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Riot Platforms, Inc. RIOT Data Centers — Tenant Fit Out Costs

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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 riot:TenantFitOutCosts.

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 data centers — tenant fit out costs?
Riot Platforms, Inc. (RIOT) reported data centers — tenant fit out costs of $30.69M in Q1 2026.
What does data centers — tenant fit out costs mean?
This metric represents the capital expenditures or direct costs associated with preparing and customizing data center space for specific third-party tenants. These costs include electrical upgrades, cooling installations, and rack configuration to meet client-specific requirements. It is a key indicator of the capital intensity required to onboard new hosting clients.

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