Riot Platforms, Inc. (RIOT) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
RIOT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
RIOT Revenue Analysis (2013–2024)
As of March 1, 2026, Riot Platforms, Inc. (RIOT) generated trailing twelve-month (TTM) revenue of $637.2 million, reflecting explosive growth of +112.6% year-over-year. The most recent quarter (Q3 2025) recorded $180.2 million in revenue, up 17.8% sequentially.
Looking at the longer-term picture, RIOT's 5-year compound annual growth rate (CAGR) stands at +123.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $376.7 million in 2024, representing a new all-time high.
Revenue diversification analysis shows RIOT's business is primarily driven by Bitcoin Mining Segment (87%), and Engineering Segment (13%). With over half of revenue concentrated in Bitcoin Mining Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including IREN, BMNR, and WULF. Compare RIOT vs IREN →
Peer Comparison
Compare RIOT's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RIOTCurrent | $637M | +112.6% | +123.0% | 40.8% | |
| IREN | $501M | - | - | 3.5% | |
| BMNR | $6M | - | - | 7288.1% | |
| WULF | $140M | - | - | -54.4% | |
| CIFR | $224M | - | - | -76.7% | |
| HUT | $235M | - | - | -136.9% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $376.7M | - | $113.9M | 30.2% | $153.6M | 40.8% |
| 2023 | $280.7M | - | $26.3M | 9.4% | $-63,047,000 | -22.5% |
| 2022 | $259.2M | - | $65.5M | 25.3% | $-512,701,000 | -197.8% |
| 2021 | $213.2M | - | $131.2M | 61.5% | $-29,870,000 | -14.0% |
| 2020 | $12.1M | - | $5.8M | 48.3% | $-15,544,000 | -128.7% |
| 2019 | $6.8M | - | $740K | 10.8% | $-9,417,000 | -137.7% |
| 2018 | $7.8M | - | $2.0M | 25.8% | $-59,366,000 | -756.7% |
| 2017 | $270K | - | $244K | 90.7% | $-13,154,482 | -4878.2% |
| 2016 | $106K | - | $103K | 97.1% | $-6,307,133 | -5943.7% |
| 2015 | $198K | - | $168K | 84.6% | $-8,748,711 | -4416.6% |
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Start ComparisonFrequently Asked Questions
Is RIOT's revenue growth accelerating or slowing?
RIOT revenue is accelerating at +112.6% year-over-year, exceeding the 5-year CAGR of +123.0%. TTM revenue reached $637M. Growth momentum has increased versus prior periods.
What is RIOT's long-term revenue growth rate?
Riot Platforms, Inc.'s 5-year revenue CAGR of +123.0% reflects the sustained expansion pattern. Current YoY growth of +112.6% is above this long-term average.
How is RIOT's revenue distributed by segment?
RIOT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.