profit from every $100 of sales.
$0$100
Marathon Digital Holdings
$7.66+4.36% today
-47.6% in 1 year
1-year low $5.881-year high $14.85
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Marathon Digital Holdings sold, what it kept, and what it did with the cash.
Sales went from $118 million in 2022 to $907 million in 2025, with -$1.31 billion of profit last year.
SalesProfit
Marathon Digital Holdings vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Marathon Digital Holdings | No profit yet | ||
 Raymond James Financial | 15.1× · Fair price | ||
 Tradeweb Markets | 35.0× · Expensive | ||
 Nomura Holdings | 13.3× · Cheap | ||
 LPL Financial Holdings | 27.2× · Fair price |
AI analysis
An AI analyst reads Marathon Digital Holdings's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 118 | 388 | 656 | 907 | |
| -34 | 388 | 558 | 728 | |
| -117 | -111 | -468 | -822 | |
| -625 | 473 | 1,059 | -547 | |
| -694 | 261 | 541 | -1,311 | |
| -6.12 | 1.06 | 1.72 | -3.69 | |
| -28.6% | 100.0% | 85.0% | 80.3% | |
| -99.0% | -28.5% | -71.2% | -90.6% | |
| -589.4% | 67.4% | 82.5% | -144.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 1,195 | 1,991 | 6,801 | 7,287 |
| Cash | 104 | 357 | 392 | 547 |
| Total debt | 784 | 326 | 2,474 | 3,645 |
| Total liabilities | 809 | 375 | 2,665 | 3,810 |
| 386 | 1,616 | 4,129 | 3,472 | |
| 113 | 192 | 312 | 355 | |
| -47.5% | 11.7% | 7.5% | -14.7% | |
| -179.8% | 16.2% | 13.1% | -37.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -176 | -316 | -677 | -803 | |
| 41 | 28 | 253 | 407 | |
| -218 | -343 | -930 | -1,210 | |
| Dividends paid | – | – | – | – |
| 0 | 16 | 0 | 0 | |
| 25 | 33 | 158 | 172 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- –
- –
- –
- 2.3×
- 3.3×
- -44.2%
- 0.0%
Profitability
- -144.6%
- 3.0%
- -11.8%
- -52.1%
- -41.2%
Growth
- +97.5%
- –
- –
- +37.5%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 40%of 748
Bottom 1%of 603
Top 3%of 883
Bottom 3%of 933
What analysts expect
- Average price target
- $16.13
- Range
- $8.50 – $30.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 11, 2026 | -0.61 | -0.46 | −32.6% |
| Feb 26, 2026 | -0.46 | -0.23 | −100.0% |
| Nov 4, 2025 | -0.32 | -0.26 | −23.1% |
| Jul 29, 2025 | -0.81 | -0.53 | −52.8% |
| May 8, 2025 | -0.40 | -0.34 | −17.6% |
| Feb 26, 2025 | 1.24 | -0.32 | +487.5% |
| Nov 12, 2024 | -0.38 | -0.34 | −12.5% |
| Aug 1, 2024 | -0.24 | -0.23 | −4.3% |
News
MARA heads into Q3 earnings: Here's what to expectSeeking Alpha · Nov 8, 2026Carl Icahn’s CVR Energy reportedly nears $4B deal to acquire Marathon refineriesSeeking Alpha · Nov 3, 2026YieldMax MARA Option Income Strategy ETF declares $0.0394 dividendSeeking Alpha · Oct 14, 2026YieldMax MARA Option Income Strategy ETF announces weekly distribution of $0.0470Seeking Alpha · Oct 8, 2026Why Marathon Petroleum Stock Slipped TodayYahoo Finance · Sep 23, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
19No pass
Benjamin Graham
32No pass
Philip Fisher
39No pass
Peter Lynch
61Pass
Joel Greenblatt
0No pass
Charlie Munger
19No pass
Terry Smith
29No pass
Questions about Marathon Digital Holdings
Is Marathon Digital Holdings a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Marathon Digital Holdings AI analysis
What does Marathon Digital Holdings do?
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. It is in Financial - Capital Markets, based in Hallandale Beach, FL, United States, with 266 employees.
Does Marathon Digital Holdings pay a dividend?
No. Marathon Digital Holdings does not pay a dividend at the moment.
Is Marathon Digital Holdings stock halal?
No. Marathon Digital Holdings does not pass our halal screen: its debt is 123% of its market value, at or above the 33% limit. How we check
How has Marathon Digital Holdings stock done over the past year?
Down 47.6% over the past twelve months, to $7.66. It traded between $5.88 and $14.85 and is 48.4% below its high.
Who are Marathon Digital Holdings's competitors?
The largest listed companies in the same industry are Raymond James Financial, Tradeweb Markets, Nomura Holdings and LPL Financial Holdings. The peers table on this page compares their profit, growth and price with Marathon Digital Holdings's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.