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Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. It operates in two segments, Bitcoin Mining and Engineering. The company offers comprehensive and critical infrastructure for bitcoin mining and data center services at its facilities. The company also designs and manufactures power distribution equipment and engineered-to-order electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale industrial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $647M | $-292M | $-663M | $-1.1B | -23.2% | 71.9% | -706.2% |
| 2024 | $377M | $324M | $109M | $-1.5B | 3.5% | 34.2% | -321.1% |
| 2023 | $281M | $201M | $-49M | $-391M | -2.6% | 8.3% | -90.3% |
| 2022 | $259M | $-412M | $-510M | $-352M | -44.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 647.43 |
| Operating Revenue | 640.96 |
| Cost Of Revenue | 401.88 |
| Gross Profit | 245.56 |
| Operating Expense | 588.86 |
| Selling General And Administration | 298.78 |
| Total Expenses | 990.73 |
| Operating Income | -343.30 |
| Total Operating Income As Reported | -622.17 |
| EBITDA | -292.38 |
| Normalized EBITDA | -13.51 |
| EBIT | -639.19 |
| Interest Income | 13.98 |
| Interest Expense | 24.14 |
| Net Interest Income | -10.16 |
| Other Non Operating Income Expenses | -2.81 |
| Other Income Expense | -309.87 |
| Interest Income Non Operating | 13.98 |
| Interest Expense Non Operating | 24.14 |
| Pretax Income | -663.33 |
| Tax Provision | -0.15 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | -663.18 |
| Net Income From Continuing And Discontinued Operation | -663.18 |
| Net Income From Continuing Operation Net Minority Interest | -663.18 |
| Net Income | -663.18 |
| Net Income Common Stockholders | -663.18 |
| Net Income Including Noncontrolling Interests | -663.18 |
| Normalized Income | -384.31 |
| Diluted NI Availto Com Stockholders | -663.18 |
| Basic Average Shares | 340.72 |
| Diluted Average Shares | 340.72 |
| Reconciled Depreciation | 346.81 |
| Reconciled Cost Of Revenue | 401.88 |
| Total Unusual Items | -278.87 |
| Total Unusual Items Excluding Goodwill | -278.87 |
| Minority Interests | - |
| Special Income Charges | -161.54 |
| Gain On Sale Of Business | - |
| Other Special Charges | 151.96 |
| Write Off | - |
| Impairment Of Capital Assets | 29.74 |
| Restructuring And Mergern Acquisition | -17.88 |
| Gain On Sale Of Security | -117.33 |
| Depreciation Amortization Depletion Income Statement | 346.81 |
| Depreciation And Amortization In Income Statement | 346.81 |
| Gain On Sale Of Ppe | 2.27 |
| Other Operating Expenses | -56.73 |
| Earnings From Equity Interest | -28.19 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Riot Platforms, Inc.this co. | RIOT | $10.4B | -15.66 | 3.63 | -23.2% | -37.69 |
| Hut 8 Corp. | HUT | $14.4B | - | 10.12 | -15.9% | - |
| TeraWulf Inc. | WULF | $13.0B | -19.62 | 92.41 | -470.9% | -30.81 |
| UMB Financial Corporation | UMBF | $9.8B | 13.92 | 1.32 | 9.5% | - |
| FirstCash Holdings, Inc. | FCFS | $9.8B | 29.52 |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.28 |
| 14.5% |
| 12.20 |
| Old National Bancorp | ONB | $9.3B | 13.84 | 1.12 | 8.1% | - |
| Valley National Bancorp | VLY | $7.6B | 12.78 | 1.03 | 8.0% | - |
| Glacier Bancorp, Inc. | GBCI | $6.1B | 25.69 | 1.46 | 5.7% | - |
| United Bankshares, Inc. | UBSI | $6.0B | 12.97 | 1.10 | 8.5% | - |
| Peer Median | - | 13.84 | 1.39 | 8.1% | -9.30 | |