MARA HOLDINGS, INC. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Cash Flow
Cash Flow by Activity
Operating Cash Flow↓-143.9% -$127M
$-215M
Free Cash Flow↑+11.8% +$22M
$-164M
Investing Cash Flow↑+49.6% +$207M
$-210M
Financing Cash Flow↑+98.3% +$596M
$1.20B
Capex↓-11.8% -$22M
$164M
Acquisitions↓-100.0% -$60M
$0
Stock Buybacks↓-56.2% -$5M
$4M
Stock-Based Comp↓-44.4% -$24M
$30M
Debt Repaid
$0
D&A↑+104.8% +$146M
$286M
SBC Allocated Expense↓-44.4% -$24M
$30M
SBC Unrecognized Cost
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