MARA Holdings (MARA) r&d spend was $30M in FY2025 (+128% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$30M
+128%
2024
$13M
+370%
2023
$3M
+2769%
2022
$98,000
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$7M
Q1 2026
$8M
Q4 2025
$4M
Q3 2025
$9M
Q2 2025
$9M
Q1 2025
$9M
Q4 2024
$4M
Q3 2024
$3M
Q2 2024
$4M
Q1 2024
$2M
Q4 2023
$1M
Q3 2023
$713,000
Source: MARA on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.