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Riot Platforms, Inc. RIOT Bitcoin Mining — Gross Profit

Other segment segments

Engineering
$7.45M-11.7%
Data Centers
$2.38M

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Other financials

Income statement

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Revenue$167.2M+3.6%
Operating income-$499.9M-114%
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:GrossProfit.

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 itemBitcoin MiningData CenterEngineeringTotal
Compensation5,045585,103
Insurance on miners1,4621,462
Water and property tax5,6565,656
Tenant fit-out costs30,68830,688
Materials21,52521,525
Labor2,7652,765
Other segment items(a)2,2828,17510,457
Segment gross profit (loss)$25,133$2,377$7,447$34,957

Item 1. Financial Statements (Unaudited)

FAQ

What is Riot Platforms, Inc.'s bitcoin mining — gross profit?
Riot Platforms, Inc. (RIOT) reported bitcoin mining — gross profit of $25.13M in Q1 2026.
How has Riot Platforms, Inc.'s bitcoin mining — gross profit changed year-over-year?
Riot Platforms, Inc.'s bitcoin mining — gross profit decreased by 63.1% year-over-year, from $68.04M to $25.13M.
What is the long-term trend for Riot Platforms, Inc.'s bitcoin mining — gross profit?
Over 3 years (2022 to 2025), Riot Platforms, Inc.'s bitcoin mining — gross profit has grown at a 42.2% compound annual growth rate (CAGR), from $82.54M to $237.27M.
What does bitcoin mining — gross profit mean?
The difference between mining revenues and the direct costs of production, such as power, hosting, and direct labor. It measures the fundamental profitability of the mining operations before corporate overhead.

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