Riot Platforms, Inc.RIOTEarnings & Financial Report
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
Revenue
$70.0M
Gross Profit
N/A
Operating Profit
$-117.0M
Net Profit
$-84.4M
Gross Margin
N/A
Operating Margin
-167.2%
Net Margin
-120.6%
YoY Growth
-8.8%
EPS
$-0.32
Riot Platforms, Inc. Q2 FY2024 Financial Summary
Riot Platforms, Inc. reported revenue of $70.0M (down 8.8% YoY) for Q2 FY2024, with a net profit of $-84.4M (down 208.4% YoY) (-120.6% margin).
Key Financial Metrics
| Total Revenue | $70.0M |
|---|---|
| Net Profit | $-84.4M |
| Gross Margin | N/A |
| Operating Margin | -167.2% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Riot Platforms, Inc. Q2 FY2024 revenue of $70.0M breaks down across 3 segments, led by Bitcoin Mining Segment at $55.8M (79.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Bitcoin Mining Segment | $55.8M | 79.6% |
| Engineering Segment | $9.6M | 13.7% |
| Other Revenue | $4.6M | 6.6% |
Riot Platforms, Inc. Revenue by Segment — Quarterly Trend
Riot Platforms, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Bitcoin Mining Segment and Engineering Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Bitcoin Mining Segment | $131.7M | $160.8M | $140.9M | $142.9M |
| Engineering Segment | $21.1M | $19.1M | $10.6M | $13.9M |
| Other Revenue | — | — | $1.5M | $4.6M |
Riot Platforms, Inc. Annual Revenue by Year
Riot Platforms, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $647.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $647.4M |
| 2024 | $376.7M |
| 2023 | $280.7M |
| 2022 | $259.2M |
Riot Platforms, Inc. Quarterly Revenue & Net Profit History
Riot Platforms, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $152.8M | +7.2% | $-690.7M | -452.0% |
| Q3 FY2025 | $180.2M | +112.6% | $104.5M | 58.0% |
| Q2 FY2025 | $153.0M | +118.5% | $219.5M | 143.4% |
| Q1 FY2025 | $161.4M | +103.5% | $-296.4M | -183.6% |
| Q4 FY2024 | $142.6M | +80.9% | $136.4M | 95.7% |
| Q3 FY2024 | $84.8M | +63.4% | $-154.4M | -182.1% |
| Q2 FY2024 | $70.0M | -8.8% | $-84.4M | -120.6% |
| Q1 FY2024 | $79.3M | +8.3% | $211.8M | 267.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79.3M | $70.0M | $84.8M | $142.6M | $161.4M | $153.0M | $180.2M | $152.8M |
| YoY Growth | 8.3% | -8.8% | 63.4% | 80.9% | 103.5% | 118.5% | 112.6% | 7.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.61B | $2.72B | $2.92B | $3.94B | $3.72B | $4.29B | $4.48B | $3.94B |
| Liabilities | $135.8M | $139.1M | $173.3M | $791.6M | $774.2M | $989.5M | $974.1M | $1.08B |
| Equity | $2.48B | $2.58B | $2.75B | $3.14B | $2.94B | $3.30B | $3.50B | $2.86B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-57.9M | $-42.5M | $-56.3M | $-255.1M | $-122.1M | $-231.3M | $-114.0M | $-572.9M |