MARA Holdings MARA
NASDAQ MARA
$11.98 +0.55 (+4.81%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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