Riot Platforms, Inc. income statement
In fiscal 2025, Riot Platforms, Inc. reported revenue of $647m, up 71.9% on the year before, operating income of −$622m (a -96.1% margin) and net income of −$663m, or −$1.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 8 | 7 | 12 | 213 | 259 | 281 | 377 | 647 | 675 |
| Cost of revenue | 0 | 6 | 6 | 6 | — | — | — | — | — | — |
| Gross profit | 0 | 2 | 1 | 6 | — | — | — | — | — | — |
| Research and development | 0 | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 7 | 21 | 9 | 87 | 87 | 67 | 100 | 267 | 299 | 310 |
| Operating income | −13 | −59 | −9 | −16 | −30 | −513 | −63 | 154 | −622 | −1,344 |
| Interest expense | 5 | 0 | 0 | — | 0 | — | — | — | — | — |
| Income before tax | −18 | −61 | −20 | −14 | −15 | −521 | −55 | 110 | −663 | — |
| Income tax | −2 | −1 | −0 | — | 0 | −12 | −5 | 1 | −0 | — |
| Net income | −20 | −58 | −20 | −14 | −15 | −510 | −49 | 109 | −663 | −1,324 |
| Diluted EPS | −$3.30 | −$4.33 | −$1.02 | −$0.33 | −$0.17 | −$3.65 | −$0.28 | $0.34 | −$1.95 | — |
| Diluted shares (average) | 6m | 13m | 20m | 42m | 93m | 139m | 175m | 319m | 341m | — |
| EBITDA | −12 | −54 | −9 | 11 | −4 | −407 | 183 | 360 | −279 | −967 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 85 | 143 | 161 | 153 | 180 | 153 | 167 | 174 |
| Selling, general and administrative | 67 | 81 | 71 | 76 | 70 | 82 | 76 | 82 |
| Operating income | −122 | 188 | −234 | 216 | 80 | −684 | −500 | −239 |
| Income tax | 0 | 1 | — | — | — | — | — | — |
| Net income | −154 | 136 | −296 | 219 | 104 | −691 | −500 | −237 |
| Diluted EPS | −$0.54 | $0.44 | −$0.90 | $0.58 | $0.26 | −$2.03 | −$1.44 | −$0.68 |
| EBITDA | −62 | 265 | −156 | 299 | 163 | −586 | −402 | −142 |
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