Can Marathon Digital Holdings cover its short-term obligations?

Its current ratio is 1.84 — current assets exceed current liabilities.

Where does Marathon Digital Holdings's balance sheet data come from?

Every line is extracted from Marathon Digital Holdings's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Marathon Digital Holdings MARA Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$525.65M+152%	$547.13M+39.7%	$838.39M+376%	$121.48M-54.7%	$208.22M-35.8%
Restricted cash	$12M0.0%	$12M0.0%	$12M0.0%	$12M0.0%	$12M—
Derivative assets	$8.27M-76.9%	$49.32M+451%	$51.66M—	$56.09M+65.0%	$35.78M—
Total current assets	$611.11M+109%	$664.27M+41.2%	$961.92M+302%	$236.46M-36.4%	$291.83M-82.2%
Property and equipment, net	$1.41B-10.2%	$1.49B-3.8%	$1.55B+42.4%	$1.63B+75.8%	$1.57B+95.2%
Accumulated depreciation	$1.24B+69.6%	$1.2B+101%	$1.01B+119%	$883.45M+144%	$731.39M+167%
Operating lease right-of-use assets	7.2%0.0%	3,232,400,000%+1,545,000,000%	7.2%+0.5%	7.2%+0.5%	7.2%+0.3%
Goodwill	$90.49M+9.3%	$0-100%	$82.78M+82.5%	$82.78M+82.5%	$82.75M+168%
Intangible assets, net	$44.3M+1,722%	$988K-63.6%	$771K-61.0%	$2.15M-2.0%	$2.43M-88.8%
Other non-current assets	$214.52M-10.9%	$219.1M-9.0%	$211.42M+276%	$211.35M+273%	$240.77M+307%
Equity method investments	$40.66M-20.7%	$42.68M-25.7%	$46.19M—	$48.31M—	$51.27M—
Long-term investments	$131.83M-3.9%	$133.81M+20.0%	$137.14M-11.0%	$134.26M+15.5%	$137.21M+22.3%
Total noncurrent assets	$4.34B-29.5%	$6.62B+4.6%	$8.19B+145%	$7.48B+173%	$6.15B+367%
Total assets	$4.95B-23.2%	$7.29B+7.1%	$9.15B+156%	$7.72B+148%	$6.44B+118%
Accounts payable	$7.84M+20.9%	$12.55M-0.1%	$11.43M-9.0%	$9.84M-65.9%	$6.49M-80.5%
Accrued expenses	$17.89M+18.6%	$22.6M+323%	$22.12M+524%	$23.16M+760%	$15.09M-53.2%
Current portion of long-term debt	$197.91M+117,702%	$397.85M+236,713%	$173K-3.4%	$173K-3.9%	$168K—
Operating lease liabilities, current	$2.62M+200%	$1.72M+621%	$1.32M+259%	$1.05M+233%	$872K-35.5%
Finance Lease Liability, Current	$173K+3.0%	$173K+3.0%	$173K-3.4%	$173K-3.9%	$168K—
Total current liabilities	$331.47M-10.0%	$521.88M+448%	$459.37M+668%	$441.02M+345%	$368.37M+418%
Long-term debt	$2.22B-3.5%	$3.2B+30.9%	$3.25B+425%	$2.25B+589%	$2.3B+605%
Operating lease liabilities, non-current	$41.18M+23.7%	$39.71M+72.8%	$39.61M+164%	$39.72M+163%	$33.3M+155%
Finance Lease Liabilities (Total)	$3.99M+2.9%	$3.99M+2.9%	$3.99M+2.9%	$3.99M+2.9%	$3.88M—
Operating Lease Liabilities (Total)	$43.8M+28.2%	$41.44M+78.5%	$40.92M+282%	$40.77M+285%	$34.17M+262%
Finance lease liabilities	$3.82M+2.9%	$3.82M+2.9%	$3.82M-21.0%	$3.82M-21.0%	$3.71M—
Other non-current liabilities	$12.68M+7.1%	$12.46M+48.2%	$12.25M+48.2%	$12.04M+50.7%	$11.84M-30.3%
Total noncurrent liabilities	$2.28B-2.7%	$3.29B+27.9%	$3.52B+429%	$2.48B+562%	$2.35B+474%
Preferred stock	$0—	$0—	$0—	$0—	$0—
Common stock	800M0.0%	800M+2,352,841%	800M+60.0%	800M+60.0%	800M+60.0%
Additional paid-in capital	$4.83B+12.8%	$4.81B+15.7%	$4.79B+40.3%	$4.54B+47.8%	$4.28B+58.2%
Retained earnings	-$2.6B-364%	-$1.34B-4,970%	$371.78M+167%	$248.65M+158%	-$559.59M-143%
Accumulated other comprehensive income (loss)	-$4.54M—	$0—	——	——	——
Redeemable noncontrolling interests	$85.02M—	$0—	——	——	——
Noncontrolling interests	$16.25M+311%	$5.37M-22.3%	$16.68M—	$4.56M—	$3.95M—
Total stockholders' equity	$2.23B-40.1%	$3.47B-15.9%	$5.16B+80.6%	$4.79B+81.3%	$3.72B+50.4%
Total liabilities and stockholders' equity	$4.95B-23.2%	$7.29B+7.1%	$9.15B+156%	$7.72B+148%	$6.44B+118%
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)	$525.65M+152%	$694.8M+72.1%	$838.39M+376%	$121.48M-54.7%	$208.22M-35.8%
Digital assets	$1.9M-38.6%	$2.39M-44.7%	$3.71M-78.3%	$2.26M-86.8%	$3.1M—
Derivatives	$1.26M-94.0%	$20.34M+1,219%	$21.94M—	$21.05M+53.5%	$21.07M—
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)	$25.64M+197%	$18.54M+192%	$33.12M—	$31.03M—	$8.63M—
Customer Collateral Assets	$15.65M-31.2%	$19.54M+4.0%	$24.38M-8.0%	$19.43M-25.8%	$22.74M-44.3%
Derivative Assets, Current	$1.26M-94.0%	$20.34M+1,219%	$21.94M—	$21.05M+53.5%	$21.07M—
Derivative Assets - Fair Value	$7.01M-52.3%	$28.98M+291%	$29.73M—	$35.04M+72.8%	$14.7M—
Digital Assets	$2.41B-38.6%	$4.71B+46.1%	$6.03B+253%	$5.36B+356%	$3.93B—
Digital Assets, Net	$2.08B-32.0%	$4.36B+54.5%	$4.65B+265%	$3.43B+352%	$3.06B—
Other Receivables	$25.64M+197%	$18.54M+192%	$33.12M—	$31.03M—	$8.63M—
Deposits on Licenses	$214.52M-10.9%	$219.1M-9.0%	$211.42M+276%	$211.35M+273%	$240.77M+307%
Derivative Assets, Non-Current	$7.01M-52.3%	$28.98M+291%	$29.73M—	$35.04M+72.8%	$14.7M—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	$8.26M—	——	$250K-71.5%	——	——
Finite Lived Intangible Assets - Gross	$46.05M—	$3.92M-84.7%	$3.63M-85.3%	——	——
Investments, Advances and Long-Term Receivables	$292K-99.8%	$7.65M-93.7%	$107.44M-55.3%	$6.26M-98.4%	$134.05M-48.7%
Net Investment in Lease	$34.22M+25.2%	$32.32M+91.6%	$32.39M+246%	$33M+239%	$27.34M+204%
Crypto assets held for investment	$2.08B-32.0%	$4.36B+54.5%	$4.65B+265%	$3.43B+352%	$3.06B—
Crypto Asset, Fair Value	$2.41B-38.6%	$4.71B+12.3%	$6.03B+253%	$5.36B+356%	$3.93B—
Digital assets	$1.73B-37.1%	$3.37B+4.5%	$4.05B+139%	$3.69B+218%	$2.75B—
Digital assets - receivable, net	$680.52M-41.5%	$1.34B+39.2%	$1.97B—	$1.65B—	$1.16B—
Intangible assets — net	$44.3M—	$988K-63.6%	$771K-61.0%	——	——
Other intangible assets—net	$43.12M+1,673%	$988K-63.6%	$771K-61.0%	$2.15M-2.0%	$2.43M-88.8%
Investments	$131.83M-3.9%	$133.81M+20.0%	$137.14M-11.0%	$134.26M+15.5%	$137.21M+22.3%
Operating lease right-of-use assets	$34.22M+25.2%	$32.32M+91.6%	$32.39M+246%	$33M+239%	$27.34M+204%
Property, plant and equipment at cost	$2.65B+15.2%	$2.69B+25.3%	$2.56B+65.0%	$2.52B+94.9%	$2.3B+113%
Operating Lease Right-of-Use Assets in Other Assets	$34.22M+25.2%	$32.32M+91.6%	$32.39M+246%	$33M+239%	$27.34M+204%
Other Investments	$91.17M+6.1%	$91.13M+68.6%	$90.95M—	$85.95M—	$85.95M—
Tax Credit Carryforward Valuation Allowance	$463.3M—	——	——	——	——
Other Commercial Liabilities	$105.03M+130%	$86.99M+13.1%	$74.33M+102%	$56.8M-15.4%	$45.75M+41.9%
Accrued Liabilities, Current	$105.03M+130%	$86.99M+13.1%	$74.33M+102%	$56.8M-15.4%	$45.75M+41.9%
Revolving credit facility	$150M-50.0%	$350M—	$350M—	$350M—	$300M—
Notes Payable Current	$47.91M—	$47.85M—	——	——	——
Other accrued liabilities	$17.89M+18.6%	$22.6M+323%	$22.12M+524%	$23.16M+760%	$15.09M—
Finance Lease Liability Payment Due	$89.63M-0.2%	——	$89.63M-0.2%	$89.63M-0.2%	$89.8M—
Finance Lease Liability - Undiscounted Excess Amount	$85.64M-0.3%	——	$85.64M-0.3%	$85.64M-0.3%	$85.92M—
Lease Liability Payments - 2020 (Remaining Three Months)	$3.92M—	——	——	——	——
Lease Liability Payments - 2021	$178K+6.0%	——	$0-100%	$0-100%	$168K—
Operating Lease Liability Payments - 2024 (Lessee)	$6.36M+99.2%	——	$4.15M+284%	$4.15M+284%	$3.19M+1,471%
Operating Lease Liability Payments - 2025 (Lessee)	$6.19M+25.7%	——	$5.95M+114%	$5.95M+114%	$4.93M+92.2%
Lease Liability Payments - Due Year Two	$183K+5.8%	——	$173K0.0%	$173K0.0%	$173K-14.8%
Lease Liability Payments - Due Year Three	$6.23M+25.5%	——	$5.95M+110%	$5.95M+110%	$4.96M+507%
Lease Liability Payments - Due Year Four	$6.19M+25.7%	——	$5.95M+114%	$5.95M+114%	$4.93M+92.2%
Lease Liability Payments - Remainder of Fiscal Year	$173K-90.3%	——	$776K—	$1.36M—	$1.78M+957%
Line of Credit Outstanding	$150M-50.0%	$350M—	$350M—	$350M—	$300M—
Notes Payable	$47.91M—	$47.85M—	——	——	——
Operating Lease Liability Payments Due	$77.56M+15.2%	——	$75.27M+429%	$75.85M+431%	$67.32M+413%
Operating Lease Liability - Undiscounted Excess Amount	$33.76M+1.8%	——	$34.35M+881%	$35.08M+853%	$33.15M+797%
Contingent Consideration Liability (Non-Current)	$25.55M+67.5%	$13.76M+69.1%	$15.37M+341%	$15.31M+346%	$15.26M+333%
Debt Maturity - 2024	$48.08M—	——	——	——	——
Debt Maturity - 2027	$0—	——	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$31.03M-89.7%	$48.15M—	$350M+2,811%	$350M—	$300M—
Operating Lease Liability Payments - 2027 (Lessee)	$6.23M+30.8%	——	$5.81M+105%	$5.81M+105%	$4.76M+90.4%
Operating Lease Liability Payments - 2028 (Lessee)	$6.19M+25.7%	——	$5.95M+114%	$5.95M+114%	$4.93M+92.2%
Total debt	$2.46B+5.4%	$3.65B+47.4%	$3.29B+420%	$2.3B+573%	$2.34B+596%
Total Carrying Value of Debt	$2.45B-5.8%	$3.65B+49.1%	$3.6B—	$2.6B—	$2.6B—
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	380.9M+10.0%	379.5M+11.5%	378.6M+24.2%	362.3M+26.2%	346.3M+28.8%
Convertible Preferred Stock Authorized Shares	50M0.0%	50M0.0%	50M0.0%	50M0.0%	50M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—	0—
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—	0—
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$38K+11.8%	$37K+8.8%	$37K+23.3%	$36K+28.6%	$34K+25.9%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	$0—
Preferred Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Cumulative Cost Basis	$2.65B+15.2%	$2.69B+25.3%	$2.56B+65.0%	$2.52B+94.9%	$2.3B+113%
Business Combination, Contingent Consideration, Liability	$25.55M+67.5%	$13.76M+69.1%	$15.37M+341%	$15.31M+346%	$15.26M+333%
Cash and cash equivalents, end of period	$525.65M+152%	$694.8M+72.1%	$838.39M+376%	$121.48M-54.7%	$208.22M-35.8%
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$800M0.0%	$800M0.0%	$800M+60.0%	$800M+60.0%	$800M+60.0%
Common stock, shares issued (in shares)	$380.87M+10.0%	$379.46M+11.5%	$378.6M+24.2%	$362.34M+26.2%	$346.28M+28.8%
Common Stock, Shares, Outstanding	$380.87M+10.0%	$379.46M+11.5%	$378.6M+24.2%	$362.34M+26.2%	$346.28M+28.8%
Digital assets	$1.73B-37.1%	$3.37B+4.4%	$4.05B—	$3.69B—	$2.75B—
Digital assets pending distribution to the company	37+825%	33-35.3%	11-88.4%	2-96.0%	4-93.4%
Crypto asset receivable, allowance for credit loss	$1.43M-89.4%	$3.19M-62.0%	$6.1M—	$20.08M—	$13.48M—
Crypto Asset Receivable, Before Allowance For Credit Loss	$681.95M-42.1%	$1.34B+38.4%	$1.98B—	$1.67B—	$1.18B—
Long-term debt, gross	$2.45B-5.8%	$3.65B+49.1%	$3.6B—	$2.6B—	$2.6B—
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$31.03M-89.7%	$48.15M—	$350M—	$350M—	$300M—
Deferred income taxes	$8.62M—	$29.86M-66.3%	$215.76M—	$178.08M+754%	$0-100%
Deferred Tax Assets, Valuation Allowance	$463.3M—	——	——	——	——
Derivatives	$7.01M-52.3%	$28.98M+291%	$29.73M—	$35.04M+72.8%	$14.7M—
Digital asset receivable - borrowing	$290.22M—	$519.59M+85.7%	$579.18M—	$607.61M—	——
Digital asset receivable - lending	$391.73M-35.7%	$820.47M+19.1%	$1.18B—	$844.2M—	$608.86M—
Digital asset receivable - trading	$1K—	$1K—	$217.07M—	$214.74M—	——
Equity method investments (Note 11)	$40.66M-20.7%	$42.68M-25.7%	$46.19M—	$48.31M—	$51.27M—
Current maturities of long-term debt	$173K+3.0%	$173K+3.0%	$173K-3.4%	$173K-3.9%	$168K—
Finance Lease Liability Payments Due	$89.63M-0.2%	——	$89.63M-0.2%	$89.63M-0.2%	$89.8M—
2027	$178K+6.0%	——	$0-100%	$0-100%	$168K—
Finance Lease Liability Payments Due Year Four	$194K+6.0%	——	$183K0.0%	$183K0.0%	$183K—
Finance Lease Liability Payments Due Year Three	$189K+6.2%	——	$178K0.0%	$178K0.0%	$178K—
Finance Lease Liability Payments Due Year Two	$183K+5.8%	——	$173K0.0%	$173K0.0%	$173K—
Thereafter	$88.71M—	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount	$85.64M-0.3%	——	$85.64M-0.3%	$85.64M-0.3%	$85.92M—
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$2.84M-1.0%	$2.85M-1.0%	$2.86M-29.0%	$2.86M-29.0%	$2.87M—
Thereafter	$4.3M—	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$1.75M—	$1.84M-92.0%	$1.77M-92.2%	——	——
2028	$8.26M—	——	$250K-71.5%	——	——
2030	$8.26M—	——	——	——	——
Remainder of 2026	$6.6M—	——	$63K-71.4%	——	——
2027	$8.64M—	——	$250K-71.5%	——	——
2029	$8.26M—	——	$208K—	——	——
Cumulative translation adjustment	-$1.18M—	——	——	——	——
Gross Carrying Amount	$46.05M—	$3.92M-84.7%	$3.63M-85.3%	——	——
Finite-Lived Intangible Assets, Net Of Amortization And Foreign Currency Translation Adjustments	$43.12M—	——	——	——	——
Finite-Lived Intangible Assets, Restructuring Eliminations	——	$1.1M—	——	——	——
Lease, Liability	$47.79M+25.6%	$45.43M+67.7%	$44.91M+120%	$44.76M+119%	$38.05M—
Lease, Right-Of-Use Asset	$37.06M+22.7%	$35.17M+78.1%	$35.24M+163%	$35.86M+161%	$30.21M—
Lessee Operating Lease Liability Payments Due	$77.56M+15.2%	——	$75.27M+429%	$75.85M+431%	$67.32M+413%
Thereafter	$48.23M—	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount	$33.76M+1.8%	——	$34.35M+881%	$35.08M+853%	$33.15M+797%
2028	$0—	——	——	——	——
2029	$0—	——	——	——	——
2030	$632.54M—	——	——	——	——
2027	$150M—	——	——	——	——
Remainder of 2026	$48.08M—	——	——	——	——
Thereafter	$1.62B—	——	——	——	——
Long Term Notes Payable	$2.22B-1.3%	$3.2B+42.5%	$3.25B+425%	$2.25B+589%	$2.25B+590%
Number of derivative complaints consolidated	——	——	——	——	——
Noncontrolling interests in subsidiaries	$16.25M+311%	$5.37M-22.3%	$16.68M—	$4.56M—	$3.95M—
Number of patents subject to ex parte reexamination	6—	——	——	——	——
Operating Lease Weighted Average Discount Rate Percent	$0.070.0%	——	$0.07+7.5%	$0.07+7.5%	$0.07+4.3%
Partnership agreement, maximum ownership percentage	50%—	——	——	——	——
Preferred Stock, Par or Stated Value Per Share	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Preferred Stock, Shares Authorized	$50M0.0%	$50M0.0%	$50M0.0%	$50M0.0%	$50M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—	$0—
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—	$0—
Prepaid ship and debits	$3.03M-78.7%	$3.03M-78.7%	$12.75M-35.0%	$12.75M-39.7%	$14.19M-32.6%
Purchase Obligation	$382.8M-18.2%	——	$423.3M—	$444.3M—	$468.1M—
Redeemable noncontrolling interests in subsidiaries	$85.02M—	$0—	——	——	——
Purchase Obligation	$382.8M-18.2%	——	$423.3M—	$444.3M—	$468.1M—
Remainder of Fiscal Year 2024	$48.08M—	——	$63K-36.4%	——	——
Remainder of Fiscal Year 2025	$6.6M—	——	$63K-71.4%	——	——
Weighted-Average Discount Rate	7.2%0.0%	——	7.2%0.0%	7.2%0.0%	7.2%—
Weighted-Average Discount Rate - Finance Leases	$0.070.0%	——	$0.070.0%	$0.070.0%	$0.07—

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Questions, answered.

Can Marathon Digital Holdings cover its short-term obligations?: Its current ratio is 1.84 — current assets exceed current liabilities.
Where does Marathon Digital Holdings's balance sheet data come from?: Every line is extracted from Marathon Digital Holdings's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.