Saturday 17 October 2026 Export RIOT’s income statement to Excel — free account

Riot Platforms, Inc.

Riot Platforms, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $647.4 million, up 71.9% from fiscal 2024. In the quarter to June 2026, revenue grew 13.9%, EPS fell 204.6%, free cash flow grew 49.2% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years.

13.72 1.78 −11.48%

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Market cap: $5.8B
P/E: 0.0×
Fwd P/E: −11.8×
Dividend yield: —
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 9.50

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	2	2	1	1	—	—

Insider Ownership 0.10%

Capital & Financial Ratios $m

Market Cap 5,820.00

Revenue 674.51

Net Income (1,323.91)

Free Cash Flow (724.82)

Net Debt 275.89

Current Ratio 1.59

Debt/Equity 0.38

P/E ratio 0.00

Fwd P/E (11.80)

P/S ratio 7.07

P/B ratio 2.18

Past 5Y EPS Growth —

This Y EPS Growth (34.33%)

Next Y EPS Growth 52.91%

Next Y revenue growth 4.49%

Next 5Y EPS Growth 30.62%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 31.17%

10-year low 10-year high

P/B against its own 10 years 67.64%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	0.00	1.00

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	628	526	351	567
Receivables	25	27	30	42
Inventory	—	—	—	—
Other	327	6	8	20
	1,009	599	449	726

	2023	2024	2025	Q'26
Payables	23	18	23	18
ST’ Debt	0	0	—	255
Other	4	33	43	74
	121	160	470	458

Compound Annual Growth %

	10y	5y	3y
Sales	124.61%	121.73%	35.69%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	67.88%	59.48%	35.40%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	167	174	—	—	—
’25	161	153	180	153	647
’24	79	70	85	143	377
’23	73	77	52	79	281
’22	80	73	46	60	259
’21	23	34	65	91	213
’20	2	2	2	5	12

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(183)	(90)	—	—	—
’25	(122)	(231)	(114)	(106)	(573)
’24	(58)	(43)	(56)	(98)	(255)
’23	32	(38)	(6)	45	33
’22	(45)	31	13	1	1
’21	(6)	(21)	(34)	(25)	(86)
’20	(3)	(3)	(4)	6	(3)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(298)	(192)	—	—	—
’25	(155)	(378)	(57)	(181)	(771)
’24	(115)	(96)	(128)	(142)	(481)
’23	(19)	(95)	(41)	0	(154)
’22	(82)	(9)	(39)	(27)	(157)
’21	(8)	(26)	(105)	(93)	(233)
’20	(3)	(4)	(7)	3	(11)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.44)	(0.68)	—	—	—
’25	(0.90)	0.57	0.26	(2.03)	(1.95)
’24	0.81	(0.32)	(0.54)	0.44	0.34
’23	0.11	(0.17)	(0.44)	0.22	(0.28)
’22	0.30	(2.81)	(0.24)	(1.01)	(3.65)
’21	0.09	0.22	(0.16)	(0.31)	(0.17)
’20	(0.15)	(0.31)	(0.04)	0.16	(0.30)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.14	3.02	1.29	1.11	0.51	15.35	3.25	3.30	6.36	6.19	Analyst estimates 2026–2028 Powerpack
	High	6.65	46.20	28.70	6.14	18.67	79.50	24.63	20.65	18.36	23.94
People
People	Employees	8	9	6	6	8	335	489	534	783	816
	Revenue/emp, $m	0.01	0.03	1.31	1.14	1.51	0.64	0.53	0.53	0.48	0.79
Income, $m
Income, $m	Revenue	0	0	8	7	12	213	259	281	377	647
	Gross margin, %	100.00	90.66	25.81	10.82	48.26	61.50	25.26	9.39	30.24	37.93
	EBT	(3)	(18)	(61)	(20)	(14)	(15)	(521)	(55)	110	(663)
	EBT margin, %	(3,265.56)	(6,687.80)	(777.67)	(299.05)	(116.77)	(7.12)	(201.14)	(19.44)	29.24	(102.46)
	Net income	(4)	(20)	(60)	(20)	(14)	(15)	(510)	(49)	109	(663)
	Depreciation	0	6	6	2	5	26	108	252	212	351
Per share, $
Per share, $	Revenue	0.02	0.04	0.59	0.35	0.29	2.28	1.86	1.60	1.36	1.90
	Earnings	(1.05)	(3.30)	(4.33)	(1.02)	(0.30)	(0.17)	(3.65)	(0.28)	0.40	(1.95)
	Cash flow	(1.36)	(0.74)	(1.42)	(0.79)	(0.07)	(0.92)	0.00	0.19	(0.92)	(1.68)
	Capex	0.44	(0.01)	(1.24)	(0.25)	(0.19)	(1.57)	(1.13)	(1.07)	(0.82)	(0.58)
	Free cash flow	(0.92)	(0.75)	(2.66)	(1.04)	(0.26)	(2.50)	(1.13)	(0.88)	(1.74)	(2.26)
	Book value	3.67	8.24	0.34	1.34	6.60	14.43	8.26	10.79	11.39	8.39
	Shares, m	4	6	13	20	42	93	139	175	276	341
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.53	0.00
	P/S	160.42	622.76	2.58	3.21	59.03	9.79	1.81	9.61	7.48	6.67
	P/B	1.04	4.01	4.58	0.84	2.57	1.55	0.41	1.43	0.90	1.51
	EV/Sales	47.03	475.96	2.80	2.18	40.57	8.33	1.01	7.37	7.64	7.42
	EV/FCF	(1.22)	(47.47)	(0.61)	(0.73)	(45.03)	(7.62)	(1.66)	(13.42)	(5.98)	(6.23)
Cash, $m
Cash, $m	Operating cash flow	(6)	(4)	(19)	(15)	(3)	(86)	1	33	(255)	(573)
	Capex	2	0	(17)	(5)	(8)	(147)	(158)	(187)	(226)	(198)
	Free cash flow	(4)	(5)	(36)	(20)	(11)	(233)	(157)	(154)	(481)	(771)
Balance, $m
Balance, $m	Working capital	13	41	(4)	9	234	455	322	888	439	(21)
	Total debt	0	0	2	0	—	13	22	1	585	587
	Net debt	(13)	(42)	1	(7)	(223)	(310)	(208)	(627)	59	236
	Shareholders’ equity	15	50	4	26	277	1,348	1,151	1,888	3,144	2,858
Returns, %
Returns, %	ROA	(22.55)	(57.21)	(175.26)	(90.59)	(9.09)	(1.71)	(35.86)	(2.94)	3.65	(16.85)
	ROIC	(160.39)	(103.06)	(622.34)	(31.31)	(18.09)	(1.80)	(33.98)	(3.13)	3.00	(12.57)
	ROE	(27.57)	(69.88)	(250.55)	(130.82)	(9.31)	(1.90)	(40.77)	(3.26)	4.35	(22.10)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SNEX StoneX Group Inc.	$7.2B	12.8×	18.8×	+15.40% (above 0%: growing)	+86.64% (above 0%: growing)	−183.02% (below 0%: shrinking)	3.06%	1.67%	Compare
GLXY Galaxy Digital Inc.	$7.1B	— (loss-making)	— (loss-making)	−0.99% (below 0%: shrinking)	n/m	+80.14% (above 0%: growing)	0.86%	(1.21%)	Compare
WULF TeraWulf Inc.	$6.3B	— (loss-making)	— (loss-making)	−6.02% (below 0%: shrinking)	n/m	−695.25% (below 0%: shrinking)	72.30%	(313.74%)	Compare
FIGR Figure Technology Solutions, Inc.	$6.2B	17.7×	30.4×	+112.66% (above 0%: growing)	−9.34% (below 0%: shrinking)	−119.20% (below 0%: shrinking)	87.18%	34.46%	Compare
RIOT Riot Platforms, Inc.	$5.8B	— (loss-making)	— (loss-making)	+13.89% (above 0%: growing)	n/m	+49.16% (above 0%: growing)	23.67%	(137.42%)
MKTX MarketAxess Holdings Inc.	$5.8B	19.4×	14.6×	−0.48% (below 0%: shrinking)	+1.05% (above 0%: growing)	−83.73% (below 0%: shrinking)	100.00%	41.15%	Compare
BGC BGC Group, Inc.	$5.4B	28.3×	7.4×	+7.85% (above 0%: growing)	+36.36% (above 0%: growing)	+164.18% (above 0%: growing)	97.58%	12.38%	Compare
MRX Marex Group PLC	$5.2B	16.7×	11.3×	+76.97% (above 0%: growing)	+94.87% (above 0%: growing)	+54.74% (above 0%: growing)	100.00%	21.10%	Compare
PIPR Piper Sandler Companies	$4.6B	14.2×	16.3×	+24.88% (above 0%: growing)	+58.10% (above 0%: growing)	+58.77% (above 0%: growing)	98.91%	20.27%	Compare
Median of peers	$6.0B	17.2×	15.5×	+11.62%	+47.23%	−14.50%	92.38%	16.33%

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Riot Platforms, Inc. (RIOT) key facts

Strength: Riot Platforms, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $647.4 million, up 71.9% from fiscal 2024.
Riot Platforms, Inc. (RIOT) is a Capital Markets company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, RIOT traded at $13.72, a market capitalization of $5.8 billion.
Return on equity was −22.1% and debt-to-equity 0.38.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.