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MARA shares outstanding MARA

Diluted shares outstanding, averaged over each quarter, from 2011.

Latest quarter, to Jun 30, 2026
381.6M
On a year earlier
−13.5%
fewer shares

MARA had 381.6M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.

That is 13.5% fewer than a year earlier, so each share owns a little more of the company.

Shares outstanding over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearShares, fourth quarterChange
FY2024398.8M+62%
FY2023245.4M+96%
FY2022125.3M+22%
FY2021102.6M+1253%
FY20197.6M+20%
FY20186.3M+170%
FY20172.3M+136%
FY2016992K+9%
FY2015909.2K+34%
FY2013677.2K+81%
FY2012374.5Kn/a

Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.

Quarter by quarter

QuarterEndedShares outstandingOn a year earlier
Q2 FY26381.6M−13%
Q1 FY26380.2M+10%
Q3 FY25470.1M+59%
Q2 FY25440.9M+58%
Q1 FY25344.1M+28%
Q4 FY24398.8M+62%
Q3 FY24294.9M+61%
Q2 FY24278.7M+65%
Q1 FY24267.9M+59%
Q4 FY23245.4M+96%
Q3 FY23183.7M+58%
Q2 FY23168.5M+54%

What the shares outstanding tells you

Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.

A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.

More on MARA

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.