Marathon Digital Holdings, Inc.(MARA) Stock Research - Grey Stern Research
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Marathon Digital Holdings, Inc. (MARA) Stock Analysis

$15.47 (1.71%)

MARA Financial Performance


Use the table below to view Marathon Digital Holdings, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $15.21 -
52 Week Low $7.16 -
52 Week High $34.09 -
Market Cap $4.5 Billion 1/7
Gross Margin -25% 5/7
Profit Margin -100% 4/7
EBITDA margin -177% 7/7
Q2 - 2024 Revenue $145.1 Million 1/7
Q2 - 2024 Earnings -$199.7 Million 6/7
Q2 - 2024 Free Cash Flow $3.9 Million 1/7
Trailing 4 Quarters Revenue $565.0 Million 1/7
Trailing 4 Quarters Earnings $425.1 Million 1/7
Quarterly Earnings Growth -944% 6/7
Annual Earnings Growth 1141% 1/7
Quarterly Revenue Growth 78% 5/7
Annual Revenue Growth 140% 2/7
Cash On Hand $268.0 Million 2/7
Short Term Debt $496,000 7/7
Long Term Debt $326.5 Million 2/7

Marathon Digital Holdings, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Marathon Digital Holdings, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 10.54 3/7
PS 7.93 2/7
PB 1.69 3/7
PC 16.71 2/7
Liabilities to Equity 0.18 3/7
ROA 0.14 2/7
ROE 0.16 2/7
Current Ratio 6.57 5/7
Quick Ratio 0.60 6/7
Long Term Debt to Equity 0.12 2/7
Debt to Equity 0.13 3/7
Burn Rate 1.26 6/7
Cash to Cap 0.06 5/7
CCR -0.02 6/7
EV to EBITDA -17.72 5/7
EV to Revenue 8.07 2/7

Company Details

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. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.

CEO: Mr. Merrick Okamoto

Website: https://www.marathondh.com

Address: 1180 N Town Center Dr Ste 100 Las Vegas, NEVADA

Exchange: NASDAQ Capital Market

Industry: Capital Markets

Marathon Digital Holdings, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Marathon Digital Holdings, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Riot Blockchain, Inc. RIOT $2.2 Billion
CleanSpark, Inc. CLSK $2.2 Billion
Bit Digital, Inc. BTBT $486.2 Million
Hut 8 Mining Corp. HUT $1.1 Billion
Bitfarms Ltd. BITF $897.9 Million
TeraWulf Inc. WULF $1.7 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
MARA Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 145.1 Million -$199.7 Million
Q1 2024 $ 165.2 Million $337.2 Million
Q4 2023 $ 156.8 Million $223.4 Million
Q3 2023 $ 97.8 Million $64.1 Million
Q2 2023 $ 81.8 Million -$19.1 Million
Q1 2023 $ 51.1 Million -$7.2 Million
Q4 2022 $ 28.4 Million -$406.7 Million
Q3 2022 $ 12.7 Million -$75.4 Million

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MARA Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $268.0 Million $3.1 Billion $346.9 Million $2.6 Billion
Q1 2024 $324.3 Million $3.0 Billion $340.5 Million $2.5 Billion
Q4 2023 $357.3 Million $2.0 Billion $0 $1.6 Billion
Q3 2023 $101.2 Million $1.4 Billion $325.8 Million $1.0 Billion
Q2 2023 $113.7 Million $1.4 Billion $734.8 Million $610.2 Million
Q1 2023 $124.9 Million $1.3 Billion $734.5 Million $545.9 Million
Q4 2022 $103.7 Million $1.2 Billion $783.5 Million $385.9 Million
Q3 2022 $55.3 Million $1.5 Billion $782.6 Million $625.1 Million

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MARA Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $3.9 Million -$17.2 Million -$56.2 Million
Q1 2024 $47.0 Million -$9.1 Million -$33.0 Million
Q4 2023 -$164.6 Million -$73.4 Million $256.1 Million
Q3 2023 -$84.1 Million -$2.5 Million -$26.8 Million
Q2 2023 -$120.1 Million -$6.0 Million $3.1 Million
Q1 2023 -$46.1 Million -$17.3 Million $12.4 Million
Q4 2022 -$113.5 Million -$21.3 Million $48.4 Million
Q3 2022 -$49.5 Million -$6.1 Million -$25.5 Million

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