RIOT on Nasdaq

Riot Platforms, Inc.

Logo: riotplatforms.com3

Bitcoin mining company.1

Price unavailable

Last updated Oct 18, 2026.

Overview

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  • TickerRIOT on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersCastle Rock1
  • Websitewww.riotplatforms.com
  • Incorporated inNV4
  • Business address85 Rio Grande Drive, Suite 200, Castle Rock, Co 801044
  • Filer categoryLarge accelerated filer4

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-96.1%Operating margin5
-102.4%Net margin5
71.9%Revenue growth, 20255
-23.2%Return on equity5
0.21×Debt to equity5
-$774.3MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Mining brought in 89% of the revenue Riot Platforms, Inc. broke down this way in fiscal 2025.

  1. Mining$576.3M589%up 80% from 2024
  2. Engineering$64.7M510%up 68% from 2024
  3. Other Revenue$6.5M51%down 62% from 2024
Products and services by year
Products and services202320242025
Mining$189.0M$321.0M$576.3M
Engineering$64.3M$38.5M$64.7M
Other Revenue$27.4M$17.2M$6.5M

Business segments

Reportable Segment, Aggregation before Other Operating brought in 51% of the revenue Riot Platforms, Inc. broke down this way in fiscal 2025.

  1. Reportable Segment, Aggregation before Other Operating$670.7M551%up 83% from 2024
  2. Bitcoin Mining$576.3M544%up 80% from 2024
  3. Engineering$64.7M55%up 68% from 2024
Business segments by year
Business segments202320242025
Reportable Segment, Aggregation before Other Operating$261.8M$367.5M$670.7M
Bitcoin Mining$189.0M$321.0M$576.3M
Engineering$64.3M$38.5M$64.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin46¢$298.8M
  • Other costs54¢$348.5M
  • Income tax0¢$150.0K

Out of $647.4M in revenue.5 The company lost money this year.

Financial statements

Revenue67895$647.4M in 2025+9370% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $6.8M$6.8M20192020: $12.1M$12.1M2020+77%2021: $213.2M$213.2M2021+1665%2022: $259.2M$259.2M2022+22%2023: $280.7M$280.7M2023+8%2024: $376.7M$376.7M2024+34%2025: $647.4M$647.4M2025+72%
Operating income67895-$622.2M in 2025+6507% since 2019
-$800.0M-$600.0M-$400.0M-$200.0M0$200.0M2019: -$9.4M-$9.4M20192020: -$15.5M-$15.5M2020+65%2021: -$29.9M-$29.9M2021+92%2022: -$512.7M-$512.7M2022+1616%2023: -$63.0M-$63.0M2023−88%2024: $153.6M$153.6M20242025: -$622.2M-$622.2M2025
Net income67895-$663.2M in 2025+3209% since 2019
-$800.0M-$600.0M-$400.0M-$200.0M0$200.0M2019: -$20.0M-$20.0M20192020: -$14.1M-$14.1M2020−30%2021: -$15.4M-$15.4M2021+9%2022: -$509.6M-$509.6M2022+3201%2023: -$49.5M-$49.5M2023−90%2024: $109.4M$109.4M20242025: -$663.2M-$663.2M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total revenue$647.4M$376.7M$280.7M
Acquisition-related costs$187.0K$5.5M
Selling, general, and administrative$298.8M$266.9M$100.3M
Depreciation and amortization$346.8M$212.1M$252.4M
Change in fair value of bitcoin$115.9M-$457.4M-$184.7M
Change in fair value of derivative assets$1.4M-$45.3M-$6.7M
Power curtailment credits-$56.7M-$33.7M-$71.2M
Change in fair value of contingent consideration-$18.1M-$2.5M
Loss on contract settlement$158.1M
Loss on legal settlement$20.0M
Gain on acquisition post-close dispute settlement-$26.0M
Loss (gain) on sale of equipment-$2.3M$17.4M$5.3M
Casualty-related charges (recoveries), net-$174.0K-$2.8M-$6.0M
Impairment of property and equipment$29.7M
Total costs and expenses$1.3B$223.1M$343.7M
Operating income (loss)-$622.2M$153.6M-$63.0M
Interest income$14.0M$27.2M$11.1M
Interest expense-$24.1M-$2.0M-$2.9M
Loss on equity method investment - marketable securities-$28.2M-$69.5M
Loss on convertible notes investment-$5.8M
Other income (expense)$2.9M$863.0K$260.0K
Total other income (expense)-$41.2M-$43.4M$8.5M
Net income (loss) before taxes-$663.3M$110.1M-$54.6M
Current income tax benefit (expense)$150.0K-$744.0K$48.0K
Deferred income tax benefit (expense)$5.0M
Total income tax benefit (expense)$150.0K-$744.0K$5.1M
Net income (loss)-$663.2M$109.4M-$49.5M
Basic net income (loss) per share (in Dollars per share)-$1.95$0.40-$0.28
Diluted net income (loss) per share (in Dollars per share)-$1.95$0.34-$0.28
Basic weighted average number of shares outstanding (in Shares)340.7M shares276.0M shares175.0M shares
Diluted weighted average number of shares outstanding (in Shares)340.7M shares318.9M shares175.0M shares

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Leadership

Who has led Riot Platforms, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Richard G. Donnelly2006–2009
  2. Daryl Faulkner2009–2010
  3. Steve Lundy2010–2017
  4. Michael Martin Beeghley2017
  5. John R. O'Rourke Iii.2017
  6. Christopher Ensey2018–2019
  7. Jeffrey McGonegal2020
  8. Jason Les2021–now

Chair

  1. Gregory Pusey2006–2008
  2. Daryl Faulkner2009–2010
  3. John R. O'Rourke Iii.2017
  4. Soo Il Benjamin Yi2021–now

President

  1. Richard G. Donnelly2006–2009
  2. Steve Lundy2010–2017
  3. John R. O'Rourke Iii.2017
  4. Daniel Stefan Robertsen2018

Chief financial officer

  1. Jeffrey McGonegal2006–2022
  2. Robby Sai Kit Chang2018
  3. Colin M. Yee2022–now

Chief operating officer

  1. Robert Frederick Caspari2009–2010
  2. Christopher Ensey2018–2019
  3. Megan M. Brooks2021–2022
  4. Stephen Mitchell Howell Jr.2024–now
2010201520202025
Board members and other officers (36)

Former names

  • Riot Blockchain, Inc.Oct 4, 2017 to Dec 19, 20224
  • Bioptix, Inc.Dec 1, 2016 to Sep 29, 20174
  • Venaxis, Inc.Dec 20, 2012 to Nov 30, 20164
  • AspenBio Pharma, Inc.Aug 29, 2005 to Dec 13, 20124
  • ASPENBIO INCApr 12, 2002 to Oct 31, 20054

Timeline

  1. Feb 10, 2021New chief executive Jason Les becomes CEO14
  2. Feb 10, 2020New chief executive Jeffrey McGonegal becomes CEO15
  3. Sep 24, 2018New chief executive Christopher Ensey becomes CEO16
  4. Nov 3, 2017New chief executive John R. O'Rourke Iii. becomes CEO18
  5. Sep 19, 2017Founded Riot Platforms, Inc. is founded67
  6. Apr 10, 2017New chief executive Michael Martin Beeghley becomes CEO17
  7. Mar 26, 2010New chief executive Steve Lundy becomes CEO19
  8. May 21, 2009New chief executive Daryl Faulkner becomes CEO20
  9. Jan 9, 2006New chief executive Richard G. Donnelly becomes CEO21

Filings

428 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 89 major events, 212 insider forms, 16 large holders, 89 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Oct 7, 20268-K EDGAR
  3. Sep 25, 20268-K EDGAR
  4. Aug 14, 20264 EDGAR
  5. Aug 14, 20268-K EDGAR
  6. Aug 10, 202610-Q EDGAR
  7. Aug 10, 20268-K EDGAR
  8. Aug 7, 20264 EDGAR
  9. Aug 6, 2026SCHEDULE 13G/A EDGAR
  10. Aug 4, 20264 EDGAR
  11. Aug 4, 20264 EDGAR
  12. Aug 4, 20264 EDGAR
  13. Jul 9, 20264 EDGAR
  14. Jul 6, 20264 EDGAR
  15. Jul 6, 20264 EDGAR
  16. Jul 6, 20264 EDGAR
  17. Jul 6, 20264 EDGAR
  18. Jul 6, 20264 EDGAR
  19. Jul 6, 20264 EDGAR
  20. Jul 6, 20264 EDGAR

The 428 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 16 such filings since October 2021, the latest 10:

  1. Aug 6, 2026SCHEDULE 13G/A
  2. May 11, 2026SCHEDULE 13G
  3. May 6, 2026SCHEDULE 13G
  4. Apr 29, 2026SCHEDULE 13G
  5. Mar 27, 2026SCHEDULE 13G/A
  6. Feb 5, 2026SCHEDULE 13G/A
  7. Feb 4, 2026SCHEDULE 13G/A
  8. Nov 20, 2025SCHEDULE 13G
  9. Nov 5, 2025SCHEDULE 13G
  10. Feb 13, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.31,984,547$875.7M0.0%+2,331,842
Vanguard Portfolio Management LLC21,725,129$594.8M0.0%+39,470
Fmr LLC19,645,295$537.9M0.0%+4,630,670
Situational Awareness LP17,100,000$468.2M2.3%+5,597,863
Jane Street Group, LLC16,826,113$460.7M0.3%+9,440,160
Vanguard Capital Management LLC15,146,138$414.7M0.0%+281,057
Geode Capital Management, LLC9,275,453$287.8M0.0%+310,985
Starboard Value LP10,114,576$276.9M6.1%−5,430,000
State Street Corp9,438,485$258.4M0.0%+248,755
Dimensional Fund Advisors LP6,987,744$191.3M0.0%−28,707
TOMS Capital Investment Management LP5,875,000$160.9M8.5%New
D. E. Shaw & Co., Inc.5,455,200$149.4M0.1%No change
Bank Of America Corp /de/5,222,018$143.0M0.0%+1,185,496
Mizuho Markets Americas LLC5,140,890$140.8M2.5%+81,232
Nomura Holdings Inc4,917,342$134.6M0.6%−4,987,797
American Century Companies Inc4,583,733$125.5M0.1%+2,435,461
Goldman Sachs Group Inc4,239,444$116.1M0.0%+430,640
Invesco Ltd.3,959,103$108.4M0.0%+1,251,738
Point72 Asset Management, L.P.3,714,879$101.7M0.2%New
Two Sigma Investments, LP3,632,510$99.5M0.1%+3,236,381
Morgan Stanley3,425,574$93.8M0.0%+389,610
Wellington Management Group Llp3,412,258$93.4M0.0%+1,793,940
Connor, Clark & Lunn Investment Management Ltd.3,393,623$92.9M0.2%+758,265
Value Aligned Research Advisors, LLC3,290,544$90.1M0.5%−1,886,374
Northern Trust Corp3,278,125$89.8M0.0%+249,837

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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