| Rank | Bib | Name | Year | Club | Chiptime | Time |
|---|---|---|---|---|---|---|
| 1 | 97 | Þorbergur Ingi | 1919 | 02:52:16.0 | ||
| 2 | 0120 | Thor Emory | 1919 | 02:53:45.0 | ||
| 3 | 0124 | Sigurþór Einar | 1919 | 02:53:45.0 | ||
| 4 | 079 | George Wilson USA | 1919 | 02:53:53.4 | ||
| 5 | 0106 | Sigurður Eyþórsson | 1919 | 03:05:47.2 | ||
| 6 | 0110 | Stefán Bragi Bjarnason | 1919 | 03:10:52.9 | ||
| 7 | 057 | Höskuldur Tryggvason | 1919 | 03:14:54.6 | ||
| 8 | 077 | Hilmar Már Aðalsteinsson | 1919 | 03:20:13.8 | ||
| 9 | 0128 | Kristinn Magnússon | 1919 | 03:25:51.0 | ||
| 10 | 102 | Árni Stefánsson | 1919 | 03:26:09.9 | ||
| 11 | 058 | Eyjólfur Einarsson | 1919 | 03:35:41.0 | ||
| 12 | 091 | Júlíus Geir Gunnlaugsson | 1919 | 03:40:30.6 | ||
| 13 | 93 | Brynjar Guðmundsson | 1919 | 03:44:00.0 | ||
| 14 | 0119 | Sæmundur Kristjánsson | 1919 | 03:52:53.5 | ||
| 15 | 095 | Valtýr Sigurðsson | 1919 | 04:06:45.2 | ||
| 16 | 061 | Björgvin Karl Gunnarsson | 1919 | 04:14:16.5 | ||
| 17 | 0137 | Benedikt Hálfdánarson | 1919 | 04:14:36.0 | ||
| 18 | 078 | Kristinn Rúnar Sigurðsson | 1919 | 04:29:13.6 | ||
| 19 | 088 | Helgi Jóhannsson | 1919 | 04:31:46.9 | ||
| 20 | 099 | Jón Oddur Guðmundsson | 1919 | 04:37:27.3 | ||
| 21 | 056 | Örn Kjærnested | 1919 | 04:38:45.1 | ||
| 22 | 138 | Loftur Ágústsson | 1919 | 04:40:53.2 | ||
| 23 | 071 | Pétur Sólmar | 1919 | 04:41:35.9 | ||
| 24 | 082 | Viktor Þór Jörgensson | 1919 | 04:44:04.0 | ||
| 25 | 055 | Örn Þórisson Kjærnested | 1919 | 04:48:18.0 | ||
| 26 | 080 | Erlendur Gíslason | 1919 | 05:09:34.5 | ||
| 27 | 90 | Arnþór Halldórsson | 1919 | 05:15:42.5 | ||
| 28 | 060 | Sigtryggur Ari | 1919 | 05:25:44.8 |