Riot Platforms (RIOT) Cost of Revenue (2010 - 2026)

Riot Platforms (RIOT) posted quarterly Cost of Revenue of $86.8 million for Q1 2026, up 634.9% year-over-year from $11.8 million in Q1 2025, and up 470.78% on a QoQ basis from -$23.4 million in Q4 2025.

Riot Platforms (RIOT) Cost of Revenue (2010 - 2026) Analysis & Trends

Riot Platforms (RIOT) has reported Cost of Revenue for 13 consecutive years, with $86.8 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Cost of Revenue rose 634.9% year-over-year to $86.8 million; the TTM figure through Mar 2026 stood at $80.1 million (down 6.32% YoY), while the FY2025 annual figure was $12.0 million, down 71.31% from the prior year.
  • Cost of Revenue came in at $86.8 million for Q1 2026 at Riot Platforms, up from -$23.4 million in the prior quarter.
  • The five-year high for Cost of Revenue was $86.8 million in Q1 2026, with the low at -$74.8 million in Q4 2022.
  • Average Cost of Revenue over 5 years is $20.8 million, with a median of $13.9 million recorded in 2024.
  • Across the five-year window, Cost of Revenue tumbled 356.05% in 2022 and soared 634.9% in 2026, its largest moves.
  • Year by year, Cost of Revenue stood at -$74.8 million in 2022, then surged by 104.39% to $3.3 million in 2023, then soared by 324.59% to $13.9 million in 2024, then slumped by 267.92% to -$23.4 million in 2025, then jumped by 470.78% to $86.8 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $86.8 million, -$23.4 million, and $13.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 107.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 6.62 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 39,000.00
10 Riot Platforms 8.33 Bn 8.03 Bn 80.46 Mn 86.76 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 86.76 Mn
Mar 31, 2026 86.76 Mn
Dec 31, 2025 -23.40 Mn
Dec 31, 2025 -23.40 Mn
Sep 30, 2025 13.71 Mn
Sep 30, 2025 13.71 Mn
Jun 30, 2025 3.01 Mn
Jun 30, 2025 3.01 Mn
Mar 31, 2025 11.81 Mn
Mar 31, 2025 11.81 Mn
Dec 31, 2024 13.94 Mn
Dec 31, 2024 13.94 Mn
Sep 30, 2024 51.47 Mn
Sep 30, 2024 51.47 Mn
Jun 30, 2024 8.26 Mn
Jun 30, 2024 8.26 Mn
Mar 31, 2024 4.54 Mn
Mar 31, 2024 4.54 Mn
Dec 31, 2023 3.28 Mn
Dec 31, 2023 3.28 Mn