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Side-by-side financial comparison of Vita Coco Company, Inc. (COCO) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Vita Coco Company, Inc. is the larger business by last-quarter revenue ($179.8M vs $152.8M, roughly 1.2× Riot Platforms, Inc.). Vita Coco Company, Inc. runs the higher net margin — 17.0% vs -452.0%, a 468.9% gap on every dollar of revenue. On growth, Vita Coco Company, Inc. posted the faster year-over-year revenue change (37.3% vs 7.2%). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 11.7%).
The Vita Coco Company, doing business simply as Vita Coco, is an American beverage company which mainly sells coconut water. The largest brand globally in coconut/plant waters, Vita Coco has operations in 31 countries as of 2016. It is a benefit corporation. The company is owned by All Market Inc.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
COCO vs RIOT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $152.8M |
| Net Profit | $30.5M | $-690.7M |
| Gross Margin | 39.9% | — |
| Operating Margin | 18.7% | -447.9% |
| Net Margin | 17.0% | -452.0% |
| Revenue YoY | 37.3% | 7.2% |
| Net Profit YoY | 61.4% | -606.3% |
| EPS (diluted) | $0.50 | $-1.89 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $179.8M | — | ||
| Q4 25 | $127.8M | $152.8M | ||
| Q3 25 | $182.3M | $180.2M | ||
| Q2 25 | $168.8M | $153.0M | ||
| Q1 25 | $130.9M | $161.4M | ||
| Q4 24 | $127.3M | $142.6M | ||
| Q3 24 | $132.9M | $84.8M | ||
| Q2 24 | $144.1M | $70.0M |
| Q1 26 | $30.5M | — | ||
| Q4 25 | $5.5M | $-690.7M | ||
| Q3 25 | $24.0M | $104.5M | ||
| Q2 25 | $22.9M | $219.5M | ||
| Q1 25 | $18.9M | $-296.4M | ||
| Q4 24 | $3.4M | $136.4M | ||
| Q3 24 | $19.3M | $-154.4M | ||
| Q2 24 | $19.1M | $-84.4M |
| Q1 26 | 39.9% | — | ||
| Q4 25 | 34.9% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 36.7% | — | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 38.8% | — | ||
| Q2 24 | 40.8% | — |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 8.0% | -447.9% | ||
| Q3 25 | 15.3% | 44.4% | ||
| Q2 25 | 14.9% | — | ||
| Q1 25 | 14.7% | -144.9% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 15.5% | -143.3% | ||
| Q2 24 | 20.8% | -167.2% |
| Q1 26 | 17.0% | — | ||
| Q4 25 | 4.3% | -452.0% | ||
| Q3 25 | 13.2% | 58.0% | ||
| Q2 25 | 13.6% | 143.4% | ||
| Q1 25 | 14.4% | -183.6% | ||
| Q4 24 | 2.6% | 95.7% | ||
| Q3 24 | 14.5% | -182.1% | ||
| Q2 24 | 13.2% | -120.6% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.10 | $-1.89 | ||
| Q3 25 | $0.40 | $0.26 | ||
| Q2 25 | $0.38 | $0.58 | ||
| Q1 25 | $0.31 | $-0.90 | ||
| Q4 24 | $0.06 | $0.39 | ||
| Q3 24 | $0.32 | $-0.54 | ||
| Q2 24 | $0.32 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $201.9M | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $352.2M | $2.9B |
| Total Assets | $488.3M | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $201.9M | — | ||
| Q4 25 | $196.9M | $233.5M | ||
| Q3 25 | $203.7M | $330.7M | ||
| Q2 25 | $167.0M | $255.4M | ||
| Q1 25 | $153.6M | $163.7M | ||
| Q4 24 | $164.7M | $277.9M | ||
| Q3 24 | $156.7M | $355.7M | ||
| Q2 24 | $150.1M | $481.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — |
| Q1 26 | $352.2M | — | ||
| Q4 25 | $331.5M | $2.9B | ||
| Q3 25 | $323.7M | $3.5B | ||
| Q2 25 | $296.9M | $3.3B | ||
| Q1 25 | $277.9M | $2.9B | ||
| Q4 24 | $258.8M | $3.1B | ||
| Q3 24 | $252.1M | $2.7B | ||
| Q2 24 | $232.0M | $2.6B |
| Q1 26 | $488.3M | — | ||
| Q4 25 | $461.2M | $3.9B | ||
| Q3 25 | $461.3M | $4.5B | ||
| Q2 25 | $421.1M | $4.3B | ||
| Q1 25 | $384.0M | $3.7B | ||
| Q4 24 | $362.4M | $3.9B | ||
| Q3 24 | $353.1M | $2.9B | ||
| Q2 24 | $323.0M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-572.9M |
| Free Cash FlowOCF − Capex | — | $-774.3M |
| FCF MarginFCF / Revenue | — | -506.6% |
| Capex IntensityCapex / Revenue | — | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-3.9M | $-572.9M | ||
| Q3 25 | $39.1M | $-114.0M | ||
| Q2 25 | $21.8M | $-231.3M | ||
| Q1 25 | $-9.8M | $-122.1M | ||
| Q4 24 | $6.9M | $-255.1M | ||
| Q3 24 | $9.3M | $-56.3M | ||
| Q2 24 | $26.9M | $-42.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.1M | $-774.3M | ||
| Q3 25 | $35.6M | $-139.7M | ||
| Q2 25 | $20.9M | $-291.7M | ||
| Q1 25 | $-10.4M | $-154.9M | ||
| Q4 24 | $6.8M | $-495.4M | ||
| Q3 24 | $8.9M | $-127.6M | ||
| Q2 24 | $26.6M | $-96.1M |
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | -506.6% | ||
| Q3 25 | 19.6% | -77.5% | ||
| Q2 25 | 12.4% | -190.7% | ||
| Q1 25 | -7.9% | -96.0% | ||
| Q4 24 | 5.3% | -347.5% | ||
| Q3 24 | 6.7% | -150.5% | ||
| Q2 24 | 18.5% | -137.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 131.8% | ||
| Q3 25 | 1.9% | 14.3% | ||
| Q2 25 | 0.6% | 39.5% | ||
| Q1 25 | 0.4% | 20.4% | ||
| Q4 24 | 0.1% | 168.6% | ||
| Q3 24 | 0.3% | 84.1% | ||
| Q2 24 | 0.2% | 76.5% |
| Q1 26 | — | — | ||
| Q4 25 | -0.70× | — | ||
| Q3 25 | 1.63× | -1.09× | ||
| Q2 25 | 0.95× | -1.05× | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 2.05× | -1.87× | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 1.41× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
COCO
| Subtotal | $148.2M | 82% |
| Private Label | $24.4M | 14% |
| Other | $7.2M | 4% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
