Riot Platforms (RIOT) Financial Statements & Analysis

Riot Platforms (RIOT) Income Statement

Riot Platforms reported revenue of $647.43M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 71.9% from $376.66M a year earlier. Riot Platforms posted a net loss of $663.18M, compared with net income of $109.40M a year earlier. Gross margin was -15.6% and operating margin -61.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $174.24M, up 13.9% from the same quarter a year earlier.

Riot Platforms Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Riot Platforms, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2017
Revenue & Gross Profit
Revenue	647.44	376.66	280.68	259.17	213.24	12.08	12.08	6.84	7.85	0.27
Cost of Revenue	748.69	262.76	254.33	193.70	82.09	6.25	6.25	6.10	5.82	0.03
Gross Profit	-101.25	113.90	26.35	65.48	131.15	5.83	5.83	0.74	2.03	0.24
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.02
Selling, General & Administrative	298.48	266.92	100.35	67.45	87.43	10.25	10.25	9.16	20.86	7.31
Operating Expenses	298.78	445.28	89.39	578.18	161.02	21.37	18.34	10.16	61.39	13.40
Operating Income	-400.03	-331.38	-63.05	-512.70	-29.87	-15.54	-12.51	-9.42	-59.37	-13.15
Other Income/Expense
Interest Income	13.98	27.17	8.22	1.76	-0.30	0.09	0.09	0.00	0.00	0.10
Interest Expense	24.14	1.99	0.00	-1.31	-0.30	0.00	-	0.12	0.12	4.81
Other Income/Expense	-263.30	416.34	8.48	-8.60	14.69	1.44	6.34	-11.03	-1.64	-4.88
Income
Income Before Tax	-663.33	110.15	-54.57	-521.30	-15.18	-14.11	-14.11	-20.45	-61.01	-18.04
Income Tax Expense	-0.15	0.74	-5.09	-11.75	0.25	0.00	-	-0.14	-0.70	-1.61
Net Income	-663.18	109.40	-49.47	-509.55	-15.44	-14.11	-14.11	-20.04	-58.01	-19.85
Net Income - Continuous Operations	-663.18	109.40	-49.47	-509.55	-15.44	-14.11	-	-20.04	-58.01	-19.85
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	-53.22	324.18	-2.79	-119.00	-0.25	-4.05	-8.02	-17.91	-55.62	-12.34
EBIT	-515.91	112.13	-141.62	-226.95	-26.58	-	-12.51	-	-	-
Depreciation & Amortization	346.81	212.05	252.35	107.95	26.32	4.86	4.49	2.42	5.27	0.89
Earnings Per Share
Basic EPS	-2.00	-	-	-4.00	-	-	-	-1.00	-4.00	-3.00
Diluted EPS	-2.00	-	-	-4.00	-	-	-	-1.00	-4.00	-3.00
Basic Shares Outstanding	340.72	275.98	175.03	139.43	93.45	41.98	41.98	19.60	13.40	6.02
Diluted Shares Outstanding	340.72	318.93	175.03	139.43	93.45	41.98	41.98	19.60	13.40	6.02

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Riot Platforms Financial Statements

What was Riot Platforms's revenue in fiscal 2025?

Riot Platforms reported revenue of $647.43M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 71.9% from $376.66M a year earlier.

Is Riot Platforms profitable?

No. Riot Platforms reported a net loss of $663.18M in fiscal 2025. In fiscal 2024 it earned $109.40M.

What is Riot Platforms's operating margin?

Riot Platforms's operating income was −$400.03M on revenue of $647.43M in fiscal 2025, an operating margin of -61.8%, compared with -88.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition