MARA Holdings (MARA) Debt Ratio (2011 - 2026)
MARA Holdings' (MARA) quarterly Debt Ratio came in at 0.56 in Q2 2026, up 65.07% year-over-year from 0.34 in Q2 2025, and up 13.88% quarter-over-quarter from 0.49 in Q1 2026.
Analysis
MARA Holdings (MARA) Debt Ratio (2011 - 2026) Analysis & Trends
MARA Holdings has disclosed Debt Ratio across 15 years of filings, most recently posting 0.56 for Q2 2026.
- In Q2 2026, Debt Ratio rose 65.07% year-over-year to 0.56; the TTM figure through Jun 2026 stood at 0.56 (up 65.07% YoY), while the FY2025 annual figure was 0.49, up 49.56% from the prior year.
- Debt Ratio came in at 0.56 for Q2 2026 at MARA Holdings, up from 0.49 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.61 in Q4 2022 to a low of 0.03 in Q3 2022.
- Average Debt Ratio over 5 years is 0.32, with a median of 0.34 recorded in 2025.
- Year-over-year, Debt Ratio soared 519771.75% in 2022 and tumbled 80.41% in 2024.
- Over 5 years, Debt Ratio stood at 0.61 in 2022, then slumped by 73.3% to 0.16 in 2023, then jumped by 101.95% to 0.33 in 2024, then jumped by 49.56% to 0.49 in 2025, then advanced by 12.53% to 0.56 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.56 in Q2 2026, 0.49 in Q1 2026, and 0.49 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | - |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 0.49 |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 0.77 |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 0.26 |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | 0.07 |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | 0.56 |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | 0.67 |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | 0.35 |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | 0.73 |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 0.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.56 |
| Mar 31, 2026 | 0.49 |
| Dec 31, 2025 | 0.49 |
| Sep 30, 2025 | 0.39 |
| Jun 30, 2025 | 0.34 |
| Mar 31, 2025 | 0.40 |
| Dec 31, 2024 | 0.33 |
| Sep 30, 2024 | 0.17 |
| Jun 30, 2024 | 0.10 |
| Mar 31, 2024 | 0.11 |
| Dec 31, 2023 | 0.16 |
| Sep 30, 2023 | 0.24 |
| Jun 30, 2023 | 0.53 |
| Dec 31, 2022 | 0.61 |
| Sep 30, 2022 | 0.03 |
| Jun 30, 2022 | 0.06 |
| Mar 31, 2022 | 0.47 |
| Dec 31, 2021 | 0.50 |
| Mar 31, 2021 | 0.00 |
| Dec 31, 2020 | 0.00 |