RIOT PLATFORMS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $647.4M | $376.7M | $280.7M | $259.2M | $213.2M | $12.1M | $6.8M |
| Cost of Revenue | — | — | — | — | — | — | $6.3M | $6.1M |
| Gross Profit | — | — | — | — | — | — | $5.8M | $740.0K |
| Gross Margin | — | — | — | — | — | — | 48.3% | 10.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $298.8M | $266.9M | $100.3M | $67.5M | $87.4M | $87.4M | $9.2M |
| Operating Income | — | $-622.2M | $153.6M | $-63.0M | $-512.7M | $-29.9M | $-15.5M | $-9.4M |
| Operating Margin | — | -96.1% | 40.8% | -22.5% | -197.8% | -14.0% | -128.7% | -137.7% |
| Interest Expense | — | — | — | — | — | $296.0K | — | $122.0K |
| Pretax Income | — | $-663.3M | $110.1M | $-54.6M | $-521.3M | $-15.2M | $-14.1M | $-20.4M |
| Income Tax Expense | — | $-150.0K | $744.0K | $-5.1M | $-11.7M | $254.0K | — | $-143.0K |
| Net Income | — | $-663.2M | $109.4M | $-49.5M | $-509.6M | $-15.4M | $-14.1M | $-20.0M |
| Net Margin | — | -102.4% | 29.0% | -17.6% | -196.6% | -7.2% | -116.8% | -293.1% |
| EPS (Basic) | — | $-1.95 | $0.40 | $-0.28 | $-3.65 | $-0.17 | $-0.17 | $-0.26 |
| EPS (Diluted) | — | $-1.95 | $0.34 | $-0.28 | $-3.65 | $-0.17 | $-0.17 | $-0.26 |
| Shares Outstanding (Basic) | 379.1M | 340.7M | 276.0M | 175.0M | 139.4M | 93.5M | 84.0M | 78.4M |
| Shares Outstanding (Diluted) | 379.1M | 340.7M | 318.9M | 175.0M | 139.4M | 93.5M | 84.0M | 78.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |