vs
Side-by-side financial comparison of CPI Card Group Inc. (PMTS) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $152.8M, roughly 1.0× Riot Platforms, Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -452.0%, a 456.8% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 7.2%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 16.9%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
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.
PMTS vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $152.8M |
| Net Profit | $7.3M | $-690.7M |
| Gross Margin | 31.5% | — |
| Operating Margin | 12.0% | -447.9% |
| Net Margin | 4.8% | -452.0% |
| Revenue YoY | 22.3% | 7.2% |
| Net Profit YoY | 8.5% | -606.3% |
| EPS (diluted) | $0.62 | $-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 | $153.1M | $152.8M | ||
| Q3 25 | $138.0M | $180.2M | ||
| Q2 25 | $129.8M | $153.0M | ||
| Q1 25 | $122.8M | $161.4M | ||
| Q4 24 | $125.1M | $142.6M | ||
| Q3 24 | $124.8M | $84.8M | ||
| Q2 24 | $118.8M | $70.0M | ||
| Q1 24 | $111.9M | $79.3M |
| Q4 25 | $7.3M | $-690.7M | ||
| Q3 25 | $2.3M | $104.5M | ||
| Q2 25 | $518.0K | $219.5M | ||
| Q1 25 | $4.8M | $-296.4M | ||
| Q4 24 | $6.8M | $136.4M | ||
| Q3 24 | $1.3M | $-154.4M | ||
| Q2 24 | $6.0M | $-84.4M | ||
| Q1 24 | $5.5M | $211.8M |
| Q4 25 | 31.5% | — | ||
| Q3 25 | 29.7% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 33.2% | — | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | 35.7% | — | ||
| Q1 24 | 37.1% | — |
| Q4 25 | 12.0% | -447.9% | ||
| Q3 25 | 9.4% | 44.4% | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | 11.5% | -144.9% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 14.3% | -143.3% | ||
| Q2 24 | 12.5% | -167.2% | ||
| Q1 24 | 12.6% | — |
| Q4 25 | 4.8% | -452.0% | ||
| Q3 25 | 1.7% | 58.0% | ||
| Q2 25 | 0.4% | 143.4% | ||
| Q1 25 | 3.9% | -183.6% | ||
| Q4 24 | 5.4% | 95.7% | ||
| Q3 24 | 1.0% | -182.1% | ||
| Q2 24 | 5.1% | -120.6% | ||
| Q1 24 | 4.9% | 267.1% |
| Q4 25 | $0.62 | $-1.89 | ||
| Q3 25 | $0.19 | $0.26 | ||
| Q2 25 | $0.04 | $0.58 | ||
| Q1 25 | $0.40 | $-0.90 | ||
| Q4 24 | $0.56 | $0.39 | ||
| Q3 24 | $0.11 | $-0.54 | ||
| Q2 24 | $0.51 | $-0.32 | ||
| Q1 24 | $0.46 | $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 | $21.7M | $233.5M |
| Total DebtLower is stronger | $286.7M | $840.8M |
| Stockholders' EquityBook value | $-17.3M | $2.9B |
| Total Assets | $403.2M | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $233.5M | ||
| Q3 25 | $16.0M | $330.7M | ||
| Q2 25 | $17.1M | $255.4M | ||
| Q1 25 | $31.5M | $163.7M | ||
| Q4 24 | $33.5M | $277.9M | ||
| Q3 24 | $14.7M | $355.7M | ||
| Q2 24 | $7.5M | $481.2M | ||
| Q1 24 | $17.1M | $688.5M |
| Q4 25 | $286.7M | $840.8M | ||
| Q3 25 | $308.4M | $5.3M | ||
| Q2 25 | $310.9M | $5.3M | ||
| Q1 25 | $280.7M | $5.3M | ||
| Q4 24 | $280.4M | $584.6M | ||
| Q3 24 | $280.2M | $5.7M | ||
| Q2 24 | $269.7M | — | ||
| Q1 24 | $265.3M | — |
| Q4 25 | $-17.3M | $2.9B | ||
| Q3 25 | $-25.7M | $3.5B | ||
| Q2 25 | $-29.0M | $3.3B | ||
| Q1 25 | $-29.7M | $2.9B | ||
| Q4 24 | $-35.6M | $3.1B | ||
| Q3 24 | $-42.8M | $2.7B | ||
| Q2 24 | $-44.6M | $2.6B | ||
| Q1 24 | $-48.5M | $2.5B |
| Q4 25 | $403.2M | $3.9B | ||
| Q3 25 | $407.1M | $4.5B | ||
| Q2 25 | $399.8M | $4.3B | ||
| Q1 25 | $351.9M | $3.7B | ||
| Q4 24 | $349.7M | $3.9B | ||
| Q3 24 | $342.3M | $2.9B | ||
| Q2 24 | $321.4M | $2.7B | ||
| Q1 24 | $319.8M | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 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 | $39.6M | $-572.9M |
| Free Cash FlowOCF − Capex | $35.2M | $-774.3M |
| FCF MarginFCF / Revenue | 23.0% | -506.6% |
| Capex IntensityCapex / Revenue | 2.9% | 131.8% |
| Cash ConversionOCF / Net Profit | 5.39× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.6M | $-572.9M | ||
| Q3 25 | $10.0M | $-114.0M | ||
| Q2 25 | $4.3M | $-231.3M | ||
| Q1 25 | $5.6M | $-122.1M | ||
| Q4 24 | $26.7M | $-255.1M | ||
| Q3 24 | $12.5M | $-56.3M | ||
| Q2 24 | $-4.8M | $-42.5M | ||
| Q1 24 | $8.9M | $-57.9M |
| Q4 25 | $35.2M | $-774.3M | ||
| Q3 25 | $5.3M | $-139.7M | ||
| Q2 25 | $533.0K | $-291.7M | ||
| Q1 25 | $292.0K | $-154.9M | ||
| Q4 24 | $21.6M | $-495.4M | ||
| Q3 24 | $11.1M | $-127.6M | ||
| Q2 24 | $-6.0M | $-96.1M | ||
| Q1 24 | $7.4M | $-115.2M |
| Q4 25 | 23.0% | -506.6% | ||
| Q3 25 | 3.8% | -77.5% | ||
| Q2 25 | 0.4% | -190.7% | ||
| Q1 25 | 0.2% | -96.0% | ||
| Q4 24 | 17.3% | -347.5% | ||
| Q3 24 | 8.9% | -150.5% | ||
| Q2 24 | -5.0% | -137.2% | ||
| Q1 24 | 6.6% | -145.2% |
| Q4 25 | 2.9% | 131.8% | ||
| Q3 25 | 3.4% | 14.3% | ||
| Q2 25 | 2.9% | 39.5% | ||
| Q1 25 | 4.3% | 20.4% | ||
| Q4 24 | 4.0% | 168.6% | ||
| Q3 24 | 1.2% | 84.1% | ||
| Q2 24 | 1.0% | 76.5% | ||
| Q1 24 | 1.3% | 72.3% |
| Q4 25 | 5.39× | — | ||
| Q3 25 | 4.32× | -1.09× | ||
| Q2 25 | 8.39× | -1.05× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 3.94× | -1.87× | ||
| Q3 24 | 9.70× | — | ||
| Q2 24 | -0.79× | — | ||
| Q1 24 | 1.63× | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
