MARA Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
MARA$7.34+10.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Financial Statements and Supplementary Data
Index to Consolidated Financial Statements
| Report of Independent Registered Public Accounting Firm (PCAOB ID No. 238) | F-2 |
|---|---|
| Report of Independent Registered Public Accounting Firm (PCAOB ID No. 688) | F-5 |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | F-6 |
| Consolidated Statements of Operations for the years ended December 31, 2025, 2024 and 2023 | F-8 |
| Consolidated Statements of Equity for the years ended December 31, 2025, 2024 and 2023 | F-9 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023 | F-10 |
| Notes to Consolidated Financial Statements | F-12 |
| Note 1. Business Description | F-12 |
| Note 2. Summary of Significant Accounting Policies | F-12 |
| Note 3. Acquisitions | F-19 |
| Note 4. Revenues | F-24 |
| Note 5. Digital Assets | F-29 |
| Note 6. Advance to Vendors and Deposits | F-32 |
| Note 7. Property and Equipment | F-32 |
| Note 8. Investments | F-33 |
| Note 9. Goodwill and Intangible Assets | F-34 |
| Note 10. Fair Value Measurement | F-36 |
| Note 11. Income Taxes | F-38 |
| Note 12. Net Income (Loss) per Share | F-41 |
| Note 13. Stockholders’ Equity | F-42 |
| Note 14. Stock-based Compensation | F-43 |
| Note 15. Accrued Expenses | F-45 |
| Note 16. Debt | F-46 |
| Note 17. Leases | F-49 |
| Note 18. Commitments and Contingencies | F-51 |
| Note 19. Related Party Transactions | F-54 |
| Note 20. Supplemental Consolidated Financial Information | F-56 |
| Note 21. Subsequent Events | F-56 |
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