Revenue (FY 2025)
↑38.2% YoY
$907.09M
3-Yr CAGR: 59.0%
Net Income
↓-342.3% YoY
-$1.31B
Net Margin: -144.6%
Free Cash Flow
↓-30.4% YoY
-$1.21B
FCF Yield: -27.40%
EPS (Diluted)
↓-314.5% YoY
$-3.69
Basic: $-3.69
Return on Equity
Efficiency
-37.8%
ROA: -18.0%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (MARA)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Div / Sh | Div Yield | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $36.6M | — | $17.6M | $-28.7M | — | $-1.89 | — | — | 0.00% | $10.2M | $10.2M | — |
| FY 2017 | $0.5M | -98.6% | $-3.0M | $-31.3M | -9.3% | $-4.80 | -154.0% | — | 0.00% | $-1.1M | $-1.1M | -110.6% |
| FY 2018 | $1.6M | +200.7% | $-1.8M | $-12.8M | +59.1% | $-0.60 | +87.5% | — | 0.00% | $-8.2M | $-13.5M | -1,152.1% |
| FY 2019 | $1.2M | -24.1% | $-1.3M | $-3.5M | +72.6% | $-0.53 | +11.7% | — | 0.00% | $-3.3M | $-3.3M | +75.4% |
| FY 2020 | $4.4M | +267.6% | $-2.6M | $-10.4M | -197.1% | $-0.13 | +75.5% | — | 0.00% | $-7.8M | $-25.5M | -667.7% |
| FY 2021 | $150.5M | +3,353.0% | $108.1M | $-36.2M | -246.2% | $-0.36 | -176.9% | — | 0.00% | $-18.2M | $-292.1M | -1,044.7% |
| FY 2022 | $225.6M | +50.0% | $-33.7M | $-686.7M | -1,798.4% | $-6.12 | -1,600.0% | — | 0.00% | $-176.5M | $-217.6M | +25.5% |
| FY 2023 | $387.5M | +71.8% | $-345.2M | $261.2M | +138.0% | $1.06 | +117.3% | — | 0.00% | $-315.7M | $-343.3M | -57.8% |
| FY 2024 | $656.4M | +69.4% | $-719.2M | $541.3M | +107.2% | $1.72 | +62.3% | — | 0.00% | $-677.0M | $-927.8M | -170.3% |
| FY 2025 | $907.1M | +38.2% | $-874.3M | $-1,311.5M | -342.3% | $-3.69 | -314.5% | — | 0.00% | $-802.7M | $-1,209.8M | -30.4% |
Valuation
Market Price
$11.58
Market Cap
$4.42B
Enterprise Value
$7.47B
P/E Ratio
N/A
P/B Ratio
1.27
FCF Yield
-27.40%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
-96.39%
Operating Margin
-134.96%
Net Margin
-144.58%
Return on Equity (ROE)
-37.78%
Return on Assets (ROA)
-18.00%
Asset Turnover
0.12x
Revenue 3-Yr CAGR
59.01%
Financial Health & Liquidity
Current Ratio
1.27
Cash Ratio
1.05
Debt / Equity
1.037
Debt / Assets
0.494
Cash & Equivalents
$547.13M
Total Debt
$3.60B
Book Value / Share
$9.11
Cash Flow Efficiency
Operating Cash Flow
-$802.73M
Capital Expenditures (CapEx)
$407.07M
Free Cash Flow
-$1.21B
OCF / Revenue
-88.49%
FCF / Revenue
-133.37%
FCF 3-Yr CAGR
N/A
Per Share Metrics
EPS (Diluted)
$-3.69
EPS (Basic)
$-3.69
Dividends / Share
N/A
Book Value / Share
$9.11
EPS YoY Growth
-314.53%
Balance Sheet (FY 2025)
Total Assets
$7.29B
Total Liabilities
$3.82B
Stockholders' Equity
$3.47B
Current Assets
$664.27M
Current Liabilities
$521.88M