Riot Platforms RIOT
NASDAQ RIOT
$21.47 +0.52 (+2.48%)
At close: Sep 11, 2026 · 4:00 PM EDT

Riot Platforms (RIOT) Gross Margin (2010 - 2026)

Riot Platforms (RIOT) posted Gross Margin of 48.77% for Q2 2026, up 1.36% on a QoQ basis from 48.11% in Q1 2026, and down 13.0% year-over-year from 56.06% in Q2 2025.

Analysis

Riot Platforms (RIOT) Gross Margin (2010 - 2026) Analysis & Trends

Riot Platforms has reported Gross Margin for 13 years, with the latest figure at 48.77% in Q2 2026.

  • On a quarterly basis, Gross Margin fell 13.0% year-over-year to 48.77% in Q2 2026; TTM through Jun 2026 was 46.33%, a 376.0% decrease from a year earlier, with the FY2025 full-year figure at 47.64%, down 212.0% from the prior year.
  • Gross Margin was 48.77% for Q2 2026 at Riot Platforms, up from 48.11% in the prior quarter.
  • The five-year high for Gross Margin was 53.75% in Q4 2024, with the low at 22.91% in Q3 2023.
  • Average Gross Margin over 5 years is 32.61%, with a median of 40.77% recorded in 2025.
  • The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 5534 bps in 2022, then surged 6220 bps in 2024.
  • Over 5 years, Gross Margin stood at 5.18% in 2022, then soared by 276 bps to 19.47% in 2023, then surged by 176 bps to 53.75% in 2024, then dropped by 24 bps to 40.95% in 2025, then advanced by 19 bps to 48.77% in 2026.
  • The last three Gross Margin figures came in at 48.77% (Q2 2026), 48.11% (Q1 2026), and 40.95% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Bitmine Immersion Technologies 57.18 Bn 56.84 Bn 40.81 Mn 87.70%
2 Iren 33.35 Bn 25.78 Bn 103.89 Mn 75.71%
3 Hut 8 12.15 Bn 5.67 Bn 48.04 Mn 64.11%
4 Riot Platforms 8.12 Bn 7.57 Bn 84.97 Mn 48.77%
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 - -
8 Bitdeer Technologies 2.82 Bn 2.36 Bn -8.53 Mn -3.73%
9 Keel Infrastructure 2.20 Bn 2.20 Bn -86.75 Mn -285.09%
10 HIVE Digital Technologies 831.06 Mn 592.03 Mn -29.49 Mn -37.27%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 48.77%
Mar 31, 2026 48.11%
Dec 31, 2025 40.95%
Sep 30, 2025 46.86%
Jun 30, 2025 48.90%
Mar 31, 2025 53.64%
Dec 31, 2024 53.75%
Sep 30, 2024 39.29%
Jun 30, 2024 49.62%
Mar 31, 2024 40.60%
Dec 31, 2023 19.47%
Sep 30, 2023 -22.91%
Jun 30, 2023 16.65%
Mar 31, 2023 13.81%
Dec 31, 2022 5.18%
Sep 30, 2022 7.80%
Jun 30, 2022 33.71%
Mar 31, 2022 42.81%
Dec 31, 2021 60.52%
Sep 30, 2021 60.48%