Riot Platforms, Inc.
Riot Platforms, Inc. (RIOT) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Riot Platforms, Inc. (RIOT), covering cash flow, earnings, and balance sheets.
Riot Platforms, Inc. (RIOT) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Riot Platforms, Inc. RIOT financial performance.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $161.39M | $142.56M | $84.79M | $70.02M |
| Cost of Revenue | $0.00 | $89.08M | $132.94M | $90.97M |
| Gross Profit | $161.39M | $53.48M | -$48.15M | -$20.95M |
| Gross Profit Ratio | $1.00 | $0.38 | -$0.57 | -$0.30 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $71.45M | $81.14M | $66.94M | $61.19M |
| Operating Expenses | $71.45M | -$134.72M | $133.36M | $61.19M |
| Total Costs & Expenses | $395.26M | -$45.64M | $206.30M | $187.06M |
| Interest Income | $3.40M | $6.03M | $5.17M | $8.15M |
| Interest Expense | -$2.31M | $1.99M | $0.00 | $0.00 |
| Depreciation & Amortization | $77.93M | $82.38M | $60.00M | $37.33M |
| EBITDA | -$221.19M | $418.10M | -$42.67M | -$39.03M |
| EBITDA Ratio | -$1.37 | $2.93 | -$0.50 | -$0.56 |
| Operating Income | -$233.87M | $188.20M | -$121.51M | -$117.04M |
| Operating Income Ratio | -$1.45 | $1.32 | -$1.43 | -$1.67 |
| Other Income/Expenses (Net) | -$62.06M | -$51.09M | -$32.82M | $32.65M |
| Income Before Tax | -$295.93M | $137.11M | -$154.33M | -$84.39M |
| Income Before Tax Ratio | -$1.83 | $0.96 | -$1.82 | -$1.21 |
| Income Tax Expense | -$437000.00 | $679000.00 | $32000.00 | -$55000.00 |
| Net Income | -$296.37M | $136.44M | -$154.36M | -$84.45M |
| Net Income Ratio | -$1.84 | $0.96 | -$1.82 | -$1.21 |
| EPS | -$0.90 | $0.49 | -$0.54 | -$0.32 |
| Diluted EPS | -$0.90 | $0.43 | -$0.54 | -$0.32 |
| Weighted Avg Shares Outstanding | $329.51M | $344.89M | $286.24M | $264.63M |
| Weighted Avg Shares Outstanding (Diluted) | $329.51M | $344.89M | $286.24M | $264.63M |
Over the past four quarters, Riot Platforms, Inc. demonstrated steady revenue growth, increasing from $70.02M in Q2 2024 to $161.39M in Q1 2025. Operating income reached -$233.87M in Q1 2025, maintaining a consistent -145% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at -$221.19M, reflecting operational efficiency. Net income dropped to -$296.37M, with EPS at -$0.90. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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