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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |