NASDAQ · MARA
Marathon Digital Holdings, Inc.
Financial Services · Financial - Capital Markets
$13.24▲ 13.75% ($1.60)at close
After hours$13.24▲ 0.01%7:59 PM ET
Market cap
$5.05B
P/E
-1.41
EPS (TTM)
-$9.06
Next earnings
Nov 3, 2026
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 28.43% over the last year. Revenue grew 0.73% over the trailing twelve months. Operating margin moved from 38.52% to -99.61%. Free cash flow declined 3.13% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/E, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at -99.61%. Free cash flow fell 3.13% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Performance
Return analysis
Company profile
MARA Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the Bitcoin ecosystem.
Market multiples
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
9
Buy
9
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 3, 2026
Q4 FY26 · EPS est -$0.10 · Revenue est $181.34M
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