MARA Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	826.39	391.77	357.31	103.71	268.56	141.32
Cash & Short-Term Investments	826.39	391.77	357.31	103.71	268.56	141.32
Cash Growth	403.11%	9.64%	244.55%	-61.38%	90.03%	20293.99%
Other Receivables	33.12	6.35	-	0.02	26.93	74.77
Receivables	33.12	6.35	-	0.02	26.93	74.77
Prepaid Expenses	40.39	35.61	25.59	40.83	35.15	2.4
Restricted Cash	12	12	-	8.8	-	-
Other Current Assets	50.03	24.65	646.9	124.19	353.6	67.92
Total Current Assets	961.92	470.37	1,030	277.55	684.24	286.41
Property, Plant & Equipment	1,576	1,558	672.22	274.3	276.24	17.42
Long-Term Investments	137.14	111.49	106.29	37	3	-
Goodwill	82.78	82.75	-	-	-	-
Other Intangible Assets	0.77	2.71	-	-	0.93	1
Other Long-Term Assets	6,395	4,576	182.66	606.39	479.92	8.42
Total Assets	9,153	6,801	1,991	1,195	1,444	313.25
Accounts Payable	11.43	12.56	11.34	1.31	7.77	1
Accrued Expenses	74.33	76.89	22.29	23.31	3.48	-
Current Portion of Long-Term Debt	350	-	-	-	-	-
Current Portion of Leases	1.49	0.41	0.12	0.33	-	0.12
Other Current Liabilities	22.12	5.35	-	1.17	-	0.32
Total Current Liabilities	459.37	95.2	33.76	26.12	11.25	1.44
Long-Term Debt	3,248	2,447	325.65	782.17	728.41	0.06
Long-Term Leases	43.42	26.69	0.35	1.02	-	-
Long-Term Deferred Tax Liabilities	215.76	88.5	15.29	-	22.58	-
Other Long-Term Liabilities	12.25	8.41	-	-	-	-
Total Liabilities	3,978	2,665	375.05	809.3	762.23	1.51
Common Stock	0.04	0.03	0.02	0.02	0.01	0.01
Additional Paid-In Capital	4,787	4,155	2,184	1,226	835.69	428.24
Retained Earnings	371.78	-26.39	-567.64	-840.34	-153.6	-116.06
Comprehensive Income & Other	-	-	-	-	-	-0.45
Total Common Equity	5,158	4,129	1,616	385.94	682.1	311.74
Minority Interest	16.68	6.91	-	-	-	-
Shareholders' Equity	5,175	4,136	1,616	385.94	682.1	311.74
Total Liabilities & Equity	9,153	6,801	1,991	1,195	1,444	313.25
Total Debt	3,642	2,474	326.13	783.51	728.41	0.18
Net Cash (Debt)	-2,816	-2,082	31.18	-679.81	-459.85	141.14
Net Cash Per Share	-6.44	-6.68	0.16	-5.99	-4.63	1.73
Filing Date Shares Outstanding	378.18	345.82	267.64	167.25	103.05	98.8
Total Common Shares Outstanding	378.6	340.26	242.83	145.57	102.73	81.97
Working Capital	502.55	375.18	996.05	251.43	672.99	284.97
Book Value Per Share	13.62	12.13	6.65	2.65	6.64	3.80
Tangible Book Value	5,075	4,044	1,616	385.94	681.17	310.74
Tangible Book Value Per Share	13.40	11.88	6.65	2.65	6.63	3.79
Land	0.66	3.51	-	-	-	-
Buildings	90.53	86.88	-	-	-	-
Machinery	2,185	1,831	862.06	116.63	163.87	12.99
Construction In Progress	123.29	71.4	-	171.19	133.57	10.59

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