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Side-by-side financial comparison of POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
POWER SOLUTIONS INTERNATIONAL, INC. is the larger business by last-quarter revenue ($191.2M vs $152.8M, roughly 1.3× Riot Platforms, Inc.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -452.0%, a 460.4% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 7.2%). POWER SOLUTIONS INTERNATIONAL, INC. produced more free cash flow last quarter ($-7.6M vs $-774.3M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 38.8%).
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.
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.
PSIX vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $191.2M | $152.8M |
| Net Profit | $16.1M | $-690.7M |
| Gross Margin | 21.9% | — |
| Operating Margin | 12.7% | -447.9% |
| Net Margin | 8.4% | -452.0% |
| Revenue YoY | 32.5% | 7.2% |
| Net Profit YoY | -31.0% | -606.3% |
| EPS (diluted) | $0.69 | $-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 | $191.2M | $152.8M | ||
| Q3 25 | $203.8M | $180.2M | ||
| Q2 25 | $191.9M | $153.0M | ||
| Q1 25 | $135.4M | $161.4M | ||
| Q4 24 | $144.3M | $142.6M | ||
| Q3 24 | $125.8M | $84.8M | ||
| Q2 24 | $110.6M | $70.0M | ||
| Q1 24 | $95.2M | $79.3M |
| Q4 25 | $16.1M | $-690.7M | ||
| Q3 25 | $27.6M | $104.5M | ||
| Q2 25 | $51.2M | $219.5M | ||
| Q1 25 | $19.1M | $-296.4M | ||
| Q4 24 | $23.3M | $136.4M | ||
| Q3 24 | $17.3M | $-154.4M | ||
| Q2 24 | $21.5M | $-84.4M | ||
| Q1 24 | $7.1M | $211.8M |
| Q4 25 | 21.9% | — | ||
| Q3 25 | 23.9% | — | ||
| Q2 25 | 28.2% | — | ||
| Q1 25 | 29.7% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 28.9% | — | ||
| Q2 24 | 31.8% | — | ||
| Q1 24 | 27.0% | — |
| Q4 25 | 12.7% | -447.9% | ||
| Q3 25 | 13.9% | 44.4% | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 18.2% | -144.9% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 16.3% | -143.3% | ||
| Q2 24 | 22.9% | -167.2% | ||
| Q1 24 | 11.2% | — |
| Q4 25 | 8.4% | -452.0% | ||
| Q3 25 | 13.5% | 58.0% | ||
| Q2 25 | 26.7% | 143.4% | ||
| Q1 25 | 14.1% | -183.6% | ||
| Q4 24 | 16.1% | 95.7% | ||
| Q3 24 | 13.8% | -182.1% | ||
| Q2 24 | 19.5% | -120.6% | ||
| Q1 24 | 7.5% | 267.1% |
| Q4 25 | $0.69 | $-1.89 | ||
| Q3 25 | $1.20 | $0.26 | ||
| Q2 25 | $2.22 | $0.58 | ||
| Q1 25 | $0.83 | $-0.90 | ||
| Q4 24 | $1.01 | $0.39 | ||
| Q3 24 | $0.75 | $-0.54 | ||
| Q2 24 | $0.94 | $-0.32 | ||
| Q1 24 | $0.31 | $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 | $41.3M | $233.5M |
| Total DebtLower is stronger | $96.6M | $840.8M |
| Stockholders' EquityBook value | $178.6M | $2.9B |
| Total Assets | $424.7M | $3.9B |
| Debt / EquityLower = less leverage | 0.54× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $233.5M | ||
| Q3 25 | $49.0M | $330.7M | ||
| Q2 25 | $49.5M | $255.4M | ||
| Q1 25 | $50.0M | $163.7M | ||
| Q4 24 | $55.3M | $277.9M | ||
| Q3 24 | $40.5M | $355.7M | ||
| Q2 24 | $28.8M | $481.2M | ||
| Q1 24 | $33.1M | $688.5M |
| Q4 25 | $96.6M | $840.8M | ||
| Q3 25 | $96.7M | $5.3M | ||
| Q2 25 | $1.8M | $5.3M | ||
| Q1 25 | $1.0M | $5.3M | ||
| Q4 24 | $184.0K | $584.6M | ||
| Q3 24 | $238.0K | $5.7M | ||
| Q2 24 | $292.0K | — | ||
| Q1 24 | $345.0K | — |
| Q4 25 | $178.6M | $2.9B | ||
| Q3 25 | $162.5M | $3.5B | ||
| Q2 25 | $135.7M | $3.3B | ||
| Q1 25 | $84.3M | $2.9B | ||
| Q4 24 | $65.3M | $3.1B | ||
| Q3 24 | $42.1M | $2.7B | ||
| Q2 24 | $24.8M | $2.6B | ||
| Q1 24 | $3.2M | $2.5B |
| Q4 25 | $424.7M | $3.9B | ||
| Q3 25 | $458.9M | $4.5B | ||
| Q2 25 | $437.7M | $4.3B | ||
| Q1 25 | $372.7M | $3.7B | ||
| Q4 24 | $328.2M | $3.9B | ||
| Q3 24 | $339.1M | $2.9B | ||
| Q2 24 | $307.6M | $2.7B | ||
| Q1 24 | $286.8M | $2.6B |
| Q4 25 | 0.54× | 0.29× | ||
| Q3 25 | 0.60× | 0.00× | ||
| Q2 25 | 0.01× | 0.00× | ||
| Q1 25 | 0.01× | 0.00× | ||
| Q4 24 | 0.00× | 0.19× | ||
| Q3 24 | 0.01× | 0.00× | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.11× | — |
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 | $-4.6M | $-572.9M |
| Free Cash FlowOCF − Capex | $-7.6M | $-774.3M |
| FCF MarginFCF / Revenue | -4.0% | -506.6% |
| Capex IntensityCapex / Revenue | 1.6% | 131.8% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.6M | $-572.9M | ||
| Q3 25 | $3.3M | $-114.0M | ||
| Q2 25 | $16.7M | $-231.3M | ||
| Q1 25 | $8.8M | $-122.1M | ||
| Q4 24 | $32.7M | $-255.1M | ||
| Q3 24 | $12.6M | $-56.3M | ||
| Q2 24 | $1.5M | $-42.5M | ||
| Q1 24 | $15.6M | $-57.9M |
| Q4 25 | $-7.6M | $-774.3M | ||
| Q3 25 | $1.7M | $-139.7M | ||
| Q2 25 | $14.6M | $-291.7M | ||
| Q1 25 | $5.4M | $-154.9M | ||
| Q4 24 | $30.0M | $-495.4M | ||
| Q3 24 | $12.1M | $-127.6M | ||
| Q2 24 | $822.0K | $-96.1M | ||
| Q1 24 | $14.8M | $-115.2M |
| Q4 25 | -4.0% | -506.6% | ||
| Q3 25 | 0.8% | -77.5% | ||
| Q2 25 | 7.6% | -190.7% | ||
| Q1 25 | 4.0% | -96.0% | ||
| Q4 24 | 20.8% | -347.5% | ||
| Q3 24 | 9.7% | -150.5% | ||
| Q2 24 | 0.7% | -137.2% | ||
| Q1 24 | 15.6% | -145.2% |
| Q4 25 | 1.6% | 131.8% | ||
| Q3 25 | 0.8% | 14.3% | ||
| Q2 25 | 1.1% | 39.5% | ||
| Q1 25 | 2.5% | 20.4% | ||
| Q4 24 | 1.8% | 168.6% | ||
| Q3 24 | 0.3% | 84.1% | ||
| Q2 24 | 0.6% | 76.5% | ||
| Q1 24 | 0.9% | 72.3% |
| Q4 25 | -0.29× | — | ||
| Q3 25 | 0.12× | -1.09× | ||
| Q2 25 | 0.33× | -1.05× | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.40× | -1.87× | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 2.20× | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
