,654734,244
Other undisclosed liabilities     15,750 
Total liabilities:474,500480,094375,052363,827778,741758,063
Equity
Equity, attributable to parent2,642,6552,476,8931,615,9211,019,953594,496545,869
Common stock282724211717
Additional paid in capital3,072,7532,707,3332,183,5371,822,5041,461,1881,393,428
Accumulated deficit(430,126)(230,467)(567,640)(802,572)(866,709)(847,576)
Total equity:2,642,6552,476,8931,615,9211,019,953594,496545,869
TOTAL LIABILITIES AND EQUITY:3,117,1552,956,9871,990,9731,383,7801,373,2371,303,932

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues145,139165,198156,76897,84981,75951,132
Cost of revenue
(Cost of Goods and Services Sold)
(181,695)(168,206)(146,068)(113,176)(92,497)(51,110)
Gross profit:(36,556)(3,008)10,700(15,327)(10,738)22
Operating expenses(195,841)372,712245,941(306)(5,500)(3,880)
Operating income (loss):(232,397)369,704256,641(15,633)(16,238)(3,858)
Nonoperating income2,4017,8091,443426148791
Investment income, nonoperating2,1885,236    
Other nonoperating income (expense)2132,5731,443426148791
Interest and debt expense(1,369)(1,256)(1,214)80,064(2,840)(4,093)
Income (loss) from continuing operations before equity method investments, income taxes:(231,365)376,257256,87064,857(18,930)(7,160)
Income (loss) from equity method investments491,25930(647)  
Other undisclosed loss from continuing operations before income taxes  (2,292)(17,421)   
Income (loss) from continuing operations before income taxes:(231,316)375,224239,47964,210(18,930)(7,160)
Income tax expense (benefit)31,657(38,051)(16,075)(73)(203)(75)
Net income (loss) attributable to parent:(199,659)337,173223,40464,137(19,133)(7,235)
Other undisclosed net loss available to common stockholders, basic     (2,121) 
Net income (loss) available to common stockholders, basic:(199,659)337,173223,40464,137(21,254)(7,235)
Interest on convertible debt  985 2,451  
Other undisclosed net loss available to common stockholders, diluted   (55,488)   
Net income (loss) available to common stockholders, diluted:(199,659)338,158167,91666,588(21,254)(7,235)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):(199,659)337,173223,40464,137(19,133)(7,235)
Comprehensive income (loss), net of tax, attributable to parent:(199,659)337,173223,40464,137(19,133)(7,235)

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.

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