RIOT Q2 2024 Earnings — Riot Platforms, Inc. Revenue & Financial Results | Market Cap Arena

RIOTRiot Platforms, Inc.

$6B

Q2 2024 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$70M-8.8% YoY

Gross Profit

$16M23.4% margin

Operating Income

-$117M-167.2% margin

Net Income

-$84M-120.6% margin

EPS (Diluted)

$-0.32

QoQ Revenue Growth

-11.7%

Cash Flow

Operating Cash Flow

-$43M

Free Cash Flow

-$236M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$139M

Stockholders' Equity

$2.6B

Cash & Equivalents

$481M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$70M	$77M	-8.8%
Gross Profit	$16M	$13M	+28.2%
Operating Income	-$117M	-$32M	-263.7%
Net Income	-$84M	-$27M	-208.4%

Revenue Segments

Bitcoin Mining Segment

$73M85%

Engineering Segment

$12M15%