RIOT Riot Platforms (RIOT) Q2 FY26 earnings call
Riot Platforms significantly advanced its data center strategy in Q2 FY26, securing a major 191 MW lease with a frontier AI lab and placing its 1 GW Corsicana site under LOI. The company is leveraging its power-first approach and vertical integration to rapidly deliver mission-critical AI infrastructure, funding expansion through strategic Bitcoin sales and project-level financing.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
RIOT operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog Engineering | $224.6MEngineering backlog reached a record $224.6 million at the end of 2025, up dramatically from $55.9 million at the end of 2024, representing a 302% increase over the course of the year.Source: earnings call transcript | $193.4MEngineering backlog stood at $193.4 million during the quarter, with approximately 90% of backlog continuing to be driven by Data Center sector demand.Source: earnings call transcript | $177.1MEngineering revenue was $37.3 million in the quarter, more than triple the $10.6 million from a year ago, while gross margin expanded from approximately 7% to over 27%, with the data center sector representing approximately 90% of our $177.1 million backlog.Source: earnings call transcript | -8.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.