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Side-by-side financial comparison of AerSale Corp (ASLE) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Riot Platforms, Inc. is the larger business by last-quarter revenue ($152.8M vs $90.9M, roughly 1.7× AerSale Corp). AerSale Corp runs the higher net margin — 5.9% vs -452.0%, a 457.9% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs -4.0%). AerSale Corp produced more free cash flow last quarter ($9.8M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 0.2%).
AerSale, Inc. is a Doral, Florida-based global supplier of aftermarket commercial jet aircraft, engines, used materials, and aeronautical engineering services to passenger and cargo airlines, government, multinational original equipment manufacturers, and independent MROs. AerSale is a member of the Aircraft Fleet Recycling Association.
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.
ASLE vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $152.8M |
| Net Profit | $5.4M | $-690.7M |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | -447.9% |
| Net Margin | 5.9% | -452.0% |
| Revenue YoY | -4.0% | 7.2% |
| Net Profit YoY | 99.7% | -606.3% |
| EPS (diluted) | $0.10 | $-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 | $90.9M | $152.8M | ||
| Q3 25 | $71.2M | $180.2M | ||
| Q2 25 | $107.4M | $153.0M | ||
| Q1 25 | $65.8M | $161.4M | ||
| Q4 24 | $94.7M | $142.6M | ||
| Q3 24 | $82.7M | $84.8M | ||
| Q2 24 | $77.1M | $70.0M | ||
| Q1 24 | $90.5M | $79.3M |
| Q4 25 | $5.4M | $-690.7M | ||
| Q3 25 | $-120.0K | $104.5M | ||
| Q2 25 | $8.6M | $219.5M | ||
| Q1 25 | $-5.3M | $-296.4M | ||
| Q4 24 | $2.7M | $136.4M | ||
| Q3 24 | $509.0K | $-154.4M | ||
| Q2 24 | $-3.6M | $-84.4M | ||
| Q1 24 | $6.3M | $211.8M |
| Q4 25 | 34.1% | — | ||
| Q3 25 | 30.2% | — | ||
| Q2 25 | 32.9% | — | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 28.2% | — | ||
| Q1 24 | 31.8% | — |
| Q4 25 | 7.8% | -447.9% | ||
| Q3 25 | 4.0% | 44.4% | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | -10.1% | -144.9% | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 2.4% | -143.3% | ||
| Q2 24 | -2.4% | -167.2% | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 5.9% | -452.0% | ||
| Q3 25 | -0.2% | 58.0% | ||
| Q2 25 | 8.0% | 143.4% | ||
| Q1 25 | -8.0% | -183.6% | ||
| Q4 24 | 2.9% | 95.7% | ||
| Q3 24 | 0.6% | -182.1% | ||
| Q2 24 | -4.7% | -120.6% | ||
| Q1 24 | 6.9% | 267.1% |
| Q4 25 | $0.10 | $-1.89 | ||
| Q3 25 | $0.00 | $0.26 | ||
| Q2 25 | $0.18 | $0.58 | ||
| Q1 25 | $-0.10 | $-0.90 | ||
| Q4 24 | $0.05 | $0.39 | ||
| Q3 24 | $0.01 | $-0.54 | ||
| Q2 24 | $-0.07 | $-0.32 | ||
| Q1 24 | $0.12 | $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 | $4.4M | $233.5M |
| Total DebtLower is stronger | $1.3M | $840.8M |
| Stockholders' EquityBook value | $424.4M | $2.9B |
| Total Assets | $640.5M | $3.9B |
| Debt / EquityLower = less leverage | 0.00× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $233.5M | ||
| Q3 25 | $5.3M | $330.7M | ||
| Q2 25 | $5.7M | $255.4M | ||
| Q1 25 | $4.7M | $163.7M | ||
| Q4 24 | $4.7M | $277.9M | ||
| Q3 24 | $9.8M | $355.7M | ||
| Q2 24 | $4.3M | $481.2M | ||
| Q1 24 | $2.6M | $688.5M |
| Q4 25 | $1.3M | $840.8M | ||
| Q3 25 | $1.5M | $5.3M | ||
| Q2 25 | $907.0K | $5.3M | ||
| Q1 25 | $1.1M | $5.3M | ||
| Q4 24 | $1.2M | $584.6M | ||
| Q3 24 | $376.0K | $5.7M | ||
| Q2 24 | $522.0K | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | $424.4M | $2.9B | ||
| Q3 25 | $417.1M | $3.5B | ||
| Q2 25 | $415.9M | $3.3B | ||
| Q1 25 | $406.5M | $2.9B | ||
| Q4 24 | $455.6M | $3.1B | ||
| Q3 24 | $451.5M | $2.7B | ||
| Q2 24 | $449.8M | $2.6B | ||
| Q1 24 | $452.0M | $2.5B |
| Q4 25 | $640.5M | $3.9B | ||
| Q3 25 | $646.3M | $4.5B | ||
| Q2 25 | $646.7M | $4.3B | ||
| Q1 25 | $646.1M | $3.7B | ||
| Q4 24 | $604.7M | $3.9B | ||
| Q3 24 | $601.5M | $2.9B | ||
| Q2 24 | $598.7M | $2.7B | ||
| Q1 24 | $571.7M | $2.6B |
| Q4 25 | 0.00× | 0.29× | ||
| Q3 25 | 0.00× | 0.00× | ||
| Q2 25 | 0.00× | 0.00× | ||
| Q1 25 | 0.00× | 0.00× | ||
| Q4 24 | 0.00× | 0.19× | ||
| Q3 24 | 0.00× | 0.00× | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.01× | — |
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 | $11.4M | $-572.9M |
| Free Cash FlowOCF − Capex | $9.8M | $-774.3M |
| FCF MarginFCF / Revenue | 10.8% | -506.6% |
| Capex IntensityCapex / Revenue | 1.7% | 131.8% |
| Cash ConversionOCF / Net Profit | 2.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $-572.9M | ||
| Q3 25 | $-8.9M | $-114.0M | ||
| Q2 25 | $19.8M | $-231.3M | ||
| Q1 25 | $-45.2M | $-122.1M | ||
| Q4 24 | $37.5M | $-255.1M | ||
| Q3 24 | $10.4M | $-56.3M | ||
| Q2 24 | $-15.3M | $-42.5M | ||
| Q1 24 | $-21.5M | $-57.9M |
| Q4 25 | $9.8M | $-774.3M | ||
| Q3 25 | $-9.8M | $-139.7M | ||
| Q2 25 | $18.6M | $-291.7M | ||
| Q1 25 | $-47.6M | $-154.9M | ||
| Q4 24 | $32.3M | $-495.4M | ||
| Q3 24 | $8.9M | $-127.6M | ||
| Q2 24 | $-18.9M | $-96.1M | ||
| Q1 24 | $-25.0M | $-115.2M |
| Q4 25 | 10.8% | -506.6% | ||
| Q3 25 | -13.8% | -77.5% | ||
| Q2 25 | 17.3% | -190.7% | ||
| Q1 25 | -72.4% | -96.0% | ||
| Q4 24 | 34.0% | -347.5% | ||
| Q3 24 | 10.7% | -150.5% | ||
| Q2 24 | -24.6% | -137.2% | ||
| Q1 24 | -27.7% | -145.2% |
| Q4 25 | 1.7% | 131.8% | ||
| Q3 25 | 1.3% | 14.3% | ||
| Q2 25 | 1.1% | 39.5% | ||
| Q1 25 | 3.7% | 20.4% | ||
| Q4 24 | 5.6% | 168.6% | ||
| Q3 24 | 1.9% | 84.1% | ||
| Q2 24 | 4.7% | 76.5% | ||
| Q1 24 | 3.9% | 72.3% |
| Q4 25 | 2.11× | — | ||
| Q3 25 | — | -1.09× | ||
| Q2 25 | 2.31× | -1.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.89× | -1.87× | ||
| Q3 24 | 20.52× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -3.42× | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
