# Riot Platforms, Inc. (RIOT)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $8.20B  
**Price:** $24.08 (-4.80%)

> Riot Platforms, Inc. is a digital infrastructure and technology company focused primarily on Bitcoin mining and related high-performance computing services. The company operates large-scale, energy-intensive data centers that secure the Bitcoin network by validating transactions and supporting decentralized blockchain operations. Riot Platforms follows a vertically integrated model, combining mining operations with in-house engineering, power management, and data center development capabilities. Its facilities are concentrated in the United States, with major Bitcoin mining sites in Texas and Kentucky, supported by engineering and fabrication operations in Denver and Houston. Beyond Bitcoin mining, Riot Platforms is involved in the build-out of large-scale data center projects designed for high-density and high-performance computing workloads, positioning it as a key infrastructure provider in the broader digital asset and compute-intensive technology ecosystem. Founded in the United States, the company today plays a notable role in the intersection of cryptocurrency, energy usage, and modern data center infrastructure.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $647M | — | -$622M | -$663M | — |
| 2024 | $377M | — | $154M | $109M | — |
| 2023 | $281M | — | -$63M | -$49M | — |
| 2022 | $259M | — | -$513M | -$510M | — |
| 2021 | $213M | — | -$30M | -$15M | — |
| 2020 | $12M | — | -$16M | -$14M | — |
| 2019 | $7M | — | -$9M | -$20M | — |
| 2018 | $8M | — | -$59M | -$58M | — |
| 2017 | $269,657 | — | -$13M | -$20M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3.94B | $1.08B | $2.86B | $234M | $841M |
| 2024 | $3.94B | $792M | $3.14B | $278M | $585M |
| 2023 | $2.05B | $163M | $1.89B | $597M | $526,000 |
| 2022 | $1.32B | $169M | $1.15B | $230M | — |
| 2021 | $1.52B | $174M | $1.35B | $312M | — |
| 2020 | $280M | $3M | $276M | $223M | — |
| 2019 | $30M | $4M | $26M | $7M | — |
| 2018 | $14M | $9M | $6M | $225,000 | — |
| 2017 | $52M | $3M | $49M | $42M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$573M | $201M | -$774M |
| 2024 | -$255M | $240M | -$495M |
| 2023 | $33M | $194M | -$161M |
| 2022 | $530,000 | $148M | -$148M |
| 2021 | -$86M | $147M | -$233M |
| 2020 | -$3M | $8M | -$11M |
| 2019 | -$15M | $5M | -$20M |
| 2018 | -$19M | $20M | -$39M |
| 2017 | -$4M | — | — |
| 2016 | -$6M | $35,402 | -$6M |
| 2013 | -$10M | $26,316 | -$10M |
| 2012 | -$5M | $43,692 | -$6M |
| 2011 | -$8M | $90,100 | -$8M |
| 2010 | -$11M | $191,509 | -$11M |
| 2009 | -$11M | $243,769 | -$12M |

Source: [CompaniesByCap](https://companiesbycap.com/company/RIOT)