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Riot Platforms, Inc. cash flow statement

In fiscal 2025, Riot Platforms, Inc.'s operations generated −$573m of cash; it spent $201m on capital projects, leaving free cash flow of −$774m. It returned $4.3m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations−4−19−15−3−86133−255−573−492
Depreciation and amortisation1502626106247206343377
Stock-based pay3513682532125126141
Capital spending—2058147148194240201284
Free cash flow—−39−20−11−233−148−161−495−774−777
Free cash flow after stock pay—−44−21−14−302−172−193−621−900−917
Dividends paid10—————————
Share buybacks0——0510141246
Shares issued38125265685305778977213—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Riot Platforms, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Riot Platforms, Inc.