---
schema_version: "secwatch.filing_event.v1"
accession: "0001507605-25-000026"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:36:22.878198+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MARA Q3 2025 revenues up 92% to $252M, net income of $123M vs loss

## Summary
- Revenue rose 92% YoY to $252M; net income swung to $123M from ($125M) loss.
- Bitcoin holdings grew 98% YoY to 52,850 from 26,747 at end of Q3 2024.
- Company will hold earnings webcast at 9:30 a.m. ET on Nov 4.
- Reported as a digital energy and infrastructure company, not a miner.

## SEC filing metadata
- accession: 0001507605-25-000026
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000150760525000026/0001507605-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000150760525000026/mara-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001507605-25-000026
- JSON: https://secwatch.observer/filing/0001507605-25-000026.json
- Plain text: https://secwatch.observer/filing/0001507605-25-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.