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

15.53 0.77 +5.22%
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) Net margin

Alert me on Net margin

Riot Platforms, Inc.'s net margin over the twelve months to 30 September 2026 was −210.8%, down 108.4 percentage points from fiscal 2025 (−102.4%). Over the past ten years it has ranged from −7,358.5% (fiscal 2017) to 29.1% (fiscal 2024); the current reading is higher than 73% of that period. That is below the Capital Markets industry median of −0.34% and below the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −102.4% (131.48)
FY2024 29.1% 46.68
FY2023 −17.6% 178.98
FY2022 −196.6% (189.37)
FY2021 −7.24% 109.59
FY2020 −116.8% 176.27
FY2019 −293.1% 446.33
FY2018 −739.4% 6,619.08
FY2017 −7,358.5% (2,939.90)
FY2016 −4,418.6% 2.19

Quarterly newest first

Period Net margin Change (points)
Sep 2026 2.22% 138.34
Jun 2026 −136.1% 163.17
Mar 2026 −299.3% 152.68
Dec 2025 −452.0% (509.94)
43 more quarters

Against its own ten years

Low −7,358.5% High 29.1%
Ten-year median −196.6%
Current reading's percentile 44

Net margin against peers

Company Net margin
MKTX MarketAxess Holdings Inc. compare 35.2%
FIGR Figure Technology Solutions, Inc. compare 27.0%
MRX Marex Group PLC compare 15.3%
MC Moelis & Company compare 14.5%
BGC BGC Group, Inc. compare 6.04%
GLXY Galaxy Digital Inc. compare −0.34%
HUT Hut 8 Corp. compare −169.8%
RIOT Riot Platforms, Inc. −210.8%
WULF TeraWulf Inc. compare −1,179.9%
Capital Markets industry median −0.34%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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