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Side-by-side financial comparison of Claritev Corp (CTEV) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $152.8M, roughly 1.6× Riot Platforms, Inc.). Claritev Corp runs the higher net margin — -32.7% vs -452.0%, a 419.3% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs 6.2%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 2.5%).
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.
CTEV vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $152.8M |
| Net Profit | $-80.6M | $-690.7M |
| Gross Margin | — | — |
| Operating Margin | -3.1% | -447.9% |
| Net Margin | -32.7% | -452.0% |
| Revenue YoY | 6.2% | 7.2% |
| Net Profit YoY | 41.6% | -606.3% |
| EPS (diluted) | $-4.88 | $-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 | $246.6M | $152.8M | ||
| Q3 25 | $246.0M | $180.2M | ||
| Q2 25 | $241.6M | $153.0M | ||
| Q1 25 | $231.3M | $161.4M | ||
| Q4 24 | $232.1M | $142.6M | ||
| Q3 24 | $230.5M | $84.8M | ||
| Q2 24 | $233.5M | $70.0M | ||
| Q1 24 | $234.5M | $79.3M |
| Q4 25 | $-80.6M | $-690.7M | ||
| Q3 25 | $-69.8M | $104.5M | ||
| Q2 25 | $-62.6M | $219.5M | ||
| Q1 25 | $-71.3M | $-296.4M | ||
| Q4 24 | $-138.0M | $136.4M | ||
| Q3 24 | $-391.4M | $-154.4M | ||
| Q2 24 | $-576.7M | $-84.4M | ||
| Q1 24 | $-539.7M | $211.8M |
| Q4 25 | -3.1% | -447.9% | ||
| Q3 25 | 4.1% | 44.4% | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 4.2% | -144.9% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | -146.7% | -143.3% | ||
| Q2 24 | -224.4% | -167.2% | ||
| Q1 24 | -207.4% | — |
| Q4 25 | -32.7% | -452.0% | ||
| Q3 25 | -28.4% | 58.0% | ||
| Q2 25 | -25.9% | 143.4% | ||
| Q1 25 | -30.8% | -183.6% | ||
| Q4 24 | -59.4% | 95.7% | ||
| Q3 24 | -169.8% | -182.1% | ||
| Q2 24 | -247.0% | -120.6% | ||
| Q1 24 | -230.1% | 267.1% |
| Q4 25 | $-4.88 | $-1.89 | ||
| Q3 25 | $-4.23 | $0.26 | ||
| Q2 25 | $-3.81 | $0.58 | ||
| Q1 25 | $-4.38 | $-0.90 | ||
| Q4 24 | $-8.49 | $0.39 | ||
| Q3 24 | $-24.25 | $-0.54 | ||
| Q2 24 | $-35.78 | $-0.32 | ||
| Q1 24 | $-33.40 | $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 | $16.8M | $233.5M |
| Total DebtLower is stronger | $4.6B | $840.8M |
| Stockholders' EquityBook value | $-173.9M | $2.9B |
| Total Assets | $4.9B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | $233.5M | ||
| Q3 25 | $39.2M | $330.7M | ||
| Q2 25 | $56.4M | $255.4M | ||
| Q1 25 | $23.1M | $163.7M | ||
| Q4 24 | $16.8M | $277.9M | ||
| Q3 24 | $86.6M | $355.7M | ||
| Q2 24 | $48.8M | $481.2M | ||
| Q1 24 | $58.7M | $688.5M |
| Q4 25 | $4.6B | $840.8M | ||
| Q3 25 | $4.5B | $5.3M | ||
| Q2 25 | $4.5B | $5.3M | ||
| Q1 25 | $4.5B | $5.3M | ||
| Q4 24 | $4.5B | $584.6M | ||
| Q3 24 | $4.5B | $5.7M | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-173.9M | $2.9B | ||
| Q3 25 | $-101.8M | $3.5B | ||
| Q2 25 | $-39.9M | $3.3B | ||
| Q1 25 | $14.8M | $2.9B | ||
| Q4 24 | $84.0M | $3.1B | ||
| Q3 24 | $207.6M | $2.7B | ||
| Q2 24 | $603.4M | $2.6B | ||
| Q1 24 | $1.2B | $2.5B |
| Q4 25 | $4.9B | $3.9B | ||
| Q3 25 | $5.0B | $4.5B | ||
| Q2 25 | $5.1B | $4.3B | ||
| Q1 25 | $5.1B | $3.7B | ||
| Q4 24 | $5.2B | $3.9B | ||
| Q3 24 | $5.3B | $2.9B | ||
| Q2 24 | $5.7B | $2.7B | ||
| Q1 24 | $6.4B | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | 304.87× | 0.00× | ||
| Q4 24 | 53.67× | 0.19× | ||
| Q3 24 | 21.73× | 0.00× | ||
| Q2 24 | 7.48× | — | ||
| Q1 24 | 3.85× | — |
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 | $66.3M | $-572.9M |
| Free Cash FlowOCF − Capex | $36.4M | $-774.3M |
| FCF MarginFCF / Revenue | 14.8% | -506.6% |
| Capex IntensityCapex / Revenue | 12.1% | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | $-572.9M | ||
| Q3 25 | $19.9M | $-114.0M | ||
| Q2 25 | $61.2M | $-231.3M | ||
| Q1 25 | $-30.1M | $-122.1M | ||
| Q4 24 | $-33.4M | $-255.1M | ||
| Q3 24 | $72.8M | $-56.3M | ||
| Q2 24 | $18.5M | $-42.5M | ||
| Q1 24 | $49.7M | $-57.9M |
| Q4 25 | $36.4M | $-774.3M | ||
| Q3 25 | $-16.3M | $-139.7M | ||
| Q2 25 | $36.6M | $-291.7M | ||
| Q1 25 | $-68.9M | $-154.9M | ||
| Q4 24 | $-63.8M | $-495.4M | ||
| Q3 24 | $41.1M | $-127.6M | ||
| Q2 24 | $-7.0M | $-96.1M | ||
| Q1 24 | $19.2M | $-115.2M |
| Q4 25 | 14.8% | -506.6% | ||
| Q3 25 | -6.6% | -77.5% | ||
| Q2 25 | 15.2% | -190.7% | ||
| Q1 25 | -29.8% | -96.0% | ||
| Q4 24 | -27.5% | -347.5% | ||
| Q3 24 | 17.8% | -150.5% | ||
| Q2 24 | -3.0% | -137.2% | ||
| Q1 24 | 8.2% | -145.2% |
| Q4 25 | 12.1% | 131.8% | ||
| Q3 25 | 14.7% | 14.3% | ||
| Q2 25 | 10.2% | 39.5% | ||
| Q1 25 | 16.8% | 20.4% | ||
| Q4 24 | 13.1% | 168.6% | ||
| Q3 24 | 13.8% | 84.1% | ||
| Q2 24 | 10.9% | 76.5% | ||
| Q1 24 | 13.0% | 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
CTEV
Segment breakdown not available.
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
