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
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