Quick Answer
MARA Holdings, Inc. reported R&D Expense of $30.12 million for fiscal year 2025.
MARA Holdings, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $30.12M | +127.7% |
| 2024 | $13.23M | +370.4% |
| 2023 | $2.81M | +2769.4% |
| 2022 | $98.0K | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $8.72M | +209.8% | +2.0% |
| June 30, 2025 | $8.55M | +122.3% | -8.1% |
| March 31, 2025 | $9.30M | +277.0% | +230.5% |
| September 30, 2024 | $2.81M | +294.5% | -26.8% |
| June 30, 2024 | $3.85M | +490.6% | +55.9% |
| March 31, 2024 | $2.47M | +1079.9% | +245.9% |
| September 30, 2023 | $713.0K | — | +9.5% |
| June 30, 2023 | $651.0K | — | +211.5% |
- MARA Holdings, Inc. showed an increase of +127.7% in R&D Expense compared to the prior fiscal year.
- Over the 2022–2025 period, MARA Holdings, Inc.’s r&d expense has grown by 30631.6% (from $98.0 thousand to $30.12 million).
- The most recent figure is from MARA Holdings, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 2, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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