15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $647M | -$663M | 0.0% | -96.1% | -23.2% | -16.8% | -$774M | $841M | $234M |
| 2024 | $377M | $109M | 0.0% | 40.8% | 3.5% | 2.8% | -$495M | $585M | $278M |
| 2023 | $281M | -$49M | 0.0% | -22.5% | -2.6% | -2.4% | -$161M | $783000 | $597M |
| 2022 | $259M | -$510M | 0.0% | -197.8% | -44.3% | -38.6% | -$148M | — | $230M |
| 2021 | $213M | -$15M | 0.0% | -14.0% | -1.1% | -1.0% | -$233M | — | $312M |
| 2020 | $12M | -$14M | 48.3% | -128.7% | -5.1% | -5.0% | -$11M | — | $223M |
| 2019 | $7M | -$20M | 10.8% | -137.7% | -76.4% | -66.0% | -$20M | — | $7M |
| 2018 | $8M | -$58M | 25.8% | -756.7% | -1002.4% | -418.5% | -$39M | — | $225000 |
| 2017 | $269657 | -$20M | 90.7% | -4878.2% | -40.6% | -37.9% | — | — | $42M |
| 2016 | — | -$4M | — | — | -28.6% | -25.1% | -$6M | — | $6M |
| 2015 | — | -$9M | — | — | -54.5% | -42.0% | — | — | $2M |
| 2014 | — | -$10M | — | — | -44.1% | -36.4% | — | — | $4M |
| 2013 | — | -$12M | — | — | -93.8% | -65.2% | -$10M | — | $6M |
| 2012 | — | -$9M | — | — | -86.2% | -55.4% | -$6M | — | $11M |
| 2011 | — | -$10M | — | — | -267.0% | -117.0% | -$8M | — | $3M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $174M | -$237M | 0.0% | -137.4% | -10.8% | -7.3% | -$151M | $5M | $471M |
| Mar '26 | $167M | -$500M | 0.0% | -298.9% | -20.9% | -14.6% | -$298M | $5M | $206M |
| Dec '25 | $153M | -$691M | 0.0% | -447.9% | -24.2% | -17.5% | -$188M | $841M | $234M |
| Sep '25 | $180M | $104M | 0.0% | 44.4% | 3.0% | 2.3% | -$140M | $5M | $331M |
| Jun '25 | $153M | $219M | 0.0% | 141.3% | 6.7% | 5.1% | -$292M | $5M | $255M |
| Mar '25 | $161M | -$296M | 0.0% | -144.9% | -10.1% | -8.0% | -$155M | $5M | $164M |
| Dec '24 | $143M | $136M | 0.0% | 132.0% | 4.3% | 3.5% | -$157M | $585M | $278M |
| Sep '24 | $85M | -$154M | 0.0% | -143.3% | -5.6% | -5.3% | -$128M | $6M | $356M |
| Jun '24 | $70M | -$84M | 0.0% | -167.2% | -3.3% | -3.1% | -$96M | — | $481M |
| Mar '24 | $79M | $212M | 0.0% | 257.2% | 8.6% | 8.1% | -$115M | — | $688M |
| Dec '23 | $79M | $39M | 0.0% | 43.5% | 2.1% | 1.9% | -$460000 | $783000 | $597M |
| Sep '23 | $52M | -$80M | 0.0% | -159.1% | -5.8% | -5.5% | -$47M | — | $290M |
| Jun '23 | $77M | -$27M | 0.0% | -41.9% | -2.1% | -2.0% | -$95M | — | $289M |
| Mar '23 | $73M | $19M | 0.0% | 23.7% | 1.6% | 1.5% | -$19M | — | $158M |
| Dec '22 | $60M | -$160M | 0.0% | -270.1% | -13.9% | -12.1% | -$17M | — | $230M |
| Sep '22 | $46M | -$32M | 0.0% | -77.5% | -2.5% | -2.2% | -$39M | — | $255M |
| Jun '22 | $73M | -$354M | 0.0% | -484.2% | -27.3% | -24.5% | -$9M | — | $270M |
| Mar '22 | $80M | $37M | 0.0% | 48.7% | 2.7% | 2.4% | -$82M | — | $114M |
| Dec '21 | $91M | -$27M | 0.0% | -30.8% | -2.0% | -1.8% | -$93M | — | $312M |
| Sep '21 | $65M | -$22M | 0.0% | -16.7% | -2.9% | -2.3% | -$105M | — | $58M |
How the market has priced RIOT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Riot Platforms, Inc.'s revenue has grown 121.7% per year. These are computed facts, not advice.
As of FY2025, Riot Platforms, Inc. reported $841M of total debt against $234M of cash.
In FY2025, gross margin was —, operating margin -96.1%, and net margin -102.4%.
As of Sep '26, Riot Platforms, Inc. traded at a price-to-earnings ratio of about 55.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.