Marathon Digital Holdings Inc. (MARA) Financial Statements (2024 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) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
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 investments357,313103,705492,301141,3236932,551
Cash and cash equivalents357,313103,705268,522141,3236932,551
Short-term investments   223,779   
Receivables2,0911830,00074,767  
Deposits current assets7,2402,35034,458   
Intangible current assets   123,200   
Other undisclosed current assets663,159171,4758,19170,319801464
Total current assets:1,029,803277,548688,150286,4091,4943,015
Noncurrent Assets
Operating lease, right-of-use asset4431,276 200297
Property, plant and equipment671,772273,026276,24317,2243,7551,035
Long-term investments and receivables95,589488,2993,000   
Long-term investments95,589488,2993,000   
Intangible assets, net (including goodwill)  9311,0021,0741,145
Goodwill      
Intangible assets, net (excluding goodwill)  9311,0021,0741,145
Prepaid expense27,2848,31713,6668,415  
Deposits noncurrent assets  466,255   
Other undisclosed noncurrent assets166,082146,778    
Total noncurrent assets:961,170917,696760,09426,8425,1262,179
TOTAL ASSETS:1,990,9731,195,2441,448,244313,2516,6205,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:33,35823,60512,9271,0001,2381,235
Accounts payable11,3431,311    
Accrued liabilities22,01522,294    
Other undisclosed accounts payable and accrued liabilities   12,9271,0001,2381,235
Debt     88999
Derivative instruments and hedges, liabilities      
Estimated litigation liability  1,171    
Other liabilities     514 
Other undisclosed current liabilities4001,3378674441339
Total current liabilities:33,75826,11313,7941,4441,8532,274
Noncurrent Liabilities
Long-term debt and lease obligation325,654782,171728,406631,120 
Long-term debt, excluding current maturities325,654782,171728,40663999 
Liabilities, other than long-term debt15,6401,01723,021   
Deferred income tax liabilities15,286 23,021  
Other liabilities      
Operating lease, liability3541,017  120
Total noncurrent liabilities:341,294783,188751,427631,120 
Other undisclosed liabilities  4    
Total liabilities:375,052809,305765,2211,5062,9722,274
Equity
Equity, attributable to parent1,615,921385,943683,023311,7453,6482,921
Common stock241510813
Additional paid in capital2,183,5371,226,267835,694428,243109,705105,459
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:1,615,921385,939683,023311,7453,6482,921
TOTAL LIABILITIES AND EQUITY:1,990,9731,195,2441,448,244313,2516,6205,195

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues387,508117,753150,4644,3571,1851,562
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 expenses236,254(630,195)(235,552)(1,423)(5,424)(13,639)
Other undisclosed operating income (loss)    (5,766)2,4823,352
Operating income (loss):220,911(663,868)(85,088)(9,833)(4,239)(12,076)
Nonoperating income (expense)2,8091,28371,934(615)722127
Investment income, nonoperating  677183414
Other nonoperating income2,8091,28382113 112
Interest and debt expense71,917(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)
Income (loss) from equity method investments(617)     
Other undisclosed income (loss) from continuing operations before income taxes(17,421)(31,013)1,57021(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)     
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, basic:259,052(686,740)(36,175)(10,448)(3,517)(12,814)
Interest on convertible debt7,421     
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)

3/31/2024
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.

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