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Friday 6 November 2026 Export MARA’s income statement to Excel — free account

Marathon Digital Holdings, Inc.

MARA Financial Capital Markets

Marathon Digital Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $907.1 million, up 38.2% from fiscal 2024.

Revenue
−26.7%
EPS
−169.9%
Free cash flow
+85.6%
Total debt
−19.9%

Quarter to June 2026, against a year earlier

6.04 0.16 +2.72%
Market cap
$2.3B
P/E
0.0×
Fwd P/E
−1.3×
Dividend yield
—
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Marathon Digital Holdings, Inc. (MARA) Debt to equity

Alert me on Debt to equity

Marathon Digital Holdings, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 1.2×, up 0.2× from fiscal 2025 (1.0×). Over the past ten years it has ranged from −1.9× (fiscal 2016) to 2.0× (fiscal 2022); the current reading is higher than 82% of that period. That is above the Capital Markets industry median of 0.1× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.0× 72.64%
FY2024 0.6× 194.00%
FY2023 0.2× (90.06%)
FY2022 2.0× 89.52%
FY2021 1.1× 534,600.00%
FY2020 0.0× (99.93%)
FY2019 0.3× (20.01%)
FY2018 0.3× 26.49%
FY2017 0.3× —
FY2016 −1.9× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.2× 17.91%
Mar 2026 1.1× 3.17%
Dec 2025 1.0× 46.96%
Sep 2025 0.7× 28.16%
42 more quarters

Against its own ten years

Low −1.9× High 2.0×
Ten-year median 0.3×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
IOND Ionic Digital Inc. compare 0.0×
PURR Hyperliquid Strategies Inc compare 0.0×
PJT PJT Partners Inc. compare 0.0×
MIAX Miami International Holdings, Inc. compare 0.0×
ETOR eToro Group Ltd. compare 0.0×
LCLN Lincoln International Inc. compare 0.8×
MARA Marathon Digital Holdings, Inc. 1.2×
LAZ Lazard, Inc. compare 1.8×
CLSK Cleanspark, Inc. compare 2.3×
Capital Markets industry median 0.1×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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