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RIOT (Riot Platforms, Inc.) Stock Financials & Earnings | Market Cap Arena
RIOT
Riot Platforms, Inc.
Mkt Cap
$6B
Financial Services
·
Financial - Capital Markets
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$647M
Net Income (TTM)
-$663M
EPS (TTM)
-$1.95
Free Cash Flow (TTM)
-$880M
Gross Margin
-15.6%
Op. Margin
-61.8%
Net Margin
-102.4%
FCF Margin
-136.0%
P/S Ratio (TTM)
8.7x
P/E Ratio (TTM)
—
YoY Rev Growth
+71.9%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$73M
$10M
$17M
Q2 23
$77M
$13M
-$32M
Q3 23
$52M
-$12M
-$83M
Q4 23
$79M
$15M
$74M
Q1 24
$79M
$32M
$204M
Q2 24
$70M
$16M
-$117M
Q3 24
$85M
$12M
-$122M
Q4 24
$143M
$53M
$188M
Q1 25
$161M
$66M
-$234M
Q2 25
$153M
$62M
$216M
Q3 25
$180M
$71M
$80M
Q4 25
$153M
-$300M
-$462M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
22.2x
—
Q2 23
21.8x
—
Q3 23
21.4x
—
Q4 23
20.0x
—
Q1 24
19.5x
30.5x
Q2 24
20.0x
44.3x
Q3 24
17.9x
107.3x
Q4 24
14.9x
51.2x
Q1 25
12.2x
—
Q2 25
10.3x
—
Q3 25
8.8x
34.2x
Q4 25
8.7x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$32M
-$19M
Q2 23
-$38M
-$95M
Q3 23
-$6M
-$137M
Q4 23
$45M
-$140M
Q1 24
-$58M
-$254M
Q2 24
-$43M
-$236M
Q3 24
-$56M
-$180M
Q4 24
-$98M
-$853M
Q1 25
-$122M
-$155M
Q2 25
-$231M
-$292M
Q3 25
-$114M
-$246M
Q4 25
-$106M
-$188M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$51M
Q2 23
$56M
Q3 23
$131M
Q4 23
$185M
Q1 24
$197M
Q2 24
$193M
Q3 24
$123M
Q4 24
$754M
Q1 25
$33M
Q2 25
$60M
Q3 25
$132M
Q4 25
$82M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-8.2%
-21.1%
Q2 23
+5.2%
-74.4%
Q3 23
+12.1%
+63.6%
Q4 23
+31.0%
-97.8%
Q1 24
+8.3%
-323.1%
Q2 24
-8.8%
+71.7%
Q3 24
+63.4%
+53.5%
Q4 24
+80.9%
-1067.4%
Q1 25
+103.5%
+417.1%
Q2 25
+118.5%
-133.8%
Q3 25
+112.6%
-51.4%
Q4 25
+7.2%
+1447.8%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
-$2M
-3.1%
Q2 23
$3M
4.5%
Q3 23
$14M
26.1%
Q4 23
$18M
22.2%
Q1 24
$32M
40.4%
Q2 24
$32M
45.9%
Q3 24
$31M
36.1%
Q4 24
$31M
21.4%
Q1 25
$30M
18.3%
Q2 25
$30M
19.7%
Q3 25
$33M
18.2%
Q4 25
$33M
21.7%
marketcaparena.com
OpEx Breakdown
SG&A
Quarter
SG&A
Q1 23
$13M
Q2 23
$20M
Q3 23
$29M
Q4 23
$39M
Q1 24
$58M
Q2 24
$61M
Q3 24
$67M
Q4 24
$81M
Q1 25
$71M
Q2 25
$76M
Q3 25
$70M
Q4 25
$82M
marketcaparena.com
Revenue Segments
Bitcoin Mining Segment
Engineering Segment
Quarter
Bitcoin Mining Segment
Engineering Segment
Q1 25
$143M
$20M
Q2 25
$141M
$16M
Q3 25
$161M
$26M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$158M
$122M
$280M
Q2 23
$289M
$141M
$430M
Q3 23
$290M
$152M
$442M
Q4 23
$597M
$311M
$908M
Q1 24
$688M
$0
$688M
Q2 24
$481M
$158M
$639M
Q3 24
$356M
$190M
$546M
Q4 24
$278M
$134M
$412M
Q1 25
$164M
$71M
$235M
Q2 25
$330M
$63M
$393M
Q3 25
$331M
$0
$331M
Q4 25
$234M
$0
$234M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
172M
+10.3%
Q2 23
167M
-2.8%
Q3 23
181M
+8.1%
Q4 23
231M
+27.6%
Q1 24
262M
+13.7%
Q2 24
265M
+0.9%
Q3 24
286M
+8.2%
Q4 24
319M
+11.4%
Q1 25
330M
+3.3%
Q2 25
383M
+16.1%
Q3 25
403M
+5.4%
Q4 25
341M
-15.5%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$11K
24
FY 15
$40K
5
FY 16
$13K
8
FY 17
$30K
9
FY 18
$1M
6
FY 19
$1M
6
FY 20
$2M
8
FY 21
$637K
335
FY 22
$530K
489
FY 23
$526K
534
FY 24
$481K
783
FY 25
$793K
816
marketcaparena.com