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MARA - Marathon Digital Holdings, Inc.

NASDAQ -> Financial Services -> Capital Markets
Las Vegas, United States
Type: Equity

MARA price evolution
MARA
(in millions $) 30 Sep 2023 30 Jun 2023 31 Mar 2023 31 Jan 2023
Current assets
Cash $108.31 $135.47 $136.81 $121.84
Short term investments $286.8 $234.41 $189.09 $121.84
Net receivables $1.19 $0.76 $0.17 $0.02
Inventory
Total current assets $432.65 $422.44 $386.31 $277.55
Long term investments $160.86 $154.99 $80.19 $105.88
Property, plant & equipment $742.16 $784.42 $716.1 $274.3
Goodwill & intangible assets
Total noncurrent assets $951.13 $950.8 $917.62 $917.7
Total investments $447.66 $389.4 $269.28 $227.72
Total assets $1383.78 $1373.24 $1303.93 $1195.24
Current liabilities
Accounts payable $15.22 $7.15 $3.23 $1.31
Deferred revenue
Short long term debt $0.15 $0.17 $0.34 $0.33
Total current liabilities $38.17 $28.34 $23.82 $26.11
Long term debt $325.65 $734.65 $734.17 $782.17
Total noncurrent liabilities $325.65 $750.4 $734.24 $783.19
Total debt $325.8 $734.83 $734.5 $783.51
Total liabilities $363.83 $778.74 $758.06 $809.3
Shareholders' equity
Retained earnings -$802.57 -$866.71 -$847.58 -$840.34
Other shareholder equity
Total shareholder equity $1019.95 $594.5 $545.87 $385.94
(in millions $) 31 Jan 2023 31 Dec 2021 31 Dec 2020 31 Dec 2019
Current assets
Cash $121.84 $268.52 $141.32 $0.69
Short term investments $121.84 $377.02 $2.27 $0
Net receivables $0.02 $30 $74.77
Inventory
Total current assets $277.55 $688.15 $286.41 $1.49
Long term investments $105.88 $3
Property, plant & equipment $274.3 $276.24 $17.42 $4.05
Goodwill & intangible assets $0.93 $1 $1.07
Total noncurrent assets $917.7 $760.09 $26.84 $5.13
Total investments $227.72 $380.02 $2.27 $0
Total assets $1195.24 $1448.24 $313.25 $6.62
Current liabilities
Accounts payable $1.31 $12.93 $1 $1.75
Deferred revenue
Short long term debt $0.33 $0.12 $0.09
Total current liabilities $26.11 $13.79 $1.44 $1.85
Long term debt $782.17 $728.41 $0.06 $1.12
Total noncurrent liabilities $783.19 $751.43 $0.06 $1.12
Total debt $783.51 $728.41 $0.18 $1.21
Total liabilities $809.3 $765.22 $1.51 $2.97
Shareholders' equity
Retained earnings -$840.34 -$152.23 -$116.06 -$105.61
Other shareholder equity -$0.45 -$0.45 -$0.45
Total shareholder equity $385.94 $683.02 $311.74 $3.65
(in millions $) 30 Sep 2023 30 Jun 2023 31 Mar 2023 31 Dec 2022
Revenue
Total revenue $97.85 $81.76 $51.13 $28.42
Cost of revenue $113.18 $92.5 $51.11 $43.57
Gross Profit -$15.33 -$10.74 $0.02 -$15.15
Operating activities
Research & development
Selling, general & administrative $20.14 $20.49 $15.34 $17.55
Total operating expenses $0.31 $5.5 $3.88 $409.2
Operating income -$15.63 -$16.24 -$3.86 -$424.34
Income from continuing operations
EBIT $66.75 -$16.09 -$3.4 -$423.69
Income tax expense $0.07 $0.2 $0.07 -$21.65
Interest expense $2.54 $2.84 $3.76 $4.67
Net income
Net income $64.14 -$19.13 -$7.24 -$406.71
Income (for common shares) $64.14 -$21.25 -$7.24 -$406.71
(in millions $) 31 Dec 2022 31 Jan 2022 31 Dec 2020 31 Dec 2019
Revenue
Total revenue $117.75 $4.36 $1.19
Cost of revenue $151.43 $7 $2.48
Gross Profit -$33.67 -$2.64 -$1.3
Operating activities
Research & development
Selling, general & administrative $56.74 $5.58 $2.07
Total operating expenses $630.2 $7.08 $2.94
Operating income -$663.87 -$9.72 -$4.24
Income from continuing operations
EBIT -$693.6 -$10.43 -$3.47
Income tax expense -$21.84
Interest expense $14.98 $0.02 $0.05
Net income
Net income -$686.74 -$10.45 -$3.52
Income (for common shares) -$686.74 -$10.45 -$3.52
(in millions $) 30 Sep 2023 30 Jun 2023 31 Mar 2023 31 Dec 2022
Net income $64.14 -$19.13 -$7.24 -$406.71
Operating activities
Depreciation $53.55 $37.27 $17.73 $13.83
Business acquisitions & disposals -$4.03 -$19.54 -$43.19
Stock-based compensation $5.51 $4.45 $3.94 $5.72
Total cash flows from operations -$81.62 -$114.06 -$28.81 -$92.24
Investing activities
Capital expenditures -$2.5 -$6.05 -$17.27 -$20.28
Investments $65.58 $113.93 $849.3
Total cash flows from investing $33.58 $38.08 -$72.03 -$22.16
Financing activities
Dividends paid
Sale and purchase of stock $36.95 $65.54 $163.29 $162.78
Net borrowings -$50
Total cash flows from financing $21.29 $79.06 $113.22 $162.76
Effect of exchange rate
Change in cash and equivalents -$26.75 $3.08 $12.38 $48.36
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net income -$686.74 -$36.17 -$10.45 -$3.52
Operating activities
Depreciation $78.71 $15.03 $3.09 $1.01
Business acquisitions & disposals
Stock-based compensation $24.59 $160.79 $1.18 $0.93
Total cash flows from operations -$176.48 -$18.22 -$7.77 -$3.32
Investing activities
Capital expenditures $137.26 -$708.92 -$83.39 -$0.01
Investments $805.78 -$180 $2.1 $1.22
Total cash flows from investing -$390.23 -$891.92 -$81.29 $1.21
Financing activities
Dividends paid
Sale and purchase of stock $361.49 $324.77 $236.23 $0.26
Net borrowings $49.25 $728.81 $0.06
Total cash flows from financing $410.65 $1037.33 $229.69 $0.25
Effect of exchange rate
Change in cash and equivalents -$156.05 $127.2 $140.63 -$1.86
Fundamentals
Market cap $6.14B
Enterprise value $6.35B
Shares outstanding 210.20M
Revenue $259.16M
EBITDA -$254.05M
EBIT -$376.44M
Net Income -$368.94M
Revenue Q/Q 671.04%
Revenue Y/Y N/A
P/E ratio -16.63
EV/Sales 24.51
EV/EBITDA -25.01
EV/EBIT -16.88
P/S ratio 23.68
P/B ratio 6.02
Book/Share 4.85
Cash/Share 0.52
EPS -$1.76
ROA -28.08%
ROE -57.96%
Debt/Equity 2.10
Net debt/EBITDA -1.01
Current ratio 11.33
Quick ratio 11.33