MARA Holdings, Inc. (MARA)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Revenues | 238,485 | 213,884 | 131,647 | 145,139 |
| Change in fair value of derivative instrument | 20,311 | 26,828 | -58,234 | 38,251 |
| Research and development | 8,546 | 9,298 | 2,813 | 3,845 |
| General and administrative | 92,948 | 85,865 | 63,725 | 57,118 |
| Early termination expenses | - | - | -10,304 | -5,660 |
| Depreciation and amortization | 161,741 | 157,897 | 101,136 | 87,808 |
| Impairment of assets | 26,253 | - | - | - |
| Third-party hosting and other energy costs | 69,029 | 68,183 | - | - |
| Taxes other than on income | 2,437 | 3,095 | - | - |
| Change in fair value of digital assets | 846,027 | -394,162 | - | - |
| Purchased energy costs | 41,730 | 43,481 | - | - |
| Operating and maintenance costs | 22,362 | 19,794 | - | - |
| Total costs and operating expenses (income) | -441,292 | 754,947 | - | - |
| Mining and hosting services | - | - | 97,527 | 93,887 |
| Total cost of revenues | - | - | 198,663 | 181,695 |
| Amortization of intangible assets | - | - | 219 | 19,470 |
| Change in fair value of digital assets | - | - | 30,088 | -147,999 |
| Total operating expenses | - | - | 105,207 | 195,841 |
| Operating income (loss) | 679,777 | -541,063 | -172,223 | -232,397 |
| Other | -5,509 | 2,474 | -146 | 213 |
| Interest income | 9,631 | 11,995 | 3,894 | 2,188 |
| Interest expense | 12,835 | 9,941 | 2,342 | 1,369 |
| Equity in net earnings of unconsolidated affiliate | -902 | -13 | -2,133 | 49 |
| Change in fair value of digital assets - receivable, net | 346,547 | -116,067 | - | - |
| Total other income | 336,932 | -111,552 | - | - |
| Loss on hedge instruments | - | - | - | - |
| Gain (loss) on investments | - | - | -1,000 | - |
| Net gain from extinguishment of debt | - | - | - | - |
| Income (loss) before income taxes | 1,016,709 | -652,615 | -173,950 | -231,316 |
| Income tax benefit (expense) | 208,504 | -119,172 | -49,161 | -31,657 |
| Net income (loss) | 808,205 | -533,443 | - | - |
| Less net loss attributable to noncontrolling interest | -30 | -244 | - | - |
| Net income (loss) | - | - | -124,789 | -199,659 |
| Series a preferred stock accretion to redemption value | - | - | - | - |
| Net income (loss) attributable to common stockholders | 808,235 | -533,199 | -124,789 | -199,659 |
| Net income (loss) per share of common stock - basic (in dollars per share) | 2.29 | -1.55 | -0.42 | -0.72 |
| Net income (loss) per share of common stock - diluted (in dollars per share) | 1.84 | -1.55 | -0.42 | -0.72 |
| Weighted average shares of common stock - basic (in shares) | 352,901,683 | 344,098,009 | 294,942,685 | 278,674,506 |
| Weighted average shares of common stock - diluted (in shares) | 440,912,159 | 344,098,009 | 294,942,685 | 278,674,506 |