Filing Flows › Mara Holdings (MARA) › Q4 2024
Mara Holdings (MARA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 3, 2025
Mara Holdings (MARA) reported revenue of $214M for the fourth quarter 2024 (Q4 2024), +37% from a year earlier and +63% from the quarter before. Operating margin was 159.1%, net earnings $529M (246.5% of revenue).
Mara Holdings, Q4 2024: revenue $214M (+37% year over year), operating margin 159.1%, net earnings $529M, operating cash flow −$313M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $214M | +63% | +37% |
| Operating profit | $341M | — | +84% |
| Net earnings | $529M | — | +248% |
| Operating cash flow | −$313M | — | — |
What changed
Revenue was $214.4M in Q4 2024, up 37% year over year and up 63% from the previous quarter.
Operating profit was $341.0M, a 159.1% margin (up 41.0 points year over year). Of the extra revenue versus a year earlier, 271% reached operating profit, above the 118% margin then. Net earnings were $528.5M, up 248% year over year ($528.3M including minority interests, which bore $245K of losses). The effective tax rate was 18.3%. Non-operating items added $305.5M, 47% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$313.4M. Non-cash charges added back $137.0M of depreciation and amortization and $54.1M of share-based compensation. Working capital and other items used $1,032.8M. Capital expenditures of $186.5M exceeded it, leaving free cash flow of −$499.9M.
Questions
What was Mara Holdings' revenue in the fourth quarter 2024?
Mara Holdings (MARA) reported revenue of $214M for the fourth quarter 2024 (Q4 2024), +37% from a year earlier and +63% from the quarter before.
Was Mara Holdings profitable in the fourth quarter 2024?
Operating profit was $341M (159.1% of revenue) and net earnings $529M.
Source: Mara Holdings 10-K on SEC EDGAR.