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Side-by-side financial comparison of Riot Platforms, Inc. (RIOT) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $152.8M, roughly 1.3× Riot Platforms, Inc.). SunOpta Inc. runs the higher net margin — 0.4% vs -452.0%, a 452.4% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs 7.2%). SunOpta Inc. produced more free cash flow last quarter ($12.1M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 7.4%).
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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
RIOT vs STKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $152.8M | $205.4M |
| Net Profit | $-690.7M | $816.0K |
| Gross Margin | — | 12.4% |
| Operating Margin | -447.9% | 3.3% |
| Net Margin | -452.0% | 0.4% |
| Revenue YoY | 7.2% | 16.6% |
| Net Profit YoY | -606.3% | 113.1% |
| EPS (diluted) | $-1.89 | $0.01 |
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 | $152.8M | — | ||
| Q3 25 | $180.2M | $205.4M | ||
| Q2 25 | $153.0M | $191.5M | ||
| Q1 25 | $161.4M | $201.6M | ||
| Q4 24 | $142.6M | $193.9M | ||
| Q3 24 | $84.8M | $175.9M | ||
| Q2 24 | $70.0M | $169.5M | ||
| Q1 24 | $79.3M | $184.4M |
| Q4 25 | $-690.7M | — | ||
| Q3 25 | $104.5M | $816.0K | ||
| Q2 25 | $219.5M | $4.4M | ||
| Q1 25 | $-296.4M | $4.8M | ||
| Q4 24 | $136.4M | $-8.7M | ||
| Q3 24 | $-154.4M | $-6.2M | ||
| Q2 24 | $-84.4M | $-5.3M | ||
| Q1 24 | $211.8M | $2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 16.8% |
| Q4 25 | -447.9% | — | ||
| Q3 25 | 44.4% | 3.3% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | -144.9% | 5.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | -143.3% | 0.5% | ||
| Q2 24 | -167.2% | 1.2% | ||
| Q1 24 | — | 5.5% |
| Q4 25 | -452.0% | — | ||
| Q3 25 | 58.0% | 0.4% | ||
| Q2 25 | 143.4% | 2.3% | ||
| Q1 25 | -183.6% | 2.4% | ||
| Q4 24 | 95.7% | -4.5% | ||
| Q3 24 | -182.1% | -3.5% | ||
| Q2 24 | -120.6% | -3.1% | ||
| Q1 24 | 267.1% | 1.6% |
| Q4 25 | $-1.89 | — | ||
| Q3 25 | $0.26 | $0.01 | ||
| Q2 25 | $0.58 | $0.03 | ||
| Q1 25 | $-0.90 | $0.04 | ||
| Q4 24 | $0.39 | $-0.08 | ||
| Q3 24 | $-0.54 | $-0.05 | ||
| Q2 24 | $-0.32 | $-0.04 | ||
| Q1 24 | $0.51 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $233.5M | $2.2M |
| Total DebtLower is stronger | $840.8M | $250.8M |
| Stockholders' EquityBook value | $2.9B | $162.8M |
| Total Assets | $3.9B | $694.1M |
| Debt / EquityLower = less leverage | 0.29× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $233.5M | — | ||
| Q3 25 | $330.7M | $2.2M | ||
| Q2 25 | $255.4M | $2.2M | ||
| Q1 25 | $163.7M | $2.3M | ||
| Q4 24 | $277.9M | $1.6M | ||
| Q3 24 | $355.7M | $2.9M | ||
| Q2 24 | $481.2M | $3.2M | ||
| Q1 24 | $688.5M | $1.5M |
| Q4 25 | $840.8M | — | ||
| Q3 25 | $5.3M | $250.8M | ||
| Q2 25 | $5.3M | $263.3M | ||
| Q1 25 | $5.3M | $260.6M | ||
| Q4 24 | $584.6M | $265.2M | ||
| Q3 24 | $5.7M | $289.9M | ||
| Q2 24 | — | $303.1M | ||
| Q1 24 | — | $258.8M |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $3.5B | $162.8M | ||
| Q2 25 | $3.3B | $159.8M | ||
| Q1 25 | $2.9B | $154.8M | ||
| Q4 24 | $3.1B | $148.6M | ||
| Q3 24 | $2.7B | $155.0M | ||
| Q2 24 | $2.6B | $158.8M | ||
| Q1 24 | $2.5B | $163.6M |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.5B | $694.1M | ||
| Q2 25 | $4.3B | $704.9M | ||
| Q1 25 | $3.7B | $690.7M | ||
| Q4 24 | $3.9B | $668.5M | ||
| Q3 24 | $2.9B | $699.3M | ||
| Q2 24 | $2.7B | $704.7M | ||
| Q1 24 | $2.6B | $671.8M |
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.00× | 1.54× | ||
| Q2 25 | 0.00× | 1.65× | ||
| Q1 25 | 0.00× | 1.68× | ||
| Q4 24 | 0.19× | 1.78× | ||
| Q3 24 | 0.00× | 1.87× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.58× |
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 | $-572.9M | $16.3M |
| Free Cash FlowOCF − Capex | $-774.3M | $12.1M |
| FCF MarginFCF / Revenue | -506.6% | 5.9% |
| Capex IntensityCapex / Revenue | 131.8% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-572.9M | — | ||
| Q3 25 | $-114.0M | $16.3M | ||
| Q2 25 | $-231.3M | $-4.5M | ||
| Q1 25 | $-122.1M | $22.3M | ||
| Q4 24 | $-255.1M | $33.1M | ||
| Q3 24 | $-56.3M | $17.2M | ||
| Q2 24 | $-42.5M | $-5.6M | ||
| Q1 24 | $-57.9M | $5.3M |
| Q4 25 | $-774.3M | — | ||
| Q3 25 | $-139.7M | $12.1M | ||
| Q2 25 | $-291.7M | $-9.2M | ||
| Q1 25 | $-154.9M | $9.5M | ||
| Q4 24 | $-495.4M | $24.0M | ||
| Q3 24 | $-127.6M | $11.7M | ||
| Q2 24 | $-96.1M | $-15.3M | ||
| Q1 24 | $-115.2M | $-2.3M |
| Q4 25 | -506.6% | — | ||
| Q3 25 | -77.5% | 5.9% | ||
| Q2 25 | -190.7% | -4.8% | ||
| Q1 25 | -96.0% | 4.7% | ||
| Q4 24 | -347.5% | 12.4% | ||
| Q3 24 | -150.5% | 6.6% | ||
| Q2 24 | -137.2% | -9.0% | ||
| Q1 24 | -145.2% | -1.2% |
| Q4 25 | 131.8% | — | ||
| Q3 25 | 14.3% | 2.1% | ||
| Q2 25 | 39.5% | 2.5% | ||
| Q1 25 | 20.4% | 6.3% | ||
| Q4 24 | 168.6% | 4.7% | ||
| Q3 24 | 84.1% | 3.2% | ||
| Q2 24 | 76.5% | 5.7% | ||
| Q1 24 | 72.3% | 4.1% |
| Q4 25 | — | — | ||
| Q3 25 | -1.09× | 20.03× | ||
| Q2 25 | -1.05× | -1.03× | ||
| Q1 25 | — | 4.63× | ||
| Q4 24 | -1.87× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.27× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
