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Side-by-side financial comparison of OPKO HEALTH, INC. (OPK) 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 $148.5M, roughly 1.0× OPKO HEALTH, INC.). OPKO HEALTH, INC. runs the higher net margin — -21.1% vs -452.0%, a 430.9% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs -19.2%). OPKO HEALTH, INC. produced more free cash flow last quarter ($-28.6M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs -7.5%).
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
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.
OPK vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $148.5M | $152.8M |
| Net Profit | $-31.3M | $-690.7M |
| Gross Margin | 43.1% | — |
| Operating Margin | -25.8% | -447.9% |
| Net Margin | -21.1% | -452.0% |
| Revenue YoY | -19.2% | 7.2% |
| Net Profit YoY | -322.8% | -606.3% |
| EPS (diluted) | $-0.04 | $-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 | $148.5M | $152.8M | ||
| Q3 25 | $151.7M | $180.2M | ||
| Q2 25 | $156.8M | $153.0M | ||
| Q1 25 | $150.0M | $161.4M | ||
| Q4 24 | $183.6M | $142.6M | ||
| Q3 24 | $173.6M | $84.8M | ||
| Q2 24 | $182.2M | $70.0M | ||
| Q1 24 | $173.7M | $79.3M |
| Q4 25 | $-31.3M | $-690.7M | ||
| Q3 25 | $21.6M | $104.5M | ||
| Q2 25 | $-148.4M | $219.5M | ||
| Q1 25 | $-67.6M | $-296.4M | ||
| Q4 24 | $14.0M | $136.4M | ||
| Q3 24 | $24.9M | $-154.4M | ||
| Q2 24 | $-10.3M | $-84.4M | ||
| Q1 24 | $-81.8M | $211.8M |
| Q4 25 | 43.1% | — | ||
| Q3 25 | 32.9% | — | ||
| Q2 25 | 31.5% | — | ||
| Q1 25 | 28.4% | — | ||
| Q4 24 | 46.1% | — | ||
| Q3 24 | 23.1% | — | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 24.2% | — |
| Q4 25 | -25.8% | -447.9% | ||
| Q3 25 | 31.7% | 44.4% | ||
| Q2 25 | -38.3% | — | ||
| Q1 25 | -44.8% | -144.9% | ||
| Q4 24 | -18.0% | — | ||
| Q3 24 | 8.2% | -143.3% | ||
| Q2 24 | -33.9% | -167.2% | ||
| Q1 24 | -41.2% | — |
| Q4 25 | -21.1% | -452.0% | ||
| Q3 25 | 14.3% | 58.0% | ||
| Q2 25 | -94.7% | 143.4% | ||
| Q1 25 | -45.1% | -183.6% | ||
| Q4 24 | 7.6% | 95.7% | ||
| Q3 24 | 14.3% | -182.1% | ||
| Q2 24 | -5.7% | -120.6% | ||
| Q1 24 | -47.1% | 267.1% |
| Q4 25 | $-0.04 | $-1.89 | ||
| Q3 25 | $0.03 | $0.26 | ||
| Q2 25 | $-0.19 | $0.58 | ||
| Q1 25 | $-0.10 | $-0.90 | ||
| Q4 24 | $0.02 | $0.39 | ||
| Q3 24 | $0.03 | $-0.54 | ||
| Q2 24 | $-0.01 | $-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 | $364.4M | $233.5M |
| Total DebtLower is stronger | $344.0M | $840.8M |
| Stockholders' EquityBook value | $1.3B | $2.9B |
| Total Assets | $1.9B | $3.9B |
| Debt / EquityLower = less leverage | 0.27× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $364.4M | $233.5M | ||
| Q3 25 | $412.0M | $330.7M | ||
| Q2 25 | $267.3M | $255.4M | ||
| Q1 25 | $428.8M | $163.7M | ||
| Q4 24 | $426.6M | $277.9M | ||
| Q3 24 | $400.1M | $355.7M | ||
| Q2 24 | $40.6M | $481.2M | ||
| Q1 24 | $75.6M | $688.5M |
| Q4 25 | $344.0M | $840.8M | ||
| Q3 25 | $344.2M | $5.3M | ||
| Q2 25 | $343.3M | $5.3M | ||
| Q1 25 | $439.2M | $5.3M | ||
| Q4 24 | $437.2M | $584.6M | ||
| Q3 24 | $441.0M | $5.7M | ||
| Q2 24 | $201.9M | — | ||
| Q1 24 | $350.1M | — |
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $1.3B | $3.5B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.3B | $2.9B | ||
| Q4 24 | $1.4B | $3.1B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.4B | $2.6B | ||
| Q1 24 | $1.3B | $2.5B |
| Q4 25 | $1.9B | $3.9B | ||
| Q3 25 | $2.0B | $4.5B | ||
| Q2 25 | $2.0B | $4.3B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $2.2B | $3.9B | ||
| Q3 24 | $2.3B | $2.9B | ||
| Q2 24 | $2.0B | $2.7B | ||
| Q1 24 | $2.0B | $2.6B |
| Q4 25 | 0.27× | 0.29× | ||
| Q3 25 | 0.26× | 0.00× | ||
| Q2 25 | 0.26× | 0.00× | ||
| Q1 25 | 0.33× | 0.00× | ||
| Q4 24 | 0.32× | 0.19× | ||
| Q3 24 | 0.31× | 0.00× | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.28× | — |
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 | $-25.9M | $-572.9M |
| Free Cash FlowOCF − Capex | $-28.6M | $-774.3M |
| FCF MarginFCF / Revenue | -19.3% | -506.6% |
| Capex IntensityCapex / Revenue | 1.8% | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-190.8M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-25.9M | $-572.9M | ||
| Q3 25 | $-34.6M | $-114.0M | ||
| Q2 25 | $-83.4M | $-231.3M | ||
| Q1 25 | $-34.6M | $-122.1M | ||
| Q4 24 | $-44.4M | $-255.1M | ||
| Q3 24 | $-77.1M | $-56.3M | ||
| Q2 24 | $-26.4M | $-42.5M | ||
| Q1 24 | $-35.6M | $-57.9M |
| Q4 25 | $-28.6M | $-774.3M | ||
| Q3 25 | $-37.8M | $-139.7M | ||
| Q2 25 | $-86.7M | $-291.7M | ||
| Q1 25 | $-37.7M | $-154.9M | ||
| Q4 24 | $-49.8M | $-495.4M | ||
| Q3 24 | $-85.0M | $-127.6M | ||
| Q2 24 | $-33.7M | $-96.1M | ||
| Q1 24 | $-40.0M | $-115.2M |
| Q4 25 | -19.3% | -506.6% | ||
| Q3 25 | -24.9% | -77.5% | ||
| Q2 25 | -55.3% | -190.7% | ||
| Q1 25 | -25.2% | -96.0% | ||
| Q4 24 | -27.1% | -347.5% | ||
| Q3 24 | -49.0% | -150.5% | ||
| Q2 24 | -18.5% | -137.2% | ||
| Q1 24 | -23.0% | -145.2% |
| Q4 25 | 1.8% | 131.8% | ||
| Q3 25 | 2.1% | 14.3% | ||
| Q2 25 | 2.1% | 39.5% | ||
| Q1 25 | 2.1% | 20.4% | ||
| Q4 24 | 2.9% | 168.6% | ||
| Q3 24 | 4.6% | 84.1% | ||
| Q2 24 | 4.0% | 76.5% | ||
| Q1 24 | 2.6% | 72.3% |
| Q4 25 | — | — | ||
| Q3 25 | -1.60× | -1.09× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.17× | -1.87× | ||
| Q3 24 | -3.10× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
