NASDAQ: MARA
Financial Services · Financial - Capital Markets
Market Cap
$3.63B
52w High
$23.45
52w Low
$6.66
P/E
-2.58
Volume
36.13M
Outstanding Shares
380.23M
Price vs Fundamentals
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
The stock fell 18.74% over the last year. Revenue grew 38.2% over the trailing twelve months. Operating margin moved from 46.64% to -16.04%. Free cash flow grew 66.43% over the trailing twelve months.
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/E range. That looks more like a rerating of the multiple than a collapse in the business.
This read changes if operating margin (currently -16.04%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States.
Valuation
Stock splits
Every 4 shares became 1
Every 4 shares became 1
Every 1 shares became 2
Every 13 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
10
Buy
9
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
May 14, 2026
View
EPS
Actual vs estimate by quarter
-$0.81
-$0.53
-$0.32
-$0.26
-$0.46
-$0.23
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Revenue
Actual vs estimate by quarter
$238.49M
$255.2M
$252.41M
$251.47M
$202.31M
$252.18M
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