MARA

MARA Holdings, Inc.
NasdaqCMUSDEQUITY Financial Services DELAYED
Last price
11.00
▼ 0.17 (1.52%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
11.16
Prev close
11.17
Day high
11.34
Day low
10.93
Volume
28.54M
Market cap
$4.24B
P/E (TTM)
—
52W range
6.66 – 23.45

Day trading desk

Current session · delayed
Gap from prior close
-0.09%
Prior close 11.17
VWAP
11.05
-0.44% from price
Relative volume
1.16×
Normal
Session range
3.71%
10.93 – 11.34
Position in range
17%
Near session low
ATR (14D)
0.82
7.42% of price
Prior day high
11.41
PDH
Prior day low
10.81
PDL
Bid / ask spread
—
Quote not published
Session volume
54.61M
Avg 47.19M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-8.51% -10.5%
1M
-3.01% -4.2%
3M
-8.74% -13.3%
6M
+22.43% +4.2%
YTD
+22.16% +7.9%
1Y
-41.71% -58.1%
3Y
+29.06% -53.2%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on MARA open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
3.03M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Aug 21, 26
NOWAID ZABI
General Counsel
SELL 8.38K $100.51K Direct
Aug 17, 26
THIEL FREDERICK G
Chief Executive Officer
SELL 27.50K $253.32K Direct
Aug 17, 26
KHAN SALMAN HASSAN
Chief Financial Officer
SELL 16.00K $147.36K Indirect
Jul 20, 26
NOWAID ZABI
General Counsel
SELL 8.38K $100.51K Direct
Jul 17, 26
THIEL FREDERICK G
Chief Executive Officer
SELL 27.50K $299.80K Direct
Jul 17, 26
KHAN SALMAN HASSAN
Chief Financial Officer
SELL 16.00K $174.40K Indirect
Jun 22, 26
MELLINGER DOUGLAS K
Director
SELL 7.00K $112.00K Direct
Jun 17, 26
NOWAID ZABI
General Counsel
SELL 7.00K $99.75K Direct
Jun 17, 26
THIEL FREDERICK G
Chief Executive Officer
SELL 27.50K $391.95K Direct
Jun 17, 26
KHAN SALMAN HASSAN
Chief Financial Officer
SELL 16.00K $228.00K Indirect
May 18, 26
NOWAID ZABI
General Counsel
SELL 8.25K $99.00K Direct
May 18, 26
THIEL FREDERICK G
Chief Executive Officer
SELL 27.50K $330.06K Direct
May 18, 26
KHAN SALMAN HASSAN
Chief Financial Officer
SELL 16.00K $192.00K Indirect
Apr 17, 26
NOWAID ZABI
General Counsel
SELL 42.09K $505.08K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

9 reporting
NameRelationShares heldLatest
ANTOUN GEORGES J
Director 250.64K Stock Award(Grant)
GEORGE JANET
Director 136.34K Stock Award(Grant)
HUMPTON BARBARA
Director 136.34K Stock Award(Grant)
KHAN SALMAN HASSAN
Chief Financial Officer — Sale
LEUPP JAY P
Director 261.62K Stock Award(Grant)
MEALER-BURKE VICKI
Director 140.86K Stock Award(Grant)
MELLINGER DOUGLAS K
Director 246.62K Sale
NOWAID ZABI
General Counsel 898.78K Sale
THIEL FREDERICK G
Chief Executive Officer 4.34M Sale

Fundamentals

TTM · reported
Market cap$4.24B
Enterprise value$6.38B
Revenue (TTM)$804.22M
Gross profit$322.67M
EBITDA$-1.88B
Net income$-3.46B
EPS (TTM)$-9.23
Free cash flow$-1.17B
Total cash$421.27M
Total debt$2.47B
Book value / share$4.35
Shares outstanding386.30M
Float378.48M
Short % of float30.98%
Dividend yield0.00%
Beta (5Y)5.35

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E-52.24
PEG ratio0.10
Price / sales—
Price / book2.52
EV / revenue7.94
EV / EBITDA-3.40
Gross margin40.12%
Operating margin-265.21%
Profit margin0.00%
Return on equity-105.57%
Return on assets-26.30%
Debt / equity140.16
Current ratio0.89
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $907.09M$656.38M$387.51M$117.75M +38.2%
Operating revenue $907.09M$656.38M$387.51M$117.75M +38.2%
Cost of revenue $179.04M$98.16M$0$151.42M +82.4%
Gross profit $728.05M$558.22M$387.51M-$33.67M +30.4%
Research & development $30.12M$13.23M$2.81M$98.00K +127.7%
Selling, general & admin $349.94M$253.96M$83.61M$82.77M +37.8%
Total operating expense $1.55B$1.03B$498.08M$82.87M +51.1%
Operating income -$822.17M-$467.60M-$110.57M-$116.54M -75.8%
Net interest income $7.47M$3.71M-$7.54M-$13.96M +101.2%
Pre-tax income -$1.37B$616.50M$277.60M-$718.25M -321.9%
Tax provision -$56.38M$75.50M$16.43M-$24.23M -174.7%
Net income -$1.31B$541.25M$261.17M-$694.02M -342.3%
Net income to common -$1.31B$541.25M$259.05M-$694.02M -342.3%
Basic EPS -3.691.871.41-6.12 -297.3%
Diluted EPS -3.691.721.06-6.12 -314.5%
EBIT -$1.32B$629.50M$287.95M-$703.27M -309.7%
EBITDA -$547.12M$1.06B$473.49M-$624.56M -151.7%
Basic shares 355.17M289.96M183.86M113.47M +22.5%
Diluted shares 355.17M311.84M192.29M113.47M +13.9%

Options analytics

Account required
Put / call volume
0.31
Call-heavy session
Put / call open interest
0.26
Positioning, not flow
Max pain
11.50
+4.8% from spot
ATM implied vol
82.8%
Nearest strike to spot
Skew (10% OTM)
-10.9%
Calls bid over puts
Call volume
36.45K
Contracts, this expiry
Put volume
11.13K
Contracts, this expiry
Heaviest call OI
12.50
55.13K contracts
Heaviest put OI
12.00
12.36K contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 -0.48-0.62 -30.6%
Mar 2026 -0.85-0.63 +26.1%
Dec 2025 -0.03-0.77 -2,986.4%
Sep 2025 0.350.37 +6.1%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -0.10 1 $175.67M -30.4%
Next quarter 1.37 1 $183.88M -9.1%
Current year -5.15 9 $707.09M -22.0%
Next year -0.21 1 $805.26M +13.9%

Analyst targets & ownership

Account required
Mean target$18.69
High target$30.00
Low target$11.00
Implied upside69.87%
Analyst count13
ConsensusBUY
Strong buy / Buy2 / 7
Hold4
Sell / Strong sell1 / 1
Held by insiders0.79%
Held by institutions75.97%
Institutions holding556
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
11.88
-7.43% from price
SMA 20
11.99
-8.48% from price
SMA 50
11.22
-2.19% from price
SMA 100
12.23
-10.05% from price
SMA 200
10.98
-0.08% from price
EMA 12
11.67
-5.72% from price
EMA 26
11.70
-5.96% from price
EMA 50
11.66
-5.68% from price
RSI (14)
42.6
Neutral
MACD (12,26,9)
-0.03
Hist -0.22
ATR (14)
0.82
7.44% of price
Realised vol 30D
77.2%
Annualised
Bollinger upper
13.69
20, 2σ
Bollinger lower
10.29
20, 2σ
50 / 200 cross
Golden
11.22 vs 10.98
Trend bias
Below 200
-0.08%

Options chain

Account required
Expiry
Spot 11.00
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
3.26
More volatile than market
Correlation to SPY
0.50
Loosely linked
Realised vol 30D
77.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-70.5%
Peak to trough
Max drawdown 5Y
-95.9%
Peak to trough
ATR 14
0.82
7.44% of price
Beta (reported)
5.35
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
104.60M
Prior 110.30M
Change vs prior
-5.2%
Shorts covering
% of float
30.98%
Heavily shorted
% of shares out
27.08%
Against total outstanding
Days to cover
2.0
Liquid
Float
378.48M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

105 on file
DateFirm ActionFromTo
Sep 18, 26 Morgan Stanley MAINTAINED Underweight Underweight
Sep 14, 26 JP Morgan DOWNGRADE Overweight Underweight
Aug 13, 26 Morgan Stanley MAINTAINED Underweight Underweight
Aug 7, 26 Cantor Fitzgerald MAINTAINED Overweight Overweight
Aug 7, 26 Rosenblatt MAINTAINED Buy Buy
Jul 17, 26 Piper Sandler MAINTAINED Overweight Overweight
Jul 8, 26 Morgan Stanley MAINTAINED Underweight Underweight
Jun 24, 26 Citizens INITIATED — Market Outperform
Jun 1, 26 BTIG MAINTAINED Buy Buy
May 19, 26 Morgan Stanley MAINTAINED Underweight Underweight
May 1, 26 Rosenblatt MAINTAINED Buy Buy
Apr 9, 26 Cantor Fitzgerald MAINTAINED Overweight Overweight

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay dateApr 8, 2019
Last split1:4
Split dateApr 8, 2019

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.