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Side-by-side financial comparison of Riot Platforms, Inc. (RIOT) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($220.8M vs $152.8M, roughly 1.4× Riot Platforms, Inc.). UNIVERSAL TECHNICAL INSTITUTE INC runs the higher net margin — 5.8% vs -452.0%, a 457.8% gap on every dollar of revenue. On growth, UNIVERSAL TECHNICAL INSTITUTE INC posted the faster year-over-year revenue change (9.6% vs 7.2%). UNIVERSAL TECHNICAL INSTITUTE INC produced more free cash flow last quarter ($-19.2M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 9.5%).
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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
RIOT vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $152.8M | $220.8M |
| Net Profit | $-690.7M | $12.8M |
| Gross Margin | — | — |
| Operating Margin | -447.9% | 7.1% |
| Net Margin | -452.0% | 5.8% |
| Revenue YoY | 7.2% | 9.6% |
| Net Profit YoY | -606.3% | -42.1% |
| EPS (diluted) | $-1.89 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $180.2M | $222.4M | ||
| Q2 25 | $153.0M | $204.3M | ||
| Q1 25 | $161.4M | $207.4M | ||
| Q4 24 | $142.6M | $201.4M | ||
| Q3 24 | $84.8M | $196.4M | ||
| Q2 24 | $70.0M | $177.5M | ||
| Q1 24 | $79.3M | $184.2M |
| Q4 25 | $-690.7M | $12.8M | ||
| Q3 25 | $104.5M | $18.8M | ||
| Q2 25 | $219.5M | $10.7M | ||
| Q1 25 | $-296.4M | $11.4M | ||
| Q4 24 | $136.4M | $22.2M | ||
| Q3 24 | $-154.4M | $18.8M | ||
| Q2 24 | $-84.4M | $5.0M | ||
| Q1 24 | $211.8M | $7.8M |
| Q4 25 | -447.9% | 7.1% | ||
| Q3 25 | 44.4% | 11.2% | ||
| Q2 25 | — | 6.9% | ||
| Q1 25 | -144.9% | 8.1% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | -143.3% | 13.3% | ||
| Q2 24 | -167.2% | 4.2% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | -452.0% | 5.8% | ||
| Q3 25 | 58.0% | 8.4% | ||
| Q2 25 | 143.4% | 5.2% | ||
| Q1 25 | -183.6% | 5.5% | ||
| Q4 24 | 95.7% | 11.0% | ||
| Q3 24 | -182.1% | 9.6% | ||
| Q2 24 | -120.6% | 2.8% | ||
| Q1 24 | 267.1% | 4.2% |
| Q4 25 | $-1.89 | $0.23 | ||
| Q3 25 | $0.26 | $0.33 | ||
| Q2 25 | $0.58 | $0.19 | ||
| Q1 25 | $-0.90 | $0.21 | ||
| Q4 24 | $0.39 | $0.40 | ||
| Q3 24 | $-0.54 | $0.35 | ||
| Q2 24 | $-0.32 | $0.09 | ||
| Q1 24 | $0.51 | $0.14 |
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 | $162.8M |
| Total DebtLower is stronger | $840.8M | $101.4M |
| Stockholders' EquityBook value | $2.9B | $335.9M |
| Total Assets | $3.9B | $834.0M |
| Debt / EquityLower = less leverage | 0.29× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $233.5M | $162.8M | ||
| Q3 25 | $330.7M | $169.1M | ||
| Q2 25 | $255.4M | $70.7M | ||
| Q1 25 | $163.7M | $96.0M | ||
| Q4 24 | $277.9M | $172.0M | ||
| Q3 24 | $355.7M | $161.9M | ||
| Q2 24 | $481.2M | $115.5M | ||
| Q1 24 | $688.5M | $116.1M |
| Q4 25 | $840.8M | $101.4M | ||
| Q3 25 | $5.3M | $87.1M | ||
| Q2 25 | $5.3M | $73.8M | ||
| Q1 25 | $5.3M | $94.4M | ||
| Q4 24 | $584.6M | $120.1M | ||
| Q3 24 | $5.7M | $125.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $141.9M |
| Q4 25 | $2.9B | $335.9M | ||
| Q3 25 | $3.5B | $328.1M | ||
| Q2 25 | $3.3B | $306.8M | ||
| Q1 25 | $2.9B | $293.9M | ||
| Q4 24 | $3.1B | $280.0M | ||
| Q3 24 | $2.7B | $260.2M | ||
| Q2 24 | $2.6B | $239.4M | ||
| Q1 24 | $2.5B | $232.6M |
| Q4 25 | $3.9B | $834.0M | ||
| Q3 25 | $4.5B | $826.1M | ||
| Q2 25 | $4.3B | $740.8M | ||
| Q1 25 | $3.7B | $720.4M | ||
| Q4 24 | $3.9B | $753.8M | ||
| Q3 24 | $2.9B | $744.6M | ||
| Q2 24 | $2.7B | $706.0M | ||
| Q1 24 | $2.6B | $702.1M |
| Q4 25 | 0.29× | 0.30× | ||
| Q3 25 | 0.00× | 0.27× | ||
| Q2 25 | 0.00× | 0.24× | ||
| Q1 25 | 0.00× | 0.32× | ||
| Q4 24 | 0.19× | 0.43× | ||
| Q3 24 | 0.00× | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.61× |
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 | $3.1M |
| Free Cash FlowOCF − Capex | $-774.3M | $-19.2M |
| FCF MarginFCF / Revenue | -506.6% | -8.7% |
| Capex IntensityCapex / Revenue | 131.8% | 10.1% |
| Cash ConversionOCF / Net Profit | — | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-572.9M | $3.1M | ||
| Q3 25 | $-114.0M | $57.1M | ||
| Q2 25 | $-231.3M | $18.1M | ||
| Q1 25 | $-122.1M | $-789.0K | ||
| Q4 24 | $-255.1M | $23.0M | ||
| Q3 24 | $-56.3M | $67.5M | ||
| Q2 24 | $-42.5M | $10.0M | ||
| Q1 24 | $-57.9M | $-2.5M |
| Q4 25 | $-774.3M | $-19.2M | ||
| Q3 25 | $-139.7M | $40.6M | ||
| Q2 25 | $-291.7M | $6.8M | ||
| Q1 25 | $-154.9M | $-11.7M | ||
| Q4 24 | $-495.4M | $19.6M | ||
| Q3 24 | $-127.6M | $60.0M | ||
| Q2 24 | $-96.1M | $3.0M | ||
| Q1 24 | $-115.2M | $-8.4M |
| Q4 25 | -506.6% | -8.7% | ||
| Q3 25 | -77.5% | 18.3% | ||
| Q2 25 | -190.7% | 3.4% | ||
| Q1 25 | -96.0% | -5.7% | ||
| Q4 24 | -347.5% | 9.7% | ||
| Q3 24 | -150.5% | 30.6% | ||
| Q2 24 | -137.2% | 1.7% | ||
| Q1 24 | -145.2% | -4.6% |
| Q4 25 | 131.8% | 10.1% | ||
| Q3 25 | 14.3% | 7.4% | ||
| Q2 25 | 39.5% | 5.5% | ||
| Q1 25 | 20.4% | 5.3% | ||
| Q4 24 | 168.6% | 1.7% | ||
| Q3 24 | 84.1% | 3.8% | ||
| Q2 24 | 76.5% | 4.0% | ||
| Q1 24 | 72.3% | 3.2% |
| Q4 25 | — | 0.24× | ||
| Q3 25 | -1.09× | 3.04× | ||
| Q2 25 | -1.05× | 1.69× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | -1.87× | 1.04× | ||
| Q3 24 | — | 3.58× | ||
| Q2 24 | — | 2.01× | ||
| Q1 24 | -0.27× | -0.32× |
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% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
