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Riot Platforms, Inc. RIOT Q4 2025 Annual earnings

Reported March 2, 2026 · After market close

Revenue$152.8MMiss by $7.1MDiluted EPS-$2.03Miss by $1.81
Revenue estimate$159.9M
EPS estimate-$0.22

Next report

Jul 30, 2026 (In 2 days)
Revenue estimate$155.6M
EPS estimate-$0.30

Financials

Q4 2025

Income statement

See full
Revenue$152.8M+7.2%
Operating income-$684.5M-464%
Net income-$690.7M-606%
EPS (diluted)-$2.03-561%

Balance sheet

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Cash & equivalents$233.5M-16.0%
Total debt$866.8M+41.4%
Total equity$2.9B-9.1%
Total assets$3.9B0.0%

Cash flow

See full
Operating cash flow-$105.5M-7.3%
CapEx$82.5M+41.7%
Free cash flow-$188.0M-20.1%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$4.71B+34.2%
Enterprise value$5.34B+38.9%
P/S7.3×-2.0×

Profitability

See full
Operating margin-96.1%-137pp
Net margin-102.4%-131pp
FCF margin-119.6%-9.9pp

Returns & leverage

See full
Return on equity-22.1%-26.4pp
Debt / equity0.3×+0.1×
Current ratio1×-2.8×

Segments

By product

See full
Mining$131.7M+4.3%
Engineering$32.7M+164%

By segment

See full
Bitcoin Mining$131.7M+4.3%

Versus estimates

Revenue

Q1 2026$167.2MBeat by $36.7M
Q4 2025$152.8MMiss by $7.1M
Q3 2025$180.2MBeat by $20.7MQ2 2025$153.0MMiss by $15.1MQ1 2025$161.4MBeat by $665.4KQ4 2024$142.6MBeat by $3.4M

Diluted EPS

Q1 2026-$1.44Miss by $1.11
Q4 2025-$2.03Miss by $1.81
Q3 2025$0.26Beat by $0.45Q2 2025$0.57Beat by $0.76Q1 2025-$0.90Miss by $0.65Q4 2024$0.44Beat by $0.71

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Questions, answered.

When did Riot Platforms, Inc. report Q4 2025 earnings?
Riot Platforms, Inc. (RIOT) reported Q4 2025 earnings on March 2, 2026 after market close.
What were Riot Platforms, Inc.'s Q4 2025 revenue and EPS?
Riot Platforms, Inc. reported revenue of $152.8M and diluted EPS of $-2.03 for Q4 2025.
Did Riot Platforms, Inc. beat estimates in Q4 2025?
Revenue missed the consensus estimate of $159.9M by $7.1M. EPS missed the consensus estimate of $-0.22 by $1.81.
How did Riot Platforms, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.2% from $142.6M a year earlier.
Where can I find Riot Platforms, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001104659-26-022288) and the 10-K periodic report (0001104659-26-022322) directly on SEC EDGAR. The filing index links above go to sec.gov.