Riot Platforms, Inc. (RIOT) financial statements: income statement, balance sheet and cash flow
Riot Platforms, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Riot Platforms, Inc. reported revenue of $647.4M (+71.9% year on year) and net income of ($663.3M) (-702.2% year on year).
Income statement
Riot Platforms, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenue
$647.4M
$376.7M
$280.7M
$259.2M
Cost of revenue (excludes depreciation and amortization presented below):
$401.9M
$262.8M
$254.3M
$193.7M
Acquisition-related costs
$187.0K
$5.5M
—
$78.0K
Selling, general, and administrative
$298.8M
$266.9M
$100.3M
$67.5M
Depreciation and amortization
$346.8M
$212.1M
$252.4M
$108.0M
Change in fair value of bitcoin
$115.9M
($457.4M)
($184.7M)
—
Change in fair value of derivative assets
$1.4M
($45.3M)
($6.7M)
($71.4M)
Power curtailment credits
($56.7M)
($33.7M)
($71.2M)
($27.3M)
Change in fair value of contingent consideration
($18.1M)
($2.5M)
—
($159.0K)
Loss on contract settlement
$158.1M
—
—
—
Loss on legal settlement
$20.0M
—
—
—
Gain on acquisition post-close dispute settlement
($26.0M)
—
—
—
Loss (gain) on sale of equipment
($2.3M)
$17.4M
$5.3M
($16.3M)
Casualty-related charges (recoveries), net
($174.0K)
($2.8M)
($6.0M)
$9.7M
Impairment of property and equipment
$29.7M
—
—
—
Total costs and expenses
$1.3B
$223.1M
$343.7M
$771.9M
Operating income (loss)
($622.2M)
$153.6M
($63.0M)
($512.7M)
Interest income
$14.0M
$27.2M
—
—
Interest expense
($24.1M)
($2.0M)
—
—
Loss on equity method investment - marketable securities
($28.2M)
—
—
—
Loss on convertible notes investment
($5.8M)
—
—
—
Other income (expense)
$2.9M
$863.0K
$260.0K
($59.0K)
Total other income (expense)
($41.2M)
($43.4M)
$8.5M
($8.6M)
Net income (loss) before taxes
($663.3M)
$110.1M
($54.6M)
($521.3M)
Current income tax benefit (expense)
$150.0K
($744.0K)
$48.0K
($789.0K)
Total income tax benefit (expense)
$150.0K
($744.0K)
$5.1M
$11.7M
Net income (loss)
($663.2M)
$109.4M
($49.5M)
($509.6M)
Basic net income (loss) per share (in Dollars per share)
-$1.95
$0.40
-$0.28
-$3.65
Diluted net income (loss) per share (in Dollars per share)
-$1.95
$0.34
-$0.28
-$3.66
Basic weighted average number of shares outstanding (in Shares)
340.7M
276.0M
175.0M
139.4M
Diluted weighted average number of shares outstanding (in Shares)
340.7M
318.9M
175.0M
139.4M
Riot Platforms, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$174.2M
$167.2M
$180.2M
$153.0M
Cost of revenue (excludes depreciation and amortization presented below):
$133.0M
$135.7M
$109.5M
$91.0M
Selling, general, and administrative
$82.0M
$76.2M
$69.8M
$75.9M
Depreciation and amortization
$97.8M
$97.7M
$82.9M
$83.2M
Change in fair value of bitcoin
$74.6M
$326.7M
($133.1M)
($470.8M)
Change in fair value of derivatives
$8.4M
$51.9M
($10.8M)
$42.7M
Power curtailment credits
($10.1M)
($21.0M)
($30.6M)
($8.3M)
Casualty-related charges (recoveries), net
$3.0K
—
($47.0K)
($119.0K)
Impairment of property and equipment
$28.0M
—
$15.3M
—
Total costs and expenses
$413.7M
$667.1M
$100.2M
($63.2M)
Operating income (loss)
($239.4M)
($499.9M)
$80.1M
$216.1M
Interest income
$3.6M
$2.3M
$3.9M
$3.3M
Interest expense
($2.7M)
($2.6M)
($8.1M)
($6.1M)
Other income (expense)
$1.2M
($12.0K)
$1.3M
$244.0K
Total other income (expense)
$2.2M
($317.0K)
$26.1M
$3.6M
Net income (loss) before taxes
($237.3M)
($500.2M)
$106.2M
$219.8M
Current income tax benefit (expense)
$105.0K
($291.0K)
($1.7M)
($320.0K)
Net income (loss)
($237.2M)
($500.5M)
$104.5M
$219.5M
Basic net income (loss) per share (in Dollars per share)
-$0.68
-$1.44
$0.30
$0.65
Diluted net income (loss) per share (in Dollars per share)
-$0.68
-$1.44
$0.26
$0.58
Basic weighted average number of shares outstanding (in Shares)
347.7M
347.6M
347.1M
336.3M
Diluted weighted average number of shares outstanding (in Shares)
347.7M
347.6M
403.2M
382.7M
Balance sheet
Riot Platforms, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$233.5M
$277.9M
$597.2M
$230.3M
Restricted cash
$76.3M
$73.4M
—
—
Accounts receivable, net
$29.8M
$27.1M
$24.7M
$26.9M
Contract assets
$8.3M
$6.5M
$15.4M
—
Prepaid expenses and other current assets
$59.4M
$40.3M
$29.1M
$32.7M
Derivative assets, current portion
$41.4M
$40.0M
$30.8M
—
Equity method investment - marketable securities, at fair value
$0
$134.3M
—
—
Total current assets
$448.7M
$599.5M
$1.0B
$443.4M
Property and equipment, net
$1.5B
$1.3B
$704.2M
$692.6M
Bitcoin
$1.2B
$1.7B
$311.2M
$109.4M
Restricted bitcoin
$348.0M
—
—
—
Deposits
$76.5M
$30.1M
$215.0M
$42.4M
Finite-lived intangible assets, net
$30.2M
$34.1M
$15.7M
$21.5M
Derivative assets, less current portion
$106.7M
$109.5M
$73.4M
$97.5M
Right-of-use assets
$30.2M
—
—
—
Goodwill
$122.5M
$121.9M
—
—
Other long-term assets
$17.9M
$19.0M
$13.1M
$310.0K
Total assets
$3.9B
$3.9B
$2.1B
$1.3B
Accounts payable
$23.4M
$17.6M
$23.2M
$18.4M
Contract liabilities
$37.1M
$9.6M
$4.1M
—
Accrued expenses
$142.9M
$75.7M
$62.6M
$65.5M
Contingent consideration liabilities, current portion
$6.2M
$23.6M
$271.0K
$24.3M
Current portion of debt
$253.9M
$314.0K
—
—
Operating lease liability, current portion
$6.3M
$4.6M
$2.4M
$2.0M
Total current liabilities
$469.8M
$160.4M
$121.0M
$121.5M
Operating lease liability, less current portion
$19.6M
$23.9M
$18.9M
$20.2M
Contingent consideration liabilities, less current portion
$2.0M
$3.2M
$638.0K
$638.0K
Debt, less current portion
$586.9M
$584.3M
—
—
Other long-term liabilities
$19.0K
$6.2M
$6.7M
$8.2M
Total liabilities
$1.1B
$791.6M
$163.1M
$168.5M
Common stock, no par value; 680,000,000 shares authorized; 371,573,949 and 344,890,208 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively
4.2B
3.8B
2.7B
1.9B
Accumulated deficit
($1.4B)
($690.4M)
($799.8M)
($756.3M)
Total stockholders' equity
$2.9B
$3.1B
$1.9B
$1.2B
Total liabilities and stockholders' equity
$3.9B
$3.9B
$2.1B
$1.3B
Riot Platforms, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$471.4M
$205.7M
$330.7M
$255.4M
Restricted cash
$77.5M
$76.9M
$75.6M
$74.9M
Accounts receivable, net
$42.4M
$66.6M
$26.5M
$25.4M
Contract assets
$19.9M
$14.1M
$2.1M
$6.5M
Prepaid expenses and other current assets
$96.2M
$76.1M
$47.1M
$50.2M
Derivative assets, current portion
$18.3M
$23.4M
$46.5M
$41.2M
Total current assets
$725.7M
$462.7M
$528.6M
$516.1M
Property and equipment, net
$1.6B
$1.6B
$1.4B
$1.3B
Bitcoin
$325.4M
$673.9M
$1.8B
$1.7B
Restricted bitcoin
$340.7M
$395.8M
$376.4M
$353.7M
Deposits
$31.6M
$38.7M
$65.2M
$88.7M
Finite-lived intangible assets, net
$28.3M
$29.2M
$31.1M
$32.1M
Derivative assets, less current portion
$70.2M
$73.7M
$112.9M
$107.4M
Right-of-use assets
$38.7M
$38.9M
$34.5M
—
Goodwill
$122.5M
$122.5M
$122.5M
$122.5M
Other long-term assets
$26.1M
$16.7M
$23.4M
$20.5M
Total assets
$3.3B
$3.4B
$4.5B
$4.3B
Accounts payable
$18.1M
$10.7M
$12.7M
$18.1M
Contract liabilities
$65.6M
$64.7M
$18.2M
$21.6M
Accrued expenses and other current liabilities
$101.0M
$82.2M
—
—
Contingent consideration liabilities, current portion
$8.2M
$8.2M
$6.2M
$6.1M
Current portion of debt
$254.6M
$254.5M
$253.2M
$252.6M
Operating lease liability, current portion
$10.1M
$9.1M
$6.1M
$5.7M
Total current liabilities
$457.7M
$429.3M
$358.5M
$374.9M
Operating lease liability, less current portion
$24.6M
$26.0M
$26.0M
$25.4M
Debt, less current portion
$588.4M
$587.7M
$586.5M
$585.8M
Other long-term liabilities
$165.0K
$373.0K
$25.0K
$34.0K
Total liabilities
$1.1B
$1.0B
$974.1M
$989.5M
Common stock, no par value; 680,000,000 shares authorized; 378,022,964 and 371,575,652 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
4.3B
4.2B
4.2B
4.1B
Accumulated deficit
($2.1B)
($1.9B)
($662.9M)
($767.3M)
Total stockholders' equity
$2.2B
$2.4B
$3.5B
$3.3B
Total liabilities and stockholders' equity
$3.3B
$3.4B
$4.5B
$4.3B
Cash flow statement
Riot Platforms, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
($663.2M)
$109.4M
($49.5M)
($509.6M)
Stock-based compensation
$125.7M
$125.2M
$32.2M
$24.6M
Depreciation and amortization
$346.8M
$212.1M
$252.4M
$108.0M
Amortization of license fee revenue
($388.0K)
($97.0K)
($97.0K)
($97.0K)
Noncash lease expense
$6.3M
$3.9M
$2.5M
$12.2M
Amortization of debt issuance costs
$4.3M
$250.0K
—
—
Change in fair value of bitcoin
$115.9M
($457.4M)
$184.7M
—
Change in fair value of derivative assets
$1.4M
($45.3M)
($6.7M)
—
Change in fair value of contingent consideration
($18.1M)
($2.5M)
—
($159.0K)
Loss on contract settlement
$35.5M
—
—
—
Loss on legal settlement
$20.0M
—
—
—
Gain on acquisition post-close dispute settlement
($26.0M)
—
—
—
Impairment of property and equipment
$29.7M
—
—
—
(Gain) loss on equity method investment - marketable securities
$28.2M
$69.5M
—
—
Loss on convertible notes investment
$5.8M
—
—
—
Loss (gain) on sale of equipment
($2.3M)
$17.4M
$5.3M
($16.3M)
Revenue recognized from bitcoin mined
($576.3M)
($321.0M)
($189.0M)
—
(Increase)/decrease in operating assets
($30.5M)
$7.8M
$6.4M
—
Increase/(decrease) in operating liabilities
$24.1M
$13.9M
($8.3M)
—
Net cash provided by (used in) operating activities
($572.9M)
($255.1M)
$33.1M
$530.0K
Acquisition of assets from Rhodium
($7.3M)
—
—
—
Acquisition of land
($148.4M)
—
—
—
Deposits on equipment
($213.6M)
($442.5M)
($230.4M)
($194.9M)
Proceeds from sale of bitcoin
$535.5M
$9.5M
$176.2M
$79.5M
Security deposits
$1.8M
($4.1M)
—
—
Proceeds from the sale of equity method investment - marketable securities
$106.1M
—
—
—
Purchases of property and equipment, including construction in progress
($201.4M)
($240.3M)
($193.7M)
($148.4M)
Purchases of right-of-use assets
($3.6M)
—
—
—
Casualty-related recoveries
$174.0K
$3.1M
$7.5M
—
Proceeds from the sale of equipment
$6.8M
$14.3M
$6.4M
—
Net cash provided by (used in) investing activities
$76.1M
($1.5B)
($414.8M)
($354.9M)
Proceeds from the issuance of common stock / At-the-market offering
$212.7M
$977.0M
$778.4M
$304.8M
Offering costs for the issuance of common stock / At-the-market offering
($5.0M)
($20.4M)
($16.7M)
($6.6M)
Proceeds from credit facility
$261.0M
$0
$6.9M
—
Repayments of revolving credit facilities
($6.7M)
($866.0K)
($6.1M)
—
Debt issuance costs
($2.4M)
($15.2M)
($77.0K)
—
Repurchase of common shares to pay employee withholding taxes
-4.3M
-11.6M
-14.0M
-10.1M
Net cash provided by (used in) financing activities
$455.3M
$1.5B
$748.5M
$272.3M
Net increase (decrease) in cash and cash equivalents and restricted cash
($41.5M)
($245.9M)
$366.8M
($82.0M)
Cash paid for interest
$15.5M
$45.0K
$84.0K
—
Cash paid for taxes
$1.0M
$107.0K
$680.0K
—
Reclassification of deposits to property and equipment
$165.4M
$623.3M
$78.4M
$422.9M
Construction in progress included in accrued expenses
$51.3M
$15.1M
$23.5M
$16.6M
Bitcoin exchanged for employee compensation
$4.1M
$2.5M
$869.0K
$1.5M
Right-of-use assets exchanged for new operating lease liabilities
$16.0M
$11.0M
$1.2M
$10.3M
Riot Platforms, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
($737.6M)
($500.5M)
$27.6M
($76.9M)
Stock-based compensation
$74.7M
$39.2M
$92.6M
$59.7M
Depreciation and amortization
$195.5M
$97.7M
$244.1M
$161.1M
Noncash lease expense
$4.7M
$2.2M
$4.3M
$2.7M
Amortization of debt issuance costs
$2.2M
$1.4M
$3.2M
$1.9M
Change in fair value of bitcoin
$401.3M
$326.7M
($395.9M)
($262.8M)
Change in fair value of derivatives
$60.2M
$51.9M
($9.9M)
$853.0K
Impairment of property and equipment
$28.0M
—
$15.3M
—
Revenue recognized from bitcoin mined
($225.6M)
($111.9M)
($444.5M)
($283.7M)
(Increase)/decrease in operating assets
($69.6M)
($58.1M)
($8.0M)
($11.4M)
Increase/(decrease) in operating liabilities
($6.5M)
($31.1M)
($13.4M)
$5.8M
Net cash provided by (used in) operating activities
($272.8M)
($182.7M)
($467.4M)
($353.4M)
Deposits on equipment
($41.4M)
($16.2M)
($138.1M)
($86.4M)
Proceeds from sale of bitcoin
$732.5M
$289.5M
$291.0M
$131.8M
Security deposits
($129.0K)
($42.0K)
$140.0K
$286.0K
Purchases of property and equipment, including construction in progress
($176.2M)
($115.5M)
($118.9M)
($93.2M)
Casualty-related recoveries (charges)
($3.0K)
—
—
—
Net cash provided by (used in) investing activities
$514.8M
$157.8M
$78.6M
($40.0M)
Offering costs for the issuance of common stock / At-the-market offering
($372.0K)
($372.0K)
($4.5M)
($2.8M)
Repurchase of common shares to pay employee withholding taxes
-2.5M
-2.0M
-3.2M
-587.0K
Net cash provided by (used in) financing activities
($2.9M)
($2.4M)
$443.8M
$372.4M
Net increase (decrease) in cash and cash equivalents and restricted cash
$239.1M
($27.3M)
$55.1M
($21.1M)
Cash paid for interest, net of amounts capitalized
$3.6M
$7.0M
$9.9M
$1.9M
Cash paid for taxes
$60.0K
$30.0K
$1.0M
$871.0K
Reclassification of deposits to property and equipment
$86.5M
$54.0M
$102.8M
$27.6M
Construction in progress included in accrued expenses and other current liabilities
$35.6M
$35.7M
—
—
Bitcoin exchanged for employee compensation
$1.6M
$1.6M
$3.7M
$3.3M
Right-of-use assets exchanged for new operating lease liabilities
$13.6M
$11.0M
$7.7M
$6.0M
Cash and cash equivalents
$233.5M
$233.5M
$277.9M
$277.9M
Restricted cash
$76.3M
$76.3M
$73.4M
$73.4M
Cash and cash equivalents and restricted cash at beginning of period
$309.8M
$309.8M
$351.3M
$351.3M
Cash and cash equivalents
$471.4M
$205.7M
$330.7M
$255.4M
Restricted cash
$77.5M
$76.9M
$75.6M
$74.9M
Cash and cash equivalents and restricted cash at end of period