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Riot Platforms, Inc. RIOT Gross Profit

Discontinued — last reported Q1 '21

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——

Segments

By segment

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Bitcoin Mining$25.13M-63.1%
Engineering$7.45M-11.7%
Data Centers$2.38M—

Other financials

Income statement

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Revenue$167.2M+3.6%
Operating income-$499.9M-114%
Net income-$500.5M-68.9%
EPS (diluted)-$1.44-60.0%

Balance sheet

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Cash & equivalents$205.7M+25.6%
Total debt$877.2M+41.8%
Total equity$2.4B-18.7%
Total assets$3.4B-7.6%

Cash flow

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Operating cash flow-$182.7M-49.6%
CapEx$115.5M+251%
Free cash flow-$298.1M-92.4%

Valuation

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Market cap$8.13B+88.6%
Enterprise value$8.8B+78.8%
P/S12.5×+4.5×

Profitability

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Gross margin62.4%—
Operating margin-136%-835pp
Net margin-132.8%+148pp
FCF margin-140.4%+36.0pp

Returns & leverage

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Return on equity-32.5%-189pp
Debt / equity0.4×+0.2×
Current ratio1.1×-2.1×

Where this comes from

Calculated from Riot Platforms, Inc.’s reported figures.

$23.2Mtotal revenue−$7.5Mtotal cost of revenue=$15.66M

The source filing: Riot Platforms, Inc.’s 10-K, filed March 2, 2023. Open the filing →

Filed
Mar 2, 2023
Fiscal year
FY2022
Accession
0001558370-23-002704

FAQ

What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.