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% quarter-over-quarter from $837.3 million in Q4 2025.

Riot Platforms (RIOT) Operating Expenses (2010 - 2026) Analysis & Trends

Riot Platforms' Operating Expenses history runs 13 years deep, the most recent figure standing at $667.1 million for 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 for Q1 2026 stood at $667.1 million, 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.
  • The 5-year median for Operating Expenses is $108.9 million (2023), against an average of $192.7 million.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 323.13% in 2024, then soared 1934.46% in 2025.
  • Riot Platforms' 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 jumped by 1934.46% to $837.3 million in 2025, then dropped by 20.33% to $667.1 million in 2026.
  • Business Quant data shows RIOT's Operating Expenses at $667.1 million in Q1 2026, $837.3 million in Q4 2025, and $100.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Riot Platforms 8.17 Bn 7.89 Bn 80.46 Mn 667.09 Mn

Historic Data

Download Data
DateValue
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