Company / R&D Expense
MARA Holdings, Inc. R&D Expense History
FY2023-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$30.1M
FY2025
5-year range
$2.8M / $30.1M
FY2023-FY2025
Trend
+127.7%
vs FY2024
Sector context
#239 of 264
Information Technology
What the data says
Among 264 Information Technology companies, MARA Holdings, Inc. is in the bottom 9% for r&d expense. Improved from $3M to $30M over the past 2 years.
Based on SEC 10-K filings.
$30M in FY2025.
Improved from $3M to $30M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 9% in Information TechnologyTop 91% of 264This company $30.1M Sector average $924.6M
▼
-96.7% below sector average
Key checks
Key Insights
- In FY2025, r&d expense increased 127.7% year-over-year.
- Ranks #239 out of 264 companies in the Information Technology sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -0.16 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $30.1M | +127.7% |
| FY2024 | $13.2M | +370.4% |
| FY2023 | $2.8M | - |
| FY2022 | - | - |
| FY2021 | - | - |
| FY2020 | - | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026