Riot Blockchain, Inc. (RIOT) Income Statement
RIOT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRIOT revenue and net income
Where RIOT's revenue goes
2025Each bar shows an amount and its share of revenue. RIOT kept −102.4% of revenue as net income.
RIOT profit margins
RIOT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +71.9% | +35.7% | +121.7% | +124.6% |
| Gross profit | −188.9% | — | — | — |
| Operating income | −360.5% | — | — | — |
| Net income | −706.2% | — | — | — |
| EPS (diluted) | −396.3% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RIOT quarterly EPS vs estimates
Riot Blockchain beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 29, 2026 (estimate $-0.33).
RIOT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $647.4M | $376.7M | $280.7M | $259.2M | $213.2M | $12.1M | $6.8M | $7.8M | $269,657 | $106,115 |
| Cost of revenue | $748.7M | $262.8M | $254.3M | $193.7M | $82.1M | $6.3M | $6.1M | $5.8M | $25,186 | $3,058 |
| Gross profit | −$101.3M | $113.9M | $26.3M | $65.5M | $131.2M | $5.8M | $740,000 | $2.0M | $244,471 | $103,057 |
| Research & development | — | — | — | — | — | — | — | $0 | $20,033 | $862,784 |
| Sales, general & admin | $298.8M | $266.9M | $100.3M | $67.5M | $87.4M | $10.3M | $9.2M | $20.9M | $7.3M | $5.6M |
| Total operating expenses | $298.8M | −$39.7M | $89.4M | $578.2M | $113.8M | $21.4M | $10.2M | $61.4M | $13.4M | $6.4M |
| Operating income | −$400.0M | $153.6M | −$63.0M | −$512.7M | $19.8M | −$15.5M | −$9.4M | −$59.4M | −$13.2M | −$6.3M |
| Interest income | $14.0M | $27.2M | $8.2M | $454,000 | $353,000 | $85,000 | $6.2M | $26,250 | $104,886 | $126,296 |
| Interest expense | $24.1M | $2.0M | $8.2M | $1.3M | $296,000 | $85,000 | $122,000 | $123,000 | $4.8M | $30,408 |
| Income before taxes | −$663.3M | $110.1M | −$54.6M | −$521.3M | −$7.7M | −$14.1M | −$20.4M | −$61.0M | −$18.0M | −$4.3M |
| Income taxes | −$150,000 | $744,000 | −$5.1M | −$11.7M | $254,000 | $1,000 | −$143,000 | −$699,000 | −$1.6M | $30,408 |
| Net income | −$663.2M | $109.4M | −$49.5M | −$509.6M | −$7.9M | −$14.1M | −$20.0M | −$58.0M | −$19.8M | −$4.3M |
| EBITDA | −$53.2M | $324.2M | −$2.8M | −$412.0M | $46.4M | −$4.1M | −$17.9M | −$55.6M | −$12.3M | −$3.0M |
| EPS (diluted) | −$1.60 | $0.54 | −$0.32 | −$1.20 | −$0.18 | −$0.03 | −$0.68 | −$2.26 | −$0.85 | −$1.51 |
| Gross margin | −15.6% | 30.2% | 9.4% | 25.3% | 61.5% | 48.3% | 10.8% | 25.8% | 90.7% | 97.1% |
| Operating margin | −61.8% | 40.8% | −22.5% | −197.8% | 9.3% | −128.7% | −137.7% | −756.7% | −4,878.2% | −5,943.7% |
| Net margin | −102.4% | 29.0% | −17.6% | −196.6% | −3.7% | −116.8% | −293.1% | −739.4% | −7,359.7% | −4,026.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $174.2M | $167.2M | $152.8M | $180.2M | $153.0M | $161.4M | $142.6M | $84.8M | $70.0M | $79.3M | $78.8M | $51.9M |
| Cost of revenue | $133.0M | $233.4M | $208.5M | $192.4M | $174.2M | $173.5M | $89.1M | $72.9M | $53.6M | $47.1M | $63.5M | $63.8M |
| Gross profit | $41.2M | −$66.2M | −$55.7M | −$12.2M | −$21.2M | −$12.1M | $53.5M | $11.8M | $16.4M | $32.2M | $15.3M | −$11.9M |
| Sales, general & admin | $82.0M | $76.2M | $81.6M | $69.8M | $75.9M | $71.4M | $81.1M | $66.9M | $61.2M | $57.7M | $38.8M | $29.1M |
| Total operating expenses | $280.7M | $76.2M | $81.6M | $69.8M | $75.9M | $71.4M | −$134.7M | $133.4M | $133.4M | −$171.7M | −$58.8M | $70.7M |
| Operating income | −$239.4M | −$142.4M | −$137.3M | −$82.0M | −$97.2M | −$83.6M | $188.2M | −$121.5M | −$117.0M | $203.9M | $74.1M | −$82.5M |
| Interest income | $3.6M | $2.3M | $3.3M | $3.9M | $3.3M | $3.4M | $6.0M | $5.2M | $8.2M | $7.8M | $4.9M | $2.3M |
| Interest expense | $2.7M | $2.6M | $7.7M | $8.1M | $6.1M | $2.3M | $2.0M | — | $8.2M | $384,000 | $4.9M | $2.3M |
| Income before taxes | −$237.3M | −$500.2M | −$693.3M | $106.2M | $219.8M | −$295.9M | $137.1M | −$154.3M | −$84.4M | $211.8M | $79.1M | −$80.2M |
| Income taxes | −$105,000 | $291,000 | −$2.6M | $1.7M | $320,000 | $437,000 | $679,000 | $32,000 | $55,000 | −$22,000 | −$79,000 | −$157,000 |
| Net income | −$237.2M | −$500.5M | −$690.7M | $104.5M | $219.5M | −$296.4M | $136.4M | −$154.4M | −$84.4M | $211.8M | $79.2M | −$80.0M |
| EBITDA | −$136.8M | −$44.6M | −$34.5M | $925,000 | −$14.0M | −$5.7M | $418.1M | −$42.7M | −$47.1M | $244.5M | −$18.4M | $8.6M |
| EPS (diluted) | −$0.68 | −$0.35 | −$1.88 | $0.19 | $0.99 | −$0.90 | $0.44 | −$0.20 | −$0.42 | $0.72 | $0.45 | −$0.24 |
| Gross margin | 23.7% | −39.6% | −36.4% | −6.8% | −13.9% | −7.5% | 37.5% | 14.0% | 23.4% | 40.6% | 19.5% | −22.9% |
| Operating margin | −137.4% | −85.1% | −89.8% | −45.5% | −63.5% | −51.8% | 132.0% | −143.3% | −167.2% | 257.2% | 94.0% | −159.1% |
| Net margin | −136.1% | −299.3% | −452.0% | 58.0% | 143.4% | −183.6% | 95.7% | −182.1% | −120.6% | 267.1% | 100.5% | −154.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RIOT's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RIOT financial results
In fiscal year 2025 (ended December 31, 2025), Riot Blockchain reported revenue of $647.4 million, up 71.9% from the year before. It had a net loss of $663.2 million, a net profit margin of −102.4%. Diluted earnings per share came to −$1.60. Over five years revenue grew at an average rate of 121.7% a year.
See the RIOT stock overview for the latest quote and news, or the RIOT chart for price history and technical indicators.
RIOT income statement FAQ
What is Riot Blockchain's annual revenue?
Riot Blockchain reported total revenue of $647.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 71.9% from $376.7 million the previous year.
Is Riot Blockchain profitable?
No. Riot Blockchain reported a net loss of $663.2 million in fiscal 2025, a net profit margin of −102.4%; its operating margin was −61.8%.
What is Riot Blockchain's gross margin?
Riot Blockchain's gross margin was −15.6% in fiscal 2025: for every $100 of revenue, Riot Blockchain kept $-16 after the direct cost of its products and services.
How fast is Riot Blockchain growing?
Revenue grew 121.7% a year on average over the last five fiscal years, from $12.1 million to $647.4 million.
What are Riot Blockchain's earnings per share?
Riot Blockchain earned $-1.60 per diluted share in fiscal 2025, compared with $0.54 a year earlier.
When will Riot Blockchain report its next earnings?
Riot Blockchain is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Riot Blockchain's fiscal year end?
Riot Blockchain's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.