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| 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 |