MARA Holdings (MARA) Invested Capital (2010 - 2026)
MARA Holdings (MARA) posted Invested Capital of $4.09 billion for Q2 2026, down 44.6% from $7.4 billion a year earlier and down 12.2% from the prior quarter.
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Analysis
MARA Holdings (MARA) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, MARA Holdings' Invested Capital came in at $7.08 billion, up 10.9% from FY2024.
- Annual Invested Capital has increased for three consecutive years, with a five-year compound annual growth rate of 86.7% (FY2020 to FY2025).
- In prior years, MARA Holdings' Invested Capital was $6.38 billion in FY2024 (+228.7%), $1.94 billion in FY2023 (+73.6%), $1.12 billion in FY2022 (-21.1%) and $1.42 billion in FY2021 (+354.7%).
- The Q2 2026 figure stands as the lowest quarterly Invested Capital since Q3 2024.
- On a year-over-year basis, Invested Capital increased in six of the last eight quarters, with growth averaging 94.1%.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2021, with growth of 354.7%; the weakest was Q2 2026, with a decline of 44.6%.
- According to Business Quant data, Invested Capital for the three prior quarters was $4.66 billion (Q1 2026), $7.08 billion (Q4 2025) and $8.77 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.67 Bn | 7.89 Bn | - | 33.22 Bn |
| 2 | Block | 46.56 Bn | 17.86 Bn | 3.17 Bn | 28.93 Bn |
| 3 | Coinbase Global | 45.63 Bn | 2.44 Bn | - | 19.56 Bn |
| 4 | Corpay | 26.17 Bn | 16.06 Bn | - | 14.21 Bn |
| 5 | Fiserv | 25.31 Bn | 21.98 Bn | 2.90 Bn | 54.81 Bn |
| 6 | Global Payments | 22.57 Bn | 361.32 Mn | 2.03 Bn | 47.31 Bn |
| 7 | Guidewire Software | 14.23 Bn | 10.79 Bn | 269.68 Mn | 1.87 Bn |
| 8 | Bitmine Immersion Technologies | 11.95 Bn | 9.33 Bn | 40.81 Mn | - |
| 9 | Chime Financial | 11.27 Bn | 7.06 Bn | 594.87 Mn | 1.45 Bn |
| 10 | MARA Holdings | 2.88 Bn | 572.29 Mn | - | 4.09 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.09 Bn |
| Mar 31, 2026 | 4.66 Bn |
| Dec 31, 2025 | 7.08 Bn |
| Sep 30, 2025 | 8.77 Bn |
| Jun 30, 2025 | 7.40 Bn |
| Mar 31, 2025 | 6.33 Bn |
| Dec 31, 2024 | 6.58 Bn |
| Sep 30, 2024 | 3.47 Bn |
| Jun 30, 2024 | 2.97 Bn |
| Mar 31, 2024 | 2.80 Bn |
| Dec 31, 2023 | 1.94 Bn |
| Sep 30, 2023 | 1.35 Bn |
| Jun 30, 2023 | 1.33 Bn |
| Mar 31, 2023 | 1.28 Bn |
| Dec 31, 2022 | 1.12 Bn |
| Sep 30, 2022 | 658.93 Mn |
| Jun 30, 2022 | 727.65 Mn |
| Mar 31, 2022 | 1.51 Bn |
| Dec 31, 2021 | 1.42 Bn |
| Mar 31, 2021 | 683.79 Mn |
API Access
MARA Holdings Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=MARA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "MARA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=MARA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();