Riot Platforms, Inc. (RIOT) Financial Statements
Industry: Finance Services
In fiscal 2025, Riot Platforms reported revenue of $647.4M, up 71.9% from $376.7M the year before. Net income was -$663.2M (a -102.4% net margin), or -$1.95 per diluted share. Gross margin was -96.1% and operating margin was -96.1%. Operating activities generated -$572.9M of cash, leaving -$774.3M of free cash flow. At fiscal year end, Riot Platforms held $3.94B in total assets against $1.08B in total liabilities, including $233.5M of cash and equivalents.
Open the full interactive Riot Platforms financials → Quarterly statements, key ratios, valuation history and price charts.
Riot Platforms Key Stats
| Share Price | $16.67 |
|---|---|
| Market Cap | $5.80B |
| Revenue YoY Growth | +71.9% |
| 52-Week Range | $11.83 – $28.69 |
| Shares Outstanding | 347.7 million (basic, 2026 Q2) |
Riot Platforms Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $12.1M | $213.2M | $259.2M | $280.7M | $376.7M | $647.4M |
| Cost of Goods Sold | $31.4M | $235.6M | $771.9M | $343.7M | $223.1M | $1.27B |
| Gross Profit | $5.8M | -$22.4M | -$512.7M | -$63.0M | $153.6M | -$622.2M |
| Operating Income | -$19.3M | -$22.4M | -$512.7M | -$63.0M | $153.6M | -$622.2M |
| Pre-Tax Income | $12.7M | -$7.7M | -$521.3M | -$54.6M | $110.1M | -$663.3M |
| Income Tax | $25.3M | $254,000 | -$11.7M | -$5.1M | $744,000 | -$150,000 |
| Net Income | -$12.7M | -$7.9M | -$509.6M | -$49.5M | $109.4M | -$663.2M |
| Diluted EPS | -$0.30 | -$0.08 | -$3.66 | -$0.28 | $0.34 | -$1.95 |
Riot Platforms Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $180.2M | $152.8M | $167.2M | $174.2M |
| Net Income | $104.5M | -$690.7M | -$500.5M | -$237.2M |
| Diluted EPS | $0.26 | -$2.03 | -$1.44 | -$0.68 |
Riot Platforms Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $223.4M | $312.3M | $230.3M | $597.2M | $277.9M | $233.5M |
| Current Assets | $236.3M | $573.5M | $443.4M | $1.01B | $599.5M | $448.7M |
| Total Assets | $280.1M | $1.53B | $1.32B | $2.05B | $3.94B | $3.94B |
| Current Liabilities | $2.4M | $109.9M | $121.5M | $121.0M | $160.4M | $469.8M |
| Total Long-Term Debt | — | — | — | — | $584.6M | $840.8M |
| Total Liabilities | $3.1M | $173.6M | $168.5M | $163.1M | $791.6M | $1.08B |
| Shareholders' Equity | $277.1M | $1.36B | $1.15B | $1.89B | $3.14B | $2.86B |
Riot Platforms Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$11.1M | -$86.4M | $530,000 | $33.1M | -$255.1M | -$572.9M |
| Cash From Investing | -$32.8M | -$490.3M | -$354.9M | -$414.8M | -$1.51B | $76.1M |
| Cash From Financing | $259.9M | $665.6M | $272.3M | $748.5M | $1.52B | $455.3M |
| Free Cash Flow | -$19.3M | -$233.5M | -$147.9M | -$160.6M | -$495.4M | -$774.3M |
Figures from Riot Platforms' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Riot Platforms financials page for every line item.
Riot Platforms Company Profile
| Ticker | RIOT |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | Castle Rock, Colorado |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001167419 |
Frequently Asked Questions
What was Riot Platforms' revenue in fiscal 2025?
Riot Platforms (RIOT) reported revenue of $647.4M for fiscal 2025.
What is Riot Platforms' annual revenue history?
Riot Platforms' annual revenue by fiscal year: 2020: $12.1M; 2021: $213.2M; 2022: $259.2M; 2023: $280.7M; 2024: $376.7M; 2025: $647.4M.
What was Riot Platforms' net income in fiscal 2025?
Riot Platforms reported net income of -$663.2M for fiscal 2025.
What was Riot Platforms' earnings per share (EPS) in fiscal 2025?
Riot Platforms' diluted EPS was -$1.95 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Riot Platforms generate in fiscal 2025?
Riot Platforms generated -$774.3M of free cash flow in fiscal 2025.
What was Riot Platforms' revenue last quarter?
In its most recent reported quarter (2026 Q2), Riot Platforms reported revenue of $174.2M.
How much debt does Riot Platforms have?
Riot Platforms reported $840.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Riot Platforms are outstanding?
Riot Platforms reported a weighted average of 347.7 million basic shares outstanding in 2026 Q2.
What is Riot Platforms' market cap?
Based on its latest closing price, Riot Platforms (RIOT) has a market capitalization of about $5.80B.
When does Riot Platforms' fiscal year end?
Riot Platforms' fiscal year end, as registered with the SEC, is December 31.
Where is Riot Platforms headquartered?
Riot Platforms lists its business address in Castle Rock, Colorado in its SEC filings.