| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 330,745 | 255,371 | 163,719 | 355,709 |
| Restricted cash | 75,612 | 74,877 | 74,152 | 72,673 |
| Accounts receivable, net | 26,539 | 25,427 | 19,524 | 15,348 |
| Contract assets | 2,084 | 6,498 | 8,407 | 15,368 |
| Prepaid expenses and other current assets | 47,080 | 50,196 | 45,177 | 30,638 |
| Equity method investment - marketable securities, at fair value | - | 62,508 | 71,027 | 190,134 |
| Derivative asset, current portion | 46,533 | 41,226 | 67,552 | 36,995 |
| Total current assets | 528,593 | 516,103 | 449,558 | 716,865 |
| Property and equipment, net | 1,360,530 | 1,301,732 | 1,307,055 | 1,173,275 |
| Bitcoin | 1,823,630 | 1,711,908 | 1,586,545 | - |
| Restricted bitcoin | 376,423 | 353,672 | - | - |
| Deposits | 65,198 | 88,659 | 45,232 | 136,376 |
| Finite-lived intangible assets, net | 31,128 | 32,070 | 33,011 | 11,331 |
| Derivative asset, less current portion | 112,901 | 107,416 | 123,837 | 90,621 |
| Operating lease right-of-use assets | - | 30,803 | 32,193 | 23,555 |
| Right-of-use assets | 34,492 | - | - | - |
| Future power credits, less current portion | - | - | - | 589 |
| Goodwill | 122,499 | 122,499 | 122,152 | 96,763 |
| Bitcoin | - | - | - | 660,350 |
| Other long-term assets | 23,422 | 20,539 | 19,434 | 12,571 |
| Total assets | 4,478,816 | 4,285,401 | 3,719,017 | 2,922,296 |
| Accounts payable | 12,698 | 18,057 | 7,935 | 12,512 |
| Contract liabilities | 18,206 | 21,601 | 8,823 | 8,806 |
| Deferred gain on acquisition post-close dispute settlement | - | - | 26,007 | 26,007 |
| Deferred revenue, current portion | 1,983 | 806 | 2,681 | 2,518 |
| Contingent consideration liabilities, current portion | 6,185 | 6,084 | 15,514 | 26,085 |
| Current portion of debt | 253,243 | 252,627 | 314 | 657 |
| Operating lease liability, current portion | 6,143 | 5,726 | 5,716 | 4,291 |
| Accrued expenses | 60,090 | 70,006 | 72,312 | 45,352 |
| Total current liabilities | 358,548 | 374,907 | 139,302 | 126,228 |
| Deferred revenue, less current portion | - | 243 | 13,015 | 14,156 |
| Operating lease liability, less current portion | 25,963 | 25,422 | 27,582 | 20,550 |
| Contingent consideration liabilities, less current portion | 3,029 | 3,129 | 3,089 | 589 |
| Debt, less current portion | 586,501 | 585,750 | 584,999 | 5,600 |
| Other long-term liabilities | 25 | 34 | 6,192 | 6,144 |
| Total liabilities | 974,066 | 989,485 | 774,179 | 173,267 |
| Preferred stock, no par value, 15,000,000 shares authorized | 0 | 0 | 0 | 0 |
| 2 series a convertible preferred stock, 2,000,000 shares authorized no shares issued and outstanding as of september 30, 2025 and december 31, 2024 | 0 | 0 | 0 | 0 |
| 0 series b convertible preferred stock, 1,750,001 shares authorized no shares issued and outstanding as of september 30, 2025 and december 31, 2024 | 0 | 0 | 0 | 0 |
| Common stock, no par value 680,000,000 shares authorized 371,116,270 and 344,890,208 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 4,167,381 | 4,063,053 | 3,931,379 | 3,575,694 |
| Accumulated deficit | -662,852 | -767,332 | -986,786 | -826,854 |
| Accumulated other comprehensive income (loss), net | 221 | 195 | 245 | 189 |
| Total stockholders' equity | 3,504,750 | 3,295,916 | 2,944,838 | 2,749,029 |
| Total liabilities and stockholders' equity | 4,478,816 | 4,285,401 | 3,719,017 | 2,922,296 |
Riot Platforms, Inc. (RIOT)
Riot Platforms, Inc. (RIOT)