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Dave vs Riot Platforms: DAVE and RIOT compared
Dave is the larger company: $198M of revenue in its latest quarter (Q3 2026) against $181M for Riot Platforms (Q3 2026). Dave is growing faster (+31% against +0.7% a year earlier). Dave is more profitable, with an operating margin of 37.7% against 0.7%.
Where the money goes: DAVE and RIOT
Dave (DAVE) · Q3 2026
Dave, Q3 2026: revenue $198M (+31% year over year), operating margin 37.7%, net earnings $63.8M, operating cash flow $81.4M. The chart follows the revenue to costs, profit and cash.
Riot Platforms (RIOT) · Q3 2026
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.
| Dave (DAVE) | Riot Platforms (RIOT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $198M | $181M |
| Revenue growth, Y/Y | +31% | +0.7% |
| Operating margin | 37.7% | 0.7% |
| Net earnings | $63.8M | $4.0M |
| Net margin | 32.3% | 2.2% |
| Operating cash flow | $81.4M | −$214M |
| Market value | — | $6.2B |
| Analysts’ mean target | — | $28.34 |
Where the revenue comes from
Dave
- Service Based Revenue: $186M (94%)
- Interchange Revenue Net: $6.4M (3%)
- Transaction Based Revenue Other Net: $4.3M (2%)
Riot Platforms
- Bitcoin Mining: $116M (64%)
- Engineering: $47.0M (26%)
- Data Center: $18.4M (10%)
Questions
Which is bigger, Dave or Riot Platforms?
Dave is the larger company: $198M of revenue in its latest quarter (Q3 2026) against $181M for Riot Platforms (Q3 2026).
Is Dave or Riot Platforms growing faster?
Dave is growing faster (+31% against +0.7% a year earlier).
Which is more profitable, Dave or Riot Platforms?
Dave is more profitable, with an operating margin of 37.7% against 0.7%.
More: Dave earnings · how Dave makes money · Riot Platforms earnings · how Riot Platforms makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.