MARA Holdings, Inc. (MARA): R&D Expense

Annual figures by period end, from SEC filings.

$30.12M

Year ended 2025-12-31

$27.69M

Trailing 12 months to 2026-06-30

n/m

3-year compound annual growth

2022-12-31 R&D Expense (USD) 2025-12-31

Period ended	R&D Expense	Change YoY	Source filing
2025-12-31	$30.12M	+127.7%	2026-03-02, From 2025-01-01
2024-12-31	$13.23M	+370.4%	2026-03-02, From 2024-01-01
2023-12-31	$2.81M	n/m	2026-03-02, From 2023-01-01
2022-12-31	$98.0K	n/a	2025-03-03, From 2022-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Finance Services), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

Company	Year ended	R&D Expense	Change YoY
MARA Holdings, Inc. (MARA)	2025-12-31	$30.12M	+127.7%
Yiren Digital Ltd. (YRD)	2025-12-31	$58.14M	+3.0%
Upstart Holdings, Inc. (UPST)	2025-12-31	$257.60M	+1.6%
Pagaya Technologies Ltd. (PGY)	2025-12-31	$75.21M	-1.8%
Canaan Inc. (CAN)	2025-12-31	$63.15M	+3.0%
Bitfufu Inc. (FUFU)	2025-12-31	$2.54M	-54.6%
Strategy Inc (MSTR)	2025-12-31	$93.86M	-20.8%
Resolute Holdings Management, Inc. (RHLD)	2025-12-31	$6.57M	-11.8%
Chime Financial, Inc. (CHYM)	2025-12-31	$934.92M	+202.0%

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