The Tip Desk

MARA Holdings, Inc.

Financial highlights

Amounts in billions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$0.9$0.7$0.4$0.1$0.2
Operating income-$1.2$0.3$0.2-$0.7-$<0.1
Net income-$1.3$0.5$0.3-$0.7-$<0.1
Balance Sheet
Total debt$3.6$2.5$0.3$0.7$0.7
Cash Flow Statement
Free cash flow-$1.2-$0.9-$0.3-$0.2-$0.3
Share repurchases$<0.1$<0.1$<0.1$0.0—

Shares outstanding 381.3M · Free float 95.5%

Annual filing data through FY ended December 31, 2025; float as of August 31, 2026.

Coverage