stockrowMarathon 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
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Marathon Digital Holdings, Inc. (MARA) Free cash flow
Marathon Digital Holdings, Inc.'s free cash flow for fiscal 2025 was −$1.2B, compared with −$927.0M in fiscal 2024. Over the twelve months to 30 June 2026 it was −$1.3B. Over the past ten years it has ranged from −$1.2B (fiscal 2025) to $6.5M (fiscal 2016) — the current reading is the lowest in ten years. Free cash flow has fallen for 3 consecutive fiscal years. Marathon Digital Holdings, Inc. ranks 87th of 92 Capital Markets companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | −$1.2B | — |
| FY2024 | −$927.0M | — |
| FY2023 | −$343.3M | — |
| FY2022 | −$39.2M | — |
| FY2021 | −$292.8M | — |
| FY2020 | −$25.5M | — |
| FY2019 | −$3.3M | — |
| FY2018 | −$13.7M | — |
| FY2017 | −$10.8M | — |
| FY2016 | $6.5M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | −$40.6M | — |
| Mar 2026 | −$523.7M | — |
| Dec 2025 | −$389.2M | — |
| Sep 2025 | −$283.9M | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| LAZ Lazard, Inc. compare | $688.5M |
| PJT PJT Partners Inc. compare | $661.8M |
| ETOR eToro Group Ltd. compare | $302.9M |
| MIAX Miami International Holdings, Inc. compare | $209.5M |
| PURR Hyperliquid Strategies Inc compare | −$18.5M |
| IOND Ionic Digital Inc. compare | −$106.5M |
| CLSK Cleanspark, Inc. compare | −$124.1M |
| MARA Marathon Digital Holdings, Inc. | −$1.3B |
| LCLN Lincoln International Inc. compare | — |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on MARA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement