Revenue Growth Remains Modest
Total revenue grew 3.6% YoY to $167.2M in Q1 FY2026 from $161.4M in the prior-year period, suggesting limited top-line momentum despite ongoing Bitcoin mining operations and data center hosting activities.
Riot Platforms, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: RIOT reported a modest 3.6% revenue increase to $167.2M in Q1 FY2026, but operating losses deepened sharply to -$499.9M (down 113.7% YoY), driven by surging costs and impairments, resulting in a net loss of -$500.5M and EPS of -$1.44.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue grew 3.6% YoY to $167.2M in Q1 FY2026 from $161.4M in the prior-year period, suggesting limited top-line momentum despite ongoing Bitcoin mining operations and data center hosting activities.
Operating loss widened dramatically to -$499.9M from -$233.9M in Q1 FY2025, a 113.7% deterioration YoY, with operating margin collapsing to -298.9% from -144.9%, indicating significant cost pressures or non-cash charges such as impairments overwhelming revenue.
Selling, General & Administrative expenses increased 6.6% YoY to $76.2M from $71.4M, reflecting ongoing overhead growth that outpaced revenue expansion and contributed to margin compression.
Revenue
$167.22M
++3.61% YoY
EPS (Basic)
$-1.44
-60.00% YoY
Operating Income
$-499.87M
-113.73% YoY
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