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Riot Platforms, Inc. (RIOT)

For the quarter ending 2025-06-30, RIOT made $152,988K in revenue. $219,454K in net income. Net profit margin of 143.45%.

Overview

Revenue
$152,988K
Net Income
$219,454K
Net Profit Margin
143.45%
EPS
$0.58
Unit: Thousand (K) dollars
Revenue Breakdown
    • Bitcoin Mining Segment
    • Engineering Segment
    • Corporate Non Segment

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total revenue152,988 161,387 84,786 70,018
Change in fair value of bitcoin- - -8,554 76,403
Selling, general, and administrative75,902 71,448 66,936 61,189
Gain on acquisition post-close dispute settlement26,007 - - -
Loss (gain) on sale/exchange of equipment-350 -129 - -68
Depreciation and amortization83,197 77,926 60,000 37,326
Cost of revenue (excludes depreciation and amortization presented below)-Other Revenue3,006 8,965 7,948 10,105
Cost of revenue (excludes depreciation and amortization presented below)-Mining78,175 74,818 51,472 35,275
Cost of revenue (excludes depreciation and amortization presented below)-Engineering9,858 11,806 13,517 8,261
Acquisition-related costs111 76 3,079 -
Power curtailment credits-8,313 -7,801 -12,417 -13,897
Loss on contract settlement-158,137 - - -
Change in fair value of derivative asset-42,747 41,894 -24,318 27,484
Change in fair value of bitcoin470,812 -208,040 - -
Change in fair value of contingent consideration-9,390 -8,252 - -
Casualty-related charges (recoveries), net-119 - - -187
Total costs and expenses-63,158 395,261 206,299 187,059
Operating income (loss)216,146 -233,874 -121,513 -117,041
Interest income (expense)- - 5,175 8,152
Unrealized gain (loss) on equity method investment - marketable securities- -63,238 -38,082 24,462
Other income (expense)244 93 90 33
Interest income3,334 3,397 - -
Interest expense6,093 2,308 - -
Gain (loss) on equity method investment - marketable securities6,143 - - -
Total other income (expense)3,628 -62,056 -32,817 32,647
Net income (loss) before taxes219,774 -295,930 -154,330 -84,394
Current income tax benefit (expense)320 437 32 55
Total income tax benefit (expense)- - 32 55
Net income (loss)219,454 -296,367 -154,362 -84,449
Earnings per share, basic0.65 -0.9 -0.54 -0.32
Earnings per share, diluted0.58 -0.9 -0.54 -0.32
Weighted average number of shares outstanding, basic336,278,380 329,508,458 286,243,674 264,625,308
Weighted average number of shares outstanding, diluted382,677,364 329,508,458 286,243,674 264,625,308
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Bitcoin Mining Segment$140,889K Engineering Segment$15,586K Casualty-related charges(recoveries), net-$119K (36.36%↑ Y/Y)Change in fair value ofcontingent consideration-$9,390K Change in fair value ofbitcoin$470,812K Corporate Non Segment$1,523K OperatingSegments-Reportable Segment...$156,475K Power curtailmentcredits-$8,313K (40.18%↑ Y/Y)Gain on acquisitionpost-close dispute...$26,007K Gain (loss) on equitymethod investment -...$6,143K Total costs andexpenses-$63,158K (-133.76%↓ Y/Y)Total revenue$152,988K (118.50%↑ Y/Y)Interest income$3,334K Other income(expense)$244K (639.39%↑ Y/Y)Change in fair value ofderivative asset-$42,747K (-255.53%↓ Y/Y)Loss on contractsettlement-$158,137K Acquisition-related costs$111K Cost of revenue(excludes depreciation...$9,858K (19.33%↑ Y/Y)Cost of revenue(excludes depreciation...$78,175K (121.62%↑ Y/Y)Cost of revenue(excludes depreciation...$3,006K (-70.25%↓ Y/Y)Depreciation andamortization$83,197K (122.89%↑ Y/Y)Loss (gain) onsale/exchange of equipment-$350K (-414.71%↓ Y/Y)Selling, general, andadministrative$75,902K (24.05%↑ Y/Y)Intersegment Elimination-$5,010K Total other income(expense)$3,628K (-88.89%↓ Y/Y)Operating income (loss)$216,146K (284.68%↑ Y/Y)Interest expense$6,093K Net income (loss)before taxes$219,774K (360.41%↑ Y/Y)Net income (loss)$219,454K (359.87%↑ Y/Y)Current income taxbenefit (expense)$320K (481.82%↑ Y/Y)