MARA Holdings, Inc.(MARA)Stock Analysis
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Rank #2,783 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MARA Stock Analysis & AI Quality Score
AI stock analysis and institutional research for MARA Holdings, Inc. (MARA), a Financials sector company. 13F Pro's AI-powered ranking engine scores MARA at 12.2/100 on a 32-signal composite quality model, placing it at rank #2,783 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include free cash flow (1.5) and profitability (2.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 9.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), MARA Holdings, Inc. reports quarterly revenue of $174.6M, net income of $-1.3B, free cash flow of $-327.0M. Top institutional holders of MARA by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. MARA trades on the Nasdaq exchange and files with the SEC under CIK 1507605. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MARA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MARA Holdings, Inc. directly from SEC EDGAR. MARA Holdings, Inc.'s 13F Pro composite quality score has ranged between 8 and 83 since 2024, currently 12.2 — a declining long-term trajectory across 43 quarterly and live scoring snapshots.
Revenue
Q1 2026
$174.6M
Net Income
Q1 2026
$-1.3B
Free Cash Flow
Q1 2026
$-327.0M
ROIC
Q1 2026
-22.8%
D/E Ratio
Q1 2026
1.17
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+38.2% YoYNet Income
-342.3% YoYOperating Income
-499.9% YoYEPS (Diluted)
-314.5% YoYTotal Assets
+7.1% YoYTotal Debt
+63.4% YoYOp. Cash Flow
-18.6% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $907.1M +38.2% | $656.4M +69.4% | $387.5M +229.1% | $117.8M +2602.6% | $4.4M +178.9% | $1.6M |
| Net Income | $-1.31B -342.3% | $541.3M +108.9% | $259.1M +137.3% | $-694.0M -6542.6% | $-10.4M +18.5% | $-12.8M |
| Operating Income | $-1.22B -499.9% | $306.1M +38.6% | $220.9M +132.8% | $-673.5M -6760.3% | $-9.8M +18.7% | $-12.1M |
| EPS (Diluted) | $-3.69 -314.5% | $1.72 +62.3% | $1.06 +117.3% | $-6.12 -4607.7% | $-0.13 | — |
| Total Assets | $7.29B +7.1% | $6.80B +241.6% | $1.99B +66.6% | $1.20B +281.6% | $313.3M +5930.4% | $5.2M |
| Total Debt | $4.00B +63.4% | $2.45B +651.3% | $325.7M -58.4% | $782.2M | — | $999.1K |
| Operating Cash Flow | $-802.7M -18.6% | $-677.0M -114.5% | $-315.7M -78.9% | $-176.5M -2170.4% | $-7.8M +5.7% | $-8.2M |
AI Insight: MARA Financial Trends
MARA's operating losses have re-accelerated sharply — Q4 2025 and Q1 2026 logged combined operating losses of $2.47B while operating cash flow has been negative every single quarter in the dataset.
• Operating income swung from a $680M gain in Q2 2025 to a $1,411M loss in Q4 2025 and a $1,061M loss in Q1 2026.
• Revenue has softened from a peak of $252M in Q3 2025 to $175M in Q1 2026, the lowest reading since Q3 2024.
• Total debt surged from $619M in Q3 2024 to $3,998M in Q4 2025, though it pulled back to $2,614M in Q1 2026.
• Equity collapsed from $5,158M in Q3 2025 to $2,232M in Q1 2026, a $2.9B decline in just two quarters.
⚠ Operating cash flow has been negative every quarter from Q2 2024 through Q1 2026 — deepening to -$247M in Q1 2026.
⚠ Debt remains elevated at $2,614M in Q1 2026 versus near-zero pre-2024 levels; refinancing risk warrants close monitoring.
⚠ Net income data is missing for Q1 2025 through Q1 2026, limiting full earnings-quality assessment across the most recent five quarters.
AI Insight: MARA Ratio Trends
ROIC has collapsed to -87.6% in Q1 2026, reversing the brief Q2 2025 peak of 38.6% and signaling deep capital destruction.
• ROIC swung from -35.2% in Q2 2024 to a peak of 38.6% in Q2 2025, then cratered to -87.6% in Q1 2026.
• D/E ratio has climbed from 0.22 in Q3 2024 to 1.17 in Q1 2026, more than quintupling leverage over five quarters.
• Q4 2024 showed an isolated bright spot — operating margin of 159.1% and ROE of 51.2% — but was not sustained in subsequent quarters.
⚠ ROIC of -87.6% in Q1 2026 is the worst reading in the dataset; monitor whether this reflects a temporary mining-cycle trough or structural deterioration.
⚠ D/E at 1.17 matches its highest recorded level; rising leverage alongside deeply negative returns amplifies balance-sheet risk.
⚠ Widespread gaps in OpMargin, NPM, ROE, and ROA across recent quarters limit visibility into true earnings quality.
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Available Research
13F Pro tracks comprehensive data for MARA Holdings, Inc. including:
Top Institutional Holders of MARA
BlackRock, Inc.
$487.8M59,775,301 shVANGUARD PORTFOLIO MANAGEMENT LLC
$215.7M26,439,424 shVANGUARD CAPITAL MANAGEMENT LLC
$133.4M16,352,439 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$124.4M15,239,300 shSTATE STREET CORP
$124.2M15,220,168 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$101.0M12,376,400 shPoint72 Asset Management, L.P.
$97.3M109,705,000 shToroso Investments, LLC
$95.6M11,711,000 shWOLVERINE ASSET MANAGEMENT LLC
$92.2M11,304,700 shJANE STREET GROUP, LLC
$89.1M10,917,600 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $487.8M | 59,775,301 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $215.7M | 26,439,424 |
| VANGUARD CAPITAL MANAGEMENT LLC | $133.4M | 16,352,439 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $124.4M | 15,239,300 |
| STATE STREET CORP | $124.2M | 15,220,168 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $101.0M | 12,376,400 |
| Point72 Asset Management, L.P. | $97.3M | 109,705,000 |
| Toroso Investments, LLC | $95.6M | 11,711,000 |
| WOLVERINE ASSET MANAGEMENT LLC | $92.2M | 11,304,700 |
| JANE STREET GROUP, LLC | $89.1M | 10,917,600 |
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Popular Research
Is MARA a good stock to buy?
13F Pro's AI-powered analysis of MARA Holdings, Inc. (MARA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MARA are available on the MARA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MARA?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MARA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MARA Holdings, Inc.'s investment landscape.