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Riot Platforms, Inc. RIOT Mining — Cost Of Revenue

Other product segments

Data Centers Operations
$30.77M
Engineering
$18.14M+53.7%

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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:CostOfRevenue.

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
Total revenue167,219161,387
Costs and expenses:
Cost of revenue (excludes depreciation and amortization presented below):
Bitcoin Mining86,76274,818
Data Center30,773
Engineering18,14111,806
Other8,965
Acquisition-related costs76

Item 1. Financial Statements (Unaudited)

FAQ

What is Riot Platforms, Inc.'s mining — cost of revenue?
Riot Platforms, Inc. (RIOT) reported mining — cost of revenue of $86.76M in Q1 2026.
How has Riot Platforms, Inc.'s mining — cost of revenue changed year-over-year?
Riot Platforms, Inc.'s mining — cost of revenue increased by 16.0% year-over-year, from $74.82M to $86.76M.
What is the long-term trend for Riot Platforms, Inc.'s mining — cost of revenue?
Over 3 years (2022 to 2025), Riot Platforms, Inc.'s mining — cost of revenue has grown at a 65.8% compound annual growth rate (CAGR), from $74.34M to $339.01M.
What does mining — cost of revenue mean?
This metric represents the total direct costs associated with generating revenue within the mining segment, including energy consumption, site operations, and hardware maintenance. It provides a comprehensive view of the expenses required to maintain the mining infrastructure and generate digital assets. Monitoring this metric is critical for evaluating the gross profitability of the mining operations.

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