MARA Holdings Reports $202.3 Million Q4 Revenue, Holds 53,822 Bitcoins

MARA Holdings, a prominent Bitcoin mining company, has released its financial and operational report for the fourth quarter and full year of 2025. The company reported fourth-quarter revenue of $202.3 million, marking a 6% decrease from $214.4 million in the same period of 2024. For the full year 2025, MARA Holdings achieved revenues of $907.1 million, a significant 38% increase compared to $656.4 million in 2024.

The company reported a net loss of $1.7 billion for the fourth quarter, equating to a loss of $4.52 per diluted share. This contrasts sharply with the net profit of $528.3 million, or $1.24 per diluted share, recorded in the fourth quarter of 2024. The substantial quarterly net loss was largely influenced by a $1.5 billion unrealized loss on digital assets. On an annual basis, MARA Holdings posted a net loss of $1.3 billion for 2025, compared to a net profit of $541 million in 2024.

The company also disclosed its Bitcoin holdings, which stood at 53,822 BTC as of the end of the fourth quarter.

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