Filing Flows › Riot Platforms (RIOT) › Q3 2026
Riot Platforms (RIOT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Riot Platforms (RIOT) reported revenue of $181M for the third quarter 2026 (Q3 2026), +0.7% from a year earlier and +4% from the quarter before. Operating margin was 0.7%, net earnings $4.0M (2.2% of revenue).
Riot Platforms, Q3 2026: revenue $181M (+0.7% year over year), operating margin 0.7%, net earnings $4.0M, operating cash flow −$214M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181M | +4% | +0.7% |
| Operating profit | $1.2M | — | -98% |
| Net earnings | $4.0M | — | -96% |
| Operating cash flow | −$214M | — | — |
What changed
Revenue was $181.4M in Q3 2026, up 1% year over year and up 4% from the previous quarter. Bitcoin Mining was the largest line at 64% of revenue. Engineering added $27.9M year over year (up 146%), 2332% of the total change. Bitcoin Mining declined 28%.
Operating profit was $1.2M, a 0.7% margin (down 43.7 points year over year). Operating profit fell $78.8M even though revenue rose $1.2M versus Q3 2025, so costs grew faster than sales. Total costs grew 80% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+270%). Net earnings were $4.0M, down 96% year over year. The effective tax rate was 0.0%. Non-operating items added $2.9M, 70% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$214.3M. Non-cash charges added back $123.9M of depreciation and amortization and $21.1M of share-based compensation. Working capital and other items used $363.4M. Capital expenditures of $49.8M exceeded it, leaving free cash flow of −$264.1M.
Questions
What was Riot Platforms' revenue in the third quarter 2026?
Riot Platforms (RIOT) reported revenue of $181M for the third quarter 2026 (Q3 2026), +0.7% from a year earlier and +4% from the quarter before.
Was Riot Platforms profitable in the third quarter 2026?
Operating profit was $1.2M (0.7% of revenue) and net earnings $4.0M.
Source: Riot Platforms 10-Q on SEC EDGAR.