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MARKETS / NASDAQ / RIOT
NASDAQ · FINANCE SERVICES · LARGE CAP

Riot Platforms, Inc. RIOT

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$647.4M
▲ 71.9% YoY
$-663.2M
▼ 706.2% YoY
$-774.3M
In brief

What this company does

Riot Platforms, Inc. is a vertically integrated digital infrastructure company engaged in developing and optimizing large-scale power assets. It owns and manages multiple large-scale data center facilities in Texas and Kentucky that provide power and infrastructure for its Bitcoin Mining operations. As of December 31, 2025, its total workforce consisted of approximately 816 employees across the organization. It operates in two reportable business segments, Bitcoin Mining and Engineering. Riot Platforms, Inc. was incorporated in the State of Colorado on July 24, 2000 under the name AspenBio, Inc., adopted the name Riot Blockchain, Inc. and reincorporated in Nevada effective October 19, 2017, and adopted its current name effective December 30, 2022.

Written from the business description in Riot Platforms, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 647.4M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 647.4 · Net income -663.2
250.0M500.0M-250.0M-500.0M200920112013201520172019202120232025
Compound annual growth
+35.7%
+121.7%
+140.2%
+64.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +121.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−102 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -96.1% · Net -102.5%
-20000%-40000%200920112013201520172019202120232025
ROE
FY2025 · ROE -22.1%
-100%-200%200920112013201520172019202120232025

Each USD of equity lost 22 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -774.3
-400M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks -208.4
-400M-800M2017202020212022202320242025

Total assetsUSD 3.9B
EquityUSD 2.9B
CashUSD 233.5M
Gross debtUSD 840.8M
Net debtUSD 607.3M
Current ratio0.96×

Net debt stands at 21% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.60.40.30.30.20.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.60.2−0.1−0.5−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.30.40.2−0.4−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.00.0−0.0−0.00.0·−0.0−0.0−0.0········
Net income $B−0.70.1−0.0−0.5−0.0−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.8−0.5−0.2−0.1−0.2−0.0−0.0−0.0·−0.0·−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−1.950.34−0.28−3.65−0.17−0.33−1.02−4.33−3.30−1.05−2.26−0.36−0.72−1.84−7.61−10.17−2.34
Dividend / sh $·················
Payout %········−48········
ROE %−22.14.3−3.3−40.8−1.9−9.4−125.1−212.3−62.2−27.6−44.1−57.0−102.8−126.9−135.5−110.9−121.1
Shares out B0.370.340.230.170.120.080.030.010.010.000.000.030.020.010.000.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 73 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 18 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
Data on record since2009

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