MARA MARA Holdings

XNCM Down Alert

Technology

· How we analyze

About the company

MARA Holdings, formerly Marathon Digital, mines Bitcoin in its own and leased data centers. The company holds a large amount of Bitcoin, so the stock is closely tied to Bitcoin. As of Oct 16, 2026

Fact sheet (from the annual report) Other financial services · Hallandale Beach, USA

MARA is an energy and digital infrastructure company that sources, manages and deploys power in a targeted way. The basis of the business is Bitcoin mining in order to monetize excess and underused power. Miners receive rewards in Bitcoin for solved blocks; the chance of this depends on their share of the network’s total computing power. The company operates data centers in North America, the Middle East, Europe and Latin America and owns most of the capacity itself. It is also building offerings for artificial intelligence inference and high-performance computing, which so far generate no significant revenue. For this, the company acquired a majority stake in Exaion, an operator of data centers for high-performance computing and cloud offerings.

Automatically summarized from SEC annual report (10-K, filed Mar 2, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026

Price performance at a glance

Last 30 trading days
  • Today +3.7%
  • 7 days −5.2%
  • 30 days −43.5%
  • 1 year −63.8%
Day range (last trading day)
−3.2%Price at 50% of the range+3.2%
52-week range
−6.6%Price at 3% of the range+186.2%
Distance from the all-time high
−95.4%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

52-week-high breakout · Analysis method

This method currently detects no pattern for MARA. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

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Symbol on TradingView: NASDAQ:MARA

Fundamental analysis

MARA Holdings · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Mar 2, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet · 1 without data 1 of 7 criteria met Growth Revenue and earnings per share · 2 without data 5 of 5 criteria met Dividend Level, consistency, coverage · 6 without data 0 of 1 criteria met Financial strength Piotroski, debt, liquidity 2 of 6 criteria met

Quality 1 of 7 met · 1 without data

  • no data: Gross margin above 40% not stated in the SEC filings
  • not met: Operating margin above 15% −135.0%
  • not met: Net margin above 10% −144.6%
  • not met: Return on equity above 15% −37.8%
  • not met: Free cash flow margin above 10% −133.4%
  • not met: Profit in each of the last 5 fiscal years 2 of 5
  • not met: Free cash flow positive in each of the last 3 fiscal years 0 of 3
  • met: Equity ratio above 30% 47.6%
Operating margin

−135.0% Fiscal year 2025

Rank 8 of 100: higher than 8% of 192 peers (All). weak.

Rank 11 of 100: higher than 11% of 60 peers (Sector). weak.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

−144.6% Fiscal year 2025

Rank 8 of 100: higher than 8% of 237 peers (All). weak.

Rank 15 of 100: higher than 15% of 63 peers (Sector). weak.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

−37.8% Fiscal year 2025

Rank 5 of 100: higher than 5% of 218 peers (All). weak.

Rank 11 of 100: higher than 11% of 61 peers (Sector). weak.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

−18.0% Fiscal year 2025 (total assets at year end)

Rank 7 of 100: higher than 7% of 238 peers (All). weak.

Rank 10 of 100: higher than 10% of 63 peers (Sector). weak.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

47.6% Fiscal year 2025

Rank 65 of 100: higher than 65% of 239 peers (All). medium.

Rank 45 of 100: higher than 45% of 63 peers (Sector). medium.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

−133.4% Fiscal year 2025

Rank 7 of 100: higher than 7% of 213 peers (All). weak.

Rank 12 of 100: higher than 12% of 62 peers (Sector). weak.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

−1.2B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 5 of 5 met · 2 without data

  • met: Over 3 years, revenue grew by more than 5% per year +97.5%
  • met: Over 5 years, revenue grew by more than 5% per year +190.9%
  • met: Over 10 years, revenue grew by more than 5% per year +47.2%
  • no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
  • met: Revenue rose in the last fiscal year +38.2%
Revenue growth 3 years

+97.5% per year

Rank 95 of 100: higher than 95% of 230 peers (All). strong.

Rank 87 of 100: higher than 87% of 59 peers (Sector). strong.

Median Technology: +14.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+190.9% per year

Rank 99 of 100: higher than 99% of 217 peers (All). strong.

Rank 99 of 100: higher than 99% of 54 peers (Sector). strong.

Median Technology: +14.5%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+47.2% per year

Rank 98 of 100: higher than 98% of 157 peers (All). strong.

Rank 99 of 100: higher than 99% of 37 peers (Sector). strong.

Median Technology: +12.4%

Average growth per year over 10 fiscal years.

Dividend 0 of 1 met · 6 without data

  • not met: Pays a dividend no dividend per share reported for the last fiscal year
  • no data: Payout ratio at most 60% of earnings pays no dividend
  • no data: Dividend paid in each of the last 5 fiscal years pays no dividend
  • no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
  • no data: Dividend per share higher than 5 years ago pays no dividend
  • no data: Free cash flow per share covers the dividend pays no dividend
  • no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend

Financial strength 2 of 6 met

  • not met: Piotroski F-Score at least 7 of 9 1 of 8 · 1 without data
  • not met: Long-term debt no higher than equity 1.04
  • met: Current assets cover current liabilities 1.27
  • met: Positive equity 3.5B USD
  • not met: In 5 years, share count up by at most 5% +336.3%
  • not met: Free cash flow positive in the last fiscal year −1.2B USD
Piotroski F-Score

1 of 8 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

1.04 at fiscal year end

Rank 31 of 100: lower than 31% of 199 peers (All). weak.

Rank 27 of 100: lower than 27% of 54 peers (Sector). weak.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

1.27 at fiscal year end

Rank 45 of 100: higher than 45% of 215 peers (All). medium.

Rank 25 of 100: higher than 25% of 63 peers (Sector). weak.

Median Technology: 2.02

Current assets divided by current liabilities.

Change in share count

+336.3% in 5 years

Rank 5 of 100: lower than 5% of 199 peers (All). weak.

Rank 5 of 100: lower than 5% of 51 peers (Sector). weak.

Median Technology: +2.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • not met: Profit in the last fiscal year (positive return on assets)
  • not met: Positive operating cash flow
  • not met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • not met: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • no data: Gross margin higher than the prior year
  • not met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+190.9% per year), at least as fast as the sector median.
  • Light red: Loss in the last fiscal year.
  • Light red: Debt much higher than usual in the sector.
  • Light red: Profit in 2 of 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 36.6M USD · Net income −28.7M USD · Net margin −78.3%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 519.6K USD · Net income −31.3M USD · Net margin −6,030.1%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 1.6M USD · Net income −12.8M USD · Net margin −820.2%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 1.2M USD · Net income −3.5M USD · Net margin −296.7%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 4.4M USD · Net income −10.4M USD · Net margin −239.8%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 159.2M USD · Net income −36.2M USD · Net margin −22.7%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 117.8M USD · Net income −686.7M USD · Net margin −583.2%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 387.5M USD · Net income 261.2M USD · Net margin 67.4%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 656.4M USD · Net income 541.3M USD · Net margin 82.5%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 907.1M USD · Net income −1.3B USD · Net margin −144.6%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 907.1M USD · Net income −1.3B USD · Net margin −144.6%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, no profit was left.

Operating loss: −135.0% of revenue

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue907.1M USD100.0%
Cost of revenue and operating expenses2.1B USD235.0%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin fell in 4 years from −53.5% to −135.0%.

Gross marginOperating marginNet margin Margins above ±200% hidden (revenue very small relative to the result).
  1. Fiscal year 2016: Gross margin 48.0% · Operating margin −42.5% · Net margin −78.3%
  2. Fiscal year 2017: Gross margin not available · Operating margin not available · Net margin not available
  3. Fiscal year 2018: Gross margin −114.5% · Operating margin not available · Net margin not available
  4. Fiscal year 2019: Gross margin −109.4% · Operating margin not available · Net margin not available
  5. Fiscal year 2020: Gross margin −60.7% · Operating margin not available · Net margin not available
  6. Fiscal year 2021: Gross margin 73.4% · Operating margin −53.5% · Net margin −22.7%
  7. Fiscal year 2022: Gross margin −28.6% · Operating margin not available · Net margin not available
  8. Fiscal year 2023: Gross margin not available · Operating margin 57.0% · Net margin 67.4%
  9. Fiscal year 2024: Gross margin not available · Operating margin 46.6% · Net margin 82.5%
  10. Fiscal year 2025: Gross margin not available · Operating margin −135.0% · Net margin −144.6%

Returns

Return on equity fell in 5 years from −3.4% to −37.8%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity not available · Return on assets −156.7%
  2. Fiscal year 2017: Return on equity −424.1% · Return on assets −208.1%
  3. Fiscal year 2018: Return on equity −438.7% · Return on assets −246.7%
  4. Fiscal year 2019: Return on equity −96.4% · Return on assets −53.1%
  5. Fiscal year 2020: Return on equity −3.4% · Return on assets −3.3%
  6. Fiscal year 2021: Return on equity −5.3% · Return on assets −2.5%
  7. Fiscal year 2022: Return on equity −177.9% · Return on assets −57.5%
  8. Fiscal year 2023: Return on equity 16.2% · Return on assets 13.1%
  9. Fiscal year 2024: Return on equity 13.1% · Return on assets 8.0%
  10. Fiscal year 2025: Return on equity −37.8% · Return on assets −18.0%

Equity and long-term debt

The equity ratio fell in 5 years from 99.5% to 47.6%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity −9.1M USD · Long-term debt 17.8M USD
  2. Fiscal year 2017: Equity 7.4M USD · Long-term debt 1.8M USD
  3. Fiscal year 2018: Equity 2.9M USD · Long-term debt 999.1K USD
  4. Fiscal year 2019: Equity 3.6M USD · Long-term debt 999.1K USD
  5. Fiscal year 2020: Equity 311.7M USD · Long-term debt not available
  6. Fiscal year 2021: Equity 683.0M USD · Long-term debt 728.4M USD
  7. Fiscal year 2022: Equity 385.9M USD · Long-term debt 732.3M USD
  8. Fiscal year 2023: Equity 1.6B USD · Long-term debt 325.7M USD
  9. Fiscal year 2024: Equity 4.1B USD · Long-term debt 2.4B USD
  10. Fiscal year 2025: Equity 3.5B USD · Long-term debt 3.6B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 198.38 to 1.27.

Current ratio
  1. Fiscal year 2016: Current ratio 0.27
  2. Fiscal year 2017: Current ratio 1.96
  3. Fiscal year 2018: Current ratio 1.33
  4. Fiscal year 2019: Current ratio 0.81
  5. Fiscal year 2020: Current ratio 198.38
  6. Fiscal year 2021: Current ratio 49.89
  7. Fiscal year 2022: Current ratio 10.63
  8. Fiscal year 2023: Current ratio 30.51
  9. Fiscal year 2024: Current ratio 4.94
  10. Fiscal year 2025: Current ratio 1.27

Cash flow

Free cash flow fell in 5 years from −25.5M USD to −1.2B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 10.2M USD · Capital expenditure 8.4K USD · Free cash flow 10.2M USD
  2. Fiscal year 2017: Operating cash flow −1.1M USD · Capital expenditure 7.8K USD · Free cash flow −1.1M USD
  3. Fiscal year 2018: Operating cash flow −8.2M USD · Capital expenditure not available · Free cash flow not available
  4. Fiscal year 2019: Operating cash flow −3.3M USD · Capital expenditure not available · Free cash flow not available
  5. Fiscal year 2020: Operating cash flow −7.8M USD · Capital expenditure 17.7M USD · Free cash flow −25.5M USD
  6. Fiscal year 2021: Operating cash flow −18.2M USD · Capital expenditure not available · Free cash flow not available
  7. Fiscal year 2022: Operating cash flow −176.5M USD · Capital expenditure 41.1M USD · Free cash flow −217.6M USD
  8. Fiscal year 2023: Operating cash flow −315.7M USD · Capital expenditure 27.6M USD · Free cash flow −343.3M USD
  9. Fiscal year 2024: Operating cash flow −677.0M USD · Capital expenditure 250.8M USD · Free cash flow −927.8M USD
  10. Fiscal year 2025: Operating cash flow −802.7M USD · Capital expenditure 407.1M USD · Free cash flow −1.2B USD

Share count

The share count rose in 5 years by 336.3% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 15.2M
  2. Fiscal year 2017: Diluted share count not available
  3. Fiscal year 2018: Diluted share count not available
  4. Fiscal year 2019: Diluted share count 6.7M
  5. Fiscal year 2020: Diluted share count 81.4M
  6. Fiscal year 2021: Diluted share count 99.3M
  7. Fiscal year 2022: Diluted share count 113.5M
  8. Fiscal year 2023: Diluted share count 192.3M
  9. Fiscal year 2024: Diluted share count 311.8M
  10. Fiscal year 2025: Diluted share count 355.2M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
none pays no dividend
To shareholders (4 years)
81.8M USD 100% through repurchases
Share count over 5 years
+336.3% more shares – dilution

What goes back to shareholders

Over 4 years, 81.8M USD went back to shareholders, 100% of it through share repurchases. Free cash flow over those years was not positive in total. This was offset by new shares issued for 3.4B USD (including employee plans).

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 4.7M USD · Free cash flow 10.2M USD
  2. Fiscal year 2017: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow −1.1M USD
  3. Fiscal year 2018: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow not available
  4. Fiscal year 2019: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 255.9K USD · Free cash flow not available
  5. Fiscal year 2020: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 230.0M USD · Free cash flow −25.5M USD
  6. Fiscal year 2021: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 324.8M USD · Free cash flow not available
  7. Fiscal year 2022: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) 361.5M USD · Free cash flow −217.6M USD
  8. Fiscal year 2023: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) 608.4M USD · Free cash flow −343.3M USD
  9. Fiscal year 2024: Dividends paid not available · Share repurchases 34.9M USD · New shares issued (including employee plans) 1.9B USD · Free cash flow −927.8M USD
  10. Fiscal year 2025: Dividends paid not available · Share repurchases 46.9M USD · New shares issued (including employee plans) 568.6M USD · Free cash flow −1.2B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

MARA Holdings next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison MARA, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
NET Cloudflare 2.2B USD +38.1%74.5%−9.6%−4.7%−7.0%24.2%13.3%4/9
ENPH Enphase Energy 1.5B USD +13.7%46.6%10.7%11.7%15.8%31.0%6.5%6/9
CRDO Credo Technology Group 1.3B USD +86.8%68.0%33.3%35.4%22.9%89.9%30.5%–
MARA MARA Holdings this stock 907.1M USD +190.9%–−135.0%−144.6%−37.8%47.6%−133.4%–
TE T1 Energy 755.3M USD –7.4%−31.1%−48.7%−146.9%18.2%2.2%6/9
IREN IREN 707.0M USD +145.7%68.9%−148.0%−99.4%−16.8%26.5%−127.0%3/9
RIOT Riot Platforms 647.4M USD +121.7%–−96.1%−102.4%−23.2%72.6%−119.6%–
NBIS Nebius Group 529.8M USD –68.6%−115.5%15.6%1.8%37.0%−694.8%–
AAOI Applied Optoelectronics 455.7M USD +14.2%30.0%−12.0%−8.4%−5.2%62.8%−77.6%5/9
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+190.9% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 190.9% per year on average – at least as fast as the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not computable

– per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: not computable (loss in the first or last year)

What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light red: Loss

−144.6% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue there was no profit but a loss of 144.58 USD. Five years ago the margin was −239.8%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light red: much higher

1.46 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 1.46 USD of financial debt – more than twice as much as the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 8 loss years

2 of 10 fiscal years with a profit

What does this mean? In 2 of the last 10 fiscal years the bottom line showed a profit. 8 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
907.1M USD
Revenue vs. prior year
+38.2%
Net income (FY)
−1.3B USD
Net income vs. prior year
−342.3%
EPS (FY)
-3.69 USD
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Mar 2, 2026 · Balance sheet Jun 30, 2026 (filed Aug 6, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 907.1M−1.3B −144.6% −3.69 – –
2024Dec 31, 2024 656.4M541.3M 82.5% 1.72 – –
2023Dec 31, 2023 387.5M261.2M 67.4% 1.06 – –
2022Dec 31, 2022 117.8M−686.7M −583.2% −6.12 – –
2021Dec 31, 2021 159.2M−36.2M −22.7% −0.36 – –
2020Dec 31, 2020 4.4M−10.4M −239.8% −0.13 – –
2019Dec 31, 2019 1.2M−3.5M −296.7% −0.53 – –
2018Dec 31, 2018 1.6M−12.8M −820.2% – – –
2017Dec 31, 2017 519.6K−31.3M −6,030.1% – – –
2016Dec 31, 2016 36.6M−28.7M −78.3% −1.89 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 174.9M−611.3M −349.6% −1.60 – –
Q1/26Mar 31, 2026 174.6M−1.3B −723.0% −3.31 – –
Q4/25*Dec 31, 2025 202.3M– – – – –
Q3/25Sep 30, 2025 252.4M123.1M 48.8% 0.27 – –
Q2/25Jun 30, 2025 238.5M808.2M 338.9% 1.84 – –
Q1/25Mar 31, 2025 213.9M−533.4M −249.4% −1.55 – –
Q4/24*Dec 31, 2024 214.4M528.5M 246.5% – – –
Q3/24Sep 30, 2024 131.6M−124.8M −94.8% −0.42 – –
Q2/24Jun 30, 2024 145.1M−199.7M −137.6% −0.72 – –
Q1/24Mar 31, 2024 165.2M337.2M 204.1% 1.26 – –
Q4/23*Dec 31, 2023 156.8M223.4M 142.5% – – –
Q3/23Sep 30, 2023 97.8M64.1M 65.5% 0.35 – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $1.5M3 people −$1.5M
6 months $00 people $3.6M4 people −$3.6M
12 months $00 people $7.5M4 people −$7.5M

Latest transactions

  • Oct 19, 2026 Khan Salman Hassan Chief financial officer (CFO) Open-market sale · 10b5-1 plan 16,000 shares · $126.1K · SEC
  • Oct 1, 2026 Thiel Frederick G Chief executive (CEO), Director Open-market sale · 10b5-1 plan 27,505 shares · $308.6K · SEC
  • Sep 18, 2026 Nowaid Zabi Officer Open-market sale · 10b5-1 plan 8,376 shares · $101.3K · SEC
  • Sep 17, 2026 Thiel Frederick G Chief executive (CEO), Director Open-market sale · 10b5-1 plan 27,505 shares · $314.9K · SEC
  • Sep 17, 2026 Khan Salman Hassan Chief financial officer (CFO) Open-market sale · 10b5-1 plan 16,000 shares · $183.2K · SEC
  • Aug 21, 2026 Nowaid Zabi Officer Open-market sale · 10b5-1 plan 8,376 shares · $100.5K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -60

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows+20
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)33.0
Rel. strength 60 d−40.3%

ATR and moving averages as price values only when logged in.

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