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MARA Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for MARA Holdings and similar public comparables like Bitdeer, Cleanspark, Core Scientific, Riot Platforms and more.
MARA Holdings Overview
About MARA Holdings
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.
Founded
2010
HQ
Employees
152
Website
Sectors
Financials (LTM)
EV
$8B
MARA Holdings Financials
MARA Holdings reported last 12-month revenue of $872M and negative EBITDA of ($191M).
In the same LTM period, MARA Holdings generated ($403M) in gross profit, ($191M) in EBITDA losses, and had net loss of ($1B).
Revenue (LTM)
MARA Holdings P&L
In the most recent fiscal year, MARA Holdings reported revenue of $907M and EBITDA of ($341M).
MARA Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $872M | XXX | $907M | XXX | XXX | XXX |
| Gross Profit | ($403M) | XXX | $728M | XXX | XXX | XXX |
| Gross Margin | (46%) | XXX | 80% | XXX | XXX | XXX |
| EBITDA | ($191M) | XXX | ($341M) | XXX | XXX | XXX |
| EBITDA Margin | (22%) | XXX | (38%) | XXX | XXX | XXX |
| EBIT Margin | (125%) | XXX | (91%) | XXX | XXX | XXX |
| Net Profit | ($1B) | XXX | ($1B) | XXX | XXX | XXX |
| Net Margin | (153%) | XXX | (145%) | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
MARA Holdings Stock Performance
MARA Holdings has current market cap of $4B, and enterprise value of $8B.
Market Cap Evolution
MARA Holdings' stock price is $11.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $4B | 0.0% | XXX | XXX | XXX | $-3.45 |
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Start Free TrialMARA Holdings Valuation Multiples
MARA Holdings trades at 8.6x EV/Revenue multiple, and (39.3x) EV/EBITDA.
EV / Revenue (LTM)
MARA Holdings Financial Valuation Multiples
As of April 20, 2026, MARA Holdings has market cap of $4B and EV of $8B.
Equity research analysts estimate MARA Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MARA Holdings has a P/E ratio of (3.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 8.6x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBITDA | (39.3x) | XXX | (22.0x) | XXX | XXX | XXX |
| EV/EBIT | (6.9x) | XXX | (9.1x) | XXX | XXX | XXX |
| EV/Gross Profit | (18.6x) | XXX | 10.3x | XXX | XXX | XXX |
| P/E | (3.3x) | XXX | (3.4x) | XXX | XXX | XXX |
| EV/FCF | (19.9x) | XXX | (92.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified MARA Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
MARA Holdings Margins & Growth Rates
MARA Holdings' revenue in the last 12 month declined by (5%).
MARA Holdings' revenue per employee in the last FY averaged $6.0M, while opex per employee averaged $10.2M for the same period.
MARA Holdings' rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MARA Holdings' rule of X is (12%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
MARA Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (5%) | XXX | (13%) | XXX | XXX | XXX |
| EBITDA Margin | (22%) | XXX | (38%) | XXX | XXX | XXX |
| EBITDA Growth | (183%) | XXX | (147%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 7% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (12%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $6.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $10.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 40% | XXX | 39% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 171% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
MARA Holdings Public Comps
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MARA Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitdeer | XXX | XXX | XXX | XXX | XXX | XXX |
| Cleanspark | XXX | XXX | XXX | XXX | XXX | XXX |
| Core Scientific | XXX | XXX | XXX | XXX | XXX | XXX |
| Riot Platforms | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitfarms | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
MARA Holdings M&A Activity
MARA Holdings acquired XXX companies to date.
Last acquisition by MARA Holdings was on XXXXXXXX, XXXXX. MARA Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by MARA Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMARA Holdings Investment Activity
MARA Holdings invested in XXX companies to date.
MARA Holdings made its latest investment on XXXXXXXX, XXXXX. MARA Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by MARA Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout MARA Holdings
| When was MARA Holdings founded? | MARA Holdings was founded in 2010. |
| Where is MARA Holdings headquartered? | MARA Holdings is headquartered in United States. |
| How many employees does MARA Holdings have? | As of today, MARA Holdings has over 152 employees. |
| Who is the CEO of MARA Holdings? | MARA Holdings' CEO is Frederick G. Thiel. |
| Is MARA Holdings publicly listed? | Yes, MARA Holdings is a public company listed on Nasdaq. |
| What is the stock symbol of MARA Holdings? | MARA Holdings trades under MARA ticker. |
| When did MARA Holdings go public? | MARA Holdings went public in 2011. |
| Who are competitors of MARA Holdings? | MARA Holdings main competitors are Bitdeer, Cleanspark, Core Scientific, Riot Platforms. |
| What is the current market cap of MARA Holdings? | MARA Holdings' current market cap is $4B. |
| What is the current revenue of MARA Holdings? | MARA Holdings' last 12 months revenue is $872M. |
| What is the current revenue growth of MARA Holdings? | MARA Holdings revenue growth (NTM/LTM) is (5%). |
| What is the current EV/Revenue multiple of MARA Holdings? | Current revenue multiple of MARA Holdings is 8.6x. |
| Is MARA Holdings profitable? | No, MARA Holdings is not profitable. |
| What is the current EBITDA of MARA Holdings? | MARA Holdings has negative EBITDA and is not profitable. |
| What is MARA Holdings' EBITDA margin? | MARA Holdings' last 12 months EBITDA margin is (22%). |
| What is the current EV/EBITDA multiple of MARA Holdings? | Current EBITDA multiple of MARA Holdings is (39.3x). |
| What is the current FCF of MARA Holdings? | MARA Holdings' last 12 months FCF is ($376M). |
| What is MARA Holdings' FCF margin? | MARA Holdings' last 12 months FCF margin is (43%). |
| What is the current EV/FCF multiple of MARA Holdings? | Current FCF multiple of MARA Holdings is (19.9x). |
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