Stocks · Financials · Finance Services

Riot Platforms, Inc.

RIOT Clue Score55
United States Fiscal year ends December CIK 0001167419
$16.89 +0.27% Close, 9 Oct 2026
Price $16.89 −38.89% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Operating income−5.2Net income−4.3Fiscal year 2017Revenue0.3Operating income−13.2Net income−19.8Fiscal year 2018Revenue7.8 +2,809.3%Operating income−59.4Net income−58.0Fiscal year 2019Revenue6.8 −12.8%Operating income−9.4Net income−20.0EPS, diluted−1.02Fiscal year 2020Revenue12.1 +76.7%Operating income−15.5Net income−14.1EPS, diluted−0.33Fiscal year 2021Revenue213.2 +1,665.1%Operating income−29.9Net income−15.4EPS, diluted−0.17Fiscal year 2022Revenue259.2 +21.5%Operating income−512.7Net income−509.6EPS, diluted−3.65Fiscal year 2023Revenue280.7 +8.3%Operating income−63.0Net income−49.5EPS, diluted−0.28Fiscal year 2024Revenue376.7 +34.2%Operating income153.6Net income109.4EPS, diluted0.34Fiscal year 2025Revenue647.4 +71.9%Operating income−622.2Net income−663.2 −706.2%EPS, diluted−1.95
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a 0.3 7.8 6.8 12.1 213.2 259.2 280.7 376.7 647.4
Growth +2,809.3% −12.8% +76.7% +1,665.1% +21.5% +8.3% +34.2% +71.9%
Operating income −5.2 −13.2 −59.4 −9.4 −15.5 −29.9 −512.7 −63.0 153.6 −622.2
Net income −4.3 −19.8 −58.0 −20.0 −14.1 −15.4 −509.6 −49.5 109.4 −663.2
Growth −706.2%
EPS, diluted n/a n/a n/a −1.02 −0.33 −0.17 −3.65 −0.28 0.34 −1.95

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Fiscal year 2017Operating margin−4,878.2%Net margin−7,359.7%Fiscal year 2018Operating margin−756.7%Net margin−739.4%Free cash flow margin−500.3%Fiscal year 2019Operating margin−137.7%Net margin−293.1%Free cash flow margin−298.0%Fiscal year 2020Operating margin−128.7%Net margin−116.8%Free cash flow margin−91.0%Fiscal year 2021Operating margin−14.0%Net margin−7.2%Free cash flow margin−109.4%Fiscal year 2022Operating margin−197.8%Net margin−196.6%Free cash flow margin−57.1%Fiscal year 2023Operating margin−22.5%Net margin−17.6%Free cash flow margin−57.2%Fiscal year 2024Operating margin40.8%Net margin29.0%Free cash flow margin−131.5%Fiscal year 2025Operating margin−96.1%Net margin−102.4%Free cash flow margin−119.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a −4,878.2% −756.7% −137.7% −128.7% −14.0% −197.8% −22.5% 40.8% −96.1%
Net margin n/a −7,359.7% −739.4% −293.1% −116.8% −7.2% −196.6% −17.6% 29.0% −102.4%
Free cash flow margin n/a n/a −500.3% −298.0% −91.0% −109.4% −57.1% −57.2% −131.5% −119.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−5.5Capital expenditure−0.0Free cash flow−5.6Fiscal year 2017Operating cash flow−4.4Dividends paid−9.6Fiscal year 2018Operating cash flow−19.1Capital expenditure−20.2Free cash flow−39.2Fiscal year 2019Operating cash flow−15.4Capital expenditure−5.0Free cash flow−20.4Fiscal year 2020Operating cash flow−2.8Capital expenditure−8.1Free cash flow−11.0Buybacks−0.4Fiscal year 2021Operating cash flow−86.1Capital expenditure−147.1Free cash flow−233.2Buybacks−5.1Fiscal year 2022Operating cash flow0.5Capital expenditure−148.4Free cash flow−147.9Buybacks−10.1Fiscal year 2023Operating cash flow33.1Capital expenditure−193.7Free cash flow−160.6Buybacks−14.0Fiscal year 2024Operating cash flow−255.1Capital expenditure−240.3Free cash flow−495.4Buybacks−11.6Fiscal year 2025Operating cash flow−572.9Capital expenditure−201.4Free cash flow−774.3Buybacks−4.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −5.5 −4.4 −19.1 −15.4 −2.8 −86.1 0.5 33.1 −255.1 −572.9
Capital expenditure −0.0 n/a −20.2 −5.0 −8.1 −147.1 −148.4 −193.7 −240.3 −201.4
Free cash flow −5.6 n/a −39.2 −20.4 −11.0 −233.2 −147.9 −160.6 −495.4 −774.3
Growth
Buybacks n/a n/a n/a n/a −0.4 −5.1 −10.1 −14.0 −11.6 −4.3
Dividends paid n/a −9.6 n/a n/a n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash5.5Shareholders’ equity14.9Fiscal year 2017Cash41.7Shareholders’ equity48.9Fiscal year 2018Cash0.2Shareholders’ equity5.8Fiscal year 2019Cash7.4Shareholders’ equity26.2Fiscal year 2020Cash223.4Shareholders’ equity275.6Fiscal year 2021Cash312.3Shareholders’ equity1,348.4Fiscal year 2022Cash230.3Shareholders’ equity1,151.4Fiscal year 2023Cash597.2Total debt0.8Net cash (debt)596.4Shareholders’ equity1,888.0Debt to equity0.00Fiscal year 2024Cash277.9Total debt584.6Net cash (debt)−306.8Shareholders’ equity3,143.7Debt to equity0.19Fiscal year 2025Cash233.5Total debt840.8Net cash (debt)−607.3Shareholders’ equity2,858.4Debt to equity0.29
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 5.5 41.7 0.2 7.4 223.4 312.3 230.3 597.2 277.9 233.5
Total debt n/a n/a n/a n/a n/a n/a n/a 0.8 584.6 840.8
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a 596.4 −306.8 −607.3
Shareholders’ equity 14.9 48.9 5.8 26.2 275.6 1,348.4 1,151.4 1,888.0 3,143.7 2,858.4
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.00 0.19 0.29

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024† 31 Dec 2024 FY2025 31 Dec 2025
Assets
5.5 41.7 0.2 7.4 223.4 312.3 230.3 597.2 277.9 233.5
0.0 n/a n/a n/a n/a 15.4 26.9 24.7 27.1 29.8
0.4 n/a n/a n/a n/a n/a n/a n/a n/a n/a
0.0 4.3 0.0 5.1 10.1 276.5 692.6 704.2 1,338.8 1,528.7
0.4 1.2 n/a n/a n/a 335.6 n/a n/a 121.9 122.5
17.0 52.3 13.9 30.4 280.1 1,522.0 1,320.0 2,051.1 3,935.3 3,936.8
Growth +207.1% −73.5% +119.2% +822.1% +443.3% −13.3% +55.4% +91.9% +0.0%
Liabilities
n/a n/a n/a n/a n/a n/a n/a 0.3 0.3 253.9
n/a n/a n/a n/a n/a n/a n/a 0.5 584.3 586.9
calc n/a n/a n/a n/a n/a n/a n/a 0.8 584.6 840.8
2.1 2.7 9.4 4.1 3.1 173.6 168.5 163.1 791.6 1,078.4
Equity
−109.9 −139.3 −197.2 −217.2 −229.9 −246.8 −756.3 −799.8 −690.4 −1,353.6
14.9 48.9 5.8 26.2 275.6 1,348.4 1,151.4 1,888.0 3,143.7 2,858.4
Growth +227.5% −88.2% +353.5% +950.3% +389.2% −14.6% +64.0% +66.5% −9.1%
Per share and net cash
calc n/a n/a n/a n/a n/a n/a n/a 596.4 −306.8 −607.3
4.5 11.6 14.5 25.1 78.5 116.7 167.8 230.8 344.9 371.6
calc 3.31 4.20 0.40 1.05 3.51 11.55 6.86 8.18 9.12 7.69

† The diluted share count jumps at 2020 and 2021 and 2024, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how.