Marathon Digital Holdings Inc (MARA) - Net Assets
Based on the latest financial reports, Marathon Digital Holdings Inc (MARA) has net assets worth $5.18 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.15 Billion) and total liabilities ($3.98 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 liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.18 Billion |
| % of Total Assets | 56.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | 1226.71% |
| 10-Year Change | 32528.8% |
| Growth Volatility | 2414.54 |
Marathon Digital Holdings Inc - Net Assets Trend (2011–2024)
This chart illustrates how Marathon Digital Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore Marathon Digital Holdings Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Marathon Digital Holdings Inc (2011–2024)
The table below shows the annual net assets of Marathon Digital Holdings Inc from 2011 to 2024. For live valuation and market cap data, see MARA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 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 2627767800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $34.00K | 0.00% |
| Other Components | $4.16 Billion | 100.64% |
| Total Equity | $4.13 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 |
|---|---|
|
CRRC Corporation Limited
F:C2L
|
$3.12 Billion |
|
Erasca Inc
NASDAQ:ERAS
|
$3.12 Billion |
|
Rev Group Inc
NYSE:REVG
|
$3.12 Billion |
|
Gland Pharma Limited
NSE:GLAND
|
$3.12 Billion |
|
Pingdingshan Tianan Coal Mining Co Ltd
SHG:601666
|
$3.11 Billion |
|
Axtel S.A.B. de C.V
MX:AXTELCPO
|
$3.11 Billion |
|
Asker Healthcare
ST:ASKER
|
$3.11 Billion |
|
ITI Limited
NSE:ITI
|
$3.11 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 2023 to 2024, total equity changed from 1,615,921,000 to 4,129,033,000, a change of 2,513,112,000 (155.5%).
- Net income of 541,253,000 contributed positively to equity growth.
- Share repurchases of 34,857,000 reduced equity.
- New share issuances of 1,851,621,000 increased equity.
- Other factors increased equity by 155,095,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $541.25 Million | +13.11% |
| Share Repurchases | $34.86 Million | -0.84% |
| Share Issuances | $1.85 Billion | +44.84% |
| Other Changes | $155.09 Million | +3.76% |
| Total Change | $- | 155.52% |
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: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $-0.88 | $11.46 | x |
| 2012-12-31 | $11.31 | $11.46 | x |
| 2013-12-31 | $21.16 | $11.46 | x |
| 2014-12-31 | $33.28 | $11.46 | x |
| 2015-12-31 | $14.27 | $11.46 | x |
| 2016-12-31 | $-9.62 | $11.46 | x |
| 2017-12-31 | $4.53 | $11.46 | x |
| 2018-12-31 | $0.55 | $11.46 | x |
| 2019-12-31 | $0.55 | $11.46 | x |
| 2020-12-31 | $3.83 | $11.46 | x |
| 2021-12-31 | $6.88 | $11.46 | x |
| 2022-12-31 | $3.40 | $11.46 | x |
| 2023-12-31 | $8.40 | $11.46 | x |
| 2024-12-31 | $13.24 | $11.46 | 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): 13.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 82.46%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.65x
- Recent ROE (13.11%) is above the historical average (-104.58%), 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 | -28.33% | -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 |
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: $-508,701,727
- Average return on equity (ROE) among peers: -28.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marathon Digital Holdings Inc (MARA) | $5.18 Billion | 0.00% | 0.77x | $3.12 Billion |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $395.54 Million |
| Abits Group Inc. (ABTS) | $10.38 Million | -8.98% | 0.10x | $4.02 Million |
| Sphere 3D Corp (ANY) | $1.24 Million | -345.24% | 5.78x | $4.44 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-6.80 Billion | 0.00% | 0.00x | $34.90 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $43.47 Million |
| Solowin Holdings (AXG) | $1.46 Million | -5.68% | 8.37x | $592.51 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.05 Billion |
| Bitfarms Ltd (BITF) | $359.01 Million | 6.16% | 0.51x | $1.21 Billion |
| Bluemount Holdings Limited Class B Ordinary Shares (BMHL) | $18.73 Million | 4.67% | 4.46x | $49.89 Million |
About Marathon Digital Holdings Inc
MARA Holdings, Inc. operates as a digital asset technology company in the United States and Europe. It also provides technology solutions to optimize data center operations, such as liquid immersion cooling and firmware for bitcoin miners. 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 incorpora… Read more