Marin Software (MRIN)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	5.59 mm	5.59 mm	5.59 mm	5.59 mm	5.59 mm	5.59 mm
Cash burn (monthly)	784.67 k	667.42 k	769.33 k	1.06 mm	780.33 k	632.92 k
Cash used (since last report)	3.97 mm	3.38 mm	3.90 mm	5.35 mm	3.95 mm	3.21 mm
Cash remaining	1.61 mm	2.21 mm	1.69 mm	240.54 k	1.64 mm	2.38 mm
Runway (months of cash)	2.1	3.3	2.2	0.2	2.1	3.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

MRIN institutional ownership history Ownership history

18.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	7	16	-56.3%
Opened positions	1	2	-50.0%
Closed positions	10	15	-33.3%
Increased positions	0	0
Reduced positions	1	12	-91.7%

13F shares	Current	Prev Q	Change
Total value	250.30 mm	321.52 mm	-22.2%
Total shares	581.33 k	608.07 k	-4.4%
Total puts	0.00	0.00
Total calls	0.00	50.00 k	EXIT
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
DAG Ventures IV-QP	461.52 k	$932.00 k	0.0%
BlackRock	43.45 k	$97.76 mm	NEW
Vanguard	30.22 k	$67.99 mm	0.0%
Geode Capital Management	24.84 k	$55.93 mm	-0.8%
Bridgeway Capital Management	12.30 k	$27.68 mm	0.0%
ESW Capital	9.00 k	$19.00 k	0.0%
Advisor	1.00	$2.00 k	0.0%
Proequities	0.00	$0.00

Largest transactions	Shares	Bought/sold	Change
BlackRock	43.45 k	+43.45 k	NEW
BLK BlackRock	0.00	-43.45 k	EXIT
Toroso Investments	0.00	-10.67 k	EXIT
Two Sigma Securities	0.00	-10.06 k	EXIT
Tower Research Capital	0.00	-3.89 k	EXIT
UBS UBS	0.00	-1.46 k	EXIT
Group One Trading	0.00	-389.00	EXIT
Geode Capital Management	24.84 k	-211.00	-0.8%
BAC Bank of America	0.00	-23.00	EXIT
Qube Research & Technologies	0.00	-21.00	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MRIN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Jun 24	Robert Bertz	Common Stock	Payment of exercise	Dispose F	No	No	2.36	1,879	4.43 k	13,121
13 Jun 24	Robert Bertz	Common Stock	Option exercise	Acquire M	No	No	0	4,583	0.00	15,000
13 Jun 24	Robert Bertz	RSU Common Stock	Option exercise	Dispose M	No	No	0	4,583	0.00	0
13 Jun 24	Wister Walcott	Common Stock	Payment of exercise	Dispose F	No	No	2.36	2,049	4.84 k	34,387
13 Jun 24	Wister Walcott	Common Stock	Option exercise	Acquire M	No	No	0	5,000	0.00	36,436
13 Jun 24	Wister Walcott	RSU Common Stock	Option exercise	Dispose M	No	No	0	5,000	0.00	0
13 Jun 24	Christopher A. Lien	Common Stock	Payment of exercise	Dispose F	No	No	2.36	2,733	6.45 k	9,835
13 Jun 24	Christopher A. Lien	Common Stock	Option exercise	Acquire M	No	No	0	6,667	0.00	12,568
13 Jun 24	Christopher A. Lien	RSU Common Stock	Option exercise	Dispose M	No	No	0	6,667	0.00	0
5 Apr 24	Donald P. Hutchison	Common Stock	Option exercise	Acquire M	No	No	0	54,032	0.00	189,919

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.