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Mara Holdings (MARA) R&D spending by quarter

Mara Holdings' R&D spending was $7.2M in Q2 2026 (second quarter 2026), -13% from Q1 2026. Over the last 5 quarters it ranged from $3.6M (Q4 2025) to $9.3M (Q1 2025).

Mara Holdings R&D spending by quarterMara Holdings R&D spending by quarter$9.3MQ1 2025$8.7MQ3 2025$3.6MQ4 2025$8.2MQ1 2026$7.2MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$7.2M-13%—
Q1 2026$8.2M+132%-11%
Q4 2025$3.6M-59%—
Q3 2025$8.7M-6%—
Q1 2025$9.3M——

Q2 2026 at a glance

Mara Holdings, Q2 2026: revenue $175M (-27% year over year), operating margin -298.0%, net loss $611M, operating cash flow −$224M. The chart follows the revenue to costs, profit and cash.

Questions

What is Mara Holdings' R&D spending?

Mara Holdings' R&D spending was $7.2M in Q2 2026 (second quarter 2026), -13% from Q1 2026.

How has Mara Holdings' R&D spending changed?

Over the last 5 quarters it ranged from $3.6M (Q4 2025) to $9.3M (Q1 2025).

Q2 2026 results → · How Mara Holdings makes money →