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Riot Platforms, Inc. RIOT Operating Income

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$167.2M+3.6%
Net income-$500.5M-68.9%
EPS (diluted)-$1.44-60.0%

Balance sheet

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Cash & equivalents$205.7M+25.6%
Total debt$877.2M+41.8%
Total equity$2.4B-18.7%
Total assets$3.4B-7.6%

Cash flow

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Operating cash flow-$182.7M-49.6%
CapEx$115.5M+251%
Free cash flow-$298.1M-92.4%

Valuation

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Market cap$8.13B+88.6%
Enterprise value$8.8B+78.8%
P/S12.5×+4.5×

Profitability

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Gross margin62.4%
Operating margin-136%-835pp
Net margin-132.8%+148pp
FCF margin-140.4%+36.0pp

Returns & leverage

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Return on equity-32.5%-189pp
Debt / equity0.4×+0.2×
Current ratio1.1×-2.1×

Where this comes from

Reported directly by Riot Platforms, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Riot Platforms, Inc.’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 5:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-053120
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Change in fair value of contingent consideration(8,252)
Loss (gain) on sale of equipment129
Total costs and expenses667,088395,261
Operating income (loss)(499,869)(233,874)
Other income (expense):
Interest income2,3133,397
Interest expense(2,618)(2,308)
Loss on equity method investment - marketable securities(63,238)

Item 1. Financial Statements (Unaudited)

FAQ

What is Riot Platforms, Inc.'s operating income?
Riot Platforms, Inc. (RIOT) reported operating income of -$499.87M in Q1 2026.
How has Riot Platforms, Inc.'s operating income changed year-over-year?
Riot Platforms, Inc.'s operating income decreased by 113.7% year-over-year, from -$233.87M to -$499.87M.
What is the long-term trend for Riot Platforms, Inc.'s operating income?
Over 3 years (2021 to 2025), Riot Platforms, Inc.'s operating income has grown at a 175.1% compound annual growth rate (CAGR), from -$29.87M to -$622.17M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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