Riot Blockchain, Inc. (RIOT) Balance Sheet
RIOT balance sheet, 2025
December 31, 2025 · U.S. dollars$3.94B assets = $1.08B liabilities + $2.86B equity
Both columns are drawn to the same scale: what RIOT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RIOT financial health
Descriptive bands, not a rating. Fiscal 2025.
RIOT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $17.0M2016 | $3.94B2025 | +83.1%/yr | |
| Total liabilities | $2.1M2016 | $1.08B2025 | +99.8%/yr | |
| Shareholders’ equity | $14.9M2016 | $2.86B2025 | +79.3%/yr | |
| Cash & short-term investments | $13.0M2016 | $233.5M2025 | +37.8%/yr | |
| Total debt | $139,6112016 | $866.8M2025 | +163.9%/yr | |
| Net cash (debt) | $12.9M2016 | −$633.2M2025 | −$646.1M | |
| Working capital | $12.7M2016 | −$21.1M2025 | −$33.8M | |
| Book value per share | $14.522021 | $8.392025 | −12.8%/yr | |
| Current ratio | 13.032016 | 0.962025 | −12.07 | |
| Debt / equity | 0.012016 | 0.302025 | +0.29 | |
| Shares outstanding | 93.5M2021 | 340.7M2025 | +38.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RIOT assets
RIOT liabilities and equity
RIOT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RIOT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $233.5M | $412.1M | $908.3M | $339.7M | $482.7M | $223.4M | $11.3M | $932,015 | $41.9M | $13.0M |
| Cash & equivalents | $233.5M | $277.9M | $597.2M | $230.3M | $312.3M | $223.4M | $7.4M | $225,390 | $41.7M | $5.5M |
| Short-term investments | $0 | $134.3M | $311.2M | $109.4M | $170.3M | $11.6M | $3.8M | $706,625 | $200,164 | $7.5M |
| Receivables | $38.1M | $33.6M | $40.1M | $46.7M | $25.3M | $0 | $0 | $0 | $0 | $4,539 |
| Inventory | $0 | $0 | $31.1M | −$169.4M | −$169.4M | $0 | $0 | $0 | $0 | $415,847 |
| Other current assets | $177.1M | $153.7M | $29.1M | $226.4M | $235.0M | $12.9M | $1.3M | $1.4M | $538,856 | $286,495 |
| Total current assets | $448.7M | $599.5M | $1.01B | $443.4M | $573.5M | $236.3M | $12.6M | $2.3M | $42.4M | $13.7M |
| Property, plant & equipment (net) | $1.40B | $1.37B | $899.6M | $714.2M | $542.3M | $10.1M | $6.9M | $26,269 | $4.3M | $41,133 |
| Goodwill & intangible assets | $313.0M | $155.9M | $15.7M | $357.0M | $363.2M | $336,000 | $459,000 | $1.2M | $2.5M | $3.2M |
| Long-term investments | $1.23B | $1.65B | $0 | $97.8M | $26.4M | $310,000 | $9.7M | $9.6M | $3.2M | $0 |
| Other non-current assets | $549.0M | $159.1M | $127.2M | $0 | $25.4M | $33.1M | $703,000 | $703,275 | $0 | $37,000 |
| Total assets | $3.94B | $3.94B | $2.05B | $1.32B | $1.53B | $280.1M | $30.4M | $13.9M | $52.3M | $17.0M |
| Liabilities | ||||||||||
| Accounts payable | $23.4M | $17.6M | $23.2M | $18.4M | $20.0M | $718,000 | $717,000 | $3.8M | $410,029 | $253,817 |
| Short-term debt | $260.2M | $4.9M | $2.4M | $2.0M | $1.2M | — | $368,000 | $2.7M | $135,574 | $139,611 |
| Deferred revenue | $37.1M | $12.5M | $6.5M | $2.9M | $8.1M | $97,000 | $97,000 | $96,698 | $96,698 | $96,698 |
| Total current liabilities | $469.8M | $160.4M | $121.0M | $121.5M | $109.9M | $2.4M | $3.4M | $6.7M | $1.0M | $1.1M |
| Long-term debt | $586.9M | $584.3M | $526,000 | $0 | $0 | $0 | $0 | $1.7M | $0 | $0 |
| Lease obligations | $26.0M | $28.5M | $21.3M | $22.3M | $13.4M | $0 | $368,000 | — | — | — |
| Other long-term liabilities | $21.7M | $46.9M | $41.5M | $47.0M | $63.7M | $679,000 | $776,000 | $1.0M | $1.7M | $1.1M |
| Total liabilities | $1.08B | $791.6M | $163.1M | $168.5M | $173.6M | $3.1M | $4.1M | $9.4M | $2.7M | $2.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.21B | $3.83B | $2.69B | $1.91B | $1.60B | $507.0M | $243.5M | $202.9M | $180.4M | $124.8M |
| Retained earnings (deficit) | −$1.35B | −$690.4M | −$799.8M | −$756.3M | −$237.8M | −$229.9M | −$217.2M | −$197.2M | −$139.3M | −$109.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | $222,000 | $150,000 | −$1.60B | −$1.60B | $0 | −$243.5M | −$66,571 | −$468,079 | −$111,323 |
| Minority interest | — | — | — | — | — | — | −$7,000 | −$1.3M | $758,095 | $0 |
| Total shareholders' equity | $2.86B | $3.14B | $1.89B | $1.15B | $1.36B | $277.1M | $26.2M | $4.5M | $48.9M | $14.9M |
| Key figures | ||||||||||
| Total debt | $866.8M | $613.2M | $21.3M | $22.3M | $13.4M | — | $368,000 | $4.4M | $135,574 | $139,611 |
| Net cash (debt) | −$633.2M | −$201.0M | $887.0M | $317.5M | $469.2M | — | $10.9M | −$3.5M | $41.7M | $12.9M |
| Working capital | −$21.1M | $439.1M | $887.6M | $321.8M | $463.7M | $233.9M | $9.3M | −$4.3M | $41.4M | $12.7M |
| Tangible book value | $2.55B | $2.99B | $1.87B | $794.4M | $994.1M | $276.7M | $25.8M | $3.3M | $46.4M | $11.7M |
| Book value per share | $8.39 | $9.86 | $10.79 | $8.26 | $14.52 | — | — | — | — | — |
| Shares outstanding | 340.7M | 318.9M | 175.0M | 139.4M | 93.5M | — | — | — | — | — |
| Current ratio | 0.96 | 3.74 | 8.33 | 3.65 | 5.22 | 98.57 | 3.75 | 0.35 | 40.74 | 13.03 |
| Quick ratio | 0.58 | 2.78 | 7.84 | 3.18 | 4.62 | 93.19 | 3.35 | 0.14 | 40.22 | 12.36 |
| Debt / equity | 0.30 | 0.20 | 0.01 | 0.02 | 0.01 | — | 0.01 | 0.98 | 0.00 | 0.01 |
| Equity / assets | 72.6% | 79.9% | 92.1% | 87.2% | 88.7% | 98.9% | 86.4% | 32.4% | 93.4% | 87.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $471.4M | $205.7M | $233.5M | $330.7M | $392.8M | $234.7M | $412.1M | $545.8M | $638.8M | $688.5M | $908.3M | $441.9M |
| Cash & equivalents | $471.4M | $205.7M | $233.5M | $330.7M | $330.2M | $163.7M | $277.9M | $355.7M | $481.2M | $688.5M | $597.2M | $290.1M |
| Short-term investments | — | — | $0 | $0 | $62.5M | $71.0M | $134.3M | $190.1M | $157.6M | $0 | $311.2M | $151.8M |
| Receivables | $42.4M | $80.7M | $38.1M | $28.6M | $31.9M | $27.9M | $33.6M | $30.7M | $28.0M | $27.4M | $40.1M | $35.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $31.1M | $271,000 |
| Other current assets | $211.9M | $176.3M | $177.1M | $169.2M | $91.4M | $186.9M | $153.7M | $140.3M | $77.1M | $69.2M | $29.1M | $36.0M |
| Total current assets | $725.7M | $462.7M | $448.7M | $528.6M | $516.1M | $449.6M | $599.5M | $716.9M | $743.8M | $785.1M | $1.01B | $513.4M |
| Property, plant & equipment (net) | $1.59B | $1.48B | $1.40B | $1.37B | $1.33B | $1.35B | $1.37B | $1.20B | $1.06B | $843.4M | $899.6M | $688.9M |
| Goodwill & intangible assets | $150.8M | $312.1M | $313.0M | $215.4M | $154.6M | $166.1M | $155.9M | $108.1M | $23.1M | $24.5M | $26.0M | $17.2M |
| Long-term investments | $325.4M | $673.9M | $1.23B | $1.82B | $1.71B | $1.59B | $1.65B | $660.4M | $585.1M | $605.6M | $0 | $0 |
| Other non-current assets | $468.5M | $510.1M | $549.0M | $538.2M | $570.3M | $168.6M | $159.1M | $240.2M | $310.6M | $352.6M | $116.9M | $236.0M |
| Total assets | $3.26B | $3.44B | $3.94B | $4.48B | $4.29B | $3.72B | $3.94B | $2.92B | $2.72B | $2.61B | $2.05B | $1.46B |
| Liabilities | ||||||||||||
| Accounts payable | $18.1M | $10.7M | $23.4M | $12.7M | $18.1M | $7.9M | $17.6M | $12.5M | $5.1M | $13.5M | $23.2M | $8.9M |
| Short-term debt | $254.6M | $263.6M | $260.2M | $259.4M | $258.4M | $6.0M | $4.9M | $4.9M | $3.3M | $3.2M | $2.7M | $2.5M |
| Deferred revenue | — | $64.7M | $37.1M | $20.2M | $22.4M | $11.5M | $12.5M | $37.3M | $34.8M | $32.2M | $32.5M | $34.4M |
| Total current liabilities | $465.7M | $429.3M | $469.8M | $358.5M | $374.9M | $139.3M | $160.4M | $126.2M | $97.3M | $92.6M | $121.0M | $71.1M |
| Long-term debt | $588.4M | $587.7M | $586.9M | $586.5M | $585.8M | $585.0M | $584.3M | $5.6M | $0 | $0 | $526,000 | $0 |
| Lease obligations | $34.8M | $35.0M | $26.0M | $32.1M | $31.1M | $33.3M | $28.5M | $24.8M | $23.0M | $23.6M | $21.3M | $21.9M |
| Other long-term liabilities | $24.8M | $26.3M | $21.7M | $29.0M | $28.8M | $49.9M | $46.9M | $41.4M | $41.8M | $43.2M | $41.5M | $43.6M |
| Total liabilities | $1.08B | $1.04B | $1.08B | $974.1M | $989.5M | $774.2M | $791.6M | $173.3M | $139.1M | $135.8M | $163.1M | $114.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.28B | $4.25B | $4.21B | $4.17B | $4.06B | $3.93B | $3.83B | $3.58B | $3.26B | $3.06B | $2.69B | $2.23B |
| Retained earnings (deficit) | −$2.09B | −$1.85B | −$1.35B | −$662.9M | −$767.3M | −$986.8M | −$690.4M | −$826.9M | −$672.5M | −$588.0M | −$799.8M | −$885.0M |
| Accumulated other comprehensive income | — | — | — | $221,000 | $195,000 | $245,000 | $222,000 | $189,000 | −$19,000 | $9,000 | $150,000 | $0 |
| Total shareholders' equity | $2.19B | $2.39B | $2.86B | $3.50B | $3.30B | $2.94B | $3.14B | $2.75B | $2.58B | $2.48B | $1.89B | $1.34B |
| Key figures | ||||||||||||
| Total debt | $279.2M | $877.2M | $866.8M | $871.9M | $869.5M | $618.6M | $613.2M | $31.1M | $23.7M | $24.3M | $22.1M | $22.7M |
| Net cash (debt) | $192.1M | −$671.5M | −$633.2M | −$541.1M | −$476.8M | −$383.9M | −$201.0M | $514.7M | $615.1M | $664.2M | $886.2M | $419.2M |
| Working capital | $260.0M | $33.3M | −$21.1M | $170.0M | $141.2M | $310.3M | $439.1M | $590.6M | $646.5M | $692.5M | $887.6M | $442.3M |
| Tangible book value | $2.04B | $2.08B | $2.55B | $3.29B | $3.14B | $2.78B | $2.99B | $2.64B | $2.56B | $2.45B | $1.86B | $1.32B |
| Book value per share | $6.31 | $6.89 | $7.69 | $8.69 | $8.61 | $8.94 | $9.86 | $9.60 | $9.77 | $9.44 | $8.18 | $7.41 |
| Shares outstanding | 347.7M | 347.6M | 371.6M | 403.2M | 382.7M | 329.5M | 318.9M | 286.2M | 264.6M | 262.4M | 230.8M | 181.0M |
| Current ratio | 1.56 | 1.08 | 0.96 | 1.47 | 1.38 | 3.23 | 3.74 | 5.68 | 7.65 | 8.47 | 8.33 | 7.22 |
| Quick ratio | 1.10 | 0.67 | 0.58 | 1.00 | 1.13 | 1.89 | 2.78 | 4.57 | 6.85 | 7.73 | 7.84 | 6.71 |
| Debt / equity | 0.13 | 0.37 | 0.30 | 0.25 | 0.26 | 0.21 | 0.20 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Equity / assets | 67.2% | 69.7% | 72.6% | 78.3% | 76.9% | 79.2% | 79.9% | 94.1% | 94.9% | 94.8% | 92.1% | 92.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
RIOT financial position
At the end of fiscal 2025 (December 31, 2025), Riot Blockchain had total assets of $3.9 billion (up 0.0% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $2.9 billion. It held $233.5 million in cash and short-term investments against $866.8 million of debt, net debt of $633.2 million. Its current ratio was 0.96. In the latest quarter (ended June 30, 2026) total assets were $3.3 billion and equity $2.2 billion.
Related: RIOT income statement, RIOT cash flow statement, RIOT key metrics. See the RIOT stock overview for the latest quote and news.
RIOT balance sheet FAQ
What are Riot Blockchain's total assets?
Riot Blockchain reported total assets of $3.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.9 billion a year earlier.
How much debt does Riot Blockchain have?
Riot Blockchain had $866.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.30.
How much cash does Riot Blockchain have?
Riot Blockchain held $233.5 million in cash and short-term investments at the end of fiscal 2025; with $866.8 million of debt that is net debt of $633.2 million.
What is Riot Blockchain's book value?
Riot Blockchain's shareholders' equity (book value) was $2.9 billion at the end of fiscal 2025, or $8.39 per share.
What is Riot Blockchain's current ratio?
Riot Blockchain had current assets of $448.7 million and current liabilities of $469.8 million, a current ratio of 0.96 (current liabilities exceed current assets).
How much goodwill does Riot Blockchain have?
Riot Blockchain carried $313.0 million of goodwill and intangible assets, 8.0% of total assets, at the end of fiscal 2025.