STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
238
13F, latest reported quarter
What the filings say about MARA
Insiders, 180 days
-$3.6M net sold
4 sellers · 44% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$1.5M
8 notices
Mara insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, MARA Holdings, Inc. insiders sold a net $3.6M of stock across 90 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
22 earlier Form 4 trades (code P or S) here by this insider (22 sales), the last on Sep 17, 2026.
The trade is 3.0% of the 535,681 shares held after it.
1 other insider sold within 30 days.
238 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Financial Officer Khan Salman Hassan sold about $126.1K of MARA under a 10b5-1 plan on Oct 19, 2026; 1 other insider sold within 30 days and 238 funds added in the latest 13F quarter.
27 earlier Form 4 trades (code P or S) here by this insider (1 buy, 26 sales), the last on Sep 17, 2026.
The trade is 0.7% of the 4,217,586 shares held after it.
2 other insiders sold within 30 days.
238 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Thiel Frederick G sold about $308.6K of MARA under a 10b5-1 plan on Oct 1, 2026; 2 other insiders sold within 30 days and 238 funds added in the latest 13F quarter.
9 earlier Form 4 trades (code P or S) here by this insider (9 sales), the last on Aug 21, 2026.
The trade is 0.9% of the 890,404 shares held after it.
2 other insiders sold within 30 days.
238 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: General Counsel Nowaid Zabi sold about $101.3K of MARA under a 10b5-1 plan on Sep 18, 2026; 2 other insiders sold within 30 days and 238 funds added in the latest 13F quarter.
26 earlier Form 4 trades (code P or S) here by this insider (1 buy, 25 sales), the last on Aug 17, 2026.
The trade is 0.6% of the 4,308,192 shares held after it.
2 other insiders sold within 30 days.
238 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Thiel Frederick G sold about $314.9K of MARA under a 10b5-1 plan on Sep 17, 2026; 2 other insiders sold within 30 days and 238 funds added in the latest 13F quarter.
21 earlier Form 4 trades (code P or S) here by this insider (21 sales), the last on Aug 17, 2026.
The trade is 2.9% of the 551,681 shares held after it.
2 other insiders sold within 30 days.
238 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Financial Officer Khan Salman Hassan sold about $183.2K of MARA under a 10b5-1 plan on Sep 17, 2026; 2 other insiders sold within 30 days and 238 funds added in the latest 13F quarter.
90 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Nobody has filed for crossing 5%. That is a fact, not missing data.
MARA planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Khan Salman Hassan
Filed 2026-10-19
$126.1K
Thiel Frederick G
Filed 2026-10-01
$308.6K
Nowaid Zabi
Filed 2026-09-18
$100.9K
Khan Salman Hassan
Filed 2026-09-17
$183.2K
Thiel Frederick G
Filed 2026-09-17
$314.9K
MARA mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Bitwise Bitcoin Standard Corporations ETF
$1.4M position · as of 2026-06-30
9.2%
Bitwise Crypto Industry Innovators ETF
$21.3M position · as of 2026-06-30
5.2%
VanEck Digital Transformation ETF
$17.3M position · as of 2026-06-30
5.0%
Valkyrie Bitcoin Miners ETF
$16.4M position · as of 2026-06-30
4.8%
Schwab Crypto Thematic ETF
$12.7M position · as of 2026-06-30
4.7%
Grayscale Bitcoin Miners ETF
$751.1K position · as of 2026-06-30
4.6%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $3.6M sold by insiders over 180 days, 238 funds added last quarter, $1.5M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$804.2M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM MARA
FY Dec 2025
$907.1M
FY Dec 2024
$656.4M
FY Dec 2023
$387.5M
FY Dec 2022
$117.8M
FY Dec 2021
$159.2M
Jun 2026
$174.9M
Mar 2026
$174.6M
Dec 2025
$202.3M
Sep 2025
$252.4M
Jun 2025
$238.5M
Mar 2025
$213.9M
Dec 2024
$214.4M
Sep 2024
$131.6M
At each fiscal year end
Single quarter
Net margin, TTM
-430.2%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM MARA
FY Dec 2025
-144.6%
FY Dec 2024
+82.5%
FY Dec 2023
+66.9%
FY Dec 2022
-590.2%
FY Dec 2021
-18.7%
Jun 2026
-349.6%
Mar 2026
-723.0%
Dec 2025
-844.9%
Sep 2025
+48.8%
Jun 2025
+338.9%
Mar 2025
-249.4%
Dec 2024
+246.5%
Sep 2024
-94.8%
At each fiscal year end
Single quarter
Free cash flow, TTM
-$1.2B
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM MARA
FY Dec 2025
-$1.2B
FY Dec 2024
-$927.8M
FY Dec 2023
-$343.3M
FY Dec 2022
-$217.6M
FY Dec 2021
-$292.8M
Jun 2026
-$238.5M
Mar 2026
-$327.0M
Dec 2025
-$389.2M
Sep 2025
-$283.9M
Jun 2025
-$282.4M
Mar 2025
-$254.3M
Dec 2024
-$499.9M
Sep 2024
-$198.1M
At each fiscal year end
Single quarter
Debt to equity
1.46x
long-term 2026-06-30 plus current 2026-06-30; equity 2026-06-30
Debt to equity MARA
FY Dec 2025
1.04x
FY Dec 2024
0.59x
FY Dec 2023
0.20x
FY Dec 2022
2.03x
FY Dec 2021
1.07x
Jun 2026
1.46x
Mar 2026
1.08x
Dec 2025
1.04x
Sep 2025
0.63x
Jun 2025
0.47x
Mar 2025
0.62x
Dec 2024
0.59x
Sep 2024
0.22x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
-0.37x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt MARA
FY Dec 2025
-0.22x
FY Dec 2024
-0.28x
FY Dec 2023
-0.97x
FY Dec 2022
-0.23x
FY Dec 2021
-0.03x
Jun 2026
-0.37x
Mar 2026
-0.35x
Dec 2025
-0.22x
Sep 2025
-0.27x
Jun 2025
-0.38x
Mar 2025
-0.35x
Dec 2024
-0.28x
Sep 2024
-0.74x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-107.2%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity MARA
FY Dec 2025
-34.5%
FY Dec 2024
+18.8%
FY Dec 2023
+25.9%
FY Dec 2022
-130.1%
FY Dec 2021
-6.0%
Jun 2026
-107.2%
Mar 2026
-68.5%
Dec 2025
-34.5%
Sep 2025
+23.1%
Jun 2025
+18.3%
Mar 2025
-10.6%
Dec 2024
+18.8%
Sep 2024
+8.4%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-57.3%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets MARA
FY Dec 2025
-18.6%
FY Dec 2024
+12.3%
FY Dec 2023
+16.3%
FY Dec 2022
-52.7%
FY Dec 2021
-3.4%
Jun 2026
-57.3%
Mar 2026
-35.8%
Dec 2025
-18.6%
Sep 2025
+14.6%
Jun 2025
+12.5%
Mar 2025
-7.0%
Dec 2024
+12.3%
Sep 2024
+6.5%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital MARA
FY Dec 2025
n/a
FY Dec 2024
+5.4%
FY Dec 2023
+19.0%
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
+6.2%
Jun 2025
+4.3%
Mar 2025
n/a
Dec 2024
+5.4%
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-53.4%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed MARA
FY Dec 2025
-18.2%
FY Dec 2024
+7.1%
FY Dec 2023
+14.1%
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
-53.4%
Mar 2026
-32.6%
Dec 2025
-18.2%
Sep 2025
+8.6%
Jun 2025
+6.0%
Mar 2025
-13.5%
Dec 2024
+7.1%
Sep 2024
+6.2%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing MARA
FY Dec 2025
n/a
FY Dec 2024
9.37x
FY Dec 2023
21.35x
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
8.19x
Jun 2025
10.18x
Mar 2025
n/a
Dec 2024
9.37x
Sep 2024
17.82x
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$4.6B
market value at close 2026-10-26 on 2026-07-30 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value MARA
FY Dec 2025
$6.4B
FY Dec 2024
$7.5B
FY Dec 2023
$5.2B
FY Dec 2022
$1.1B
FY Dec 2021
$3.8B
Jun 2026
$7.3B
Mar 2026
$5.0B
Dec 2025
$6.4B
Sep 2025
$9.2B
Jun 2025
$7.7B
Mar 2025
$6.1B
Dec 2024
$7.5B
Sep 2024
$5.2B
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-46.9%
TTM free cash flow over market value at close 2026-10-26
FCF yield MARA
FY Dec 2025
-35.6%
FY Dec 2024
-17.2%
FY Dec 2023
-6.6%
FY Dec 2022
-54.5%
FY Dec 2021
-8.7%
Jun 2026
-23.4%
Mar 2026
-41.3%
Dec 2025
-35.6%
Sep 2025
-19.5%
Jun 2025
-22.4%
Mar 2025
-27.3%
Dec 2024
-17.2%
Sep 2024
-10.9%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing MARA
FY Dec 2025
n/a
FY Dec 2024
0.15x
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
0.06x
Jun 2025
0.18x
Mar 2025
n/a
Dec 2024
0.15x
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
MARA ranks highest on institutional and government (82nd percentile) and financial health (26th), and lowest on growth (10th), among Financial Services peers.
Profitability
21
Inputs
Return on equity-107.2% · 15 pct, sector of 205
Return on assets-57.3% · 22 pct, sector of 266
Return on invested capitalpre-tax loss, no effective tax rate to apply
Return on capital employed-53.4% · 26 pct, sector of 88
Financial health
26
Inputs
Debt to equity1.46x · 26 pct, sector of 181
Cash flow to debt-0.37x · 26 pct, sector of 141
Growth
10
Inputs
Revenue growth, YoY-39.2% · 10 pct, sector of 245
Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
21
Inputs
Net Form 4 buying (codes P and S), 180d-$2.0M · 42 pct, sector of 160
Insider buyers, 180d0 · 0 pct, sector of 164
Institutional and government
82
Inputs
Funds adding, latest quarter238 · 82 pct, sector of 278
Congress net buyers, 365dno Congress trades in 365 days
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
12
Inputs
Short interest, % of float+29.6% · 4 pct, sector of 388
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
New text in Risk Factors, latest 10-K+35.8% · 20 pct, sector of 175
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
MARA filings, in plain words
Are Mara insiders buying or selling MARA?
In the 180 days to 2026-10-28, Mara insiders were net sellers, a net $3.6M across purchases and sales reported on Form 4, by 4 sellers.
Are there planned insider sales of MARA?
Yes. 8 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $1.5M of stock; the latest, by Khan Salman Hassan, was filed 2026-10-19.
Read the full summary
In the 180 days to 2026-10-28, Mara insiders were net sellers of MARA, a net $3.6M across purchases and sales reported on Form 4 by 4 sellers. 44% of the 18 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. Insiders filed 8 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $1.5M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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