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

15.11 0.26 −1.69%
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) Operating margin

Alert me on Operating margin

Riot Platforms, Inc.'s operating margin over the twelve months to 30 September 2026 was −210.5%, down 114.4 percentage points from fiscal 2025 (−96.1%). Over the past ten years it has ranged from −5,369.6% (fiscal 2016) to 40.8% (fiscal 2024); the current reading is higher than 73% of that period. That is below the Capital Markets industry median of 0.00% and below the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −96.1% (136.88)
FY2024 40.8% 63.24
FY2023 −22.5% 175.36
FY2022 −197.8% (183.81)
FY2021 −14.0% 114.65
FY2020 −128.7% 9.08
FY2019 −137.7% 619.00
FY2018 −756.7% 4,119.34
FY2017 −4,876.1% 493.52
FY2016 −5,369.6% (953.30)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 0.67% 138.09
Jun 2026 −137.4% 161.51
Mar 2026 −298.9% 148.94
Dec 2025 −447.9% (492.29)
43 more quarters

Against its own ten years

Low −5,369.6% High 40.8%
Ten-year median −137.7%
Current reading's percentile 44

Operating margin against peers

Company Operating margin
MKTX MarketAxess Holdings Inc. compare 40.5%
MRX Marex Group PLC compare 36.4%
FIGR Figure Technology Solutions, Inc. compare 28.4%
MC Moelis & Company compare 18.4%
BGC BGC Group, Inc. compare 10.7%
GLXY Galaxy Digital Inc. compare −0.53%
RIOT Riot Platforms, Inc. −210.5%
HUT Hut 8 Corp. compare −227.0%
WULF TeraWulf Inc. compare −250.4%
Capital Markets industry median 0.00%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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