Filing Flows › Riot Platforms (RIOT) › Q1 2026
Riot Platforms (RIOT) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Riot Platforms (RIOT) reported revenue of $167M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +9% from the quarter before. Operating margin was -298.9%, net loss $500M (299.1% of revenue).
Riot Platforms, Q1 2026: revenue $167M (+4% year over year), operating margin -298.9%, net loss $500M, operating cash flow −$183M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167M | +9% | +4% |
| Operating profit | −$500M | — | — |
| Net earnings | −$500M | — | -269% |
| Operating cash flow | −$183M | — | — |
What changed
Revenue was $167.2M in Q1 2026, up 4% year over year and up 9% from the previous quarter. Bitcoin Mining was the largest line at 67% of revenue. Engineering added $8.3M year over year (up 59%), 142% of the total change. Bitcoin Mining declined 22%.
Operating costs exceeded revenue by $499.9M, an operating margin of -298.9%. Total costs grew 69% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+82%). The quarter ended with a net loss of $500.2M, narrower than the previous quarter's $633.3M loss.
Operating cash flow was −$182.7M. Non-cash charges added back $97.7M of depreciation and amortization and $39.2M of share-based compensation. Working capital and other items added $180.6M. Capital expenditures of $115.5M exceeded it, leaving free cash flow of −$298.1M.
Questions
What was Riot Platforms' revenue in the first quarter 2026?
Riot Platforms (RIOT) reported revenue of $167M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +9% from the quarter before.
Was Riot Platforms profitable in the first quarter 2026?
Operating loss was $500M (-298.9% of revenue) and net loss $500M.
Source: Riot Platforms 10-Q on SEC EDGAR.