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Riot Platforms, Inc.（RIOT）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
Riot Platforms, Inc.的季度营收约是null的1.5倍（$152.8M vs $100.0M），null净利率更高（-7.0% vs -452.0%，领先445.0%），null同比增速更快（14.5% vs 7.2%），null自由现金流更多（$14.1M vs $-774.3M），过去两年Riot Platforms, Inc.的营收复合增速更高（38.8% vs -4.9%）
Riot Platforms是美国领先的比特币挖矿企业，在北美地区运营多座大规模高能效的加密货币矿场，同时布局区块链相关基础设施业务，长期持有比特币作为核心储备资产，专注于数字资产生态相关业务的长期发展。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
RIOT vs SWIM — 直观对比
营收规模更大
RIOT
是对方的1.5倍
$100.0M
营收增速更快
SWIM
高出7.3%
7.2%
净利率更高
SWIM
高出445.0%
-452.0%
自由现金流更多
SWIM
多$788.4M
$-774.3M
两年增速更快
RIOT
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $152.8M | $100.0M |
| 净利润 | $-690.7M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | -447.9% | -10.7% |
| 净利率 | -452.0% | -7.0% |
| 营收同比 | 7.2% | 14.5% |
| 净利润同比 | -606.3% | 76.0% |
| 每股收益（稀释后） | $-1.89 | $-0.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收RIOTSWIM
| Q4 25 | $152.8M | $100.0M | ||
| Q3 25 | $180.2M | $161.9M | ||
| Q2 25 | $153.0M | $172.6M | ||
| Q1 25 | $161.4M | $111.4M | ||
| Q4 24 | $142.6M | $87.3M | ||
| Q3 24 | $84.8M | $150.5M | ||
| Q2 24 | $70.0M | $160.1M | ||
| Q1 24 | $79.3M | $110.6M |
净利润RIOTSWIM
| Q4 25 | $-690.7M | $-7.0M | ||
| Q3 25 | $104.5M | $8.1M | ||
| Q2 25 | $219.5M | $16.0M | ||
| Q1 25 | $-296.4M | $-6.0M | ||
| Q4 24 | $136.4M | $-29.2M | ||
| Q3 24 | $-154.4M | $5.9M | ||
| Q2 24 | $-84.4M | $13.3M | ||
| Q1 24 | $211.8M | $-7.9M |
毛利率RIOTSWIM
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
营业利润率RIOTSWIM
| Q4 25 | -447.9% | -10.7% | ||
| Q3 25 | 44.4% | 13.3% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | -144.9% | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | -143.3% | 8.9% | ||
| Q2 24 | -167.2% | 12.5% | ||
| Q1 24 | — | -1.9% |
净利率RIOTSWIM
| Q4 25 | -452.0% | -7.0% | ||
| Q3 25 | 58.0% | 5.0% | ||
| Q2 25 | 143.4% | 9.3% | ||
| Q1 25 | -183.6% | -5.4% | ||
| Q4 24 | 95.7% | -33.4% | ||
| Q3 24 | -182.1% | 3.9% | ||
| Q2 24 | -120.6% | 8.3% | ||
| Q1 24 | 267.1% | -7.1% |
每股收益（稀释后）RIOTSWIM
| Q4 25 | $-1.89 | $-0.06 | ||
| Q3 25 | $0.26 | $0.07 | ||
| Q2 25 | $0.58 | $0.13 | ||
| Q1 25 | $-0.90 | $-0.05 | ||
| Q4 24 | $0.39 | $-0.24 | ||
| Q3 24 | $-0.54 | $0.05 | ||
| Q2 24 | $-0.32 | $0.11 | ||
| Q1 24 | $0.51 | $-0.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $233.5M | — |
| 总债务越低越好 | $840.8M | $279.8M |
| 股东权益账面价值 | $2.9B | $405.9M |
| 总资产 | $3.9B | $823.2M |
| 负债/权益比越低杠杆越低 | 0.29× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资RIOTSWIM
| Q4 25 | $233.5M | — | ||
| Q3 25 | $330.7M | — | ||
| Q2 25 | $255.4M | — | ||
| Q1 25 | $163.7M | — | ||
| Q4 24 | $277.9M | — | ||
| Q3 24 | $355.7M | — | ||
| Q2 24 | $481.2M | — | ||
| Q1 24 | $688.5M | — |
总债务RIOTSWIM
| Q4 25 | $840.8M | $279.8M | ||
| Q3 25 | $5.3M | $281.1M | ||
| Q2 25 | $5.3M | $281.5M | ||
| Q1 25 | $5.3M | $306.9M | ||
| Q4 24 | $584.6M | $281.5M | ||
| Q3 24 | $5.7M | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益RIOTSWIM
| Q4 25 | $2.9B | $405.9M | ||
| Q3 25 | $3.5B | $408.4M | ||
| Q2 25 | $3.3B | $398.4M | ||
| Q1 25 | $2.9B | $381.1M | ||
| Q4 24 | $3.1B | $387.2M | ||
| Q3 24 | $2.7B | $416.6M | ||
| Q2 24 | $2.6B | $408.1M | ||
| Q1 24 | $2.5B | $391.8M |
总资产RIOTSWIM
| Q4 25 | $3.9B | $823.2M | ||
| Q3 25 | $4.5B | $844.4M | ||
| Q2 25 | $4.3B | $822.1M | ||
| Q1 25 | $3.7B | $824.6M | ||
| Q4 24 | $3.9B | $794.2M | ||
| Q3 24 | $2.9B | $853.4M | ||
| Q2 24 | $2.7B | $830.0M | ||
| Q1 24 | $2.6B | $808.6M |
负债/权益比RIOTSWIM
| Q4 25 | 0.29× | 0.69× | ||
| Q3 25 | 0.00× | 0.69× | ||
| Q2 25 | 0.00× | 0.71× | ||
| Q1 25 | 0.00× | 0.81× | ||
| Q4 24 | 0.19× | 0.73× | ||
| Q3 24 | 0.00× | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-572.9M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-774.3M | $14.1M |
| 自由现金流率自由现金流/营收 | -506.6% | 14.1% |
| 资本支出强度资本支出/营收 | 131.8% | 9.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $38.0M |
8季度趋势，按日历期对齐
经营现金流RIOTSWIM
| Q4 25 | $-572.9M | $23.3M | ||
| Q3 25 | $-114.0M | $51.0M | ||
| Q2 25 | $-231.3M | $36.0M | ||
| Q1 25 | $-122.1M | $-46.9M | ||
| Q4 24 | $-255.1M | $6.2M | ||
| Q3 24 | $-56.3M | $37.2M | ||
| Q2 24 | $-42.5M | $52.4M | ||
| Q1 24 | $-57.9M | $-34.5M |
自由现金流RIOTSWIM
| Q4 25 | $-774.3M | $14.1M | ||
| Q3 25 | $-139.7M | $45.2M | ||
| Q2 25 | $-291.7M | $29.1M | ||
| Q1 25 | $-154.9M | $-50.3M | ||
| Q4 24 | $-495.4M | $-98.0K | ||
| Q3 24 | $-127.6M | $33.2M | ||
| Q2 24 | $-96.1M | $47.9M | ||
| Q1 24 | $-115.2M | $-39.9M |
自由现金流率RIOTSWIM
| Q4 25 | -506.6% | 14.1% | ||
| Q3 25 | -77.5% | 27.9% | ||
| Q2 25 | -190.7% | 16.8% | ||
| Q1 25 | -96.0% | -45.2% | ||
| Q4 24 | -347.5% | -0.1% | ||
| Q3 24 | -150.5% | 22.1% | ||
| Q2 24 | -137.2% | 29.9% | ||
| Q1 24 | -145.2% | -36.0% |
资本支出强度RIOTSWIM
| Q4 25 | 131.8% | 9.2% | ||
| Q3 25 | 14.3% | 3.6% | ||
| Q2 25 | 39.5% | 4.0% | ||
| Q1 25 | 20.4% | 3.1% | ||
| Q4 24 | 168.6% | 7.2% | ||
| Q3 24 | 84.1% | 2.7% | ||
| Q2 24 | 76.5% | 2.8% | ||
| Q1 24 | 72.3% | 4.8% |
现金转化率RIOTSWIM
| Q4 25 | — | — | ||
| Q3 25 | -1.09× | 6.29× | ||
| Q2 25 | -1.05× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.87× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | -0.27× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
