OakChart

MARA Holdings Inc

MARAFinancial·Capital Markets·USA·Mid·NASD·Nov 11 • 3:59 PM ET

7.66+0.32 (4.36%)
2026-11-11 22:51 CET
Market cap
2,835.43 USD m
Revenue, TTM
716.04 USD m
Net income, TTM
-2,944.59 USD m
Free cash flow, TTM
-320.89 USD m
EPS diluted, TTM
-8.15
P/E
-
Compare

Price

MARA against its 20, 50 and 200-day averages
2050200beatmiss
7.5010.0012.5015.0052.0M104.1MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MARAclose 7.6620-day 7.1250-day 9.68200-day 10.657.6652w high52w low

53.4% under the 52-week high of 16.43 on 22 Jun 2026. 52-week low 5.69 on 5 Nov 2026. Last 15 sessions, 39.6% high to low

Volume 1.13× normal · the line is the 50-bar volume average

Profile

MARA
52-week range, 18% of the way up
5.6916.43

MARA Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the Bitcoin ecosystem. It also deals with owning and operating bitcoin mining facilities or data centers, selling proprietary software or technology to third parties operating in the Bitcoin ecosystem, offering advisory and consulting services to support Bitcoin mining ventures in domestic and international jurisdictions, and generating electricity from renewable energy resources or methane gas capture to power Bitcoin mining projects. The company was founded on February 23, 2010 and is headquartered in Hallandale Beach, FL.

IndexRUT
Employees266
IPOFeb 09, 2012
Beta5.23
ATR, 14d0.69
Rel volume1.13
Short float29.87%
Insider own2.12%
Inst own72.71%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap2.97B
Enterprise Value5.19B
Income-2.94B
Sales716.04M
Book/sh6.09
Cash/sh2.47
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees266
IPOFeb 09, 2012

Ratios

P/E-
Forward P/E-
PEG-
P/S4.14
P/B1.26
P/C3.10
P/FCF-
EV/EBITDA-
EV/Sales7.24
Quick Ratio2.31
Current Ratio2.31
Debt/Eq1.31
LT Debt/Eq1.16
Option/ShortYes / Yes

Earnings

EPS (ttm)-8.15
EPS next Y-0.89
EPS next Q-0.45
EPS this Y-12.33%
EPS next Y78.65%
EPS next 5Y28.33%
EPS past 3/5Y15.48% -95.80%
Sales past 3/5Y97.50% 190.86%
EPS Y/Y TTM-420.07%
Sales Y/Y TTM-22.10%
EPS Q/Q379.73%
Sales Q/Q-34.93%
EarningsNov 09 AMC
EPS/Sales Surpr.441.32% -10.37%

Ownership

Insider Own2.12%
Insider Trans-3.94%
Inst Own72.71%
Inst Trans7.05%
ROA-39.71%
ROE-78.39%
ROIC-57.81%
Gross Margin-94.38%
Oper. Margin-144.98%
Profit Margin-411.23%
SMA207.65%
SMA50-20.86%
SMA200-28.05%
Trades-

Technical

Shs Outstand386.88M
Shs Float378.12M
Short Float29.87%
Short Ratio2.61
Short Interest112.94M
52W High16.43 -53.38%
52W Low5.69 34.62%
Volatility12.49% 8.93%
ATR (14)0.69
RSI (14)47.89
Beta5.23
Rel Volume1.13
Avg Volume43.33M
Volume48,889,942

Performance

Perf Week11.50%
Perf Month-15.92%
Perf Quarter-16.83%
Perf Half Y-39.92%
Perf YTD-14.70%
Perf Year-47.64%
Perf 3Y-20.29%
Perf 5Y-89.16%
Perf 10Y-79.18%
Recom2.00
Target Price16.08
Prev Close7.34
Price7.66
Change %4.36%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 14, 2026DowngradeJJP MorganOverweight → Underweight$11+43.6%
Sep 11, 2026ResumedHH.C. WainwrightBuy$20+161.1%
Jun 24, 2026InitiatedCCitizensMkt Outperform$24+213.3%
Feb 27, 2026DowngradeHH.C. WainwrightBuy → Neutral
Feb 09, 2026InitiatedMMorgan StanleyUnderweight$8+4.4%
Nov 24, 2025UpgradeCCompass PointNeutral → Buy$30+291.6%
Oct 21, 2025InitiatedGGuggenheimNeutral
Sep 15, 2025ResumedCCompass PointNeutral$18+135.0%
Jul 28, 2025UpgradeJJP MorganNeutral → Overweight$22+187.2%
Jul 25, 2025UpgradeCCompass PointSell → Neutral$18+135.0%

Peers

Mkt cap
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IRENIREN Ltd8.84B
WULFTeraWulf Inc6.70B
HIVEHIVE Digital Technologies Ltd479.99M
IONDIonic Digital Inc3.00B
CIFRCipher Digital Inc3.24B
CORZCore Scientific Inc4.69B

Insider trading

latest 14 of 62
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Thiel Frederick GChief Executive OfficerNov 02 '26Sale6.7927,505186,7594,149,585Nov 03 07:00 PM
Thiel Frederick GOfficerNov 02 '26Proposed Sale6.7927,505186,759Nov 02 10:52 AM
Khan Salman HassanChief Financial OfficerOct 19 '26Sale7.8816,000126,080535,681Oct 21 07:00 PM
Khan Salman HassanOfficerOct 19 '26Proposed Sale7.8816,000126,080Oct 19 09:40 AM
Thiel Frederick GChief Executive OfficerOct 01 '26Sale11.2227,505308,6064,217,586Oct 02 07:00 PM
Thiel Frederick GOfficerOct 01 '26Proposed Sale11.2227,505308,606Oct 01 12:05 PM
Thiel Frederick GChief Executive OfficerSep 17 '26Sale11.4527,505314,9324,308,192Sep 18 07:00 PM
Khan Salman HassanChief Financial OfficerSep 17 '26Sale11.4516,000183,200551,681Sep 18 07:00 PM
Nowaid ZabiGeneral CounselSep 18 '26Sale12.108,376101,350890,404Sep 18 07:00 PM
Nowaid ZabiOfficerSep 18 '26Proposed Sale12.048,376100,869Sep 18 01:23 PM
Thiel Frederick GOfficerSep 17 '26Proposed Sale11.4527,505314,932Sep 17 01:23 PM
Khan Salman HassanOfficerSep 17 '26Proposed Sale11.4516,000183,200Sep 17 10:05 AM
Nowaid ZabiGeneral CounselAug 21 '26Sale12.008,376100,512898,780Aug 21 07:00 PM
Nowaid ZabiOfficerAug 21 '26Proposed Sale11.948,376100,003Aug 21 01:04 PM

Held by

AUM
TickerCompanyAUM
IJRiShares Core S&P Small-Cap ETFAUM: 106.27B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VGTVanguard Information Technology ETFAUM: 138.05B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VXFVanguard Extended Market Index ETFAUM: 30.47B
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
IWNiShares Russell 2000 Value ETFAUM: 14.10B
SPSMState Street SPDR Portfolio S&P 600TM Small Cap ETFAUM: 16.06B
VTWOVanguard Russell 2000 Index ETFAUM: 16.75B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-091.337-0.3921.280164.23183.2410
2026Q22026-08-06-1.6000.167-1.598174.88209.4411
2026Q12026-05-11-3.496-1.510-3.313174.61181.911
2025Q42026-02-26-4.520-1.184-4.516202.31252.1811
2025Q32025-11-040.2680.0250.266252.41251.7112
2025Q22025-07-291.840-0.0741.840238.5227.9210
2025Q12025-05-08-1.550-0.516-1.550213.88216.9412
2024Q42025-02-261.240-0.1341.249214.39187.779
2024Q32024-11-12-0.420-0.338-0.423131.6140.269
2024Q22024-08-01-0.720-0.096-0.717145.1157.869
2024Q12024-05-091.2600.0191.262165.2182.066
2023Q42024-02-280.7400.0380.957156.8148.848
2023Q32023-11-080.379-0.1060.33897.8599.618
2023Q22023-08-08-0.104-0.057-0.12681.7683.446
2023Q12023-05-10-0.050-0.085-0.04551.1348.825
2022Q42023-03-16-3.094-0.154-3.13528.4239.117

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2016FY7.8400.480-16.67236.6337.52
2019FY-0.530--0.5281.19-
2020FY-0.130-0.190-0.1284.364.40
2021FY-0.3600.478-0.373150.46150.81
2022FY-5.833-2.447-6.117117.75136.98
2023FY1.2300.1061.347387.5377.93
2024FY1.7200.0701.736656.38638.04
2025FY-3.693-0.866-3.690907.09959.45
2026FY--4.148--735.76
2027FY--0.886--921.29
2028FY--1.360--729.46
2029FY--1.010--1,105

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-111335193.12165.5233.94
2026Q4S2026-11-101336193.12165.5233.94
2026Q4S2026-11-091321208.54145.09285.12
2026Q4S2026-10-251321208.54145.09285.12
2026Q4S2026-10-241323208.54145.09285.12
2026Q4S2026-10-211324208.54145.09285.12
2026Q4S2026-10-191329208.54145.09285.12
2026Q4S2026-10-011329204.82145.09285.12
2026Q4S2026-09-291329204.8145.09285.12
2026Q4S2026-09-241329204.81145.09285.12
2026Q4S2026-09-191229203.23145.09285.12
2026Q4S2026-09-111239203.23145.09285.12
2026Q4S2026-09-091129204.16145.09285.12
2026Q4S2026-08-281019199.37145.09285.12

Estimate history

EPS, annual-19.2-2.411-0.528-0.128-0.373-6.1171.3471.736-3.693-8.1489
Period201720182019202020212022202320242025TTM
EPS, quarterly-0.4231.249-1.551.840.266-4.516-3.313-1.5981.278
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual0.521.5621.1854.357159.163117.753387.508656.378907.093716.04
Period201720182019202020212022202320242025TTM
Sales, quarterly131.647214.394213.884238.485252.41202.314174.614174.881164.233
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual3.1196.388.45981.975102.733145.566242.829340.258379.465386.875
Period201720182019202020212022202320242025MRQ
Shares, quarterly304.913340.258346.279362.338378.601379.465380.873381.888386.875
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue716.04907.09656.38387.51117.75159.164.361.191.56
Cost of Goods Sold Incl. D&A1,391.861,340.04838.67402.85151.4242.4011.733.965.34
Gross Profit-675.82-432.94-182.29-15.34-33.67116.77-7.37-2.77-3.77
Selling, General and Administrative Excl. Other355.74378.05285.3195.2356.74174.351.591.023.23
Research and Development21.4730.1213.23------
Other Operating Expense6.579.170.000.000.000.000.000.000.00
Operating Income-1,038.13-820.16-467.60-110.57-90.41-57.59-8.96-3.79-7.00
Interest Expense43.3048.3813.0010.3514.981.570.020.052.37
Unusual Expense2,102.16524.10-1,086.63-413.75698.02-44.921.61-0.273.37
Net Income Before Taxes-3,166.17-1,368.27616.50277.60-718.25-14.52-10.45-3.52-12.75
Income Taxes-214.74-56.3875.5016.43-24.2322.580.000.000.07
Consolidated Net Income-2,951.43-1,311.89541.01261.17-694.02-37.10-10.45-3.52-12.81
Net Income From Continuing Operations-2,944.59-1,311.48541.25261.17-694.02-37.10-10.45-3.52-12.81
Net Income-2,944.59-1,311.48541.25259.05-694.02-37.10-10.45-3.52-12.81
EPS (Recurring)-2.98-2.66-0.72-0.16-1.81-0.69-0.11-0.56-1.97
EPS (Basic, Before Extraordinaries)-7.78-3.691.871.41-6.12-0.37-0.13-0.53-2.41
EPS (Diluted)-8.15-3.691.741.35-6.12-0.37-0.13-0.53-2.41
EBITDA-235.24-47.40-40.9768.9411.08-42.68-5.80-2.71-4.93
Non-Operating Income (Expense)17.4224.3810.47-15.2385.16-0.290.150.060.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense108.44136.11124.5425.4919.37123.301.180.931.13
Price To Earnings Ratio--15.53------
Price To Sales Ratio7.853.527.9711.663.3020.51195.054.964.93
Gross Margin-94.38-47.73-27.77-3.96-28.5973.36-169.22-233.91-241.54
Operating Margin-144.98-90.42-71.24-28.53-76.78-36.18-205.67-319.88-448.27
Net Margin-411.23-144.5882.4666.85-589.39-23.31-239.77-296.74-820.18
Shares Outstanding386.88379.46340.26242.83145.57102.7381.978.466.38
Market Capitalization2,835.432,835.435,691.445,229.46399.603,372.45664.335.629.24

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue164.23174.88174.61202.31252.41238.49213.88214.39
Cost of Goods Sold Incl. D&A291.97319.48336.97443.45312.37294.86289.36267.45
Gross Profit-127.73-144.59-162.35-241.14-59.96-56.38-75.47-53.05
Selling, General and Administrative Excl. Other76.37106.4384.0988.8692.54101.4995.1682.03
Research and Development2.507.178.253.568.728.559.304.11
Other Operating Expense1.331.522.431.282.352.443.100.00
Operating Income-205.43-252.54-248.87-331.28-154.85-160.31-173.73-135.08
Interest Expense13.476.2610.7212.8512.7612.849.948.03
Unusual Expense-845.46361.981,045.981,539.66-311.30-1,186.63483.40-789.03
Net Income Before Taxes631.07-610.74-1,293.33-1,893.17160.811,016.71-652.62646.54
Income Taxes-1.000.58-30.93-183.3937.68208.50-119.17118.26
Consolidated Net Income632.07-611.32-1,262.40-1,709.79123.13808.21-533.44528.28
Net Income From Continuing Operations634.36-609.68-1,259.62-1,709.64123.13808.24-533.20528.53
Net Income634.36-609.68-1,259.62-1,709.64123.13808.24-533.20528.53
EPS (Recurring)0.08-0.94-1.39-1.67-0.20-0.04-0.57-0.07
EPS (Basic, Before Extraordinaries)1.64-1.60-3.31-4.520.332.29-1.551.36
EPS (Diluted)1.28-1.60-3.31-4.520.271.84-1.551.25
EBITDA-54.58-77.88-57.31-45.4612.461.43-15.831.95
Non-Operating Income (Expense)4.5110.0512.24-9.3917.123.2214.460.63
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense22.4737.0425.1823.7530.3943.1838.8042.71
Price To Earnings Ratio---4.9716.36-8.3815.53
Price To Sales Ratio7.856.593.573.759.348.665.6110.73
Gross Margin-77.78-82.68-92.98-119.19-23.75-23.64-35.29-24.75
Operating Margin-125.09-144.41-142.53-163.75-61.35-67.22-81.23-63.01
Net Margin386.25-348.63-721.37-845.0448.78338.90-249.29246.52
Shares Outstanding386.88381.89380.87379.46378.60362.34346.28340.26
Market Capitalization2,835.435,295.853,102.723,396.096,764.565,518.233,976.905,691.44

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments561.52408.10996.97234.35587.70143.590.692.5514.95
Short Term Receivables18.546.342.090.0226.9374.770.000.000.01
Inventories0.000.000.000.000.000.000.000.000.00
Other Current Assets84.2055.9330.7443.1869.6168.050.800.460.09
Total Current Assets664.27470.371,029.80277.55684.24286.411.493.0215.05
Net Property, Plant & Equipment1,522.961,566.37672.22274.30276.2417.424.051.030.01
Total Investments and Advances162.793,342.89166.08146.783.000.000.000.000.00
Long-Term Note Receivable1,336.87960.06-------
Intangible Assets3,370.2385.470.000.000.931.001.071.140.00
Deferred Tax Assets137.93177.22-------
Other Assets229.78376.17122.87496.62479.928.410.000.000.00
Total Assets7,424.836,978.541,990.971,195.241,444.33313.256.625.1915.06
Short Term Debt Incl. Current Port. of LT Debt399.740.410.120.330.000.120.091.001.76
Accounts Payable12.5512.5611.341.317.771.001.241.241.96
Other Current Liabilities109.5982.2322.2924.483.480.320.530.043.94
Total Current Liabilities521.8895.2033.7626.1111.251.441.852.277.67
Long Term Debt3,245.612,473.26326.01783.19728.410.061.120.000.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities167.79265.7315.29-22.57----
Other Liabilities12.468.410.000.000.000.000.000.000.00
Total Liabilities3,947.742,842.60375.05809.30762.231.512.972.277.67
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.001E-06
Common Equity3,471.724,129.031,615.92385.94682.10311.743.652.927.39
Total Shareholders Equity3,471.724,129.031,615.92385.94682.10311.743.652.927.39
Accumulated Minority Interest5.376.910.000.000.000.000.000.000.00
Total Equity3,477.094,135.941,615.92385.94682.10311.743.652.927.39
Total Liabilities & Stockholders Equity7,424.836,978.541,990.971,195.241,444.33313.256.625.1915.06
Book Value Per Share9.1512.136.652.656.643.800.430.462.37
Tangible Book Value Per Share0.2711.886.652.656.633.790.300.282.37
Full-Time Employees266152603093333
Price to Book Ratio1.211.794.840.644.942.752.043.16-3.53
Return on Assets-18.2112.0716.39-52.59-4.22-6.53-59.54-126.54-187.93
Return on Equity-34.5118.8426.09-129.96-7.47-6.63-107.09-248.60-
Return on Invested Capital-19.528.2013.45-59.36-2.63-3.35-73.78-438.72-424.11
Quick Ratio1.274.9430.5110.6360.82198.380.811.331.96
Current Ratio1.274.9430.5110.6360.82198.380.811.331.96

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income-2,951.43-1,311.89541.01261.17-694.02-37.10-10.45-3.52-12.81
Depreciation802.89772.77426.62179.51101.4914.903.161.082.07
Other Funds (Non Cash)2,213.98673.59-919.24-359.42617.59116.933.340.817.25
Funds from Operations-154.2275.82121.6196.560.09117.31-3.95-1.63-3.50
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital184.1818.90-173.89-26.25-59.9914.240.53-0.50-3.25
Cash from Operating Activities29.9694.72-52.2870.31-59.90131.55-3.42-2.13-6.74
Capital Expenditures-351.64-407.07-253.46-27.61-41.11-273.85-17.74-0.01-5.50
Net Assets From Acquisitions-61.11-36.37-335.630.000.000.000.000.00-
Sale of Fixed Assets and Businesses27.464.2110.660.00178.370.000.000.00-
Purchase or Sale of Investments-404.22-510.74-1,826.18193.15-43.65-153.002.101.221.34
Purchase of Investments-221.82-510.74-1,978.47-71.80-44.50-153.000.000.000.00
Sale Or Maturity of Investments-182.400.00152.29264.940.850.002.101.221.34
Other Uses-66.20-153.24-817.30-160.94-483.84-465.06-65.650.000.00
Other Sources2,352.59433.850.000.000.000.780.000.000.00
Cash from Investing Activities1,496.88-669.36-3,221.914.59-390.23-891.14-81.291.21-4.16
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock10.36521.641,816.76606.24361.49313.64229.630.250.00
Repurchase of Common Pref Stock-32.56-46.92-34.86-15.750.000.000.000.000.00
Sale of Common Pref Stock42.92568.561,851.62621.99361.49313.64229.630.250.00
Proceedsfrom Stock Options0.000.001,851.62621.99361.49312.20229.160.250.00
Issuance or Reduction of Debt, Net-513.731,145.582,131.17-50.0049.25728.410.060.000.00
Change in Long Term Debt-513.731,145.582,131.17-50.0049.25728.410.060.000.00
Issuance of Long Term Debt749.211,164.022,378.680.00169.25728.410.060.000.00
Reduction of Long Term Debt-1,262.95-18.45-247.51-50.00-120.000.000.000.000.00
Net Financing Active Other Cash Flow0.00-39.77-2.55-0.38-0.08-4.710.000.000.00
Other Financing Activities Uses0.00-39.77-2.55-0.38-0.08-4.710.000.000.00
Cash from Financing Activities-503.371,627.453,945.39555.86410.651,037.33229.690.250.00
Exchange Rate Effect-------0.000.00
Net Change in Cash1,017.601,052.81671.20630.77-39.48277.74144.99-0.67-10.90
Free Cash Flow-320.89-312.35-303.1142.70-101.01-142.30-21.16-2.14-11.99
Preferred Dividends (Cash Flow)-0.000.00-0.000.000.000.000.00
Price to Free Cash Flow---105.79-----
Deferred Taxes & Investment Tax Credit--58.6573.2215.29-24.9722.570.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments958.54435.36527.56561.52842.10123.73
Short Term Receivables29.4727.4925.6418.5433.1231.03
Inventories0.000.000.000.000.000.00
Other Current Assets84.7064.3557.9184.2086.7081.69
Total Current Assets1,072.72527.19611.11664.27961.92236.46
Net Property, Plant & Equipment1,168.321,249.801,440.351,522.961,587.051,667.05
Total Investments and Advances149.91136.03138.84162.794,215.423,856.18
Intangible Assets1,360.32130.23133.613,370.2383.5584.93
Deferred Tax Assets---137.93--
Other Assets322.041,764.761,944.84229.78331.61230.35
Total Assets5,676.524,348.894,949.277,424.839,153.387,721.44
Short Term Debt Incl. Current Port. of LT Debt340.20488.91200.70399.74351.49351.23
Accounts Payable14.7910.497.8412.5511.439.84
Other Current Liabilities109.0892.42122.92109.5996.4579.96
Total Current Liabilities464.07591.83331.47521.88459.37441.02
Long Term Debt2,739.621,977.052,263.263,245.613,290.982,294.09
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities5.897.728.62167.79215.76178.08
Other Liabilities16.4012.8912.6812.4612.2512.04
Total Liabilities3,225.982,589.492,616.033,947.743,978.362,925.23
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity2,354.311,660.562,231.973,471.725,158.344,791.65
Total Shareholders Equity2,354.311,660.562,231.973,471.725,158.344,791.65
Accumulated Minority Interest96.2398.85101.275.3716.684.56
Total Equity2,450.541,759.402,333.243,477.095,175.014,796.21
Total Liabilities & Stockholders Equity5,676.524,348.894,949.277,424.839,153.387,721.44
Book Value Per Share6.094.355.869.1513.6213.22
Tangible Book Value Per Share2.574.015.510.2713.4012.99
Full-Time Employees---266--
Price to Book Ratio1.212.370.890.661.381.46
Return on Assets-39.71-57.26-35.77-18.2114.5612.53
Return on Equity-78.39-107.12-68.42-34.5123.1318.26
Return on Invested Capital12.45-16.76-28.02-25.451.4611.41
Quick Ratio2.310.891.841.272.090.54
Current Ratio2.310.891.841.272.090.54

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income632.07-611.32-1,262.40-1,709.79123.13808.21
Depreciation150.85174.66191.56285.82167.31161.74
Other Funds (Non Cash)-793.98386.811,057.481,563.66-283.35-1,129.12
Funds from Operations-12.51-50.74-44.75-46.2144.7742.52
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-158.98-173.02-202.74718.92-243.82-205.97
Cash from Operating Activities-171.49-223.77-247.49672.70-199.05-163.44
Capital Expenditures-92.35-14.77-80.06-164.47-84.83-118.92
Net Assets From Acquisitions0.00135.66-196.770.000.00-0.03
Sale of Fixed Assets and Businesses13.081.2812.540.56-0.020.20
Purchase or Sale of Investments-25.39-2.272.36-378.91-93.682.53
Purchase of Investments-25.310.000.00-196.51-261.83-3.04
Sale Or Maturity of Investments-0.08-2.272.36-182.40168.155.58
Other Uses-120.97-6.88-0.6362.28-107.12-10.96
Other Sources291.58162.381,464.78433.850.000.00
Cash from Investing Activities65.95275.401,202.22-46.70-285.65-127.16
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock32.52-7.68-7.46-7.03244.86204.03
Repurchase of Common Pref Stock-13.73-7.68-7.46-3.70-7.69-15.17
Sale of Common Pref Stock46.250.000.00-3.33252.55219.20
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net600.00-0.17-1,112.77-0.79996.53-0.17
Change in Long Term Debt600.00-0.17-1,112.77-0.79996.53-0.17
Issuance of Long Term Debt600.000.00150.00-0.791,014.810.00
Reduction of Long Term Debt0.00-0.17-1,262.770.00-18.28-0.17
Net Financing Active Other Cash Flow0.000.000.000.00-39.770.00
Other Financing Activities Uses0.000.000.000.00-39.770.00
Cash from Financing Activities632.52-7.85-1,120.23-7.821,201.62203.87
Exchange Rate Effect-1.72-0.50-3.64---
Net Change in Cash525.2743.28-169.14618.19716.92-86.74
Free Cash Flow-263.56-238.55-327.01508.23-283.88-282.36

Revenue breakdown

Hosting Services2024: 31.64M 2025: 4.67M
Operator, Transaction Fees2024: 32.88M 2025: 9.21M
Participant2024: 32.00M 2025: 44.83M
United States2024: 96.52M 2025: 58.70M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3029.87%112.9M378.1M42.71M
2026-10-1529.60%111.9M378.1M45.79M
2026-09-3026.67%100.8M377.8M47.43M
2026-09-1527.68%104.6M377.8M47.50M
2026-08-3129.15%110.1M377.8M46.42M
2026-08-1429.20%110.3M377.8M43.50M
2026-07-3128.18%106.4M377.7M44.95M
2026-07-1529.60%110.3M372.6M43.68M
2026-06-3028.70%106.9M372.6M43.47M
2026-06-1527.54%102.6M372.4M43.95M
2026-05-2926.49%98.6M372.3M45.91M
2026-05-1526.68%99.3M372.3M47.00M
2026-04-3026.98%100.1M371.2M48.96M
2026-04-1528.22%104.7M371.0M48.23M
2026-03-3130.54%113.2M370.6M47.71M
2026-03-1330.86%114.4M370.6M45.24M
2026-02-2730.86%114.4M370.6M43.46M
2026-02-1330.11%111.0M368.6M43.98M
2026-01-3030.74%114.4M372.0M41.91M
2026-01-1528.29%105.2M371.9M41.71M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call1.006.606.706.8718.97710216.000.996-0.0200.000
call2.005.605.705.8012.44717.0010.000.994-0.0200.000
call3.004.604.704.678.92814.007.000.992-0.0200.000
call4.003.603.703.556.49215.005.000.989-0.0190.000
call4.503.103.202.595.49516.000.000.987-0.0190.000
call5.002.632.702.653.97414819.000.984-0.0180.000
call5.502.132.202.403.2321,16035.000.980-0.0180.000
call6.001.641.701.662.53844,4591060.975-0.0170.000
call6.501.141.211.151.97946,7022700.945-0.0260.001
call7.000.690.750.731.58811,5954,4480.842-0.0480.001
call7.500.340.350.341.2689,1408,2340.613-0.0710.002
call8.000.130.140.141.25115,02818,7460.327-0.0660.002
call8.500.030.040.031.2295,0429,4940.125-0.0380.001
call9.000.010.020.021.42919,22210,2660.062-0.0260.001
call9.500.000.010.011.5803,0826580.031-0.0160.000
call10.000.000.010.011.8832,6865490.027-0.0170.000
call10.500.000.010.012.1621,8062.000.024-0.0180.000
call11.000.000.010.012.4231,88712.000.022-0.0190.000
call11.500.000.010.012.6671,54718.000.020-0.0190.000
call12.000.000.010.012.8972,4784.000.019-0.0200.000
call12.500.000.010.013.1153420.000.018-0.0200.000
call13.000.000.010.013.3212590.000.017-0.0200.000
call13.500.000.010.013.51667.003.000.016-0.0210.000
call14.000.000.010.013.7041410.000.015-0.0210.000
call14.500.000.010.013.8827931.000.015-0.0210.000
call15.000.000.010.014.04980.000.000.014-0.0220.000
call15.500.000.010.014.2131120.000.014-0.0220.000
call16.000.000.010.024.3714160.000.013-0.0220.000
call16.500.000.010.014.5231050.000.013-0.0220.000
call17.000.000.010.014.66966.000.000.013-0.0220.000
call18.000.000.010.014.9461170.000.012-0.0230.000
call19.000.000.010.025.20580.000.000.011-0.0230.000
call20.000.000.010.025.4491060.000.011-0.0230.000
call21.000.000.010.015.6786.000.000.011-0.0240.000
put1.000.000.010.0012.7950.000.00-0.004-0.0200.000
put2.000.000.010.018.4652.000.00-0.006-0.0200.000
put3.000.000.010.016.02714911.00-0.008-0.0200.000
put4.000.000.010.014.3081,0580.00-0.011-0.0190.000
put4.500.000.010.013.5995681.00-0.013-0.0180.000
put5.000.000.010.012.9601,83714.00-0.016-0.0180.000
put5.500.000.010.012.3739,77196.00-0.020-0.0170.000
put6.000.000.010.011.8278,060626-0.025-0.0160.000
put6.500.010.020.011.50411,2112,848-0.055-0.0250.001
put7.000.050.060.061.3137,3023,428-0.158-0.0470.001
put7.500.190.200.201.2275,3396,107-0.387-0.0700.002
put8.000.470.480.481.2091,6692,432-0.673-0.0660.002
put8.500.840.910.911.479879690-0.875-0.0370.001
put9.001.321.391.381.7971,355510-0.938-0.0250.001
put9.501.811.881.662.09978120.00-0.969-0.0150.000
put10.002.312.382.332.46278320.00-0.973-0.0160.000
put10.502.812.882.632.7962416.00-0.976-0.0170.000
put11.003.303.403.333.37466010.00-0.978-0.0170.000
put11.503.803.904.123.6783.000.00-0.980-0.0180.000
put12.004.304.405.853.96281.000.00-0.981-0.0180.000
put12.504.804.906.404.2308.000.00-0.982-0.0190.000
put13.005.305.405.274.48329.001.00-0.983-0.0190.000
put13.505.805.906.804.7230.000.00-0.984-0.0190.000
put14.006.306.406.754.95112.000.00-0.985-0.0190.000
put14.506.806.907.875.1681.000.00-0.985-0.0200.000
put15.007.307.408.905.3760.000.00-0.986-0.0200.000
put15.507.807.908.375.5755.000.00-0.986-0.0200.000
put16.008.308.408.875.7661.000.00-0.987-0.0200.000
put16.508.808.909.365.9491.000.00-0.987-0.0200.000
put17.009.309.409.866.1261.000.00-0.987-0.0210.000
put18.0010.3010.400.006.4600.000.00-0.988-0.0210.000
put19.0011.3011.400.006.7720.000.00-0.989-0.0210.000
put20.0012.3012.4012.737.0640.000.00-0.989-0.0210.000
put21.0013.3013.4012.857.3400.000.00-0.989-0.0210.000

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-098-KCurrent report2026-11-09SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-10-214Statement of changes in beneficial ownership of securities2026-10-19SEC
2026-10-19144Filing for proposed sale of securities under Rule 144.SEC
2026-10-074Statement of changes in beneficial ownership of securities2026-10-05SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-01144Filing for proposed sale of securities under Rule 144.SEC
2026-09-258-KCurrent report2026-09-21SEC
2026-09-18144Filing for proposed sale of securities under Rule 144.SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-17SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-18SEC
2026-09-184Statement of changes in beneficial ownership of securities2026-09-17SEC
2026-09-17144Filing for proposed sale of securities under Rule 144.SEC
2026-09-17144Filing for proposed sale of securities under Rule 144.SEC
2026-08-21144Filing for proposed sale of securities under Rule 144.SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-17144Filing for proposed sale of securities under Rule 144.SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-1100186.76K1
2026-1000434.69K2
2026-0900599.48K3
2026-0800501.19K3
2026-0700574.72K3
2026-0600831.70K4
2026-0500621.06K3
2026-04001.01M3
2026-0300399.38K2
2026-0200333.25K2
2026-0100297.05K1
2025-1200694.95K2
2025-11001.24M5

Institutional holders

Manager% owned
BlackRock, Inc.16.81%
VANGUARD PORTFOLIO MANAGEMENT LLC7.19%
VANGUARD CAPITAL MANAGEMENT LLC4.34%
STATE STREET CORP4.17%
GEODE CAPITAL MANAGEMENT, LLC2.84%
UBS Group AG2.82%
D. E. Shaw & Co., Inc.2.72%
Marex Group Ltd2.09%
MORGAN STANLEY1.77%
BANK OF AMERICA CORP /DE/1.60%

Funds

Fund% owned
iShares Core S&P Small-Cap ETF6.02%
iShares Convertible Bond ETF5.65%
Columbia Convertible Securities Fund4.92%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.01%
iShares Russell 2000 ETF2.61%
State Street(R) SPDR(R) Bloomberg Convertible Securities ETF2.36%
VANGUARD SMALL-CAP INDEX FUND2.18%
VANGUARD INFORMATION TECHNOLOGY INDEX FUND2.05%
Fidelity Convertible Securities Fund1.70%
VANGUARD EXTENDED MARKET INDEX FUND1.15%

OakChart. MARA. Cached 15 minutes.