MARA Holdings Inc. (MARA) reported fourth-quarter 2025 results. Revenue of $202.3 million declined 5.63% year‑over‑year and missed the consensus estimate of $262.0 million. Diluted earnings per share were -$4.52, well below the estimate of -$0.13.
Overall, MARA reported a steep quarterly loss and a large operating shortfall, missed both revenue and EPS expectations, and generated negative operating cash flow; however, the company ended the quarter with $559.1 million in cash while total liabilities rose to $3.81 billion.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
MARA Holdings Inc. Insider Trading Activity
MARA Holdings Inc. insiders have traded $MARA stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 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 7 sales selling 192,535 shares for an estimated $2,599,772.
- SALMAN HASSAN KHAN (Chief Financial Officer) has made 0 purchases and 5 sales selling 154,928 shares for an estimated $2,291,573.
- ZABI NOWAID (General Counsel) has made 0 purchases and 3 sales selling 30,000 shares for an estimated $480,220.
- VICKI MEALER-BURKE sold 14,887 shares for an estimated $226,580
- DOUGLAS K MELLINGER has made 0 purchases and 3 sales selling 3,000 shares for an estimated $53,360.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
MARA Holdings Inc. Hedge Fund Activity
We have seen 214 institutional investors add shares of MARA Holdings Inc. stock to their portfolio, and 249 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA ADVISERS, LP removed 7,393,707 shares (-99.6%) from their portfolio in Q4 2025, for an estimated $66,395,488
- D. E. SHAW & CO., INC. removed 4,422,906 shares (-74.6%) from their portfolio in Q4 2025, for an estimated $39,717,695
- AMERICAN CENTURY COMPANIES INC removed 4,372,799 shares (-94.7%) from their portfolio in Q4 2025, for an estimated $39,267,735
- FARALLON CAPITAL MANAGEMENT LLC removed 3,660,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $32,866,800
- VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 3,483,295 shares (-68.3%) from their portfolio in Q4 2025, for an estimated $31,279,989
- SQUAREPOINT OPS LLC removed 3,060,358 shares (-97.8%) from their portfolio in Q4 2025, for an estimated $27,482,014
- BANK OF AMERICA CORP /DE/ added 2,597,327 shares (+320.6%) to their portfolio in Q4 2025, for an estimated $23,323,996
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
MARA Holdings Inc. Analyst Ratings
Wall Street analysts have issued reports on $MARA in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 01/14/2026
- JP Morgan issued a "Overweight" rating on 11/24/2025
- Compass Point issued a "Buy" rating on 11/24/2025
- Rosenblatt issued a "Buy" rating on 11/05/2025
- Macquarie issued a "Outperform" rating on 10/22/2025
- Cantor Fitzgerald issued a "Overweight" rating on 10/06/2025
To track analyst ratings and price targets for MARA Holdings Inc., check out Quiver Quantitative's $MARA forecast page.
MARA Holdings Inc. Price Targets
Multiple analysts have issued price targets for $MARA recently. We have seen 7 analysts offer price targets for $MARA in the last 6 months, with a median target of $22.0.
Here are some recent targets:
- Brett Knoblauch from Cantor Fitzgerald set a target price of $11.0 on 02/27/2026
- Patrick Moley from Piper Sandler set a target price of $16.0 on 01/14/2026
- Reginald Smith from JP Morgan set a target price of $13.0 on 11/24/2025
- Ed Engel from Compass Point set a target price of $30.0 on 11/24/2025
- Chris Brendler from Rosenblatt set a target price of $22.0 on 11/05/2025
- Paul Golding from Macquarie set a target price of $29.0 on 10/22/2025
- Gregory Lewis from BTIG set a target price of $27.0 on 09/05/2025
