MARA Holdings (MARA) Research & Development (2012 - 2026)

MARA Holdings (MARA) posted Research & Development of $8.2 million for Q1 2026, up 131.88% sequentially from $3.6 million in Q4 2025, and down 11.29% YoY from $9.3 million in Q1 2025.

MARA Holdings (MARA) Research & Development (2012 - 2026) Analysis & Trends

MARA Holdings (MARA) has 5 years of Research & Development data on file, last reported at $8.2 million in Q1 2026.

  • Quarterly Research & Development fell 11.29% year-over-year to $8.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $29.0 million (up 44.95% YoY) and the FY2025 annual result came in at $30.1 million, up 128.16% from the prior year.
  • Research & Development climbed to $8.2 million in Q1 2026 per MARA's latest filing, from $3.6 million in the prior quarter.
  • The five-year high for Research & Development was $9.3 million in Q1 2025, with the low at $209000.0 in Q1 2023.
  • Average Research & Development over 4 years is $4.2 million, with a median of $3.6 million recorded in 2025.
  • Year-over-year, Research & Development surged 1079.9% in 2024 and decreased 13.24% in 2025.
  • MARA Holdings' Research & Development stood at $1.2 million in 2023, then surged by 230.91% to $4.1 million in 2024, then declined by 13.24% to $3.6 million in 2025, then soared by 131.88% to $8.2 million in 2026.
  • Business Quant data shows MARA's Research & Development at $8.2 million in Q1 2026, $3.6 million in Q4 2025, and $8.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 1.15 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 583.00 Mn
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 241.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 23.47 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 39.55 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -
10 MARA Holdings 5.08 Bn 4.65 Bn - 8.25 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 8.25 Mn
Dec 31, 2025 3.56 Mn
Sep 30, 2025 8.70 Mn
Jun 30, 2025 8.50 Mn
Mar 31, 2025 9.30 Mn
Dec 31, 2024 4.10 Mn
Sep 30, 2024 2.81 Mn
Jun 30, 2024 3.80 Mn
Mar 31, 2024 2.47 Mn
Dec 31, 2023 1.24 Mn
Sep 30, 2023 700,000.00
Jun 30, 2023 700,000.00
Mar 31, 2023 209,000.00
Mar 31, 2012 27,305.00