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| Date | Value |
|---|---|
| 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 |