MARA Holdings (MARA) Research & Development (2012 - 2026)
MARA Holdings' (MARA) quarterly Research & Development came in at $7.2 million in Q2 2026, down 16.07% year-over-year from $8.5 million in Q2 2025, and down 13.03% quarter-over-quarter from $8.2 million in Q1 2026.
Analysis
MARA Holdings (MARA) Research & Development (2012 - 2026) Analysis & Trends
MARA Holdings has disclosed Research & Development across 5 years of filings, most recently posting $7.2 million for Q2 2026.
- In Q2 2026, Research & Development fell 16.07% year-over-year to $7.2 million; the TTM figure through Jun 2026 stood at $27.7 million (up 11.68% YoY), while the FY2025 annual figure was $30.1 million, up 127.66% from the prior year.
- Research & Development came in at $7.2 million for Q2 2026 at MARA Holdings, down from $8.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $9.3 million in Q1 2025 to a low of $209000.0 in Q1 2023.
- Average Research & Development over 4 years is $4.4 million, with a median of $3.7 million recorded in 2024.
- Year-over-year, Research & Development soared 1096.17% in 2024 and declined 16.07% in 2026.
- Over 4 years, Research & Development stood at $1.2 million in 2023, then surged by 238.7% to $4.1 million in 2024, then fell by 14.32% to $3.5 million in 2025, then surged by 103.95% to $7.2 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $7.2 million in Q2 2026, $8.2 million in Q1 2026, and $3.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | - |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | - |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | - |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | - |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | 7.17 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -36.05 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | - |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.17 Mn |
| Mar 31, 2026 | 8.25 Mn |
| Dec 31, 2025 | 3.52 Mn |
| Sep 30, 2025 | 8.72 Mn |
| Jun 30, 2025 | 8.55 Mn |
| Mar 31, 2025 | 9.30 Mn |
| Dec 31, 2024 | 4.11 Mn |
| Sep 30, 2024 | 2.81 Mn |
| Jun 30, 2024 | 3.85 Mn |
| Mar 31, 2024 | 2.50 Mn |
| Dec 31, 2023 | 1.21 Mn |
| Sep 30, 2023 | 713,000.00 |
| Jun 30, 2023 | 700,000.00 |
| Mar 31, 2023 | 209,000.00 |
| Mar 31, 2012 | 27,305.00 |