MARA Holdings (MARA) Research & Development (2012 - 2026)
MARA Holdings' (MARA) quarterly Research & Development came in at $8.2 million in Q1 2026, down 11.29% year-on-year from $9.3 million in Q1 2025, and up 131.88% quarter-over-quarter from $3.6 million in Q4 2025.
MARA Holdings (MARA) Research & Development (2012 - 2026) Analysis & Trends
MARA Holdings has disclosed Research & Development across 5 years of filings, most recently posting $8.2 million for Q1 2026.
- Research & Development for Q1 2026 came in at $8.2 million, down 11.29% year-over-year; the trailing twelve-month figure through Mar 2026 was $29.0 million (up 44.95% YoY), and the FY2025 annual result was $30.1 million, up 128.16% from the prior year.
- Research & Development came in at $8.2 million for Q1 2026 at MARA Holdings, up from $3.6 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.
- The 4-year median for Research & Development is $3.6 million (2025), against an average of $4.2 million.
- Across the five-year window, Research & Development jumped 1079.9% in 2024 and dropped 13.24% in 2025, its largest moves.
- MARA Holdings' Research & Development stood at $1.2 million in 2023, then surged by 230.91% to $4.1 million in 2024, then decreased by 13.24% to $3.6 million in 2025, then soared by 131.88% to $8.2 million in 2026.
- The last three Research & Development figures came in at $8.2 million (Q1 2026), $3.6 million (Q4 2025), and $8.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 1.15 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 583.00 Mn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 241.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 23.47 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 39.55 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | - |
| 10 | MARA Holdings | 5.24 Bn | 4.80 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 |