MARA Holdings, Inc. (MARA)
CIK 1507605 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 386.3M shares as of Jul 30, 2026 (10-Q). Share count fell from 51.6M to 5.3M between May 14, 2013 and Aug 14, 2013, a pattern consistent with a reverse split (roughly 1-for-10); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
~6 months of cash left
burning $200.7M / quarter
Full breakdown: cash runway tool · source filing →
Warrants
Warrants outstanding: 744 underlying shares, as reported Dec 31, 2017 (10-K).
Reported exercise price: $0.0877 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $0 as of Dec 31, 2022.
Rough fully diluted estimate: 386.3M = 386.3M O/S + 744 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Convertible Senior Notes Due August 2032 | $1.02B | $1.02B | $20.26 | 0% | ~50.6M sh |
| Convertible Senior Notes Due March 2030 | $1.00B | $632.5M | $25.91 | 0% | ~38.6M sh |
| Convertible Senior Notes Due June 2031 | $925.0M | $291.6M | $34.58 | 0% | ~26.7M sh |
| Convertible Senior Notes Due December 2026 | $747.5M | $48.1M | $76.17 | 1% | ~9.8M sh |
| Convertible Senior Notes Due September 2031 | $300.0M | $300.0M | $18.89 | 2.125% | ~15.9M sh |
If every note above converted at its tagged price: ~141.6M new shares on 386.3M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Aug 6, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 386.3M | Jul 30, 2026 |
| + Warrants (aggregate, as tagged) (if exercised) | 744 | Dec 31, 2017 |
| + Convertible Senior Notes Due August 2032 (if fully converted) | 50.6M | Jun 30, 2026 |
| + Convertible Senior Notes Due March 2030 (if fully converted) | 38.6M | Jun 30, 2026 |
| + Convertible Senior Notes Due June 2031 (if fully converted) | 26.7M | Jun 30, 2026 |
| + Convertible Senior Notes Due December 2026 (if fully converted) | 9.8M | Jun 30, 2026 |
| + Convertible Senior Notes Due September 2031 (if fully converted) | 15.9M | Jun 30, 2026 |
| Fully diluted estimate | 527.9M | +36.7% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 0 executed · 0 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
Keep going: float checker · offering calendar · short-squeeze screener · full MARA workspace