MARA MARA Holdings, Inc.

Q3 2025 10-Q

Filed: Nov 4, 2025Period ending Sep 30, 2025

Financials

Finance ServicesSEC EDGAR

MARA Holdings, Inc. (MARA) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• No quarterly revenue or YoY change data provided in MD&A section
• No profitability or margin figures disclosed in this MD&A excerpt

+3 more insights

Risk Factors

• New risk: increased regulatory and tax burdens on energy use and property from federal, state, local authorities potentially raising costs for bitcoin mining
• Updated risk: bitcoin lending exposure expanded to 10,377 bitcoin loaned, unsecured loans risk higher default losses due to market volatility

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Quarterly Financial Summary
XBRL

Revenue

$17M

▼ -1.5% YoY▲ +10.2% QoQ

Net Income

$123M

▲ +198.7% YoY▼ -84.8% QoQ

Operating Margin

283.4%

▲ +129333bp YoY▼ -417942bp QoQ

Net Margin

733.2%

▲ +146498bp YoY▼ -457295bp QoQ

ROE

2.4%

Total Assets

$9.2B

EPS (Diluted)

$0.26

▲ +157.8% YoY▼ -88.1% QoQ

Operating Cash Flow

-$199M

▼ -24.3% YoY▼ -21.8% QoQ

Source: XBRL data from MARA Holdings, Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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