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.

Revenue
+0.66%
EPS
−96.7%
Free cash flow
−276.7%
Total debt
−29.8%

Quarter to September 2026, against a year earlier

15.83 1.07 +7.25%
Market cap
$5.5B
P/E
0.0×
Fwd P/E
−4.6×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Riot Platforms, Inc. (RIOT) Free cash flow margin

Alert me on Free cash flow margin

Riot Platforms, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −87.7%, up 31.4 percentage points from fiscal 2025 (−119.1%). Over the past ten years it has ranged from −3,864.5% (fiscal 2016) to −55.0% (fiscal 2023); the current reading is higher than 64% of that period. That is below the Capital Markets industry median of 0.00% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −119.1% 8.62
FY2024 −127.7% (72.75)
FY2023 −55.0% 5.77
FY2022 −60.7% 48.63
FY2021 −109.4% (19.26)
FY2020 −90.1% 208.43
FY2019 −298.5% 156.45
FY2018 −455.0% 1,213.98
FY2017 −1,669.0% 2,195.56
FY2016 −3,864.5% (401.33)

Against its own ten years

Low −3,864.5% High −55.0%
Ten-year median −127.7%
Current reading's percentile 64

Free cash flow margin against peers

Company Free cash flow margin
MC Moelis & Company compare 27.5%
MKTX MarketAxess Holdings Inc. compare 16.4%
BGC BGC Group, Inc. compare 13.4%
MRX Marex Group PLC compare 0.00%
GLXY Galaxy Digital Inc. compare −3.29%
FIGR Figure Technology Solutions, Inc. compare −14.8%
HUT Hut 8 Corp. compare −20.4%
RIOT Riot Platforms, Inc. −87.7%
WULF TeraWulf Inc. compare −1,453.3%
Capital Markets industry median 0.00%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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