MARA Holdings, Inc. (MARA) Q3 2025 10-Q Quarterly Report
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.
MARA Holdings, Inc. Q3 2025 10-Q Analysis
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
- • No segment or product line performance details included
- • No cash position or capital deployment changes discussed
- • Management notes July 2025 tax reform (OBBBA) not materially impacting effective tax rate for Q3 or full 2025
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
- • Legal/compliance risk: potential new municipal restrictions and taxes on Granbury, Texas mining facility from proposed land incorporation impacting operations
- • Operational/market risk: third-party managed account holding 1,903 bitcoin exposes to market losses, lack of control, counterparty failure, cybersecurity threats
- • Financial risk: unsecured bitcoin loans risk nonrepayment and losses that could materially affect financial condition due to subordinate loan ranking
MARA Holdings, Inc. Q3 2025 Quarterly FinancialsXBRL
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.
Get deeper insights on MARA Holdings, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.