Riot Platforms (RIOT) Cost of Revenue (2010 - 2026)
Riot Platforms (RIOT) posted Cost of Revenue of $89.3 million for Q2 2026, up 2.88% on a QoQ basis from $86.8 million in Q1 2026, and up 14.18% year-over-year from $78.2 million in Q2 2025.
Analysis
Riot Platforms (RIOT) Cost of Revenue (2010 - 2026) Analysis & Trends
Riot Platforms has reported Cost of Revenue for 13 years, with the latest figure at $89.3 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 14.18% year-over-year to $89.3 million in Q2 2026; TTM through Jun 2026 was $362.0 million, a 33.9% increase from a year earlier, with the FY2025 full-year figure at $339.0 million, up 79.16% from the prior year.
- Cost of Revenue was $89.3 million for Q2 2026 at Riot Platforms, up from $86.8 million in the prior quarter.
- The five-year high for Cost of Revenue was $95.8 million in Q3 2025, with the low at $35.3 million in Q2 2024.
- Average Cost of Revenue over 5 years is $64.6 million, with a median of $63.6 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue soared 505.63% in 2022, then plunged 44.85% in 2024.
- Over 5 years, Cost of Revenue stood at $57.0 million in 2022, then grew by 11.29% to $63.5 million in 2023, then climbed by 3.87% to $65.9 million in 2024, then jumped by 36.9% to $90.3 million in 2025, then slipped by 1.1% to $89.3 million in 2026.
- The last three Cost of Revenue figures came in at $89.3 million (Q2 2026), $86.8 million (Q1 2026), and $90.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | 5.73 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 33.34 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 26.89 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 89.26 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | - |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | 85.48 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | 237.31 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | 117.18 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 108.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 89.26 Mn |
| Mar 31, 2026 | 86.76 Mn |
| Dec 31, 2025 | 90.25 Mn |
| Sep 30, 2025 | 95.77 Mn |
| Jun 30, 2025 | 78.18 Mn |
| Mar 31, 2025 | 74.82 Mn |
| Dec 31, 2024 | 65.93 Mn |
| Sep 30, 2024 | 51.47 Mn |
| Jun 30, 2024 | 35.28 Mn |
| Mar 31, 2024 | 47.10 Mn |
| Dec 31, 2023 | 63.47 Mn |
| Sep 30, 2023 | 63.78 Mn |
| Jun 30, 2023 | 63.96 Mn |
| Mar 31, 2023 | 63.12 Mn |
| Dec 31, 2022 | 57.03 Mn |
| Sep 30, 2022 | 42.68 Mn |
| Jun 30, 2022 | 48.35 Mn |
| Mar 31, 2022 | 45.63 Mn |
| Dec 31, 2021 | 35.88 Mn |
| Sep 30, 2021 | 25.62 Mn |