Marathon Digital Holdings Inc (MARA) - Net Assets
Based on the latest financial reports, Marathon Digital Holdings Inc (MARA) has net assets worth $2.33 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.95 Billion) and total liabilities ($2.62 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Marathon Digital Holdings Inc (MARA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.33 Billion |
| % of Total Assets | 47.14% |
| Annual Growth Rate | N/A |
| 5-Year Change | 409.07% |
| 10-Year Change | N/A |
| Growth Volatility | 2323.33 |
Marathon Digital Holdings Inc - Net Assets Trend (2011–2025)
This chart illustrates how Marathon Digital Holdings Inc's net assets have evolved over time, based on quarterly financial data. See MARA cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Marathon Digital Holdings Inc (2011–2025)
The table below shows the annual net assets of Marathon Digital Holdings Inc from 2011 to 2025. For live valuation and market cap data, see MARA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.48 Billion | -15.93% |
| 2024-12-31 | $4.14 Billion | +155.95% |
| 2023-12-31 | $1.62 Billion | +318.70% |
| 2022-12-31 | $385.94 Million | -43.50% |
| 2021-12-31 | $683.02 Million | +119.10% |
| 2020-12-31 | $311.74 Million | +8446.41% |
| 2019-12-31 | $3.65 Million | +24.88% |
| 2018-12-31 | $2.92 Million | -60.47% |
| 2017-12-31 | $7.39 Million | +179.55% |
| 2016-12-31 | $-9.29 Million | -173.27% |
| 2015-12-31 | $12.68 Million | -47.73% |
| 2014-12-31 | $24.25 Million | +99.29% |
| 2013-12-31 | $12.17 Million | +209.73% |
| 2012-12-31 | $3.93 Million | +3866.27% |
| 2011-12-31 | $-104.32K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marathon Digital Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 133775767800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $6.12 Billion | 176.31% |
| Total Equity | $3.47 Billion | 100.00% |
Marathon Digital Holdings Inc Competitors by Market Cap
The table below lists competitors of Marathon Digital Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Remgro Ltd
JSE:REM
|
$5.25 Billion |
|
Etsy, Inc.
NASDAQ:ETSY
|
$5.26 Billion |
|
Warehouses de Pauw Comm VA
BR:WDP
|
$5.26 Billion |
|
Jiangsu Xinquan Automotive Trim Co Ltd
SHG:603179
|
$5.26 Billion |
|
H Lundbeck A/S
CO:HLUN-B
|
$5.25 Billion |
|
Brunswick Corporation
NYSE:BC
|
$5.25 Billion |
|
Focuslight Technologies Inc. A
SHG:688167
|
$5.25 Billion |
|
Amentum Holdings Inc.
NYSE:AMTM
|
$5.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marathon Digital Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,129,033,000 to 3,471,720,000, a change of -657,313,000 (-15.9%).
- Net loss of 1,311,480,000 reduced equity.
- Share repurchases of 46,921,000 reduced equity.
- New share issuances of 568,563,000 increased equity.
- Other factors increased equity by 132,525,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.31 Billion | -37.78% |
| Share Repurchases | $46.92 Million | -1.35% |
| Share Issuances | $568.56 Million | +16.38% |
| Other Changes | $132.53 Million | +3.82% |
| Total Change | $- | -15.92% |
Book Value vs Market Value Analysis
This analysis compares Marathon Digital Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $-0.88 | $13.92 | x |
| 2012-12-31 | $11.31 | $13.92 | x |
| 2013-12-31 | $21.15 | $13.92 | x |
| 2014-12-31 | $33.28 | $13.92 | x |
| 2015-12-31 | $14.27 | $13.92 | x |
| 2016-12-31 | $-9.62 | $13.92 | x |
| 2017-12-31 | $4.53 | $13.92 | x |
| 2018-12-31 | $0.55 | $13.92 | x |
| 2019-12-31 | $0.55 | $13.92 | x |
| 2020-12-31 | $3.83 | $13.92 | x |
| 2021-12-31 | $6.88 | $13.92 | x |
| 2022-12-31 | $3.40 | $13.92 | x |
| 2023-12-31 | $8.40 | $13.92 | x |
| 2024-12-31 | $13.24 | $13.92 | x |
| 2025-12-31 | $9.77 | $13.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marathon Digital Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -37.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -144.58%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.14x
- Recent ROE (-37.78%) is above the historical average (-100.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-20.50K |
| 2012 | -175.85% | -4682.09% | 0.04x | 1.02x | $-7.32 Million |
| 2013 | -28.35% | -100.94% | 0.26x | 1.06x | $-4.67 Million |
| 2014 | -7.76% | -8.79% | 0.36x | 2.45x | $-4.31 Million |
| 2015 | -133.64% | -89.26% | 0.40x | 3.73x | $-18.21 Million |
| 2016 | 0.00% | -78.26% | 2.00x | 0.00x | $-27.75 Million |
| 2017 | -424.11% | -6030.07% | 0.03x | 2.04x | $-32.07 Million |
| 2018 | -438.72% | -820.18% | 0.30x | 1.78x | $-13.11 Million |
| 2019 | -96.42% | -296.74% | 0.18x | 1.81x | $-3.88 Million |
| 2020 | -3.35% | -239.80% | 0.01x | 1.00x | $-41.62 Million |
| 2021 | -5.43% | -23.31% | 0.11x | 2.12x | $-105.40 Million |
| 2022 | -179.83% | -589.39% | 0.10x | 3.10x | $-732.62 Million |
| 2023 | 16.16% | 67.40% | 0.19x | 1.23x | $99.58 Million |
| 2024 | 13.11% | 82.46% | 0.10x | 1.65x | $128.35 Million |
| 2025 | -37.78% | -144.58% | 0.12x | 2.14x | $-1.66 Billion |
Industry Comparison
This section compares Marathon Digital Holdings Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $162,193,309
- Average return on equity (ROE) among peers: -6.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marathon Digital Holdings Inc (MARA) | $2.33 Billion | 0.00% | 1.12x | $5.25 Billion |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $278.79 Million |
| Abits Group Inc. (ABTS) | $9.73 Million | -6.60% | 0.34x | $3.23 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $21.08 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-3.23 Million | 0.00% | 0.00x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $51.29 Million |
| Solowin Holdings (AXG) | $3.34 Million | 5.15% | 2.06x | $529.48 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.46 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.24 Million | 0.00% | 0.00x | $34.07 Million |
| Bitfarms Ltd (BITF) | $255.40 Million | -68.77% | 0.34x | $1.21 Billion |
About Marathon Digital Holdings Inc
MARA Holdings, Inc. operates as an energy and digital infrastructure company in North America, the Middle East, Europe, and Latin America. The company leverages Bitcoin Mining and Artificial Intelligence compute to monetize excess energy and underutilized power, optimize power management across operations and support AI inference applications. The company was formerly known as Marathon Digital Ho… Read more