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Side-by-side financial comparison of Riot Platforms, Inc. (RIOT) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $152.8M, roughly 1.3× Riot Platforms, Inc.). ROGERS CORP runs the higher net margin — 2.2% vs -452.0%, a 454.2% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs 5.2%). ROGERS CORP produced more free cash flow last quarter ($1.1M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
RIOT vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $152.8M | $200.5M |
| Net Profit | $-690.7M | $4.5M |
| Gross Margin | — | 32.2% |
| Operating Margin | -447.9% | — |
| Net Margin | -452.0% | 2.2% |
| Revenue YoY | 7.2% | 5.2% |
| Net Profit YoY | -606.3% | 421.4% |
| EPS (diluted) | $-1.89 | $0.25 |
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 | — | $200.5M | ||
| Q4 25 | $152.8M | $201.5M | ||
| Q3 25 | $180.2M | $216.0M | ||
| Q2 25 | $153.0M | $202.8M | ||
| Q1 25 | $161.4M | $190.5M | ||
| Q4 24 | $142.6M | $192.2M | ||
| Q3 24 | $84.8M | $210.3M | ||
| Q2 24 | $70.0M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-690.7M | $4.6M | ||
| Q3 25 | $104.5M | $8.6M | ||
| Q2 25 | $219.5M | $-73.6M | ||
| Q1 25 | $-296.4M | $-1.4M | ||
| Q4 24 | $136.4M | $-500.0K | ||
| Q3 24 | $-154.4M | $10.7M | ||
| Q2 24 | $-84.4M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | -447.9% | 3.5% | ||
| Q3 25 | 44.4% | 7.3% | ||
| Q2 25 | — | -33.3% | ||
| Q1 25 | -144.9% | -0.2% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | -143.3% | 6.9% | ||
| Q2 24 | -167.2% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -452.0% | 2.3% | ||
| Q3 25 | 58.0% | 4.0% | ||
| Q2 25 | 143.4% | -36.3% | ||
| Q1 25 | -183.6% | -0.7% | ||
| Q4 24 | 95.7% | -0.3% | ||
| Q3 24 | -182.1% | 5.1% | ||
| Q2 24 | -120.6% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-1.89 | $0.20 | ||
| Q3 25 | $0.26 | $0.48 | ||
| Q2 25 | $0.58 | $-4.00 | ||
| Q1 25 | $-0.90 | $-0.08 | ||
| Q4 24 | $0.39 | $-0.04 | ||
| Q3 24 | $-0.54 | $0.58 | ||
| Q2 24 | $-0.32 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $233.5M | $195.8M |
| Total DebtLower is stronger | $840.8M | — |
| Stockholders' EquityBook value | $2.9B | $1.2B |
| Total Assets | $3.9B | $1.4B |
| Debt / EquityLower = less leverage | 0.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $233.5M | $197.0M | ||
| Q3 25 | $330.7M | $167.8M | ||
| Q2 25 | $255.4M | $157.2M | ||
| Q1 25 | $163.7M | $175.6M | ||
| Q4 24 | $277.9M | $159.8M | ||
| Q3 24 | $355.7M | $146.4M | ||
| Q2 24 | $481.2M | $119.9M |
| 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 | — | $1.2B | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $3.5B | $1.2B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $2.9B | $1.3B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.6B | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $3.9B | $1.4B | ||
| Q3 25 | $4.5B | $1.4B | ||
| Q2 25 | $4.3B | $1.5B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $3.9B | $1.5B | ||
| Q3 24 | $2.9B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | $-774.3M | $1.1M |
| FCF MarginFCF / Revenue | -506.6% | 0.5% |
| Capex IntensityCapex / Revenue | 131.8% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $-572.9M | $46.9M | ||
| Q3 25 | $-114.0M | $28.9M | ||
| Q2 25 | $-231.3M | $13.7M | ||
| Q1 25 | $-122.1M | $11.7M | ||
| Q4 24 | $-255.1M | $33.7M | ||
| Q3 24 | $-56.3M | $42.4M | ||
| Q2 24 | $-42.5M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $-774.3M | $42.2M | ||
| Q3 25 | $-139.7M | $21.2M | ||
| Q2 25 | $-291.7M | $5.6M | ||
| Q1 25 | $-154.9M | $2.1M | ||
| Q4 24 | $-495.4M | $18.3M | ||
| Q3 24 | $-127.6M | $25.2M | ||
| Q2 24 | $-96.1M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | -506.6% | 20.9% | ||
| Q3 25 | -77.5% | 9.8% | ||
| Q2 25 | -190.7% | 2.8% | ||
| Q1 25 | -96.0% | 1.1% | ||
| Q4 24 | -347.5% | 9.5% | ||
| Q3 24 | -150.5% | 12.0% | ||
| Q2 24 | -137.2% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 131.8% | 2.3% | ||
| Q3 25 | 14.3% | 3.6% | ||
| Q2 25 | 39.5% | 4.0% | ||
| Q1 25 | 20.4% | 5.0% | ||
| Q4 24 | 168.6% | 8.0% | ||
| Q3 24 | 84.1% | 8.2% | ||
| Q2 24 | 76.5% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | -1.09× | 3.36× | ||
| Q2 25 | -1.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.87× | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
ROG
Segment breakdown not available.
