Riot Platforms (RIOT) Gross Margin (2010 - 2026)
Riot Platforms' Gross Margin came in at 23.67% for Q2 2026, down 16.82 percentage points from 40.49% a year earlier but up 4.81 percentage points from the prior quarter.
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Analysis
Riot Platforms (RIOT) Gross Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Riot Platforms reported Gross Margin of 28.26%, down 7.38 percentage points year-over-year; for FY2025, it came in at 37.93%, up 7.69 percentage points from FY2024.
- Gross Margin carries a five-year change of +617.45 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 30.24% in FY2024 (+20.85 pp), 9.39% in FY2023 (-15.88 pp), 25.26% in FY2022 (-36.24 pp) and 61.50% in FY2021 (+641.02 pp).
- The five-year range for quarterly Gross Margin is -22.91% (Q3 2023) to 60.52% (Q4 2021).
- Year-over-year, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of +6.50 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2021 (a gain of 1433.66 percentage points), and the weakest in Q4 2022 (a drop of 55.34 percentage points).
- Business Quant data shows RIOT's Gross Margin at 18.86% (Q1 2026), 30.79% (Q4 2025) and 39.26% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 48.23 Bn | 6.45 Bn | - | - |
| 2 | Coinbase Global | 45.81 Bn | 2.61 Bn | - | - |
| 3 | Block | 44.79 Bn | 16.09 Bn | 3.17 Bn | 47.84% |
| 4 | Corpay | 26.32 Bn | 16.21 Bn | - | - |
| 5 | Fiserv | 24.44 Bn | 21.12 Bn | 2.90 Bn | 54.74% |
| 6 | Global Payments | 22.32 Bn | 110.29 Mn | 2.03 Bn | 61.04% |
| 7 | Guidewire Software | 13.88 Bn | 10.45 Bn | 269.68 Mn | 65.60% |
| 8 | Bitmine Immersion Technologies | 13.31 Bn | 10.69 Bn | 40.81 Mn | 87.70% |
| 9 | Iren | 11.27 Bn | -1.13 Bn | 103.89 Mn | 75.71% |
| 10 | Riot Platforms | 5.89 Bn | 4.65 Bn | 41.24 Mn | 23.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.67% |
| Mar 31, 2026 | 18.86% |
| Dec 31, 2025 | 30.79% |
| Sep 30, 2025 | 39.26% |
| Jun 30, 2025 | 40.49% |
| Mar 31, 2025 | 40.77% |
| Dec 31, 2024 | 37.52% |
| Sep 30, 2024 | 13.98% |
| Jun 30, 2024 | 23.39% |
| 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% |
API Access
Riot Platforms Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=RIOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "RIOT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=RIOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();