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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
ACV Auctions Inc. is the larger business by last-quarter revenue ($183.6M vs $152.8M, roughly 1.2× Riot Platforms, Inc.). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs 7.2%). ACV Auctions Inc. produced more free cash flow last quarter ($-14.7M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 12.3%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
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.
ACVA vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $152.8M |
| Net Profit | — | $-690.7M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | -447.9% |
| Net Margin | — | -452.0% |
| Revenue YoY | 15.1% | 7.2% |
| Net Profit YoY | — | -606.3% |
| EPS (diluted) | $-0.12 | $-1.89 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.6M | $152.8M | ||
| Q3 25 | $199.6M | $180.2M | ||
| Q2 25 | $193.7M | $153.0M | ||
| Q1 25 | $182.7M | $161.4M | ||
| Q4 24 | $159.5M | $142.6M | ||
| Q3 24 | $171.3M | $84.8M | ||
| Q2 24 | $160.6M | $70.0M | ||
| Q1 24 | $145.7M | $79.3M |
| Q4 25 | — | $-690.7M | ||
| Q3 25 | $-24.5M | $104.5M | ||
| Q2 25 | $-7.3M | $219.5M | ||
| Q1 25 | $-14.8M | $-296.4M | ||
| Q4 24 | — | $136.4M | ||
| Q3 24 | $-16.0M | $-154.4M | ||
| Q2 24 | $-17.1M | $-84.4M | ||
| Q1 24 | $-20.5M | $211.8M |
| Q4 25 | -9.7% | -447.9% | ||
| Q3 25 | -11.9% | 44.4% | ||
| Q2 25 | -3.7% | — | ||
| Q1 25 | -7.9% | -144.9% | ||
| Q4 24 | -16.2% | — | ||
| Q3 24 | -10.0% | -143.3% | ||
| Q2 24 | -11.6% | -167.2% | ||
| Q1 24 | -15.5% | — |
| Q4 25 | — | -452.0% | ||
| Q3 25 | -12.3% | 58.0% | ||
| Q2 25 | -3.8% | 143.4% | ||
| Q1 25 | -8.1% | -183.6% | ||
| Q4 24 | — | 95.7% | ||
| Q3 24 | -9.4% | -182.1% | ||
| Q2 24 | -10.6% | -120.6% | ||
| Q1 24 | -14.1% | 267.1% |
| Q4 25 | $-0.12 | $-1.89 | ||
| Q3 25 | $-0.14 | $0.26 | ||
| Q2 25 | $-0.04 | $0.58 | ||
| Q1 25 | $-0.09 | $-0.90 | ||
| Q4 24 | $-0.15 | $0.39 | ||
| Q3 24 | $-0.10 | $-0.54 | ||
| Q2 24 | $-0.10 | $-0.32 | ||
| Q1 24 | $-0.13 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $429.7M | $2.9B |
| Total Assets | $1.1B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $233.5M | ||
| Q3 25 | $265.3M | $330.7M | ||
| Q2 25 | $258.4M | $255.4M | ||
| Q1 25 | $291.9M | $163.7M | ||
| Q4 24 | $224.1M | $277.9M | ||
| Q3 24 | $252.5M | $355.7M | ||
| Q2 24 | $215.0M | $481.2M | ||
| Q1 24 | $209.8M | $688.5M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $429.7M | $2.9B | ||
| Q3 25 | $434.4M | $3.5B | ||
| Q2 25 | $448.8M | $3.3B | ||
| Q1 25 | $439.6M | $2.9B | ||
| Q4 24 | $440.0M | $3.1B | ||
| Q3 24 | $456.2M | $2.7B | ||
| Q2 24 | $457.6M | $2.6B | ||
| Q1 24 | $458.3M | $2.5B |
| Q4 25 | $1.1B | $3.9B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.1B | $4.3B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $984.1M | $3.9B | ||
| Q3 24 | $1.0B | $2.9B | ||
| Q2 24 | $1.0B | $2.7B | ||
| Q1 24 | $1.0B | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $-572.9M |
| Free Cash FlowOCF − Capex | $-14.7M | $-774.3M |
| FCF MarginFCF / Revenue | -8.0% | -506.6% |
| Capex IntensityCapex / Revenue | 1.2% | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $-572.9M | ||
| Q3 25 | $10.3M | $-114.0M | ||
| Q2 25 | $13.7M | $-231.3M | ||
| Q1 25 | $66.6M | $-122.1M | ||
| Q4 24 | $-3.2M | $-255.1M | ||
| Q3 24 | $21.1M | $-56.3M | ||
| Q2 24 | $4.5M | $-42.5M | ||
| Q1 24 | $43.0M | $-57.9M |
| Q4 25 | $-14.7M | $-774.3M | ||
| Q3 25 | $7.7M | $-139.7M | ||
| Q2 25 | $10.9M | $-291.7M | ||
| Q1 25 | $65.3M | $-154.9M | ||
| Q4 24 | $-3.9M | $-495.4M | ||
| Q3 24 | $20.2M | $-127.6M | ||
| Q2 24 | $2.7M | $-96.1M | ||
| Q1 24 | $41.9M | $-115.2M |
| Q4 25 | -8.0% | -506.6% | ||
| Q3 25 | 3.8% | -77.5% | ||
| Q2 25 | 5.6% | -190.7% | ||
| Q1 25 | 35.7% | -96.0% | ||
| Q4 24 | -2.5% | -347.5% | ||
| Q3 24 | 11.8% | -150.5% | ||
| Q2 24 | 1.7% | -137.2% | ||
| Q1 24 | 28.8% | -145.2% |
| Q4 25 | 1.2% | 131.8% | ||
| Q3 25 | 1.3% | 14.3% | ||
| Q2 25 | 1.5% | 39.5% | ||
| Q1 25 | 0.7% | 20.4% | ||
| Q4 24 | 0.4% | 168.6% | ||
| Q3 24 | 0.6% | 84.1% | ||
| Q2 24 | 1.1% | 76.5% | ||
| Q1 24 | 0.7% | 72.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.09× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.87× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
