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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

5.96 0.08 +1.36%
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) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Marathon Digital Holdings, Inc. (MARA) trades at a P/S ratio of 2.9×. Over the past ten years it has ranged from 0.1× (June 2017) to 895× (February 2021); the current reading is higher than 19% of that period. That is above the Capital Markets industry median of 2.1× and above the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 3.5× (52.54%)
FY2024 7.4× (31.90%)
FY2023 10.9× 232.06%
FY2022 3.3× (84.02%)
FY2021 20.5× (89.49%)
FY2020 195× 3,842.61%
FY2019 4.9× 0.28%
FY2018 4.9× (90.90%)
FY2017 54.2× 7,213.17%
FY2016 0.7× (38.10%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 6.6× 84.36%
Mar 2026 3.6× 1.66%
Dec 2025 3.5× (52.43%)
Sep 2025 7.4× 6.65%
42 more quarters

Against its own ten years

Low 0.1× High 895×
Ten-year median 7.8×
Current reading's percentile 15

P/S ratio against peers

Company P/S ratio
LCLN Lincoln International Inc. compare n/m
ETOR eToro Group Ltd. compare 0.2×
LAZ Lazard, Inc. compare 1.2×
PJT PJT Partners Inc. compare 2.2×
MIAX Miami International Holdings, Inc. compare 2.3×
CLSK Cleanspark, Inc. compare 2.3×
MARA Marathon Digital Holdings, Inc. 2.9×
IOND Ionic Digital Inc. compare 11.5×
PURR Hyperliquid Strategies Inc compare 262×
Capital Markets industry median 2.1×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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