Riot Platforms (RIOT) Operating Expenses (2010 - 2026)
Riot Platforms (RIOT) posted quarterly Operating Expenses of $667.1 million for Q1 2026, up 68.77% year-over-year from $395.3 million in Q1 2025, and down 20.33% on a QoQ basis from $837.3 million in Q4 2025.
Riot Platforms (RIOT) Operating Expenses (2010 - 2026) Analysis & Trends
Riot Platforms (RIOT) has reported Operating Expenses for 13 consecutive years, with $667.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 68.77% year-over-year to $667.1 million; the TTM figure through Mar 2026 stood at $1.5 billion (up 107.47% YoY), while the FY2025 annual figure was $1.3 billion, up 469.15% from the prior year.
- Operating Expenses came in at $667.1 million for Q1 2026 at Riot Platforms, down from $837.3 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 $192.7 million, with a median of $108.9 million recorded in 2023.
- Across the five-year window, Operating Expenses sank 323.13% in 2024 and jumped 1934.46% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $222.6 million in 2022, then sank by 80.01% to $44.5 million in 2023, then tumbled by 202.56% to -$45.6 million in 2024, then surged by 1934.46% to $837.3 million in 2025, then decreased by 20.33% to $667.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $667.1 million, $837.3 million, and $100.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Riot Platforms | 8.33 Bn | 8.03 Bn | 80.46 Mn | 667.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 39.80 Mn |