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
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2024 | 398.8M | +62% |
| FY2023 | 245.4M | +96% |
| FY2022 | 125.3M | +22% |
| FY2021 | 102.6M | +1253% |
| FY2019 | 7.6M | +20% |
| FY2018 | 6.3M | +170% |
| FY2017 | 2.3M | +136% |
| FY2016 | 992K | +9% |
| FY2015 | 909.2K | +34% |
| FY2013 | 677.2K | +81% |
| FY2012 | 374.5K | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 381.6M | −13% | |
| Q1 FY26 | 380.2M | +10% | |
| Q3 FY25 | 470.1M | +59% | |
| Q2 FY25 | 440.9M | +58% | |
| Q1 FY25 | 344.1M | +28% | |
| Q4 FY24 | 398.8M | +62% | |
| Q3 FY24 | 294.9M | +61% | |
| Q2 FY24 | 278.7M | +65% | |
| Q1 FY24 | 267.9M | +59% | |
| Q4 FY23 | 245.4M | +96% | |
| Q3 FY23 | 183.7M | +58% | |
| Q2 FY23 | 168.5M | +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.