MARA Holdings, Inc.

NASDAQ•MARA

CEO: Mr. Frederick G. Thiel

セクター: Financial Services

業種: Financial - Capital Markets

上場日: 2012-05-04

MARA Holdings, Inc. operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.

連絡先情報

101 NE Third Avenue, Suite 1200, Fort Lauderdale, FL, 33301, United States

800-804-1690

www.mara.com

時価総額

$3.25B

PER (TTM)

-2.3

41.7

配当利回り

52週高値

$23.45

52週安値

$6.66

52週レンジ

11%

順位60Top 89.2%

2.1

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

弱い • 2.1 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$202.31M+0.00%

直近4四半期の推移

EPS

-$4.81+0.00%

直近4四半期の推移

フリーCF

$508.23M+0.00%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Revenue Growth Strong Revenues reached $907.1M in 2025, increasing $250.7M, driven by Bitcoin mining revenue surge.

Hashrate Capacity Expansion Energized hashrate grew to 66.4 EH/s by year-end 2025, up from 53.2 EH/s in 2024.

Bitcoin Price Realization Average price of mined BTC hit $101,221 in 2025, a $34,972 increase over prior year.

Digital Asset Strategy Activation Activated 28% of 53,822 total bitcoin holdings via lending/trading, generating $32.1M interest income.

リスク要因

Profitability Swings Heavily Reported net loss attributable to common stockholders of $(1.31B) in 2025, reversing prior $541.3M income.

Operating Cost Escalation Total costs and operating expenses soared to $2.13B in 2025, up from $350.3M in 2024.

Goodwill Impairment Taken Recognized $82.8M goodwill impairment in 2025 due to sustained decline in bitcoin price and market cap.

Liquidity Constraints Risk Need for additional capital noted; significant bitcoin holdings subject to market volatility and potential margin calls.

見通し

AI/HPC Platform Expansion Strategic agreement with Starwood targets joint development of AI/HPC infrastructure with potential >2.5 GW capacity.

Asset Monetization Shift Strategy shifted in H2 2025 to sell mined bitcoin to fund operations and capital projects in 2026.

Energy Cost Management Acquired Texas wind farm for 240 MW interconnection to secure low-cost, behind-the-meter energy sources.

Future Capital Access Expect to fund growth via periodic equity issuances using existing ATM facilities, subject to market conditions.

同業比較

売上高 (TTM)

ZION

$4.94B

-0.8%

BPOP

$4.33B

+3.3%

WTFC

$4.23B

+6.7%

粗利益率 (最新四半期)

PIPR

95.2%

+0.2pp

PFSI

90.5%

+2.6pp

PRI

80.8%

-1.0pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
XP	$10.52B	10.5	22.5%	21.5%
WTFC	$9.06B	10.9	11.7%	6.3%
BPOP	$8.59B	10.2	13.8%	2.1%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

-1.8%

横ばい

4四半期純利益CAGR

N/M

収益構造の変化

キャッシュフロー安定性

25%

キャッシュフローに注意が必要

深度リサーチ

次回決算:2026年5月6日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし