| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 205,666 | 233,517 | 330,745 | 255,371 |
| Restricted cash | 76,873 | 76,272 | 75,612 | 74,877 |
| Accounts receivable, net | 66,569 | 29,788 | 26,539 | 25,427 |
| Contract assets | 14,100 | 8,308 | 2,084 | 6,498 |
| Prepaid expenses and other current assets | 76,053 | 59,447 | 47,080 | 50,196 |
| Derivative assets, current portion | 23,404 | 41,378 | 46,533 | 41,226 |
| Equity method investment - marketable securities, at fair value | NaN | NaN | NaN | 62,508 |
| Total current assets | 462,665 | 448,710 | 528,593 | 516,103 |
| Property and equipment, net | 1,585,891 | 1,528,716 | 1,360,530 | 1,301,732 |
| Bitcoin | 673,885 | 1,227,462 | 1,823,630 | 1,711,908 |
| Restricted bitcoin | 395,810 | 347,979 | 376,423 | 353,672 |
| Deposits | 38,740 | 76,511 | 65,198 | 88,659 |
| Finite-lived intangible assets, net | 29,246 | 30,187 | 31,128 | 32,070 |
| Derivative assets, less current portion | 73,714 | 106,670 | 112,901 | 107,416 |
| Operating lease right-of-use assets | NaN | NaN | NaN | 30,803 |
| Right-of-use assets | 38,896 | 30,171 | 34,492 | NaN |
| Goodwill | 122,499 | 122,499 | 122,499 | 122,499 |
| Other long-term assets | 16,674 | 17,862 | 23,422 | 20,539 |
| Total assets | 3,438,020 | 3,936,767 | 4,478,816 | 4,285,401 |
| Accounts payable | 10,686 | 23,420 | 12,698 | 18,057 |
| Contract liabilities | 64,707 | 37,117 | 18,206 | 21,601 |
| Accrued expenses | NaN | 142,852 | 60,090 | 70,006 |
| Deferred revenue, current portion | NaN | NaN | 1,983 | 806 |
| Accrued expenses and other current liabilities | 82,171 | NaN | NaN | NaN |
| Contingent consideration liabilities, current portion | 8,195 | 6,185 | 6,185 | 6,084 |
| Current portion of debt | 254,502 | 253,887 | 253,243 | 252,627 |
| Operating lease liability, current portion | 9,058 | 6,314 | 6,143 | 5,726 |
| Total current liabilities | 429,319 | 469,775 | 358,548 | 374,907 |
| Deferred revenue, less current portion | NaN | NaN | NaN | 243 |
| Operating lease liability, less current portion | 25,964 | 19,648 | 25,963 | 25,422 |
| Contingent consideration liabilities, less current portion | NaN | 2,010 | 3,029 | 3,129 |
| Debt, less current portion | 587,661 | 586,909 | 586,501 | 585,750 |
| Other long-term liabilities | 373 | 19 | 25 | 34 |
| Total liabilities | 1,043,317 | 1,078,361 | 974,066 | 989,485 |
| Preferred stock, no par value, 15,000,000 shares authorized | NaN | NaN | 0 | NaN |
| 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 | NaN | NaN | 0 | NaN |
| 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 | NaN | NaN | 0 | NaN |
| Common stock, no par value 680,000,000 shares authorized 378,987,341 and 371,575,652 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively | 4,248,780 | 4,212,006 | 4,167,381 | 4,063,053 |
| Accumulated deficit | -1,854,077 | -1,353,600 | -662,852 | -767,332 |
| Accumulated other comprehensive income (loss), net | NaN | NaN | 221 | 195 |
| Total stockholders' equity | 2,394,703 | 2,858,406 | 3,504,750 | 3,295,916 |
| Total liabilities and stockholders' equity | 3,438,020 | 3,936,767 | 4,478,816 | 4,285,401 |
Riot Platforms, Inc. (RIOT)
Riot Platforms, Inc. (RIOT)