Riot Platforms Inc. (RIOT) Financial Statements (2024 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)

3/31/2024
MRQ
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 investments597,169230,328323,119223,3827,440225
Cash and cash equivalents597,169230,328312,315223,3827,440225
Short-term investments   10,804   
Receivables24,70626,93215,398   
Prepaid expense     4,000 
Contract with customer, asset, after allowance for credit loss15,359     
Derivative instruments and hedges, assets30,781     
Other undisclosed current assets340,556186,121235,02212,8831,1882,085
Total current assets:1,008,571443,381573,539236,26512,6282,311
Noncurrent Assets
Operating lease, right-of-use asset20,41321,67313,189 367
Property, plant and equipment704,194692,555276,48010,1435,05126
Long-term investments and receivables13,1213103103109,7239,613
Long-term investments13,1213103103109,7239,413
Accounts and financing receivable, after allowance for credit loss      200
Intangible assets, net (including goodwill)15,69721,477349,725336459700
Goodwill   335,563   
Intangible assets, net (excluding goodwill)15,69721,47714,162336459700
Prepaid expense  42,433266,17033,0931,449 
Derivative instruments and hedges73,43797,49726,079   
Deposits noncurrent assets     703703
Other undisclosed noncurrent assets215,64763825,447  507
Total noncurrent assets:1,042,509876,583957,40043,88217,75211,550
TOTAL ASSETS:2,051,0801,319,9641,530,939280,14730,38013,860
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities85,78583,90942,1082,3002,9045,346
Accounts payable23,15718,44520,0377187173,829
Accrued liabilities62,62865,46422,0711,5822,1871,516
Deferred revenue6,5312,8822,8439797
Debt     368 
Disposal group, including discontinued operation      16
Other undisclosed current liabilities28,69934,75264,927  1,297
Total current liabilities:121,015121,543109,8782,3973,3696,659
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 debt41,40546,34126,037679776143
Deferred revenue15,80117,86919,796679776
Deferred tax liabilities, net143
Other liabilities6,6808,2306,241   
Operating lease, liability18,92420,24212,257  
Other undisclosed noncurrent liabilities63863825,447  872
Total noncurrent liabilities:42,04346,97963,7416797762,711
Total liabilities:163,058168,522173,6193,0764,1459,369
Equity
Equity, attributable to parent, including:1,888,0221,151,4421,357,309277,07126,2425,787
Common stock2,687,6921,907,7841,595,147506,961243,458202,917
Accumulated other comprehensive income150     
Accumulated deficit(799,820)(756,342)(237,838)(229,912)(217,238)(197,199)
Other undisclosed equity, attributable to parent    222269
Equity, attributable to noncontrolling interest     (7)(1,296)
Other undisclosed equity   11   
Total equity:1,888,0221,151,4421,357,320277,07126,2354,491
TOTAL LIABILITIES AND EQUITY:2,051,0801,319,9641,530,939280,14730,38013,860

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues280,678259,171213,24312,0816,8377,845
Cost of revenue (374,823)(100,904)(6,251)(6,097)(5,820)
Gross profit:280,678(115,652)112,3395,8307402,025
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)14,6876,650(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   29625,334(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)5,09311,749(254) 143699
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 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)2642,205
Net income (loss) available to common stockholders, diluted:(49,472)(509,553)(7,926)(12,674)(20,039)(58,008)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
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)2642,205
Other undisclosed comprehensive income, net of tax, attributable to parent150     
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.

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