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
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