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	559.13	403.77	357.31	112.51	268.56
Cash & Short-Term Investments	559.13	403.77	357.31	112.51	268.56
Cash Growth	38.48%	13.00%	217.60%	-58.11%	90.03%
Other Receivables	18.54	6.35	-	0.02	26.93
Total Trade Receivables	18.54	6.35	-	0.02	26.93
Other Current Assets	86.6	60.26	672.49	165.03	388.75
Total Current Assets	664.27	470.37	1,030	277.55	684.24
Net Property, Plant & Equipment	1,523	1,566	672.22	274.3	276.24
Other Intangible Assets	0.99	2.71	-	-	0.93
Goodwill	-	82.75	-	-	-
Long-Term Investments	133.81	111.49	106.29	37	3
Other Long-Term Assets	4,965	4,568	182.66	606.39	1,240
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	350	-	-	-	-
Current Portion of Long-Term Debt	47.85	-	-	-	-
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	-
Other Long-Term Liabilities	42.32	96.91	15.29	-	22.58
Total Long-Term Liabilities	3,288	2,570	341.29	783.19	750.98
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
Shareholders' Equity	3,472	4,129	1,616	385.94	682.1
Total Liabilities & Equity	7,282	6,794	1,991	1,195	1,444
Total Debt	3,645	2,474	326.13	783.51	728.41
Net Cash (Debt)	-3,086	-2,070	31.18	-671.01	-459.85
Net Cash Per Share	-8.69	-6.64	0.16	-5.91	-4.63
Book Value	3,472	4,129	1,616	385.94	682.1
Book Value Per Share	9.77	13.24	8.40	3.40	6.87
Tangible Book Value	3,471	4,044	1,616	385.94	681.17
Tangible Book Value Per Share	9.77	12.97	8.40	3.40	6.86

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.