Riot Platforms, Inc. (RIOT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3855 AMBROSIA STREET, SUITE 301 CASTLE ROCK, CO 80109 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 597,169 | 230,328 | 323,119 | 223,382 | 7,440 | 225 | |||
| Cash and cash equivalent | 597,169 | 230,328 | 312,315 | 223,382 | 7,440 | 225 | |||
| Short-term investments | 10,804 | ||||||||
| Restricted cash and investments | |||||||||
| Receivables | 24,706 | 26,932 | 15,398 | ||||||
| Prepaid expense | 4,000 | ||||||||
| Contract with customer, asset, after allowance for credit loss | 15,359 | ||||||||
| Derivative instruments and hedges, assets | 30,781 | ||||||||
| Other undisclosed current assets | 340,556 | 186,121 | 235,022 | 12,883 | 1,188 | 2,085 | |||
| Total current assets: | 1,008,571 | 443,381 | 573,539 | 236,265 | 12,628 | 2,311 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 20,413 | 21,673 | 13,189 | 367 | ✕ | ||||
| Property, plant and equipment | 704,194 | 692,555 | 276,480 | 10,143 | 5,051 | 26 | |||
| Long-term investments and receivables | 13,121 | 310 | 310 | 310 | 9,723 | 9,613 | |||
| Long-term investments | 13,121 | 310 | 310 | 310 | 9,723 | 9,413 | |||
| Accounts and financing receivable, after allowance for credit loss | 200 | ||||||||
| Intangible assets, net (including goodwill) | 15,697 | 21,477 | 349,725 | 336 | 459 | 700 | |||
| Goodwill | 335,563 | ||||||||
| Intangible assets, net (excluding goodwill) | 15,697 | 21,477 | 14,162 | 336 | 459 | 700 | |||
| Prepaid expense | 42,433 | 266,170 | 33,093 | 1,449 | |||||
| Derivative instruments and hedges | 73,437 | 97,497 | 26,079 | ||||||
| Deposits noncurrent assets | 703 | 703 | |||||||
| Other undisclosed noncurrent assets | 215,647 | 638 | 25,447 | 507 | |||||
| Total noncurrent assets: | 1,042,509 | 876,583 | 957,400 | 43,882 | 17,752 | 11,550 | |||
| TOTAL ASSETS: | 2,051,080 | 1,319,964 | 1,530,939 | 280,147 | 30,380 | 13,860 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 85,785 | 83,909 | 42,108 | 2,300 | 2,904 | 5,346 | |||
| Accounts payable | 23,157 | 18,445 | 20,037 | 718 | 717 | 3,829 | |||
| Accrued liabilities | 62,628 | 65,464 | 22,071 | 1,582 | 2,187 | 1,516 | |||
| Deferred revenue | 6,531 | 2,882 | 2,843 | 97 | 97 | ✕ | |||
| Debt | 368 | ||||||||
| Disposal group, including discontinued operation | 16 | ||||||||
| Other undisclosed current liabilities | 28,699 | 34,752 | 64,927 | 1,297 | |||||
| Total current liabilities: | 121,015 | 121,543 | 109,878 | 2,397 | 3,369 | 6,659 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 12,257 | 1,696 | |||||||
| Long-term debt, excluding current maturities | 1,696 | ||||||||
| Liabilities, other than long-term debt | 41,405 | 46,341 | 26,037 | 679 | 776 | 143 | |||
| Deferred revenue | 15,801 | 17,869 | 19,796 | 679 | 776 | ✕ | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 143 | ||
| Other liabilities | 6,680 | 8,230 | 6,241 | ||||||
| Operating lease, liability | 18,924 | 20,242 | 12,257 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 638 | 638 | 25,447 | 872 | |||||
| Total noncurrent liabilities: | 42,043 | 46,979 | 63,741 | 679 | 776 | 2,711 | |||
| Total liabilities: | 163,058 | 168,522 | 173,619 | 3,076 | 4,145 | 9,369 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,888,022 | 1,151,442 | 1,357,309 | 277,071 | 26,242 | 5,787 | |||
| Common stock | 2,687,692 | 1,907,784 | 1,595,147 | 506,961 | 243,458 | 202,917 | |||
| Accumulated other comprehensive income | 150 | ||||||||
| Accumulated deficit | (799,820) | (756,342) | (237,838) | (229,912) | (217,238) | (197,199) | |||
| Other undisclosed equity, attributable to parent | 22 | 22 | 69 | ||||||
| Equity, attributable to noncontrolling interest | (7) | (1,296) | |||||||
| Other undisclosed equity | 11 | ||||||||
| Total equity: | 1,888,022 | 1,151,442 | 1,357,320 | 277,071 | 26,235 | 4,491 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,051,080 | 1,319,964 | 1,530,939 | 280,147 | 30,380 | 13,860 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 280,678 | 259,171 | 213,243 | 12,081 | 6,837 | 7,845 | ||
| Cost of revenue | (374,823) | (100,904) | (6,251) | (6,097) | (5,820) | |||
| Gross profit: | 280,678 | (115,652) | 112,339 | 5,830 | 740 | 2,025 | ||
| Operating expenses | (358,036) | (397,049) | (134,698) | (24,158) | (9,978) | (67,211) | ||
| Other undisclosed operating income (loss) | 14,311 | (989) | (844) | 5,820 | ||||
| Operating income (loss): | (63,047) | (512,701) | (22,359) | (19,317) | (10,082) | (59,366) | ||
| Nonoperating income (expense) | 8,482 | (8,601) | 14,687 | 6,650 | (10,364) | (1,642) | ||
| Other nonoperating income (expense) | (59) | 2,378 | ||||||
| Interest and debt expense | (296) | 854 | (123) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (54,565) | (521,302) | (7,968) | (12,667) | (19,592) | (61,131) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 296 | 25,334 | (854) | 123 | ||||
| Income (loss) from continuing operations before income taxes: | (54,565) | (521,302) | (7,672) | 12,667 | (20,446) | (61,008) | ||
| Income tax expense (benefit) | 5,093 | 11,749 | (254) | 143 | 699 | |||
| Income (loss) from continuing operations: | (49,472) | (509,553) | (7,926) | 12,667 | (20,303) | (60,309) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (7,926) | 12,667 | (20,303) | (60,213) | |
| Income from discontinued operations | 96 | |||||||
| Other undisclosed net income (loss) | (25,334) | |||||||
| Net income (loss): | (49,472) | (509,553) | (7,926) | (12,667) | (20,303) | (60,213) | ||
| Net income (loss) attributable to noncontrolling interest | (7) | 264 | 2,205 | |||||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) available to common stockholders, basic: | (49,472) | (509,553) | (7,926) | (12,674) | (20,039) | (58,008) | ||
| Interest on convertible debt | ||||||||
| Net income (loss) available to common stockholders, diluted: | (49,472) | (509,553) | (7,926) | (12,674) | (20,039) | (58,008) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (49,472) | (509,553) | (7,926) | (12,667) | (20,303) | (60,213) | ||
| Comprehensive income (loss): | (49,472) | (509,553) | (7,926) | (12,667) | (20,303) | (60,213) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7) | 264 | 2,205 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 150 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (49,322) | (509,553) | (7,926) | (12,674) | (20,039) | (58,008) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.