# MARA Holdings Inc. (MARA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $11.31, market value $4.4 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). MARA Holdings Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 19.8×**. Each dollar of revenue is priced at 19.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -28.4%** (5-yr avg -25.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -37.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -35.7%**. Return on all capital, debt included, is -35.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -47.5%**. Each dollar of assets produces -47.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -39.2%** (3-yr 81.1%/yr, 5-yr 68.2%/yr). Revenue fell 39.2% over the last year, against 68.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -314.5%**. Earnings per share fell 314.5%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $547 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. MARA Holdings Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover MARA Holdings Inc.; the consensus is buy, with an average price target of $17.99 (+59% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -25.1%** (YTD 25.9%, 3-mo -8.2%). The shares are down 25.1% over twelve months including dividends.
- **From 52-week high: -51.8%** (69.8% above the low). Trading 52% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 3.33** (volatility 87%). Beta of 3.33 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MARA · Page: https://foliofundamentals.com/stocks/mara

Not investment advice.