MARA Holdings (MARA) Research & Development (2012 - 2026)
MARA Holdings' Research & Development came in at $7.17 million for Q2 2026, down 16.1% from $8.55 million a year earlier and down 13.0% from the prior quarter.
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Analysis
MARA Holdings (MARA) Research & Development (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, MARA Holdings reported Research & Development of $27.65 million, up 11.7% year-over-year; for FY2025, it came in at $30.12 million, up 127.7% from FY2024.
- Research & Development carries a three-year compound annual growth rate of 570.3% (FY2022 to FY2025).
- Going back by year, Research & Development was $13.23 million in FY2024 (+370.4%), $2.81 million in FY2023 and $100,000 in FY2022.
- The five-year range for quarterly Research & Development is $209,000 (Q1 2023) to $9.3 million (Q1 2025).
- Year-over-year, Research & Development has declined for three consecutive quarters, with growth averaging 136.9% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q2 2024 (growth of 449.3%), and the weakest in Q2 2026 (a decline of 16.1%).
- Business Quant data shows MARA's Research & Development at $8.25 million (Q1 2026), $3.52 million (Q4 2025) and $8.72 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.67 Bn | 7.89 Bn | - | 849.00 Mn |
| 2 | Block | 46.56 Bn | 17.86 Bn | 3.17 Bn | 608.66 Mn |
| 3 | Coinbase Global | 45.63 Bn | 2.44 Bn | - | 472.85 Mn |
| 4 | Corpay | 26.17 Bn | 16.06 Bn | - | - |
| 5 | Fiserv | 25.31 Bn | 21.98 Bn | 2.90 Bn | - |
| 6 | Global Payments | 22.57 Bn | 361.32 Mn | 2.03 Bn | - |
| 7 | Guidewire Software | 14.23 Bn | 10.79 Bn | 269.68 Mn | 90.59 Mn |
| 8 | Bitmine Immersion Technologies | 11.95 Bn | 9.33 Bn | 40.81 Mn | - |
| 9 | Chime Financial | 11.27 Bn | 7.06 Bn | 594.87 Mn | 112.11 Mn |
| 10 | MARA Holdings | 2.88 Bn | 572.29 Mn | - | 7.17 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 |
API Access
MARA Holdings Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=MARA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MARA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=MARA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();