For the year ending 2025-12-31, RIOT made $647,435K in revenue. -$663,181K in net income. Net profit margin of -102.43%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenue | 647,435 | 376,658 | 280,678 | 259,171 |
| Cost of revenue (excludes depreciation and amortization presented below)-Mining | 339,011 | 189,224 | 96,597 | - |
| Cost of revenues-Product | - | - | - | 74,335 |
| Cost of revenues-Data Center Hosting | - | - | 97,122 | - |
| Cost of revenues-Revenue Net Data Center Hosting | - | - | - | 61,906 |
| Cost of revenue (excludes depreciation and amortization presented below)-Engineering | 50,893 | 41,731 | 60,614 | - |
| Cost of revenues-Revenue Net Engineering | - | - | - | 57,455 |
| Cost of revenue (excludes depreciation and amortization presented below)-Other Revenue | 11,971 | 31,800 | - | - |
| Acquisition-related costs | 187 | 5,541 | - | 78 |
| Selling, general and administrative | - | - | - | 67,452 |
| Selling, general, and administrative | 298,776 | 266,915 | 100,346 | - |
| Depreciation and amortization | 346,811 | 212,053 | 252,354 | 107,950 |
| Change in fair value of bitcoin | -115,880 | 457,409 | 184,734 | - |
| Change in fair value of derivative assets | -1,447 | 45,277 | 6,721 | 71,418 |
| Power curtailment credits | -56,729 | -33,685 | -71,215 | -27,345 |
| Change in fair value of contingent consideration | -18,071 | -2,459 | - | -159 |
| Loss on contract settlement | -158,137 | - | - | - |
| Loss on legal settlement | -20,000 | - | - | - |
| Realized gain on sale/exchange of bitcoin | - | - | - | 30,346 |
| Gain on acquisition post-close dispute settlement | 26,007 | - | - | - |
| Loss (gain) on sale of equipment | 2,267 | -17,429 | -5,336 | 16,281 |
| Casualty-related charges (recoveries), net | -174 | -2,795 | -5,974 | 9,688 |
| Impairment of bitcoin | - | - | - | 147,365 |
| Impairment of goodwill | - | - | - | 335,648 |
| Impairment of miners | - | - | - | 55,544 |
| Impairment of property and equipment | 29,736 | - | - | - |
| Total costs and expenses | 1,269,601 | 223,068 | 343,725 | 771,872 |
| Operating income (loss) | -622,166 | 153,590 | -63,047 | -512,701 |
| Interest income | 13,984 | 27,166 | - | - |
| Interest expense | 24,144 | 1,985 | - | - |
| Interest income (expense) | - | - | 8,222 | 454 |
| Loss on equity method investment - marketable securities | -28,192 | - | - | - |
| Realized loss on sale of marketable equity securities | - | - | - | -8,996 |
| Unrealized gain (loss) on equity method investment - marketable securities | - | -69,489 | - | - |
| Loss on convertible notes investment | -5,757 | - | - | - |
| Other income (expense) | 2,944 | 863 | 260 | -59 |
| Total other income (expense) | -41,165 | -43,445 | 8,482 | -8,601 |
| Net income (loss) before taxes | -663,331 | 110,145 | -54,565 | -521,302 |
| Current income tax benefit (expense) | -150 | 744 | -48 | 789 |
| Deferred income tax benefit (expense) | - | - | -5,045 | -12,538 |
| Total income tax benefit (expense) | -150 | 744 | -5,093 | -11,749 |
| Net income (loss) | - | - | - | -509,553 |
| Net income (loss) | -663,181 | 109,401 | -49,472 | -509,553 |
| Basic EPS | -1.95 | 0.4 | -0.28 | -3.65 |
| Diluted EPS | -1.95 | 0.34 | -0.28 | -3.66 |
| Basic Average Shares | 340,719,298 | 275,980,010 | 175,026,051 | 139,433,901 |
| Diluted Average Shares | 340,719,298 | 318,925,961 | 175,026,051 | 139,433,901 |
Riot Platforms, Inc. (RIOT)
Riot Platforms, Inc. (RIOT)