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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) 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 $105.1M, roughly 1.5× OLAPLEX HOLDINGS, INC.). OLAPLEX HOLDINGS, INC. runs the higher net margin — -12.5% vs -452.0%, a 439.5% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 3.1%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.
OLPX vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $152.8M |
| Net Profit | $-13.1M | $-690.7M |
| Gross Margin | 68.0% | — |
| Operating Margin | -4.3% | -447.9% |
| Net Margin | -12.5% | -452.0% |
| Revenue YoY | 4.3% | 7.2% |
| Net Profit YoY | -48.9% | -606.3% |
| EPS (diluted) | $-0.02 | $-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 | $105.1M | $152.8M | ||
| Q3 25 | $114.6M | $180.2M | ||
| Q2 25 | $106.3M | $153.0M | ||
| Q1 25 | $97.0M | $161.4M | ||
| Q4 24 | $100.7M | $142.6M | ||
| Q3 24 | $119.1M | $84.8M | ||
| Q2 24 | $103.9M | $70.0M | ||
| Q1 24 | $98.9M | $79.3M |
| Q4 25 | $-13.1M | $-690.7M | ||
| Q3 25 | $11.1M | $104.5M | ||
| Q2 25 | $-7.7M | $219.5M | ||
| Q1 25 | $465.0K | $-296.4M | ||
| Q4 24 | $-8.8M | $136.4M | ||
| Q3 24 | $14.8M | $-154.4M | ||
| Q2 24 | $5.8M | $-84.4M | ||
| Q1 24 | $7.7M | $211.8M |
| Q4 25 | 68.0% | — | ||
| Q3 25 | 69.1% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 69.5% | — | ||
| Q4 24 | 66.3% | — | ||
| Q3 24 | 68.6% | — | ||
| Q2 24 | 69.7% | — | ||
| Q1 24 | 72.1% | — |
| Q4 25 | -4.3% | -447.9% | ||
| Q3 25 | 3.7% | 44.4% | ||
| Q2 25 | -1.1% | — | ||
| Q1 25 | 8.7% | -144.9% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 23.5% | -143.3% | ||
| Q2 24 | 15.7% | -167.2% | ||
| Q1 24 | 19.8% | — |
| Q4 25 | -12.5% | -452.0% | ||
| Q3 25 | 9.7% | 58.0% | ||
| Q2 25 | -7.3% | 143.4% | ||
| Q1 25 | 0.5% | -183.6% | ||
| Q4 24 | -8.7% | 95.7% | ||
| Q3 24 | 12.4% | -182.1% | ||
| Q2 24 | 5.6% | -120.6% | ||
| Q1 24 | 7.8% | 267.1% |
| Q4 25 | $-0.02 | $-1.89 | ||
| Q3 25 | $0.02 | $0.26 | ||
| Q2 25 | $-0.01 | $0.58 | ||
| Q1 25 | $0.00 | $-0.90 | ||
| Q4 24 | $-0.01 | $0.39 | ||
| Q3 24 | $0.02 | $-0.54 | ||
| Q2 24 | $0.01 | $-0.32 | ||
| Q1 24 | $0.01 | $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 | $318.7M | $233.5M |
| Total DebtLower is stronger | $352.3M | $840.8M |
| Stockholders' EquityBook value | $879.4M | $2.9B |
| Total Assets | $1.5B | $3.9B |
| Debt / EquityLower = less leverage | 0.40× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $233.5M | ||
| Q3 25 | $286.4M | $330.7M | ||
| Q2 25 | $289.3M | $255.4M | ||
| Q1 25 | $580.9M | $163.7M | ||
| Q4 24 | $586.0M | $277.9M | ||
| Q3 24 | $538.8M | $355.7M | ||
| Q2 24 | $507.9M | $481.2M | ||
| Q1 24 | $507.5M | $688.5M |
| Q4 25 | $352.3M | $840.8M | ||
| Q3 25 | $352.1M | $5.3M | ||
| Q2 25 | $351.9M | $5.3M | ||
| Q1 25 | $649.1M | $5.3M | ||
| Q4 24 | $650.5M | $584.6M | ||
| Q3 24 | $651.8M | $5.7M | ||
| Q2 24 | $653.1M | — | ||
| Q1 24 | $654.4M | — |
| Q4 25 | $879.4M | $2.9B | ||
| Q3 25 | $888.7M | $3.5B | ||
| Q2 25 | $874.2M | $3.3B | ||
| Q1 25 | $878.3M | $2.9B | ||
| Q4 24 | $874.4M | $3.1B | ||
| Q3 24 | $879.7M | $2.7B | ||
| Q2 24 | $863.3M | $2.6B | ||
| Q1 24 | $855.7M | $2.5B |
| Q4 25 | $1.5B | $3.9B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.5B | $4.3B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.8B | $3.9B | ||
| Q3 24 | $1.8B | $2.9B | ||
| Q2 24 | $1.8B | $2.7B | ||
| Q1 24 | $1.8B | $2.6B |
| Q4 25 | 0.40× | 0.29× | ||
| Q3 25 | 0.40× | 0.00× | ||
| Q2 25 | 0.40× | 0.00× | ||
| Q1 25 | 0.74× | 0.00× | ||
| Q4 24 | 0.74× | 0.19× | ||
| Q3 24 | 0.74× | 0.00× | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.76× | — |
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 | $32.7M | $-572.9M |
| Free Cash FlowOCF − Capex | $32.6M | $-774.3M |
| FCF MarginFCF / Revenue | 31.0% | -506.6% |
| Capex IntensityCapex / Revenue | 0.1% | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.7M | $-572.9M | ||
| Q3 25 | $8.0M | $-114.0M | ||
| Q2 25 | $20.9M | $-231.3M | ||
| Q1 25 | $-2.9M | $-122.1M | ||
| Q4 24 | $49.7M | $-255.1M | ||
| Q3 24 | $33.5M | $-56.3M | ||
| Q2 24 | $16.2M | $-42.5M | ||
| Q1 24 | $43.7M | $-57.9M |
| Q4 25 | $32.6M | $-774.3M | ||
| Q3 25 | $7.9M | $-139.7M | ||
| Q2 25 | $20.8M | $-291.7M | ||
| Q1 25 | $-3.0M | $-154.9M | ||
| Q4 24 | $49.2M | $-495.4M | ||
| Q3 24 | $33.3M | $-127.6M | ||
| Q2 24 | $16.1M | $-96.1M | ||
| Q1 24 | $43.3M | $-115.2M |
| Q4 25 | 31.0% | -506.6% | ||
| Q3 25 | 6.9% | -77.5% | ||
| Q2 25 | 19.6% | -190.7% | ||
| Q1 25 | -3.1% | -96.0% | ||
| Q4 24 | 48.9% | -347.5% | ||
| Q3 24 | 28.0% | -150.5% | ||
| Q2 24 | 15.5% | -137.2% | ||
| Q1 24 | 43.7% | -145.2% |
| Q4 25 | 0.1% | 131.8% | ||
| Q3 25 | 0.1% | 14.3% | ||
| Q2 25 | 0.1% | 39.5% | ||
| Q1 25 | 0.0% | 20.4% | ||
| Q4 24 | 0.4% | 168.6% | ||
| Q3 24 | 0.1% | 84.1% | ||
| Q2 24 | 0.1% | 76.5% | ||
| Q1 24 | 0.5% | 72.3% |
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | -1.09× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | -6.27× | — | ||
| Q4 24 | — | -1.87× | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 2.81× | — | ||
| Q1 24 | 5.64× | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
