MARA Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	547.13	391.77	357.31	103.71	268.56
Cash & Short-Term Investments	547.13	391.77	357.31	103.71	268.56
Cash Growth	39.66%	9.64%	244.55%	-61.38%	90.03%
Other Receivables	18.54	6.35	-	0.02	26.93
Receivables	18.54	6.35	-	0.02	26.93
Prepaid Expenses	44.33	35.61	25.59	40.83	35.15
Restricted Cash	12	12	-	8.8	-
Other Current Assets	42.27	24.65	646.9	124.19	353.6
Total Current Assets	664.27	470.37	1,030	277.55	684.24
Property, Plant & Equipment	1,523	1,558	672.22	274.3	276.24
Long-Term Investments	133.81	111.49	106.29	37	3
Goodwill	-	82.75	-	-	-
Other Intangible Assets	0.99	2.71	-	-	0.93
Other Long-Term Assets	4,965	4,576	182.66	606.39	479.92
Total Assets	7,287	6,801	1,991	1,195	1,444
Accounts Payable	12.55	12.56	11.34	1.31	7.77
Accrued Expenses	86.99	76.89	22.29	23.31	3.48
Short-Term Debt	47.85	-	-	-	-
Current Portion of Long-Term Debt	350	-	-	-	-
Current Portion of Leases	1.9	0.41	0.12	0.33	-
Other Current Liabilities	22.6	5.35	-	1.17	-
Total Current Liabilities	521.88	95.2	33.76	26.12	11.25
Long-Term Debt	3,202	2,447	325.65	782.17	728.41
Long-Term Leases	43.53	26.69	0.35	1.02	-
Long-Term Deferred Tax Liabilities	29.86	88.5	15.29	-	22.58
Other Long-Term Liabilities	12.46	8.41	-	-	-
Total Liabilities	3,810	2,665	375.05	809.3	762.23
Common Stock	0.04	0.03	0.02	0.02	0.01
Additional Paid-In Capital	4,810	4,155	2,184	1,226	835.69
Retained Earnings	-1,338	-26.39	-567.64	-840.34	-153.6
Total Common Equity	3,472	4,129	1,616	385.94	682.1
Minority Interest	5.37	6.91	-	-	-
Shareholders' Equity	3,477	4,136	1,616	385.94	682.1
Total Liabilities & Equity	7,287	6,801	1,991	1,195	1,444
Total Debt	3,645	2,474	326.13	783.51	728.41
Net Cash (Debt)	-3,098	-2,082	31.18	-679.81	-459.85
Net Cash Per Share	-8.72	-6.68	0.16	-5.99	-4.63
Filing Date Shares Outstanding	380.23	345.82	267.64	167.25	103.05
Total Common Shares Outstanding	379.46	340.26	242.83	145.57	102.73
Working Capital	142.39	375.18	996.05	251.43	672.99
Book Value Per Share	9.15	12.13	6.65	2.65	6.64
Tangible Book Value	3,471	4,044	1,616	385.94	681.17
Tangible Book Value Per Share	9.15	11.88	6.65	2.65	6.63
Land	-	3.51	-	-	-
Buildings	-	86.88	-	-	-
Machinery	-	1,831	862.06	116.63	163.87
Construction In Progress	-	71.4	-	171.19	133.57

Source: S&P Global Market Intelligence. Standard template. Financial Sources.