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
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