Riot Platforms (RIOT) Operating Expenses (2010 - 2026)
Riot Platforms' Operating Expenses was $413.67 million in Q2 2026, compared with -$63.16 million a year earlier and down 38.0% from the prior quarter.
Powered by 
Analysis
Riot Platforms (RIOT) Operating Expenses (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Riot Platforms' Operating Expenses was $2.02 billion through Jun 30, 2026, up 309.6% year-over-year; for FY2025, it was $1.27 billion, up 469.2% from FY2024.
- Operating Expenses shows a five-year compound annual growth rate of 115.0% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $223.07 million in FY2024 (-35.1%), $343.73 million in FY2023 (-55.5%), $771.87 million in FY2022 (+217.5%) and $243.11 million in FY2021 (+780.0%).
- Quarterly Operating Expenses has moved between -$124.65 million (Q1 2024) and $837.32 million (Q4 2025) over five years.
- The best year-over-year quarter for Operating Expenses over five years was Q2 2022 (growth of 970.9%); the worst was Q4 2023 (a decline of 80.0%).
- Per Business Quant data, RIOT's Operating Expenses in the three quarters before Q2 2026 was $667.09 million (Q1 2026), $837.32 million (Q4 2025) and $100.18 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 47.33 Bn | 6.03 Bn | - | 7.18 Bn |
| 2 | Block | 45.18 Bn | 16.44 Bn | 3.17 Bn | 2.72 Bn |
| 3 | Coinbase Global | 42.82 Bn | -377.68 Mn | - | 1.33 Bn |
| 4 | Corpay | 25.99 Bn | 16.19 Bn | - | 260.40 Mn |
| 5 | Fiserv | 25.45 Bn | 22.15 Bn | 2.90 Bn | 4.28 Bn |
| 6 | Global Payments | 22.22 Bn | 660.33 Mn | 2.03 Bn | 2.98 Bn |
| 7 | Iren | 21.94 Bn | 9.54 Bn | 103.89 Mn | 128.25 Mn |
| 8 | Guidewire Software | 13.70 Bn | 10.26 Bn | 269.68 Mn | 207.36 Mn |
| 9 | Bitmine Immersion Technologies | 12.80 Bn | 10.19 Bn | 40.81 Mn | 52.67 Mn |
| 10 | Riot Platforms | 5.46 Bn | 4.22 Bn | 41.24 Mn | 413.67 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 |
API Access
Riot Platforms Operating Expenses 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=operating-expenses&ticker=RIOT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=RIOT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();