Riot Platforms (RIOT) Cost of Revenue (2010 - 2026)
Riot Platforms (RIOT) recorded quarterly Cost of Revenue of $86.8 million in Q1 2026, up 470.78% quarter-over-quarter from -$23.4 million in Q4 2025, and up 634.9% on a YoY basis from $11.8 million in Q1 2025.
Riot Platforms (RIOT) Cost of Revenue (2010 - 2026) Analysis & Trends
Riot Platforms' Cost of Revenue history runs 13 years deep, the most recent figure standing at $86.8 million for 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 was $86.8 million for Q1 2026 at Riot Platforms, up from -$23.4 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $86.8 million in Q1 2026 to a low of -$74.8 million in Q4 2022.
- Historically, Cost of Revenue has averaged $20.8 million across 5 years, with a median of $13.9 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue slumped 356.05% in 2022, then soared 634.9% in 2026.
- A 5-year view of Cost of Revenue shows it 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 sank by 267.92% to -$23.4 million in 2025, then jumped by 470.78% to $86.8 million in 2026.
- The last three Cost of Revenue figures came in at $86.8 million (Q1 2026), -$23.4 million (Q4 2025), and $13.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 107.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | - |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 6.62 Mn |
| 10 | Riot Platforms | 8.94 Bn | 8.64 Bn | 80.46 Mn | 86.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |