Riot Platforms (RIOT) Operating Expenses (2010 - 2026)
Riot Platforms (RIOT) recorded quarterly Operating Expenses of $667.1 million in Q1 2026, down 20.33% quarter-over-quarter from $837.3 million in Q4 2025, and up 68.77% on a YoY basis from $395.3 million in Q1 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 was $667.1 million for Q1 2026 at Riot Platforms, down from $837.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $837.3 million in Q4 2025 to a low of -$124.6 million in Q1 2024.
- Historically, Operating Expenses has averaged $192.7 million across 5 years, with a median of $108.9 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 323.13% in 2024, then jumped 1934.46% in 2025.
- A 5-year view of Operating Expenses shows it stood at $222.6 million in 2022, then plunged by 80.01% to $44.5 million in 2023, then slumped by 202.56% to -$45.6 million in 2024, then surged by 1934.46% to $837.3 million in 2025, then declined by 20.33% to $667.1 million in 2026.
- The last three Operating Expenses figures came in at $667.1 million (Q1 2026), $837.3 million (Q4 2025), and $100.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 242.35 Mn |
| 10 | Riot Platforms | 8.77 Bn | 8.47 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 |