Riot Platforms (RIOT) Financials

$8.18 -0.20 (-2.39%)

Closing price 04:00 PM Eastern

Extended Trading

$8.20 +0.03 (+0.31%)

As of 06:09 PM Eastern

Annual Income Statements for Riot Platforms

This table shows Riot Platforms' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	109	-49	-510	-15	-14	-20	-58	-20	-4.27	-8.76
Consolidated Net Income / (Loss)	109	-49	-510	-15	-14	-20	-60	-20	-4.27	-8.76
Net Income / (Loss) Continuing Operations	109	-49	-510	-15	-14	-20	-60	-16	-3.16	-8.76
Total Pre-Tax Income	110	-55	-521	-15	-14	-20	-61	-18	-3.16	-8.76
Total Operating Income	154	-63	-513	-30	-16	-9.42	-59	-13	-5.19	-8.75
Total Gross Profit	114	26	65	131	5.83	0.74	2.03	0.24	0.10	0.17
Total Revenue	377	281	259	213	12	6.84	7.85	0.27	0.10	0.20
Operating Revenue	377	281	259	213	12	6.84	7.85	0.27	0.00	0.20
Total Cost of Revenue	263	254	194	82	6.25	6.10	5.82	0.03	0.00	0.03
Operating Cost of Revenue	263	254	194	82	6.25	6.10	5.82	0.03	0.00	0.03
Total Operating Expenses	-40	89	578	161	21	10	61	13	5.29	8.92
Selling, General & Admin Expense	267	100	67	87	10	9.16	21	7.31	4.41	6.76
Depreciation Expense	212	252	108	26	4.49	0.12	5.27	0.89	0.63	-
Other Operating Expenses / (Income)	-542	-269	-89	-18	0.00	0.00	0.00	-	0.00	-
Impairment Charge	0.00	0.00	539	44	13	1.54	35	5.22	0.00	-
Restructuring Charge	5.54	0.00	0.08	21	0.00	0.00	-	-	-	-
Other Special Charges / (Income)	17	5.34	-47	-0.25	-6.38	-0.67	-	-	-	0.00
Total Other Income / (Expense), net	-43	8.48	-8.60	15	1.44	-11	-1.64	-4.71	2.03	-0.01
Other Income / (Expense), net	-43	8.48	-8.60	15	1.44	-12	-1.59	-0.00	1.94	0.01
Income Tax Expense	0.74	-5.09	-12	0.25	0.00	-0.14	-0.70	-1.61	0.00	-
Basic Earnings per Share	$0.40	($0.28)	($3.65)	($0.17)	($0.34)	-	($4.33)	($3.30)	($1.05)	($2.26)
Weighted Average Basic Shares Outstanding	275.98M	175.03M	139.43M	93.45M	41.98M	19.60M	13.40M	6.02M	4.07M	3.88M
Diluted Earnings per Share	$0.34	($0.28)	($3.65)	($0.17)	($0.33)	-	($4.33)	($3.30)	($1.05)	($2.26)
Weighted Average Diluted Shares Outstanding	318.93M	175.03M	139.43M	93.45M	41.98M	19.60M	13.40M	6.02M	4.07M	3.88M
Weighted Average Basic & Diluted Shares Outstanding	350.21M	253.54M	166.98M	93.45M	41.98M	19.60M	13.40M	6.02M	4.07M	3.88M

This table shows Riot Platforms' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-296	136	-154	-84	212	39	-80	-27	19	-160	-32
Consolidated Net Income / (Loss)	-296	136	-154	-84	212	39	-80	-27	19	-160	-32
Net Income / (Loss) Continuing Operations	-296	136	-154	-84	212	39	-80	-27	19	-160	-32
Total Pre-Tax Income	-296	137	-154	-84	212	39	-80	-27	14	-163	-35
Total Operating Income	-234	188	-122	-117	204	34	-83	-32	17	-162	-36
Total Gross Profit	66	53	12	16	32	15	-12	13	10	3.11	3.61
Total Revenue	161	143	85	70	79	79	52	77	73	60	46
Operating Revenue	161	143	85	70	79	79	52	77	73	60	46
Total Cost of Revenue	96	89	73	54	47	63	64	64	63	57	43
Operating Cost of Revenue	96	89	73	54	47	63	64	64	63	57	43
Total Operating Expenses	300	-135	133	133	-172	-19	71	45	-7.26	166	39
Selling, General & Admin Expense	71	81	67	61	58	39	29	20	13	30	16
Depreciation Expense	78	82	60	37	32	62	65	66	59	47	27
Other Operating Expenses / (Income)	150	-318	3.35	35	-262	-120	-28	-41	-79	37	1.57
Restructuring Charge	0.08	-	3.08	-	-	-	0.00	-	-	-	0.00
Other Special Charges / (Income)	0.13	-	0.00	0.07	-	-	5.31	0.03	-	-21	-7.67
Total Other Income / (Expense), net	-62	-51	-33	33	7.81	5.06	2.35	4.91	-3.83	-0.60	0.49
Other Income / (Expense), net	-62	-51	-33	33	7.81	5.06	2.35	4.91	-3.83	-2.23	0.49
Income Tax Expense	0.44	0.68	0.03	0.06	-0.02	-0.08	-0.16	0.11	-4.97	-2.91	-2.95
Basic Earnings per Share	($0.90)	$0.44	($0.54)	($0.32)	$0.82	$0.21	($0.44)	($0.16)	$0.11	($1.04)	($0.21)
Weighted Average Basic Shares Outstanding	329.51M	275.98M	286.24M	264.63M	259.51M	175.03M	180.95M	167.34M	167.34M	139.43M	153.90M
Diluted Earnings per Share	($0.90)	$0.39	($0.54)	($0.32)	$0.81	$0.21	($0.44)	($0.16)	$0.11	($1.04)	($0.21)
Weighted Average Diluted Shares Outstanding	329.51M	318.93M	286.24M	264.63M	262.36M	175.03M	180.95M	167.34M	172.11M	139.43M	153.90M
Weighted Average Basic & Diluted Shares Outstanding	357.26M	350.21M	332.33M	303.52M	288.78M	253.54M	206.52M	185.31M	175.08M	166.98M	167.30M

This table details how cash moves in and out of Riot Platforms' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-246	367	-82	89	216	7.22	-41	36	3.52	-1.53
Net Cash From Operating Activities	-255	33	0.53	-86	-2.85	-15	-19	-4.44	-5.52	-6.87
Net Cash From Continuing Operating Activities	-255	33	0.53	-86	-2.85	-15	-19	-3.52	-4.45	-6.87
Net Income / (Loss) Continuing Operations	109	-49	-510	-15	-14	-20	-60	-16	-3.16	-8.76
Consolidated Net Income / (Loss)	109	-49	-510	-15	-14	-20	-60	-20	-4.27	-8.76
Depreciation Expense	212	252	108	26	4.49	0.12	5.27	0.89	0.09	0.25
Amortization Expense	0.15	-0.10	-0.10	-0.10	0.27	2.20	0.00	4.75	0.00	-
Non-Cash Adjustments To Reconcile Net Income	-596	-163	399	-95	5.14	9.54	33	8.96	-0.86	1.32
Changes in Operating Assets and Liabilities, net	19	-7.01	3.64	-1.67	1.36	-6.97	3.02	-1.70	-0.52	0.31
Net Cash From Investing Activities	-1,509	-415	-355	-491	-41	-3.25	-25	5.58	9.35	5.79
Net Cash From Continuing Investing Activities	-1,509	-415	-355	-491	-41	-3.25	-25	5.57	9.37	5.79
Purchase of Property, Plant & Equipment	-244	-194	-152	-147	-8.14	-4.96	-21	0.00	-	0.00
Acquisitions	-636	-0.03	-9.53	-70	0.00	-0.04	-0.58	-0.06	-0.03	-0.09
Purchase of Investments	-204	-4.50	0.00	0.00	-	-	-6.41	-3.20	-17	-27
Sale of Property, Plant & Equipment	14	6.37	0.00	0.00	0.15	0.00	-	-	1.81	0.01
Sale and/or Maturity of Investments	0.00	0.00	1.81	1.80	0.00	0.00	-	7.51	24	33
Other Investing Activities, net	-439	-223	-195	-275	-33	-1.45	-6.33	0.00	-	-
Net Cash From Financing Activities	1,518	749	272	666	260	26	2.49	35	-0.31	-0.45
Net Cash From Continuing Financing Activities	1,518	749	272	666	260	26	2.49	35	-0.31	-0.45
Repayment of Debt	-21	-6.14	0.00	0.00	-	-0.95	-0.14	-0.27	-0.31	-0.45
Repurchase of Common Equity	-32	-31	-17	-5.08	-0.45	0.00	0.00	-0.39	0.00	-
Issuance of Debt	594	6.92	0.00	0.00	-	3.00	1.77	4.75	0.00	-
Issuance of Common Equity	977	778	305	670	257	24	0.73	38	0.00	0.00
Other Financing Activities, net	0.00	0.00	-16	0.81	2.90	0.00	0.43	2.01	0.00	-
Cash Interest Paid	0.05	0.08	0.00	0.00	-	0.00	0.01	0.01	0.04	0.10
Cash Income Taxes Paid	0.11	0.68	0.00	0.00	-	0.00	0.00	0.00	-	-

This table details how cash moves in and out of Riot Platforms' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-113	-77	-53	-207	91	307	0.93	101	-43	-24	-16
Net Cash From Operating Activities	-122	-98	-56	-43	-58	45	-6.17	-38	32	1.49	13
Net Cash From Continuing Operating Activities	-122	-98	-56	-43	-58	45	-6.17	-38	32	1.49	13
Net Income / (Loss) Continuing Operations	-296	136	-154	-84	212	39	-80	-27	19	-160	-32
Consolidated Net Income / (Loss)	-296	136	-154	-84	212	39	-80	-27	19	-160	-32
Depreciation Expense	78	82	60	37	32	62	65	66	59	47	27
Amortization Expense	0.73	0.23	-0.03	-0.02	-0.02	-0.02	-0.03	-0.61	0.56	-0.02	-0.03
Non-Cash Adjustments To Reconcile Net Income	117	-332	18	1.76	-283	-92	25	-14	-82	119	13
Changes in Operating Assets and Liabilities, net	-22	15	20	2.87	-19	35	-15	-63	36	-4.29	6.53
Net Cash From Investing Activities	-59	-783	-205	-326	-194	-182	-125	-33	-74	-25	-59
Net Cash From Continuing Investing Activities	-59	-783	-205	-326	-194	-182	-125	-33	-74	-25	-59
Purchase of Property, Plant & Equipment	-33	-58	-76	-54	-57	-45	-41	-33	-74	-17	-57
Other Investing Activities, net	-26	-111	-52	-139	-137	-132	-91	-	0.00	-	-2.44
Net Cash From Financing Activities	68	804	209	161	344	444	132	173	-0.93	-0.45	30
Net Cash From Continuing Financing Activities	68	804	209	161	344	444	132	173	-0.93	-0.45	30
Repayment of Debt	-0.06	-16	-5.06	-0.07	-0.07	-2.52	-3.11	-	-0.50	-	-
Repurchase of Common Equity	-0.48	-20	-0.71	-8.77	-2.00	-17	2.80	-15	-1.31	-6.91	-1.06
Issuance of Common Equity	68	246	215	170	346	461	129	188	0.00	6.46	31
Cash Interest Paid	0.00	0.01	0.01	0.01	0.01	0.05	0.02	0.02	0.00	-	-
Cash Income Taxes Paid	0.03	0.11	-	-	-	-	-	-	-	-	-

This table presents Riot Platforms' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	3,935	2,051	1,320	1,522	280	30	14	52	17	21
Total Current Assets	599	1,009	443	565	236	13	2.31	42	14	16
Cash & Equivalents	278	597	230	312	223	7.44	0.23	42	5.53	2.01
Restricted Cash	73	0.00	-	-	-	-	-	-	-	-
Short-Term Investments	134	0.00	-	11	0.00	-	-	-	7.51	14
Note & Lease Receivable	0.00	-	-	-	-	-	-	-	-	-
Accounts Receivable	27	25	27	15	0.00	-	-	-	-	0.00
Prepaid Expenses	40	29	33	7.14	1.26	1.35	1.38	0.54	0.22	0.25
Other Current Assets	46	358	153	219	0.00	3.84	0.71	0.20	0.00	-
Plant, Property, & Equipment, net	1,339	704	693	276	10	5.05	0.03	4.29	0.01	1.95
Total Noncurrent Assets	1,997	338	184	681	34	13	12	5.65	3.29	2.50
Long-Term Investments	19	13	0.31	0.31	0.31	9.72	9.41	3.00	0.00	0.97
Goodwill	122	0.00	-	336	0.00	-	-	1.19	0.39	-
Intangible Assets	34	16	21	14	0.34	0.46	1.21	1.26	0.55	0.00
Other Noncurrent Operating Assets	1,822	309	162	331	33	2.52	0.70	0.00	-	1.52
Total Liabilities & Shareholders' Equity	3,935	2,051	1,320	1,522	280	30	14	52	17	21
Total Liabilities	792	163	169	174	3.08	4.15	9.37	2.71	2.12	4.79
Total Current Liabilities	160	121	122	110	2.40	3.37	6.66	1.04	1.06	1.79
Short-Term Debt	0.31	0.26	-	-	-	-	-	0.14	0.14	0.30
Accounts Payable	18	23	18	20	0.72	0.72	3.83	0.41	0.25	0.70
Accrued Expenses	76	62	65	22	1.58	2.19	1.53	0.22	0.31	0.24
Current Deferred Revenue	2.89	2.46	2.88	2.84	0.10	0.10	1.30	0.10	0.10	0.10
Other Current Liabilities	64	33	35	65	0.00	0.37	0.00	0.00	-	-
Total Noncurrent Liabilities	631	42	47	64	0.68	0.78	2.71	1.67	1.07	3.00
Long-Term Debt	584	0.53	-	-	-	-	1.70	0.00	-	1.84
Noncurrent Deferred Revenue	14	16	18	20	0.68	0.78	0.87	0.97	1.07	1.16
Other Noncurrent Operating Liabilities	33	26	29	44	0.00	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,144	1,888	1,151	1,348	277	26	4.49	50	15	16
Total Preferred & Common Equity	3,144	1,888	1,151	1,348	277	26	5.79	49	15	16
Total Common Equity	3,144	1,888	1,151	1,348	277	26	5.72	41	15	16
Common Stock	3,834	2,688	1,908	1,595	507	243	203	180	125	122
Retained Earnings	-690	-800	-756	-247	-230	-217	-197	-139	-110	-106
Accumulated Other Comprehensive Income / (Loss)	0.22	0.15	0.00	-	-	-	-	-	-	-
Other Equity Adjustments	0.00	0.00	-	-	-	0.00	0.00	0.00	0.00	-

This table presents Riot Platforms' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,719	2,922	2,724	2,611	1,455	1,359	1,250	1,454
Total Current Assets	450	717	744	785	513	483	366	477
Cash & Equivalents	164	356	481	688	290	289	158	255
Restricted Cash	74	73	-	-	-	-	29	-
Short-Term Investments	71	190	158	-	-	-	-	2.17
Accounts Receivable	20	15	14	14	13	13	20	17
Prepaid Expenses	45	31	31	34	36	20	22	22
Other Current Assets	76	52	61	49	175	160	136	180
Plant, Property, & Equipment, net	1,307	1,173	1,040	822	668	700	717	650
Total Noncurrent Assets	1,962	1,032	940	1,004	274	177	167	327
Long-Term Investments	19	13	13	12	5.62	0.82	0.92	0.31
Goodwill	122	97	-	-	-	-	-	0.00
Intangible Assets	33	11	13	14	17	19	20	13
Other Noncurrent Operating Assets	1,788	911	914	978	251	157	146	313
Total Liabilities & Shareholders' Equity	3,719	2,922	2,724	2,611	1,455	1,359	1,250	1,454
Total Liabilities	774	173	139	136	115	118	158	154
Total Current Liabilities	139	126	97	93	71	74	112	107
Short-Term Debt	0.31	0.66	-	-	-	-	-	-
Accounts Payable	7.94	13	5.09	14	8.90	13	20	13
Accrued Expenses	72	45	54	44	25	27	83	39
Current Deferred Revenue	2.68	2.52	2.46	2.46	2.56	5.79	2.78	2.56
Other Current Liabilities	56	65	35	33	34	29	6.94	53
Total Noncurrent Liabilities	635	47	42	43	44	44	46	47
Long-Term Debt	585	5.60	-	-	-	-	-	-
Noncurrent Deferred Revenue	13	14	15	15	16	17	17	18
Other Noncurrent Operating Liabilities	37	27	27	28	27	27	29	29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,945	2,749	2,585	2,475	1,341	1,241	1,092	1,299
Total Preferred & Common Equity	2,945	2,749	2,585	2,475	1,341	1,241	1,092	1,299
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,945	2,749	2,585	2,475	1,341	1,241	1,092	1,299
Common Stock	3,931	3,576	3,257	3,063	2,226	2,081	1,904	1,891
Retained Earnings	-987	-827	-672	-588	-885	-840	-812	-592
Accumulated Other Comprehensive Income / (Loss)	0.25	0.19	-0.02	0.01	-	-	-	-
Other Equity Adjustments	0.00	0.00	0.00	0.00	-	-	-	0.00

This table displays calculated financial ratios and metrics derived from Riot Platforms' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	34.20%	8.30%	21.54%	1,665.11%	76.70%	-12.85%	2,809.25%	178.86%	-51.18%	18.65%
EBITDA Growth	63.06%	147.82%	-3,843.65%	218.21%	51.19%	65.62%	-640.68%	-138.22%	62.81%	16.60%
EBIT Growth	301.86%	89.53%	-3,333.46%	-7.63%	34.27%	64.79%	-363.21%	-304.98%	62.82%	15.70%
NOPAT Growth	445.67%	87.70%	-1,616.44%	-92.16%	-65.06%	84.14%	-351.30%	-153.34%	40.65%	15.90%
Net Income Growth	321.14%	90.29%	-3,200.86%	-9.43%	30.52%	66.28%	-201.50%	-367.39%	51.21%	16.14%
EPS Growth	221.43%	92.33%	-2,047.06%	48.48%	0.00%	0.00%	-31.21%	-214.29%	53.54%	16.14%
Operating Cash Flow Growth	-870.90%	6,142.45%	100.62%	-2,921.48%	81.52%	19.09%	-329.09%	19.56%	19.64%	25.37%
Free Cash Flow Firm Growth	-346.12%	-57.74%	74.33%	-1,698.35%	-188.72%	41.75%	-117.90%	-653.77%	65.23%	24.61%
Invested Capital Growth	152.15%	38.85%	-10.16%	1,820.12%	488.39%	362.88%	-165.21%	1,047.66%	-151.79%	-26.01%
Revenue Q/Q Growth	20.37%	7.12%	-10.60%	67.06%	51.20%	-7.57%	24.88%	178.86%	-8.07%	-10.03%
EBITDA Q/Q Growth	57.82%	1,615.46%	-30.77%	-69.39%	43.71%	27.20%	-1.01%	-1,148.73%	52.02%	-7.56%
EBIT Q/Q Growth	788.70%	78.14%	-36.11%	-211.01%	30.08%	22.44%	1.13%	-220.32%	51.58%	-7.23%
NOPAT Q/Q Growth	50,225.14%	75.73%	-35.56%	-2,135.93%	27.44%	41.41%	1.46%	-219.45%	22.63%	-7.33%
Net Income Q/Q Growth	781.70%	80.14%	-35.38%	-210.26%	29.55%	31.29%	-6.52%	-50.69%	13.55%	-7.15%
EPS Q/Q Growth	112.50%	81.70%	0.00%	0.00%	0.00%	0.00%	-10.74%	-34.69%	15.32%	-7.15%
Operating Cash Flow Q/Q Growth	-128.42%	416.42%	102.03%	-56.80%	74.80%	3.77%	-10.50%	8.31%	-0.48%	4.14%
Free Cash Flow Firm Q/Q Growth	-66.06%	-117.31%	58.11%	-48.76%	-31.57%	-110.89%	31.56%	-7,374.48%	59.05%	8.34%
Invested Capital Q/Q Growth	51.76%	22.35%	-11.62%	46.74%	76.33%	173.12%	-162.65%	2,078.67%	-123.14%	-51.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.24%	9.39%	25.26%	61.50%	48.26%	10.82%	25.81%	90.66%	100.00%	84.56%
EBITDA Margin	85.58%	70.43%	-159.53%	5.18%	-77.34%	-279.99%	-709.85%	-2,788.16%	-3,263.81%	-4,284.39%
Operating Margin	40.78%	-22.46%	-197.82%	-14.01%	-128.66%	-137.74%	-756.74%	-4,878.23%	-5,369.62%	-4,416.62%
EBIT Margin	29.24%	-19.44%	-201.14%	-7.12%	-116.77%	-313.92%	-776.99%	-4,880.04%	-3,360.31%	-4,412.53%
Profit (Net Income) Margin	29.05%	-17.63%	-196.61%	-7.24%	-116.77%	-296.96%	-767.53%	-7,406.05%	-4,418.70%	-4,421.09%
Tax Burden Percent	99.32%	90.67%	97.75%	101.67%	100.00%	99.30%	98.70%	110.72%	135.31%	100.00%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	95.26%	100.09%	137.07%	97.18%	100.19%
Effective Tax Rate	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	6.78%	-4.01%	-36.89%	-3.88%	-34.85%	-234.55%	-4,513.78%	-389.03%	-1,398.13%	-483.01%
ROIC Less NNEP Spread (ROIC-NNEP)	23.08%	-2.74%	17.49%	-5.88%	-32.17%	-125.32%	-4,442.40%	-353.05%	-1,393.94%	-468.86%
Return on Net Nonoperating Assets (RNNOA)	-2.43%	0.76%	-3.88%	1.98%	25.54%	102.39%	4,291.26%	327.15%	1,370.55%	438.95%
Return on Equity (ROE)	4.35%	-3.26%	-40.77%	-1.90%	-9.30%	-132.16%	-222.52%	-61.88%	-27.57%	-44.06%
Cash Return on Invested Capital (CROIC)	-79.64%	-36.54%	-26.19%	-184.08%	-176.74%	-210.70%	0.00%	-284.54%	0.00%	-453.12%
Operating Return on Assets (OROA)	3.68%	-3.24%	-36.69%	-1.69%	-9.09%	-97.03%	-184.17%	-37.94%	-17.15%	-35.25%
Return on Assets (ROA)	3.66%	-2.94%	-35.86%	-1.71%	-9.09%	-91.79%	-181.92%	-57.57%	-22.55%	-35.32%
Return on Common Equity (ROCE)	4.35%	-3.26%	-40.77%	-1.90%	-9.30%	-137.37%	-192.60%	-53.73%	-27.57%	-44.06%
Return on Equity Simple (ROE_SIMPLE)	3.48%	-2.62%	-44.25%	-1.14%	-5.09%	-77.37%	-1,040.49%	-40.87%	-28.64%	-54.49%
Net Operating Profit after Tax (NOPAT)	153	-44	-359	-21	-11	-6.59	-42	-9.21	-3.63	-6.12
NOPAT Margin	40.50%	-15.72%	-138.48%	-9.81%	-90.07%	-96.42%	-529.72%	-3,414.76%	-3,758.73%	-3,091.64%
Net Nonoperating Expense Percent (NNEP)	-16.30%	-1.27%	-54.38%	2.00%	-2.68%	-109.23%	-71.38%	-35.99%	-4.19%	-14.15%
Return On Investment Capital (ROIC_SIMPLE)	4.09%	-2.34%	-31.17%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.76%	90.61%	74.74%	38.50%	51.74%	89.18%	74.19%	9.34%	0.00%	15.44%
SG&A Expenses to Revenue	70.86%	35.75%	26.03%	41.00%	84.85%	133.96%	265.88%	2,712.20%	4,561.92%	3,411.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	257.67%	1,090.00%
Operating Expenses to Revenue	-10.54%	31.85%	223.09%	75.51%	176.92%	148.56%	782.55%	4,978.23%	5,469.62%	4,501.18%
Earnings before Interest and Taxes (EBIT)	110	-55	-521	-15	-14	-21	-61	-13	-3.25	-8.74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	322	198	-413	11	-9.34	-19	-56	-7.52	-3.16	-8.49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.69	0.35	1.92	3.12	1.06	3.83	5.75	1.03	0.52
Price to Tangible Book Value (P/TBV)	1.14	1.71	0.35	2.59	3.13	1.08	4.85	6.11	1.10	0.52
Price to Revenue (P/Rev)	9.01	11.38	1.53	12.14	71.62	4.05	2.79	876.37	159.42	42.46
Price to Earnings (P/E)	31.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%	0.00%	0.00%
Earnings Yield	3.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.08	2.02	0.18	2.21	12.02	1.16	0.00	37.85	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	9.22	9.21	0.64	10.62	53.11	1.54	1.62	742.82	26.04	0.00
Enterprise Value to EBITDA (EV/EBITDA)	10.77	13.08	0.00	205.13	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	31.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	22.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	78.14	314.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.00	0.00	0.00	0.00	0.00	0.38	0.00	0.01	0.13
Long-Term Debt to Equity	0.19	0.00	0.00	0.00	0.00	0.00	0.38	0.00	0.00	0.11
Financial Leverage	-0.11	-0.28	-0.22	-0.34	-0.79	-0.82	-0.97	-0.93	-0.98	-0.94
Leverage Ratio	1.19	1.11	1.14	1.11	1.02	1.44	1.22	1.07	1.22	1.25
Compound Leverage Factor	1.19	1.11	1.14	1.11	1.02	1.37	1.22	1.47	1.19	1.25
Debt to Total Capital	15.68%	0.04%	0.00%	0.00%	0.00%	0.00%	27.41%	0.27%	0.93%	11.75%
Short-Term Debt to Total Capital	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.93%	1.65%
Long-Term Debt to Total Capital	15.67%	0.03%	0.00%	0.00%	0.00%	0.00%	27.41%	0.00%	0.00%	10.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.01%	0.08%	1.12%	15.56%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	-0.03%	-20.95%	1.52%	0.00%	0.00%
Common Equity to Total Capital	84.32%	99.96%	100.00%	100.00%	99.99%	99.94%	92.42%	82.64%	99.07%	88.25%
Debt to EBITDA	1.81	0.00	0.00	0.00	0.00	0.00	-0.03	-0.02	-0.04	-0.25
Net Debt to EBITDA	0.25	-3.08	0.00	0.00	0.00	0.00	0.14	5.92	4.09	1.77
Long-Term Debt to EBITDA	1.81	0.00	0.00	0.00	0.00	0.00	-0.03	0.00	0.00	-0.22
Debt to NOPAT	3.83	-0.02	0.00	0.00	0.00	0.00	-0.04	-0.01	-0.04	-0.35
Net Debt to NOPAT	0.53	13.81	0.00	0.00	0.00	0.00	0.19	4.83	3.55	2.45
Long-Term Debt to NOPAT	3.83	-0.01	0.00	0.00	0.00	0.00	-0.04	0.00	0.00	-0.30
Altman Z-Score	2.65	11.78	-0.20	9.19	168.50	-7.74	-32.84	48.76	-4.39	-6.56
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.01%	-3.94%	13.45%	13.17%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.74	8.33	3.65	5.14	98.57	3.75	0.35	40.74	13.03	9.16
Quick Ratio	2.74	5.14	2.12	3.08	93.19	2.21	0.03	40.03	12.36	9.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,793	-402	-255	-992	-55	-19	-33	-15	-2.00	-5.75
Operating Cash Flow to CapEx	-110.83%	17.66%	0.35%	-58.51%	-35.64%	-310.91%	-91.68%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	-156.68	-266.77	-3.13	-66.24	-58.05
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	-126.35	-154.89	-0.92	-183.01	-69.41
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-166.99	-323.85	-0.92	-123.04	-69.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.17	0.18	0.24	0.08	0.31	0.24	0.01	0.01	0.01
Accounts Receivable Turnover	14.53	10.87	12.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.37	0.40	0.53	1.49	1.59	2.69	3.63	0.13	0.10	0.10
Accounts Payable Turnover	12.89	12.23	10.07	7.91	8.71	2.68	2.75	0.08	0.00	0.05
Days Sales Outstanding (DSO)	25.11	33.58	29.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	28.31	29.85	36.26	46.14	41.90	136.07	132.92	4,810.29	0.00	6,793.68
Cash Conversion Cycle (CCC)	-3.20	3.72	-6.45	-46.14	-41.90	-136.07	-132.92	-4,810.29	0.00	-6,793.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,224	1,279	921	1,025	53	9.07	-3.45	5.29	-0.56	1.08
Invested Capital Turnover	0.17	0.26	0.27	0.40	0.39	2.43	8.52	0.11	0.37	0.16
Increase / (Decrease) in Invested Capital	1,945	358	-104	972	44	13	-8.74	5.85	-1.64	-0.38
Enterprise Value (EV)	3,473	2,585	167	2,265	642	11	13	200	2.52	-6.58
Market Capitalization	3,393	3,195	398	2,589	865	28	22	236	15	8.41
Book Value per Share	$9.46	$9.14	$9.82	$11.63	$5.44	$1.06	$0.39	$4.94	$3.31	$0.52
Tangible Book Value per Share	$8.99	$9.07	$9.64	$8.61	$5.43	$1.04	$0.31	$4.65	$3.10	$0.52
Total Capital	3,728	1,889	1,151	1,348	277	26	6.19	50	15	18
Total Debt	585	0.78	0.00	0.00	0.00	0.00	1.70	0.14	0.14	2.14
Total Long-Term Debt	584	0.53	0.00	0.00	0.00	0.00	1.70	0.00	0.00	1.84
Net Debt	80	-610	-231	-323	-224	-17	-7.94	-45	-13	-15
Capital Expenditures (CapEx)	230	187	152	147	7.99	4.96	21	0.00	-1.81	-0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-46	291	92	132	10	1.82	-4.57	-0.17	-0.21	-1.24
Debt-free Net Working Capital (DFNWC)	439	888	322	455	234	9.26	-4.35	41	13	15
Net Working Capital (NWC)	439	888	322	455	234	9.26	-4.35	41	13	15
Net Nonoperating Expense (NNE)	43	5.34	151	-5.47	3.23	14	19	11	0.64	2.63
Net Nonoperating Obligations (NNO)	80	-610	-231	-323	-224	-17	-7.94	-44	-15	-15
Total Depreciation and Amortization (D&A)	212	252	108	26	4.76	2.32	5.27	5.64	0.09	0.25
Debt-free, Cash-free Net Working Capital to Revenue	-12.26%	103.55%	35.31%	61.71%	86.80%	26.61%	-58.28%	-61.53%	-215.77%	-624.85%
Debt-free Net Working Capital to Revenue	116.66%	316.31%	124.18%	213.24%	1,935.83%	135.42%	-55.41%	15,384.74%	13,265.87%	7,533.36%
Net Working Capital to Revenue	116.58%	316.22%	124.18%	213.24%	1,935.83%	135.42%	-55.41%	15,334.47%	13,121.49%	7,381.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	($0.28)	$0.00	$0.00	($0.30)	($1.02)	($4.33)	($3.30)	($1.05)	($2.24)
Adjusted Weighted Average Basic Shares Outstanding	275.98M	175.03M	0.00	0.00	84.12M	31.03M	13.40M	6.02M	5.40M	3.87M
Adjusted Diluted Earnings per Share	$0.34	($0.28)	$0.00	$0.00	($0.30)	($1.02)	($4.33)	($3.30)	($1.05)	($2.24)
Adjusted Weighted Average Diluted Shares Outstanding	318.93M	175.03M	0.00	0.00	84.12M	31.03M	13.40M	6.02M	5.40M	3.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.30)	($1.02)	($4.33)	($3.30)	($1.05)	($2.24)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	350.21M	253.54M	0.00	0.00	41.98M	19.60M	13.40M	6.02M	4.07M	3.87M
Normalized Net Operating Profit after Tax (NOPAT)	175	-40	-14	25	-6.24	-5.98	-17	-5.56	-3.63	-6.12
Normalized NOPAT Margin	46.56%	-14.39%	-5.59%	11.51%	-51.66%	-87.42%	-215.04%	-2,060.22%	-3,758.73%	-3,091.64%
Pre Tax Income Margin	29.24%	-19.44%	-201.14%	-7.12%	-116.77%	-299.05%	-777.67%	-6,688.86%	-3,265.62%	-4,421.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	-175.93	-495.57	-2.74	-107.73	-88.32
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	-54.03	-337.86	-1.92	-120.51	-61.88
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-216.57	-664.53	-2.74	-47.76	-88.24
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-94.67	-506.81	-1.92	-60.54	-61.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.50%	-47.88%	0.00%	0.00%
Augmented Payout Ratio	29.21%	-62.04%	-3.29%	-32.92%	-3.16%	0.00%	-0.50%	-49.84%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Riot Platforms' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	103.52%	80.88%	63.39%	-8.76%	8.27%	31.03%	12.10%	5.20%	-8.21%	-33.82%	-28.57%
EBITDA Growth	-189.06%	116.22%	-502.79%	-223.03%	232.32%	186.04%	-76.81%	111.33%	42.70%	-467.21%	-306.70%
EBIT Growth	-239.82%	248.33%	-92.44%	-209.42%	1,463.46%	123.90%	-126.63%	92.38%	-63.29%	-524.77%	-352.52%
NOPAT Growth	-180.27%	444.76%	-47.21%	-263.67%	758.86%	130.23%	-130.08%	90.89%	-38.36%	-481.07%	-765.13%
Net Income Growth	-239.94%	245.91%	-92.86%	-208.35%	1,043.94%	124.63%	-146.77%	92.25%	-49.39%	-493.96%	-111.40%
EPS Growth	-211.11%	85.71%	-22.73%	-100.00%	636.36%	120.19%	-109.52%	94.10%	-64.52%	0.00%	0.00%
Operating Cash Flow Growth	-110.98%	-318.40%	-813.57%	-11.44%	-278.76%	2,914.39%	-145.92%	-223.35%	171.41%	105.93%	139.83%
Free Cash Flow Firm Growth	-138.29%	-443.71%	-1,813.71%	-2,614.78%	-273.43%	-3,276.93%	83.49%	105.87%	135.00%	99.03%	45.08%
Invested Capital Growth	80.39%	152.15%	103.28%	103.24%	96.46%	38.85%	0.29%	-6.38%	-28.56%	-10.16%	49.17%
Revenue Q/Q Growth	13.21%	68.14%	21.09%	-11.70%	0.61%	51.88%	-32.38%	4.78%	21.76%	29.94%	-36.54%
EBITDA Q/Q Growth	-198.89%	332.87%	-100.36%	-119.29%	264.80%	749.22%	-140.89%	-47.88%	167.31%	-1,234.14%	97.38%
EBIT Q/Q Growth	-315.83%	188.84%	-82.87%	-139.85%	4,455.83%	149.08%	-194.03%	-301.38%	108.70%	-365.34%	90.12%
NOPAT Q/Q Growth	-187.42%	320.16%	-3.82%	-140.17%	49,376.28%	159.49%	-156.49%	-194.86%	120.88%	-352.78%	89.84%
Net Income Q/Q Growth	-317.22%	188.39%	-82.79%	-139.88%	4,380.16%	149.28%	-192.26%	-247.93%	111.56%	-393.72%	90.83%
EPS Q/Q Growth	-330.77%	172.22%	-68.75%	-139.51%	3,950.00%	147.73%	-175.00%	-245.45%	110.58%	-395.24%	92.25%
Operating Cash Flow Q/Q Growth	-24.10%	-74.60%	-32.51%	26.52%	-228.46%	830.38%	83.84%	-217.87%	2,066.20%	-88.87%	-56.58%
Free Cash Flow Firm Q/Q Growth	9.52%	-50.99%	-9.46%	-59.35%	-86.80%	-431.46%	-243.84%	-89.01%	4,119.89%	97.40%	48.89%
Invested Capital Q/Q Growth	-0.68%	51.76%	9.91%	8.89%	38.91%	22.35%	9.89%	5.25%	-1.88%	-11.62%	2.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.77%	37.52%	13.98%	23.39%	40.60%	19.47%	-22.91%	16.65%	13.81%	5.18%	7.80%
EBITDA Margin	-134.63%	154.13%	-111.29%	-67.26%	307.80%	128.94%	-30.17%	49.88%	100.29%	-196.37%	-19.13%
Operating Margin	-144.92%	132.02%	-143.32%	-167.16%	257.19%	43.53%	-159.08%	-41.94%	23.72%	-270.08%	-77.50%
EBIT Margin	-183.37%	96.18%	-182.02%	-120.53%	267.04%	49.95%	-154.55%	-35.54%	18.49%	-273.78%	-76.45%
Profit (Net Income) Margin	-183.64%	95.70%	-182.06%	-120.61%	267.07%	50.05%	-154.25%	-35.69%	25.28%	-266.24%	-70.07%
Tax Burden Percent	100.15%	99.50%	100.02%	100.07%	100.01%	100.20%	99.80%	100.41%	136.69%	98.22%	91.66%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.01%	100.00%
Effective Tax Rate	0.00%	0.50%	0.00%	0.00%	-0.01%	-0.20%	0.00%	0.00%	-36.69%	0.00%	0.00%
Return on Invested Capital (ROIC)	-18.70%	21.98%	-19.81%	-22.73%	55.07%	11.13%	-27.96%	-7.66%	7.56%	-50.36%	-18.08%
ROIC Less NNEP Spread (ROIC-NNEP)	41.12%	41.18%	-4.75%	-22.19%	53.32%	9.93%	-19.91%	-5.93%	10.92%	-33.61%	-13.63%
Return on Net Nonoperating Assets (RNNOA)	-3.36%	-4.33%	1.07%	5.46%	-13.29%	-2.74%	4.17%	1.32%	-1.37%	7.45%	2.17%
Return on Equity (ROE)	-22.07%	17.65%	-18.74%	-17.26%	41.79%	8.39%	-23.79%	-6.34%	6.18%	-42.92%	-15.91%
Cash Return on Invested Capital (CROIC)	-65.34%	-79.64%	-68.13%	-65.41%	-55.84%	-36.54%	-17.72%	-8.58%	-1.18%	-26.19%	-69.89%
Operating Return on Assets (OROA)	-26.58%	12.10%	-26.02%	-16.53%	39.66%	8.32%	-27.84%	-6.52%	3.34%	-49.93%	-18.41%
Return on Assets (ROA)	-26.62%	12.04%	-26.03%	-16.55%	39.66%	8.33%	-27.79%	-6.55%	4.56%	-48.56%	-16.87%
Return on Common Equity (ROCE)	-22.07%	17.65%	-18.74%	-17.26%	41.79%	8.39%	-23.79%	-6.34%	6.18%	-42.92%	-15.91%
Return on Equity Simple (ROE_SIMPLE)	-13.54%	0.00%	0.45%	3.36%	5.81%	0.00%	-18.58%	-16.23%	-48.31%	0.00%	-28.97%
Net Operating Profit after Tax (NOPAT)	-164	187	-85	-82	204	34	-58	-23	24	-114	-25
NOPAT Margin	-101.44%	131.36%	-100.32%	-117.01%	257.22%	43.62%	-111.35%	-29.36%	32.43%	-189.05%	-54.25%
Net Nonoperating Expense Percent (NNEP)	-59.82%	-19.20%	-15.06%	-0.54%	1.76%	1.21%	-8.05%	-1.73%	-3.36%	-16.76%	-4.45%
Return On Investment Capital (ROIC_SIMPLE)	-4.64%	5.02%	-	-	-	1.82%	-	-	-	-9.88%	-
Cost of Revenue to Revenue	59.23%	62.48%	86.02%	76.61%	59.40%	80.53%	122.91%	83.35%	86.19%	94.82%	92.20%
SG&A Expenses to Revenue	44.27%	56.92%	78.95%	87.39%	72.70%	49.19%	56.02%	25.85%	17.31%	49.59%	34.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	185.69%	-94.50%	157.29%	190.55%	-216.59%	-24.06%	136.17%	58.59%	-9.91%	275.25%	85.30%
Earnings before Interest and Taxes (EBIT)	-296	137	-154	-84	212	39	-80	-27	14	-165	-35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-217	220	-94	-47	244	102	-16	38	73	-118	-8.85
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.85	1.08	0.82	1.02	1.02	1.69	1.29	1.67	1.53	0.35	0.83
Price to Tangible Book Value (P/TBV)	0.89	1.14	0.85	1.03	1.03	1.71	1.31	1.69	1.56	0.35	0.84
Price to Revenue (P/Rev)	5.44	9.01	7.20	9.43	8.82	11.38	6.60	8.07	6.60	1.53	3.74
Price to Earnings (P/E)	0.00	31.01	181.51	30.43	17.58	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	3.22%	0.55%	3.29%	5.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.86	1.08	0.77	1.03	1.03	2.02	1.37	1.87	1.64	0.18	0.79
Enterprise Value to Revenue (EV/Rev)	6.00	9.22	5.20	7.10	6.37	9.21	5.47	6.94	5.86	0.64	2.85
Enterprise Value to EBITDA (EV/EBITDA)	0.00	10.77	7.97	7.02	4.96	13.08	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	31.53	131.30	22.97	12.72	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	22.77	0.00	51.29	14.78	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	78.14	0.00	194.71	18.92	314.94	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.20	0.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.08	-0.11	-0.23	-0.25	-0.25	-0.28	-0.21	-0.22	-0.13	-0.22	-0.16
Leverage Ratio	1.17	1.19	1.07	1.07	1.08	1.11	1.10	1.11	1.13	1.14	1.16
Compound Leverage Factor	1.17	1.19	1.07	1.07	1.08	1.11	1.10	1.11	1.13	1.13	1.16
Debt to Total Capital	16.58%	15.68%	0.23%	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.01%	0.01%	0.02%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	16.57%	15.67%	0.20%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.42%	84.32%	99.77%	100.00%	100.00%	99.96%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	-4.21	1.81	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-1.85	0.25	-3.06	0.00	0.00	-3.08	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	-4.21	1.81	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-2.94	3.83	-20.56	0.00	0.00	-0.02	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.29	0.53	2,053.04	0.00	0.00	13.81	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	-2.94	3.83	-18.40	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.52	2.67	7.58	11.33	11.55	11.93	8.56	10.14	5.90	0.69	4.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.23	3.74	5.68	7.65	8.47	8.33	7.22	6.49	3.26	3.65	4.45
Quick Ratio	1.83	2.74	4.45	6.71	7.58	5.14	4.26	4.07	1.59	2.12	2.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,591	-1,758	-1,164	-1,064	-668	-323	-61	42	385	-9.57	-369
Operating Cash Flow to CapEx	-371.48%	-225.71%	-74.60%	-79.37%	-100.68%	98.99%	-15.12%	-113.98%	43.76%	8.75%	23.54%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.13	0.14	0.14	0.15	0.17	0.18	0.18	0.18	0.18	0.24
Accounts Receivable Turnover	27.22	14.53	22.33	20.85	16.86	10.87	17.43	17.52	14.09	12.25	27.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.43	0.37	0.34	0.32	0.37	0.40	0.40	0.46	0.48	0.53	0.68
Accounts Payable Turnover	29.04	12.89	22.15	25.75	14.36	12.23	22.99	14.46	13.65	10.07	12.63
Days Sales Outstanding (DSO)	13.41	25.11	16.35	17.51	21.65	33.58	20.94	20.83	25.90	29.81	13.23
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	12.57	28.31	16.48	14.18	25.42	29.85	15.87	25.25	26.75	36.26	28.89
Cash Conversion Cycle (CCC)	0.84	-3.20	-0.13	3.33	-3.76	3.72	5.07	-4.41	-0.85	-6.45	-15.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,202	3,224	2,124	1,933	1,775	1,279	1,045	951	903	921	1,042
Invested Capital Turnover	0.18	0.17	0.20	0.19	0.21	0.26	0.25	0.26	0.23	0.27	0.33
Increase / (Decrease) in Invested Capital	1,427	1,945	1,079	982	871	358	3.06	-65	-361	-104	343
Enterprise Value (EV)	2,750	3,473	1,627	1,988	1,827	2,585	1,433	1,779	1,479	167	826
Market Capitalization	2,493	3,393	2,252	2,639	2,528	3,195	1,729	2,069	1,668	398	1,083
Book Value per Share	$8.41	$9.46	$9.06	$8.95	$9.54	$9.14	$7.24	$7.09	$6.54	$9.82	$8.41
Tangible Book Value per Share	$7.97	$8.99	$8.70	$8.91	$9.48	$9.07	$7.14	$6.98	$6.42	$9.64	$8.32
Total Capital	3,530	3,728	2,755	2,585	2,475	1,889	1,341	1,241	1,092	1,151	1,299
Total Debt	585	585	6.26	0.00	0.00	0.78	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	585	584	5.60	0.00	0.00	0.53	0.00	0.00	0.00	0.00	0.00
Net Debt	257	80	-625	-652	-700	-610	-296	-290	-189	-231	-257
Capital Expenditures (CapEx)	33	44	76	54	57	45	41	33	74	17	57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1.67	-46	-27	7.74	3.95	291	152	119	66	92	113
Debt-free Net Working Capital (DFNWC)	311	439	591	647	692	888	442	408	254	322	370
Net Working Capital (NWC)	310	439	591	647	692	888	442	408	254	322	370
Net Nonoperating Expense (NNE)	133	51	69	2.52	-7.81	-5.07	22	4.86	5.24	46	7.32
Net Nonoperating Obligations (NNO)	257	80	-625	-652	-700	-610	-296	-290	-189	-231	-257
Total Depreciation and Amortization (D&A)	79	83	60	37	32	62	65	66	60	47	27
Debt-free, Cash-free Net Working Capital to Revenue	0.36%	-12.26%	-8.70%	2.76%	1.38%	103.55%	58.08%	46.51%	26.06%	35.31%	38.87%
Debt-free Net Working Capital to Revenue	67.70%	116.66%	188.96%	230.89%	241.49%	316.31%	168.80%	159.28%	100.39%	124.18%	127.57%
Net Working Capital to Revenue	67.63%	116.58%	188.76%	230.89%	241.49%	316.22%	168.80%	159.28%	100.39%	124.18%	127.57%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.90)	$0.44	($0.54)	($0.32)	$0.82	$0.21	($0.25)	($0.17)	($0.33)	($1.04)	($0.24)
Adjusted Weighted Average Basic Shares Outstanding	329.51M	275.98M	286.24M	264.63M	259.51M	175.03M	180.95M	167.34M	167.34M	139.43M	153.90M
Adjusted Diluted Earnings per Share	($0.90)	$0.39	($0.54)	($0.32)	$0.81	$0.21	($0.25)	($0.01)	($0.33)	($1.04)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	329.51M	318.93M	286.24M	264.63M	262.36M	175.03M	180.95M	167.34M	167.34M	139.43M	153.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	357.26M	350.21M	332.33M	303.52M	288.78M	253.54M	206.52M	185.31M	175.08M	166.98M	167.30M
Normalized Net Operating Profit after Tax (NOPAT)	-164	187	-83	-82	143	24	-54	-23	12	-77	-28
Normalized NOPAT Margin	-101.35%	131.36%	-97.78%	-116.94%	180.03%	30.47%	-104.20%	-29.33%	16.61%	-128.63%	-61.28%
Pre Tax Income Margin	-183.37%	96.18%	-182.02%	-120.53%	267.04%	49.95%	-154.55%	-35.54%	18.49%	-271.08%	-76.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-5.76%	29.21%	93.39%	9.32%	10.24%	-62.04%	-5.70%	-8.96%	-0.60%	-3.29%	-3.50%

Frequently Asked Questions About Riot Platforms' Financials

When does Riot Platforms's financial year end?

According to the most recent income statement we have on file, Riot Platforms' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Riot Platforms' net income changed over the last 9 years?

Riot Platforms' net income appears to be on an upward trend, with a most recent value of $109.40 million in 2024, falling from -$8.76 million in 2015. The previous period was -$49.47 million in 2023. See where experts think Riot Platforms is headed by visiting Riot Platforms' forecast page.

What is Riot Platforms's operating income?

Riot Platforms's total operating income in 2024 was $153.59 million, based on the following breakdown:

Total Gross Profit: $113.90 million
Total Operating Expenses: -$39.69 million

How has Riot Platforms revenue changed over the last 9 years?

Over the last 9 years, Riot Platforms' total revenue changed from $198.09 thousand in 2015 to $376.66 million in 2024, a change of 190,048.7%.

How much debt does Riot Platforms have?

Riot Platforms' total liabilities were at $791.62 million at the end of 2024, a 385.5% increase from 2023, and a 16,421.2% increase since 2015.

How much cash does Riot Platforms have?

In the past 9 years, Riot Platforms' cash and equivalents has ranged from $225 thousand in 2018 to $597.17 million in 2023, and is currently $277.86 million as of their latest financial filing in 2024.

How has Riot Platforms' book value per share changed over the last 9 years?

Over the last 9 years, Riot Platforms' book value per share changed from 0.52 in 2015 to 9.46 in 2024, a change of 1,724.1%.

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This page (NASDAQ:RIOT) was last updated on 5/29/2025 by MarketBeat.com Staff

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Riot Platforms (RIOT) Financials

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Riot Platforms (RIOT) Financials

Annual Income Statements for Riot Platforms

Quarterly Income Statements for Riot Platforms

Annual Cash Flow Statements for Riot Platforms

Quarterly Cash Flow Statements for Riot Platforms

Annual Balance Sheets for Riot Platforms

Quarterly Balance Sheets for Riot Platforms

Annual Metrics And Ratios for Riot Platforms

Quarterly Metrics And Ratios for Riot Platforms

Frequently Asked Questions About Riot Platforms' Financials

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