Riot Platforms, Inc. (RIOT) income statement
NASDAQ · Financial Services · Financial - Capital Markets · 816 employees · CEO Jason Les
- Price
- $12.81 -6.77%
- Market cap
- $4.81B
- Enterprise value
- $4.61B
- Last report
- Q2 '26 filed 2026-08-10
- Next report
- 2026-11-04 EPS est. -$0.34
Riot Platforms, Inc. (RIOT) reported revenue of $174M for Q2 '26 (+13.9% year on year), operating income of -$239M (-137.4% of revenue) and net income of -$237M. Over the last four quarters revenue was $675M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.9M | $78.8M | $79.3M | $70M | $84.8M | $143M | $161M | $153M | $180M | $153M | $167M | $174M | |
| Cost of revenue | $63.8M | $63.5M | $47.1M | $53.6M | $72.9M | $89.1M | $174M | $174M | $192M | $209M | $233M | $133M | |
| Gross profit | -$11.9M | $15.3M | $32.2M | $16.4M | $11.8M | $53.5M | -$12.1M | -$21.2M | -$12.2M | -$55.7M | -$66.2M | $41.2M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $82M | |
| Other operating expenses | $41.6M | -$97.5M | -$229M | $72.2M | $66.4M | -$216M | $0 | $0 | $0 | $0 | $0 | $199M | |
| Operating expenses | $70.7M | -$58.8M | -$172M | $133M | $133M | -$135M | $71.4M | $75.9M | $69.8M | $81.6M | $76.2M | $281M | |
| Operating income | -$82.5M | $74.1M | $204M | -$117M | -$122M | $188M | -$83.6M | -$97.2M | -$82M | -$137M | -$142M | -$239M | |
| Interest income | $2.32M | $4.89M | $8.19M | $8.15M | $5.18M | $6.03M | $3.4M | $3.33M | $3.92M | $3.33M | $2.31M | $3.62M | |
| Interest expense | $0 | $0 | $384K | $0 | $0 | $1.99M | $2.31M | $6.09M | $8.05M | $7.69M | $2.62M | $2.69M | |
| Other non-operating income (gains on investments, FX ...) | -$26.6M | $155M | -$7.81M | -$32.6M | -$18.8M | -$148M | $0 | $0 | $0 | $0 | $0 | -$4.84M | |
| Total non-operating income | $2.35M | $5.06M | $7.81M | $32.6M | -$32.8M | -$51.1M | -$212M | $317M | $188M | -$556M | -$358M | $2.16M | |
| Income before tax | -$80.2M | $79.1M | $212M | -$84.4M | -$154M | $137M | -$296M | $220M | $106M | -$693M | -$500M | -$237M | |
| Income tax | -$157K | -$79K | -$22K | $55K | $32K | $679K | $437K | $320K | $1.69M | -$2.59M | $291K | -$105K | |
| Net income | -$80M | $79.2M | $212M | -$84.4M | -$154M | $136M | -$296M | $219M | $104M | -$691M | -$500M | -$237M | |
| EPS (basic) | -$0.25 | $0.34 | $0.82 | -$0.32 | -$0.54 | $0.49 | -$0.90 | $0.65 | $0.30 | -$1.86 | -$1.44 | -$0.68 | |
| EPS (diluted) | -$0.25 | $0.34 | $0.81 | -$0.32 | -$0.54 | $0.43 | -$0.90 | $0.58 | $0.26 | -$1.86 | -$1.44 | -$0.68 | |
| Shares (basic, weighted) | 181M | 231M | 260M | 265M | 286M | 276M | 330M | 336M | 347M | 372M | 348M | 348M | |
| Shares (diluted, weighted) | 181M | 231M | 262M | 265M | 286M | 319M | 330M | 383M | 403M | 372M | 348M | 348M | |
| Depreciation & amortization | $64.6M | $62.3M | $32.3M | $37.3M | $60M | $82.4M | $77.9M | $83.2M | $82.9M | $103M | $97.7M | $97.8M | |
| EBITDA | $8.65M | -$18.4M | $244M | -$47.1M | -$42.7M | $418M | -$5.65M | -$14M | $925K | -$34.5M | -$44.6M | -$137M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $106K | $270K | $7.85M | $6.84M | $12.1M | $213M | $259M | $281M | $377M | $647M | |
| Cost of revenue | $3.06K | $25.2K | $5.82M | $6.1M | $6.25M | $82.1M | $194M | $254M | $263M | $749M | |
| Gross profit | $103K | $244K | $2.03M | $740K | $5.83M | $131M | $65.5M | $26.3M | $114M | -$101M | |
| Research & development | $863K | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales & marketing | $0 | $4.53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $5.57M | $7.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $0 | $6.07M | $40.5M | $998K | $11.1M | $73.6M | $511M | -$11M | -$307M | $300K | |
| Operating expenses | $6.43M | $13.4M | $61.4M | $10.2M | $21.4M | $161M | $578M | $89.4M | -$39.7M | $299M | |
| Operating income | -$6.31M | -$13.2M | -$59.4M | -$9.42M | -$15.5M | -$29.9M | -$513M | -$63M | $154M | -$400M | |
| Interest income | $126K | $105K | $0 | $0 | $85K | $0 | $1.76M | $8.22M | $27.2M | $14M | |
| Interest expense | $30.4K | $4.81M | $123K | $122K | $0 | $296K | $1.31M | $0 | $1.99M | $24.1M | |
| Other non-operating income (gains on investments, FX ...) | -$2.06M | $75.8K | $1.52M | $10.9M | -$6.63M | -$15M | $7.29M | $192M | $41.5M | $0 | |
| Total non-operating income | $2.03M | -$4.88M | -$1.64M | -$11M | $1.44M | $14.7M | -$8.6M | $8.48M | -$43.4M | -$263M | |
| Income before tax | -$4.27M | -$18M | -$61M | -$20.4M | -$14.1M | -$15.2M | -$521M | -$54.6M | $110M | -$663M | |
| Income tax | $30.4K | -$1.61M | -$699K | -$143K | $0 | $254K | -$11.7M | -$5.09M | $744K | -$150K | |
| Net income | -$4.27M | -$19.8M | -$58M | -$20M | -$14.1M | -$15.4M | -$510M | -$49.5M | $109M | -$663M | |
| EPS (basic) | -$1.05 | -$3.30 | -$4.33 | -$1.04 | -$0.30 | -$0.08 | -$3.65 | -$0.28 | $0.40 | -$1.95 | |
| EPS (diluted) | -$1.05 | -$3.30 | -$4.33 | -$1.04 | -$0.30 | -$0.08 | -$3.65 | -$0.28 | $0.34 | -$1.95 | |
| Shares (basic, weighted) | 4.07M | 6.02M | 13.4M | 19.6M | 42M | 93.5M | 139M | 175M | 276M | 341M | |
| Shares (diluted, weighted) | 4.07M | 6.02M | 13.4M | 19.6M | 42M | 93.5M | 139M | 175M | 319M | 341M | |
| Depreciation & amortization | $93.3K | $891K | $5.27M | $2.42M | $4.86M | $26.3M | $108M | $252M | $212M | $347M | |
| EBITDA | -$3.03M | -$12.3M | -$55.6M | -$17.9M | -$4.05M | $11.4M | -$412M | -$2.79M | $324M | -$53.2M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02