Riot Platforms (RIOT)
Builds power infrastructure for bitcoin mining, AI data centers, and engineered electrical systems.
$25.19
vs last close+0.25 (+1.02%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52 | 79 | 79 | 70 | 85 | 143 | 161 | 153 | 180 | 153 | 167 | 174 |
| Cost of revenue | 64 | 63 | 47 | 54 | 73 | 89 | 174 | 174 | 192 | 209 | 233 | 133 |
| Gross profit | −12 | 15 | 32 | 16 | 12 | 53 | −12 | −21 | −12 | −56 | −66 | 41 |
| 71 | −59 | −172 | 133 | 133 | −135 | 71 | 76 | 70 | 82 | 76 | 281 | |
| 29 | 39 | 58 | 61 | 67 | 81 | 71 | 76 | 70 | 82 | 76 | 82 | |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82 |
| Other expenses | 42 | −98 | −229 | 72 | 66 | −216 | 0 | 0 | 0 | 0 | 0 | 199 |
| Operating income | −83 | 74 | 204 | −117 | −122 | 188 | −84 | −97 | −82 | −137 | −142 | −239 |
| 2 | 5 | 8 | 33 | −33 | −51 | −212 | 317 | 188 | −556 | −358 | 2 | |
| Interest income | 2 | 5 | 8 | 8 | 5 | 6 | 3 | 3 | 4 | 3 | 2 | 4 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 6 | 8 | 8 | 3 | 3 |
| Other non-operating income | −27 | 155 | −8 | −33 | −19 | −148 | 0 | 0 | 0 | 0 | 0 | −5 |
| Income before tax | −80 | 79 | 212 | −84 | −154 | 137 | −296 | 220 | 106 | −693 | −500 | −237 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 2 | −3 | 0 | 0 |
| Net income from continuing operations | −80 | 79 | 212 | −84 | −154 | 136 | −296 | 219 | 104 | −691 | −500 | −237 |
| Net income | −80 | 79 | 212 | −84 | −154 | 136 | −296 | 219 | 104 | −691 | −500 | −237 |
| 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 |
| Weighted average shares, basic | 181 | 231 | 260 | 265 | 286 | 276 | 330 | 336 | 347 | 372 | 348 | 348 |
| Weighted average shares, diluted | 181 | 231 | 262 | 265 | 286 | 319 | 330 | 383 | 403 | 372 | 348 | 348 |
| EBITDA | 9 | −18 | 244 | −47 | −43 | 418 | −6 | −14 | 1 | −35 | −45 | −137 |
| Depreciation & amortization | 65 | 62 | 32 | 37 | 60 | 82 | 78 | 83 | 83 | 103 | 98 | 98 |
| EBIT | −56 | −81 | 212 | −84 | −103 | 336 | −84 | −97 | −82 | −137 | −142 | −235 |
