Marin Software Incorporated — Cyborg Score 2/10

Challenged
Digital Marketing Software / SaaS

Strategic Profile

Marin targets performance-driven advertisers and agencies globally, focusing on efficiency and transparency in paid marketing programs. However, the company faces severe operational challenges including delisting proceedings and delinquent regulatory filings.

Cyborg Score Rationale

Marin Software is in critical distress. The company has been notified of NASDAQ delisting, is delinquent in SEC filings (Form 10-K and 10-Q), announced a plan of dissolution, and has seen its stock price collapse from $3.03 to $0.89 over 52 weeks. Equity has declined 59% year-over-year.

Top Insights

  • Stock delisted from NASDAQ effective June 26, 2025 due to late SEC filings and failure to demonstrate compliance plan
  • Company announced plan of dissolution in April 2025 amid financial distress
  • Total assets declined 52% year-over-year while equity dropped 59% YoY
  • MarinOne platform targets competitive digital marketing software space dominated by larger players

Named Competitors

  • Adobe Marketing Cloud — Enterprise marketing automation and analytics platform
  • Google Marketing Platform — Search, display, and video advertising management
  • Facebook Ads Manager — Social media advertising management tool
  • Amazon Advertising Console — E-commerce advertising platform

Recent Developments

  • (June 2025) Nasdaq delisting notification - trading suspended June 26, 2025
  • (May 2025) Late Form 10-Q filing - continued listing violations
  • (April 2025) Announced plan of dissolution
  • (October 2024) Q3 2024 financial results reported

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