| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income (loss) | 27,567 | -76,913 | -296,367 | -27,034 |
| Stock-based compensation | 92,554 | 59,696 | 29,576 | 94,702 |
| Depreciation and amortization | 244,052 | 161,123 | 77,926 | 129,669 |
| Amortization of license fee revenue | -388 | -24 | -24 | -73 |
| Noncash lease expense | 4,265 | 2,651 | 1,261 | 2,709 |
| Amortization of debt issuance costs | 3,243 | 1,876 | 752 | - |
| Change in fair value of bitcoin | 395,892 | 262,772 | -208,040 | 166,231 |
| Change in fair value of derivative asset | -9,939 | 853 | -41,894 | -23,398 |
| Change in fair value of contingent consideration | -17,641 | -17,642 | -8,252 | - |
| Loss on contract settlement | -35,518 | -35,518 | - | - |
| Gain on acquisition post-close dispute settlement | 26,007 | 26,007 | - | - |
| Impairment of property and equipment | 15,279 | - | - | - |
| (gain) loss on equity method investment - marketable securities | -28,192 | -57,095 | -63,238 | -13,620 |
| Proceeds from sale of bitcoin | - | - | - | 9,518 |
| Loss (gain) on sale/exchange of equipment | 2,263 | -479 | -129 | -68 |
| Revenue recognized from bitcoin mined | 444,540 | 283,748 | 142,859 | 194,651 |
| (increase)/decrease in operating assets | 7,963 | 11,401 | -39 | -20,977 |
| Increase/(decrease) in operating liabilities | -13,437 | 5,831 | -13,625 | -16,572 |
| Security deposits | - | - | - | 4,408 |
| Net cash provided by (used in) operating activities | -467,400 | -353,385 | -122,060 | -156,696 |
| Investment in marketable equity securities | - | - | - | 203,754 |
| Acquisition of assets from rhodium | 7,250 | 7,250 | - | - |
| Acquisition of block mining, net of cash acquired | - | - | - | 7,203 |
| Acquisition of land | 50,858 | - | - | - |
| Proceeds from the sale of equity method investment - marketable securities | - | 14,662 | - | - |
| Deposits on equipment | 138,071 | 86,403 | 26,655 | 331,176 |
| Proceeds from sale of bitcoin | 290,953 | 131,802 | - | - |
| Security deposits | 140 | 286 | 286 | - |
| Proceeds from the sale of equity method investment - marketable securities | 106,073 | - | - | - |
| Purchases of property and equipment, including construction in progress | 118,923 | 93,235 | 32,858 | 182,134 |
| Purchases of right-of-use assets | 3,595 | - | - | - |
| Casualty-related recoveries | 166 | 119 | - | 2,487 |
| Repayment of debt assumed in acquisition of block mining | - | - | - | 5,002 |
| Net cash provided by (used in) investing activities | 78,635 | -40,019 | -59,227 | -726,188 |
| Proceeds from the issuance of common stock / at-the-market offering | 199,641 | 123,903 | 70,035 | 746,426 |
| Offering costs for the issuance of common stock / at-the-market offering | 4,460 | 2,841 | 1,630 | 15,647 |
| Proceeds from credit facility-Revolving Credit Facility | 61,000 | 61,000 | - | - |
| Repayments of revolving credit facilities | 6,728 | 6,728 | - | 202 |
| Proceeds from credit facility-Two Hundred Million Credit Facility | 200,000 | 200,000 | - | - |
| Debt issuance costs | 2,396 | 2,396 | 64 | - |
| Repurchase of common shares to pay employee withholding taxes | 3,236 | 587 | 484 | 11,478 |
| Net cash provided by (used in) financing activities | 443,821 | 372,351 | 67,857 | 714,097 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 55,056 | -21,053 | -113,430 | -168,787 |
| Cash and cash equivalents at beginning of period | 351,301 | - | - | - |
| Cash and cash equivalents at end of period | 406,357 | - | - | - |
Riot Platforms, Inc. (RIOT)
Riot Platforms, Inc. (RIOT)