For the year ending 2025-12-31, MARA has $7,286,899K in assets. $547,132K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 547,132 | 391,771 | 357,313 | 103,705 |
| Restricted cash | 12,000 | 12,000 | 0 | 8,800 |
| Digital assets | - | - | 639,660 | 121,842 |
| Digital assets, current portion | 2,391 | 4,327 | - | - |
| Other receivables | 18,540 | 6,345 | 2,091 | 18 |
| Deposits | 19,537 | 18,778 | 7,240 | 2,350 |
| Derivative instrument, current portion | 20,340 | 1,542 | - | - |
| Prepaid expenses and other current assets | 44,328 | 35,610 | 23,499 | 40,833 |
| Total current assets | 664,268 | 470,373 | 1,029,803 | 277,548 |
| Digital assets, net of current portion | 3,369,245 | 3,223,989 | - | - |
| Digital assets - receivable, net | 1,336,868 | 960,057 | - | - |
| Gross property, equipment | - | - | - | 289,648 |
| Less accumulated depreciation | - | - | - | 16,622 |
| Property and equipment, net | 1,490,635 | 1,549,491 | 671,772 | 273,026 |
| Advances to vendors | 7,651 | 121,298 | 95,589 | 488,299 |
| Investments | 133,814 | 111,493 | 106,292 | 37,000 |
| Long-term deposits | 219,098 | 240,651 | 59,790 | 40,903 |
| Long-term prepaids | 3,029 | 14,221 | 27,284 | 8,317 |
| Operating lease right-of-use assets | 32,324 | 16,874 | 443 | 1,276 |
| Derivative instrument, net of current portion | 28,979 | 7,405 | - | - |
| Goodwill | 0 | 82,751 | - | - |
| Digital assets, restricted | - | - | 0 | 68,875 |
| Intangible assets, net | 988 | 2,714 | - | - |
| Total long-term assets | 6,622,631 | - | 961,170 | 917,696 |
| Total assets | 7,286,899 | 6,801,317 | 1,990,973 | 1,195,244 |
| Accounts payable | 12,546 | 12,556 | 11,343 | 1,311 |
| Accrued expenses | 86,985 | 76,887 | 22,015 | 22,294 |
| Notes payable, current portion | 47,845 | - | - | - |
| Legal reserve payable | - | - | 0 | 1,171 |
| Line of credit, current portion | 350,000 | - | - | - |
| Operating lease liabilities, current portion | 1,722 | 239 | 124 | 326 |
| Finance lease liability, current portion | 173 | 168 | - | - |
| Accrued interest | - | - | 276 | 1,011 |
| Other current liabilities | 22,604 | 5,347 | - | - |
| Total current liabilities | 521,875 | 95,197 | 33,758 | 26,113 |
| Notes payable, net of current portion | 3,202,082 | 2,246,578 | 325,654 | 732,289 |
| Term loan | - | - | 0 | 49,882 |
| Line of credit | - | 200,000 | - | - |
| Line of credit, net of current portion | 0 | - | - | - |
| Operating lease liabilities, net of current portion | 39,714 | 22,977 | 354 | 1,017 |
| Finance lease liability, net of current portion | 3,817 | 3,709 | - | - |
| Deferred tax liabilities | 29,857 | 88,503 | 15,286 | - |
| Other long-term liabilities | 12,464 | 8,411 | - | - |
| Total long-term liabilities | 3,287,934 | 2,570,178 | 341,294 | 783,188 |
| Common stock, par value 0.0001 per share, 800,000,000 shares authorized 379,464,892 shares and 340,258,453 shares issued and outstanding at december 31, 2025 and december 31, 2024, respectively | 37 | 34 | 24 | 15 |
| Additional paid-in capital | 4,809,550 | 4,155,386 | 2,183,537 | 1,226,267 |
| Accumulated deficit | -1,337,867 | -26,387 | -567,640 | -840,339 |
| Total stockholders equity attributable to mara | 3,471,720 | 4,129,033 | 1,615,921 | 385,943 |
| Noncontrolling interest | 5,370 | 6,909 | - | - |
| Total equity | 3,477,090 | 4,135,942 | - | - |
| Total liabilities and equity | 7,286,899 | 6,801,317 | 1,990,973 | 1,195,244 |
MARA Holdings, Inc. (MARA)
MARA Holdings, Inc. (MARA)