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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Donnelley Financial Solutions, Inc. is the larger business by last-quarter revenue ($172.5M vs $152.8M, roughly 1.1× Riot Platforms, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -452.0%, a 455.6% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 7.2%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs -7.9%).
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
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.
DFIN vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $152.8M |
| Net Profit | $6.2M | $-690.7M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | -447.9% |
| Net Margin | 3.6% | -452.0% |
| Revenue YoY | 10.4% | 7.2% |
| Net Profit YoY | -1.6% | -606.3% |
| EPS (diluted) | $0.31 | $-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 | $172.5M | $152.8M | ||
| Q3 25 | $175.3M | $180.2M | ||
| Q2 25 | $218.1M | $153.0M | ||
| Q1 25 | $201.1M | $161.4M | ||
| Q4 24 | $156.3M | $142.6M | ||
| Q3 24 | $179.5M | $84.8M | ||
| Q2 24 | $242.7M | $70.0M | ||
| Q1 24 | $203.4M | $79.3M |
| Q4 25 | $6.2M | $-690.7M | ||
| Q3 25 | $-40.9M | $104.5M | ||
| Q2 25 | $36.1M | $219.5M | ||
| Q1 25 | $31.0M | $-296.4M | ||
| Q4 24 | $6.3M | $136.4M | ||
| Q3 24 | $8.7M | $-154.4M | ||
| Q2 24 | $44.1M | $-84.4M | ||
| Q1 24 | $33.3M | $211.8M |
| Q4 25 | 8.3% | -447.9% | ||
| Q3 25 | 16.1% | 44.4% | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.8% | -144.9% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 10.1% | -143.3% | ||
| Q2 24 | 26.6% | -167.2% | ||
| Q1 24 | 21.9% | — |
| Q4 25 | 3.6% | -452.0% | ||
| Q3 25 | -23.3% | 58.0% | ||
| Q2 25 | 16.6% | 143.4% | ||
| Q1 25 | 15.4% | -183.6% | ||
| Q4 24 | 4.0% | 95.7% | ||
| Q3 24 | 4.8% | -182.1% | ||
| Q2 24 | 18.2% | -120.6% | ||
| Q1 24 | 16.4% | 267.1% |
| Q4 25 | $0.31 | $-1.89 | ||
| Q3 25 | $-1.49 | $0.26 | ||
| Q2 25 | $1.28 | $0.58 | ||
| Q1 25 | $1.05 | $-0.90 | ||
| Q4 24 | $0.21 | $0.39 | ||
| Q3 24 | $0.29 | $-0.54 | ||
| Q2 24 | $1.47 | $-0.32 | ||
| Q1 24 | $1.09 | $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 | $24.5M | $233.5M |
| Total DebtLower is stronger | $171.3M | $840.8M |
| Stockholders' EquityBook value | $379.2M | $2.9B |
| Total Assets | $800.4M | $3.9B |
| Debt / EquityLower = less leverage | 0.45× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $233.5M | ||
| Q3 25 | $22.7M | $330.7M | ||
| Q2 25 | $33.8M | $255.4M | ||
| Q1 25 | $16.2M | $163.7M | ||
| Q4 24 | $57.3M | $277.9M | ||
| Q3 24 | $33.6M | $355.7M | ||
| Q2 24 | $35.0M | $481.2M | ||
| Q1 24 | $43.7M | $688.5M |
| Q4 25 | $171.3M | $840.8M | ||
| Q3 25 | $154.7M | $5.3M | ||
| Q2 25 | $190.1M | $5.3M | ||
| Q1 25 | $189.5M | $5.3M | ||
| Q4 24 | $124.7M | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $379.2M | $2.9B | ||
| Q3 25 | $423.1M | $3.5B | ||
| Q2 25 | $432.1M | $3.3B | ||
| Q1 25 | $419.9M | $2.9B | ||
| Q4 24 | $436.1M | $3.1B | ||
| Q3 24 | $444.5M | $2.7B | ||
| Q2 24 | $441.5M | $2.6B | ||
| Q1 24 | $408.9M | $2.5B |
| Q4 25 | $800.4M | $3.9B | ||
| Q3 25 | $816.3M | $4.5B | ||
| Q2 25 | $874.7M | $4.3B | ||
| Q1 25 | $852.8M | $3.7B | ||
| Q4 24 | $841.6M | $3.9B | ||
| Q3 24 | $843.6M | $2.9B | ||
| Q2 24 | $882.9M | $2.7B | ||
| Q1 24 | $867.8M | $2.6B |
| Q4 25 | 0.45× | 0.29× | ||
| Q3 25 | 0.37× | 0.00× | ||
| Q2 25 | 0.44× | 0.00× | ||
| Q1 25 | 0.45× | 0.00× | ||
| Q4 24 | 0.29× | 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 | $59.8M | $-572.9M |
| Free Cash FlowOCF − Capex | $47.9M | $-774.3M |
| FCF MarginFCF / Revenue | 27.8% | -506.6% |
| Capex IntensityCapex / Revenue | 6.9% | 131.8% |
| Cash ConversionOCF / Net Profit | 9.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $-572.9M | ||
| Q3 25 | $74.4M | $-114.0M | ||
| Q2 25 | $68.4M | $-231.3M | ||
| Q1 25 | $-37.7M | $-122.1M | ||
| Q4 24 | $56.4M | $-255.1M | ||
| Q3 24 | $86.4M | $-56.3M | ||
| Q2 24 | $56.2M | $-42.5M | ||
| Q1 24 | $-27.9M | $-57.9M |
| Q4 25 | $47.9M | $-774.3M | ||
| Q3 25 | $59.2M | $-139.7M | ||
| Q2 25 | $51.7M | $-291.7M | ||
| Q1 25 | $-51.0M | $-154.9M | ||
| Q4 24 | $41.3M | $-495.4M | ||
| Q3 24 | $67.3M | $-127.6M | ||
| Q2 24 | $36.8M | $-96.1M | ||
| Q1 24 | $-40.2M | $-115.2M |
| Q4 25 | 27.8% | -506.6% | ||
| Q3 25 | 33.8% | -77.5% | ||
| Q2 25 | 23.7% | -190.7% | ||
| Q1 25 | -25.4% | -96.0% | ||
| Q4 24 | 26.4% | -347.5% | ||
| Q3 24 | 37.5% | -150.5% | ||
| Q2 24 | 15.2% | -137.2% | ||
| Q1 24 | -19.8% | -145.2% |
| Q4 25 | 6.9% | 131.8% | ||
| Q3 25 | 8.7% | 14.3% | ||
| Q2 25 | 7.7% | 39.5% | ||
| Q1 25 | 6.6% | 20.4% | ||
| Q4 24 | 9.7% | 168.6% | ||
| Q3 24 | 10.6% | 84.1% | ||
| Q2 24 | 8.0% | 76.5% | ||
| Q1 24 | 6.0% | 72.3% |
| Q4 25 | 9.65× | — | ||
| Q3 25 | — | -1.09× | ||
| Q2 25 | 1.89× | -1.05× | ||
| Q1 25 | -1.22× | — | ||
| Q4 24 | 8.95× | -1.87× | ||
| Q3 24 | 9.93× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | -0.84× | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
