MARA Holdings reports a 92% revenue increase to $252 million and net income growth to $123 million in Q3 2025.
Quiver AI Summary
MARA Holdings, Inc. reported a significant increase in its financial performance for the third quarter of 2025, with revenues rising 92% year-over-year to $252 million and net income improving substantially from a loss of $125 million to a profit of $123 million. The company also saw its Bitcoin holdings surge by 98% year-over-year, totaling 52,850 Bitcoin compared to 26,747 at the end of Q3 2024. MARA, a digital energy and infrastructure firm, plans to discuss these results during a conference call scheduled for today at 9:30 a.m. Eastern Time. Investors can access the shareholder letter detailing the quarterly performance on the company's website.
Potential Positives
- Revenues increased 92% to $252 million year-over-year, indicating strong growth and demand for the company's services.
- Net income showed a significant turnaround to $123 million, recovering from a loss of $125 million in the same quarter the previous year.
- Bitcoin holdings increased 98% year-over-year, growing to 52,850 from 26,747, which reflects the company's strong position in the digital asset market.
Potential Negatives
- Despite significant revenue and net income growth, the release does not provide details on the sustainability of such improvements or any challenges that the company may face moving forward.
- No comparative analysis or context regarding industry performance is presented, which could leave investors uncertain about MARA's market position.
- The press release does not mention any risks or challenges related to the volatility of Bitcoin or the overall market environment, which could be a concern for stakeholders in the digital energy and cryptocurrency space.
FAQ
What were MARA's revenues in Q3 2025?
MARA's revenues increased by 92% to $252 million year-over-year in Q3 2025.
How much did MARA's net income improve?
Net income rose to $123 million from a loss of $125 million in Q3 2024.
What is the growth of MARA's Bitcoin holdings?
MARA's Bitcoin holdings grew by 98% year-over-year to 52,850 from 26,747 at the end of Q3 2024.
When is the MARA conference call scheduled?
The conference call to discuss financial results is scheduled for November 4, 2025, at 9:30 a.m. Eastern Time.
How can I access the MARA shareholder letter?
The third quarter 2025 shareholder letter can be accessed on MARA's website at ir.mara.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MARA Insider Trading Activity
$MARA insiders have traded $MARA stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 have been sales.
Here’s a breakdown of recent trading of $MARA stock by insiders over the last 6 months:
- FREDERICK G THIEL (Chief Executive Officer) has made 0 purchases and 8 sales selling 247,545 shares for an estimated $4,100,445.
- SALMAN HASSAN KHAN (Chief Financial Officer) has made 0 purchases and 7 sales selling 223,761 shares for an estimated $3,875,206.
- VICKI MEALER-BURKE sold 14,887 shares for an estimated $226,580
- DOUGLAS K MELLINGER has made 0 purchases and 6 sales selling 8,000 shares for an estimated $134,440.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MARA Hedge Fund Activity
We have seen 212 institutional investors add shares of $MARA stock to their portfolio, and 154 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC added 3,803,488 shares (+460.0%) to their portfolio in Q2 2025, for an estimated $59,638,691
- MORGAN STANLEY removed 2,796,678 shares (-38.9%) from their portfolio in Q2 2025, for an estimated $43,851,911
- RENAISSANCE TECHNOLOGIES LLC added 1,809,438 shares (+inf%) to their portfolio in Q2 2025, for an estimated $28,371,987
- ROYAL BANK OF CANADA added 1,668,999 shares (+193.1%) to their portfolio in Q2 2025, for an estimated $26,169,904
- VANGUARD GROUP INC added 1,450,286 shares (+3.6%) to their portfolio in Q2 2025, for an estimated $22,740,484
- GOLDMAN SACHS GROUP INC removed 1,424,127 shares (-27.4%) from their portfolio in Q2 2025, for an estimated $22,330,311
- WESTFIELD CAPITAL MANAGEMENT CO LP removed 1,287,869 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $20,193,785
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MARA Analyst Ratings
Wall Street analysts have issued reports on $MARA in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Macquarie issued a "Outperform" rating on 10/22/2025
- Rosenblatt issued a "Buy" rating on 10/16/2025
- Cantor Fitzgerald issued a "Overweight" rating on 10/06/2025
- JP Morgan issued a "Overweight" rating on 09/26/2025
- Piper Sandler issued a "Overweight" rating on 07/21/2025
To track analyst ratings and price targets for $MARA, check out Quiver Quantitative's $MARA forecast page.
$MARA Price Targets
Multiple analysts have issued price targets for $MARA recently. We have seen 8 analysts offer price targets for $MARA in the last 6 months, with a median target of $25.5.
Here are some recent targets:
- Paul Golding from Macquarie set a target price of $29.0 on 10/22/2025
- Chris Brendler from Rosenblatt set a target price of $25.0 on 10/16/2025
- Brett Knoblauch from Cantor Fitzgerald set a target price of $30.0 on 10/06/2025
- Reginald Smith from JP Morgan set a target price of $20.0 on 09/26/2025
- Gregory Lewis from BTIG set a target price of $27.0 on 09/05/2025
- Ed Engel from Compass Point set a target price of $18.0 on 07/25/2025
- Patrick Moley from Piper Sandler set a target price of $26.0 on 07/21/2025
Full Release
Revenues
increased
92%
to
$252 million
YoY
Net income
increased
to
$123
million from (
$125)
million in Q3 2024
Bitcoin holdings
increased
98%
YoY to
52,850
from
26,747
at the end of
Q3 2024
Miami, FL, Nov. 04, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company") , a leading digital energy and infrastructure company, today announced its third quarter 2025 financial results in a letter to shareholders.
Investors are invited to access the third quarter 2025 shareholder letter at MARA’s website at ir.mara.com . A copy of the letter will also be furnished to the Securities and Exchange Commission on a Form 8-K.
MARA will hold a webcast and conference call at 9:30 a.m. Eastern Time (6:30 a.m. Pacific Time) today to discuss these financial results. To register to participate in the conference call, please use the link below.
Earnings Webcast and Conference Call Details
Date: Tuesday, November 4, 2025
Time: 9:30 a.m. Eastern time (6:30 a.m. Pacific time)
Registration link:
LINK
The webcast will also be available for replay at MARA’s website at ir.mara.com . If you have any difficulty connecting to the conference call, please contact MARA’s investor relations team at [email protected].
About MARA
MARA (NASDAQ: MARA) deploys digital energy technologies to advance the world's energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.
For more information, visit www.mara.com, or follow us on:
X:
@MARA
LinkedIn:
www.linkedin.com/company/MARAHoldings
Facebook:
www.facebook.com/MARAHoldings
Instagram:
@MARAHoldingsInc
MARA Company Contact:
Telephone: 800-804-1690
Email:
[email protected]
MARA Media Contact:
Email:
[email protected]
