For the quarter ending 2025-09-30, RIOT made $491,908,000 in revenue. $104,480,000 in net income. Net profit margin of 21.24%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Cost of revenue (excludes depreciation and amortization presented below)-Other Revenue | - | 3,006,000 | 8,965,000 | 6,873,500 |
| Total revenue | 180,229,000 | 152,988,000 | 161,387,000 | 142,558,000 |
| Cost of revenue (excludes depreciation and amortization presented below)-Mining | 95,765,000 | 78,175,000 | 74,818,000 | 61,393,000 |
| Cost of revenue (excludes depreciation and amortization presented below)-Engineering | 13,707,000 | 9,858,000 | 11,806,000 | 13,935,000 |
| Selling, general, and administrative | 69,832,000 | 75,902,000 | 71,448,000 | 81,138,000 |
| Depreciation and amortization | 82,929,000 | 83,197,000 | 77,926,000 | 82,384,000 |
| Loss on contract settlement | - | -158,137,000 | - | - |
| Change in fair value of bitcoin | 133,120,000 | 470,812,000 | -208,040,000 | 114,352,250 |
| Acquisition-related costs | - | 111,000 | 76,000 | 820,666.667 |
| Change in fair value of derivative asset | 10,792,000 | -42,747,000 | 41,894,000 | 21,879,000 |
| Power curtailment credits | -30,634,000 | -8,313,000 | -7,801,000 | -2,240,000 |
| Gain on acquisition post-close dispute settlement | - | 26,007,000 | - | - |
| Change in fair value of contingent consideration | 1,000 | -9,390,000 | -8,252,000 | -614,750 |
| Loss (gain) on sale/exchange of equipment | 2,742,000 | -350,000 | -129,000 | -5,787,000 |
| Casualty-related charges (recoveries), net | -47,000 | -119,000 | - | -308,000 |
| Impairment of property and equipment | 15,279,000 | - | - | - |
| Total costs and expenses | 100,178,000 | -63,158,000 | 395,261,000 | -45,644,000 |
| Operating income (loss) | 80,051,000 | 216,146,000 | -233,874,000 | 188,202,000 |
| Interest income | 3,919,000 | 3,334,000 | 3,397,000 | 6,791,500 |
| Interest expense | 8,052,000 | 6,093,000 | 2,308,000 | 496,250 |
| Gain (loss) on equity method investment - marketable securities | 28,903,000 | 6,143,000 | - | - |
| Unrealized gain (loss) on equity method investment - marketable securities | - | - | -63,238,000 | -27,934,500 |
| Other income (expense) | 1,344,000 | 244,000 | 93,000 | 732,000 |
| Total other income (expense) | 26,114,000 | 3,628,000 | -62,056,000 | -51,088,000 |
| Net income (loss) before taxes | 106,165,000 | 219,774,000 | -295,930,000 | 137,114,000 |
| Current income tax benefit (expense) | 1,685,000 | 320,000 | 437,000 | 679,000 |
| Total income tax benefit (expense) | - | - | - | 679,000 |
| Net income (loss) | 104,480,000 | 219,454,000 | -296,367,000 | 136,435,000 |
| Earnings per share, basic | 0.3 | 0.65 | -0.9 | 0.44 |
| Earnings per share, diluted | 0.26 | 0.58 | -0.9 | 0.39 |
| Weighted average number of shares outstanding, basic | 347,085,375 | 336,278,380 | 329,508,458 | -534,395,214 |
| Weighted average number of shares outstanding, diluted | 403,179,486 | 382,677,364 | 329,508,458 | -494,301,353 |
Riot Platforms, Inc. (RIOT)
Riot Platforms, Inc. (RIOT)