Marathon Digital (MARA)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from MARA's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Marathon Digital's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $159M | $118M | $388M | $656M | $907M |
| Net income | -$30M | -$694M | $261M | $541M | -$1.3B |
| Free cash flow | -$293M | -$218M | -$343M | -$928M | -$1.2B |
| EPS (diluted) | -$0.30 | -$6.12 | $1.06 | $1.72 | -$3.69 |
| Operating margin | -1.9% | -572.0% | 57.0% | 46.6% | -135.0% |
Where the revenue comes from
Revenue by products, fiscal 2025. Every breakdown, year by year.
Superinvestors who own MARA
From each investor's latest 13F filing (what a 13F shows).
Insider buying
Open-market purchases by Marathon Digital's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Marathon Digital insiders buying the stock?
No open-market insider purchases of MARA in the last 12 months, according to SEC Form 4 filings.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.