Riot Platforms (RIOT) Operating Expenses (2010 - 2026)
Riot Platforms (RIOT) posted Operating Expenses of $413.7 million for Q2 2026, down 37.99% on a QoQ basis from $667.1 million in Q1 2026, and up 754.97% year-over-year from $48.4 million in Q2 2025.
Analysis
Riot Platforms (RIOT) Operating Expenses (2010 - 2026) Analysis & Trends
Riot Platforms has reported Operating Expenses for 13 years, with the latest figure at $413.7 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 754.97% year-over-year to $413.7 million in Q2 2026; TTM through Jun 2026 was $2.0 billion, a 309.58% increase from a year earlier, with the FY2025 full-year figure at $1.3 billion, up 469.15% from the prior year.
- Operating Expenses was $413.7 million for Q2 2026 at Riot Platforms, down from $667.1 million in the prior quarter.
- The five-year high for Operating Expenses was $837.3 million in Q4 2025, with the low at -$124.6 million in Q1 2024.
- Average Operating Expenses over 5 years is $204.9 million, with a median of $121.7 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 323.13% in 2024, then surged 1934.46% in 2025.
- Over 5 years, Operating Expenses stood at $222.6 million in 2022, then tumbled by 80.01% to $44.5 million in 2023, then sank by 202.56% to -$45.6 million in 2024, then soared by 1934.46% to $837.3 million in 2025, then plunged by 50.6% to $413.7 million in 2026.
- The last three Operating Expenses figures came in at $413.7 million (Q2 2026), $667.1 million (Q1 2026), and $837.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | 52.67 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 128.25 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 78.04 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 413.67 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | 695.95 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | 370.41 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -93.21 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | 31.31 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 18.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 413.67 Mn |
| Mar 31, 2026 | 667.09 Mn |
| Dec 31, 2025 | 837.32 Mn |
| Sep 30, 2025 | 100.18 Mn |
| Jun 30, 2025 | -63.16 Mn |
| Mar 31, 2025 | 395.26 Mn |
| Dec 31, 2024 | -45.64 Mn |
| Sep 30, 2024 | 206.30 Mn |
| Jun 30, 2024 | 187.06 Mn |
| Mar 31, 2024 | -124.65 Mn |
| Dec 31, 2023 | 44.50 Mn |
| Sep 30, 2023 | 134.44 Mn |
| Jun 30, 2023 | 108.92 Mn |
| Mar 31, 2023 | 55.86 Mn |
| Dec 31, 2022 | 222.59 Mn |
| Sep 30, 2022 | 82.17 Mn |
| Jun 30, 2022 | 426.19 Mn |
| Mar 31, 2022 | 40.93 Mn |
| Dec 31, 2021 | 109.45 Mn |
| Sep 30, 2021 | 75.65 Mn |