Saturday 17 October 2026
Export RIOT’s income statement to Excel — free account
Riot Platforms, Inc.
RIOT Financial Capital Markets
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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 3 | 5 | 2 | 3 | 5 | 5 | 2 | 4 | 4 |
P/E ratio |
0.00 | 25.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/S ratio |
6.67 | 7.48 | 9.61 | 1.81 | 9.79 | 59.03 | 3.21 | 2.58 | 622.76 | 160.42 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
(40.91) | (28.65) | 59.89 | 314.52 | (82.78) | 119.40 | (8.84) | (6.56) | (131.61) | (9.25) |
P/B ratio |
1.51 | 0.90 | 1.43 | 0.41 | 1.55 | 2.57 | 0.84 | 4.58 | 4.01 | 1.04 |
Price to Tangible BV |
1.60 | 0.94 | 1.44 | 0.42 | 2.09 | 2.58 | 0.85 | 6.30 | 4.26 | 1.11 |
EV/Sales |
7.42 | 7.64 | 7.37 | 1.01 | 8.33 | 40.57 | 2.18 | 2.80 | 475.96 | 47.03 |
EV/EBITDA |
0.00 | 7.86 | 10.94 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(8.39) | (11.28) | 62.57 | 493.52 | (20.64) | (172.05) | (0.97) | (1.15) | (28.91) | (0.82) |
EV/FCF |
(6.23) | (5.98) | (13.42) | (1.66) | (7.62) | (45.03) | (0.73) | (0.61) | (47.47) | (1.22) |
Quick Ratio |
0.81 | 3.45 | 5.39 | 2.12 | 3.08 | 93.19 | 2.21 | 0.03 | 40.03 | 12.36 |
Current Ratio |
0.96 | 3.74 | 8.33 | 3.65 | 5.14 | 98.57 | 3.75 | 0.35 | 40.74 | 13.03 |
Net Debt/EBITDA |
(0.87) | 0.16 | (3.31) | 0.51 | 85.13 | 20.72 | 1.05 | (0.03) | 5.48 | 2.48 |
Debt/Assets |
14.91% | 14.86% | 0.04% | 1.67% | 0.85% | 0.00% | 0.00% | 12.24% | 0.00% | 0.82% |
Debt/Equity |
0.21 | 0.19 | 0.00 | 0.02 | 0.01 | 0.00 | 0.00 | 0.38 | 0.00 | 0.01 |
Asset Turnover |
0.16 | 0.13 | 0.17 | 0.18 | 0.24 | 0.08 | 0.31 | 0.24 | 0.01 | 0.01 |
Operating CF/Net income |
0.86 | (2.33) | (0.67) | 0.00 | 5.58 | 0.20 | 0.77 | 0.33 | 0.22 | 1.29 |
Capex/Depreciation |
(0.56) | (1.07) | (0.74) | (1.46) | (5.61) | (1.69) | (2.15) | (2.62) | (0.01) | (524.32) |
Interest Coverage |
(25.77) | 77.38 | (22.09) | (391.67) | (100.91) | (182.87) | (77.19) | (482.65) | (2.74) | (171.93) |
| (22.10%) | 4.35% | (3.26%) | (40.77%) | (1.90%) | (9.31%) | (130.82%) | (250.55%) | (69.88%) | (27.57%) | |
| (16.85%) | 3.65% | (2.94%) | (35.86%) | (1.71%) | (9.09%) | (90.59%) | (175.26%) | (57.21%) | (22.55%) | |
ROIC |
(12.57%) | 3.00% | (3.13%) | (33.98%) | (1.80%) | (18.09%) | (31.31%) | (622.34%) | (103.06%) | (160.39%) |
Return on Tangible Assets |
(43.99%) | 6.15% | (3.11%) | (50.23%) | (2.11%) | (5.78%) | (140.03%) | 1,342.47% | (43.48%) | (33.66%) |
Average Days of Receivables |
16.79 | 26.28 | 32.13 | 37.93 | 26.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 257.70% |
Selling, General and Administrative Expense of Revenue |
46.15% | 70.86% | 35.75% | 26.03% | 41.00% | 84.85% | 133.96% | 265.88% | 2,711.75% | 4,561.84% |
Intangible Assets out of Total Assets |
0.04 | 0.04 | 0.01 | 0.02 | 0.23 | 0.00 | 0.02 | 0.09 | 0.05 | 0.06 |
Share Based Compensation of Revenue |
19.42% | 33.24% | 11.46% | 9.47% | 32.12% | 28.20% | 10.90% | 59.40% | 960.25% | 564.12% |
Graham Net Nets |
(0.15) | (0.07) | 0.31 | 0.58 | 0.19 | 0.33 | 0.39 | (0.35) | 0.24 | 0.75 |
Graham Number |
0.00 | 10.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(15.63%) | 3.92% | (1.88%) | (111.57%) | (0.73%) | (2.00%) | (107.14%) | (295.77%) | (11.91%) | (27.80%) |
Free Cash Flow Yield |
(17.86%) | (17.07%) | (5.72%) | (33.50%) | (11.18%) | (1.53%) | (92.99%) | (176.35%) | (1.61%) | (24.07%) |
Revenue per Share |
1.90 | 1.36 | 1.60 | 1.86 | 2.28 | 0.29 | 0.35 | 0.59 | 0.04 | 0.02 |
Operating CF per Share |
(1.68) | (0.92) | 0.19 | 0.00 | (0.92) | (0.07) | (0.79) | (1.42) | (0.74) | (1.36) |
Capex per Share |
(0.58) | (0.82) | (1.07) | (1.13) | (1.57) | (0.19) | (0.25) | (1.24) | (0.01) | 0.44 |
Free Cash Flow per Share |
(2.26) | (1.74) | (0.88) | (1.13) | (2.50) | (0.26) | (1.04) | (2.66) | (0.75) | (0.92) |
Cash per Share |
1.03 | 1.90 | 3.59 | 1.65 | 3.46 | 5.32 | 0.38 | 0.02 | 6.92 | 3.21 |
Shareholders Equity per Share |
8.39 | 11.39 | 10.79 | 8.26 | 14.43 | 6.60 | 1.34 | 0.34 | 8.24 | 3.67 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
8.39 | 11.39 | 10.79 | 8.26 | 14.43 | 6.60 | 1.34 | 0.34 | 8.24 | 3.67 |
Free Cash Flow |
(771.08) | (481.08) | (154.28) | (157.41) | (233.23) | (10.89) | (20.41) | (35.69) | (4.50) | (3.74) |
Working Capital |
(21.06) | 439.09 | 887.56 | 321.84 | 454.71 | 233.87 | 9.26 | (4.35) | 41.35 | 12.69 |
Capital Expenditures |
(198.15) | (226.02) | (187.37) | (157.94) | (147.15) | (8.04) | (5.00) | (16.64) | (0.06) | 1.78 |
Net Current Asset Value |
(629.65) | (192.15) | 845.51 | 274.86 | 390.97 | 233.19 | 8.48 | (7.06) | 39.68 | 11.62 |
EV/EBIT |
0.00 | 18.73 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.31 | 0.60 | 0.67 | 0.61 | 0.69 | 0.67 | 0.73 | 2.12 | 0.23 | (18.44) |
Price to Operating Income |
0.00 | 18.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.23 | 0.16 | 0.36 | 0.16 | 0.09 | 0.47 | 0.46 | 244.50 | 1.29 | (0.62) |
Cash ROIC |
(20.31%) | (11.31%) | (6.13%) | (11.21%) | (13.85%) | (2.18%) | (60.61%) | (556.67%) | (4.93%) | (13.30%) |
Accounts Receivable Turnover |
22.75 | 14.53 | 10.87 | 12.25 | 17.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
19.59 | 12.89 | 12.23 | 10.07 | 7.91 | 8.71 | 2.68 | 2.75 | 0.05 | 0.12 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
21.27 | 24.46 | 33.23 | 34.76 | 89.09 | 41.92 | 42.92 | 240.13 | 5,938.49 | 2,190.78 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
28.46 | 25.92 | 25.82 | 21.17 | 12.52 | — | — | — | — | — |
Average Payables |
20.51 | 20.38 | 20.80 | 19.24 | 10.38 | 0.72 | 2.27 | 2.12 | 0.49 | 0.75 |
Average Assets |
3,936.04 | 2,993.19 | 1,685.52 | 1,420.98 | 901.07 | 155.26 | 22.12 | 33.10 | 34.69 | 18.95 |
Average Common Equity |
3,001.05 | 2,515.85 | 1,519.73 | 1,249.90 | 812.70 | 151.63 | 15.32 | 23.15 | 28.40 | 15.50 |
Columns are period end dates