Inferra AI / Company / RIOT
Riot Platforms, Inc.
RIOT · Financials
Last earnings Aug 10, 2026
Key results
Net incomequarter
$219.5 million
htm EX-99.1 Exhibit 99.1 Riot Platforms Reports Second Quarter 2025 Financial Results, Current Operational and Financial Highlights Riot Reports $219.5 million in Net Income and $495.3 million in Adjusted EBITDA CASTLE ROCK, Colo.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Strong tailwinds in the price of bitcoin contributed to Riot achieving a record $219.5 million in net income and $495.3 million in adjusted EBITDA, representing exceptionally strong results for the quarter.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Total revenuequarter
$153.0 million
Second Quarter 2025 Financial and Operational Highlights Key financial and operational highlights for the second quarter include: Total revenue of $153.0 million, as compared to $70.0 million for the same three-month period in 2024.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Bitcoin Mining revenuequarter
$85.1 million
The increase was primarily driven by a $85.1 million increase in Bitcoin Mining revenue.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Bitcoin Mining revenue of $140.9 million for the quarter, as compared to $55.8 million for the same three-month period in 2024, primarily driven by higher average bitcoin prices and an increase in operational hash rate
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Engineering revenuequarter
$10.6 million
Engineering revenue of $10.6 million for the quarter, as compared to $9.6 million for the same three-month period in 2024.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Bitcoin Mining net incomequarter
$140.9MM
Q1 2024; $140.9MM from Bitcoin Mining Net income (loss) / Net income (loss) per share3 $219.5 million / $0.65 ▪ Includes $470.8MM unrealized gain on bitcoin held, $83.2MM in D&A, $30.1MM in SBC, $158.1MM loss on contract settlement, and $42.7MM loss on derivative asset Net cost of power 4 3.5 c/kWh ▪ Realized all-in power price continues to be one of the lowest in the industry Power curtailment credits $8.3 million ▪ Riot's power strategy continues to yield strong results while also supporting power grid Adj.
SEC original ↗Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 31, 2025
Gross marginquarter
50%
Gross Margin of 50%, slightly higher than Q1 2025 at 48% ▪
SEC original ↗Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 31, 2025
AI analysis
Q2 2025 · reported Jul 31, 2025
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
The quarter in charts
Segment mix
Business-unit revenue, as stated
Segment revenue figures as stated in the event record.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $219.5 million | — | — |
| Total revenue | $153.0 million | — | $70.0 million |
| Bitcoin Mining revenue | $85.1 million | — | — |
| Engineering revenue | $10.6 million | — | $9.6 million |
| Bitcoin Mining net income | $140.9MM | — | — |
| Gross margin | 50% | — | — |
Guidance · company-stated
No guidance located in the held release
Margin
Capital allocation
Riot has benefited from $18.5 million in capex savings alone since the acquisition of ESS Metron in December 2021, representing a key advantage of the Company s vertical integration strategy.
Event summary
Riot Platforms Reports Second Quarter 2025 Financial Results, Current Operational and Financial Highlights Riot Reports $219.5 million in Net Income and $495.3 million in Adjusted EBITDA CASTLE
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Riot has benefited from $18.5 million in capex savings alone since the acquisition of ESS Metron in December 2021, representing a key advantage of the Company s vertical integration strategy.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Capital Expenditures Update II.
SEC original ↗Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 31, 2025
Any amounts that were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense.
SEC original ↗Riot Platforms, Inc. — 10-Q Quarterly report10-QAug 10, 2026
In August 2026, Riot DC Logistics LLC, a wholly owned subsidiary of the Company (the Borrower ), entered into a $ 573.0 million interim credit facility (the $573 Million Credit Facility ) with the lenders party thereto and Morgan Stanley Senior Funding, Inc.
SEC original ↗Riot Platforms, Inc. — 10-Q Quarterly report10-QAug 10, 2026
The facility matures on October 15, 2026, subject to extension in certain circumstances in connection with the Company's re-financing of the $573 Million Credit Facility, and bears interest at a variable rate of the Secured Overnight Financing Rate ( SOFR ) plus 2.75 %, and is secured by substantially all assets of the Borrower related to the project.
SEC original ↗Riot Platforms, Inc. — 10-Q Quarterly report10-QAug 10, 2026
The $573 Million Credit Facility is non-recourse to Riot Platforms, Inc.
SEC original ↗Riot Platforms, Inc. — 10-Q Quarterly report10-QAug 10, 2026
Strategy & priorities
Our strategy centers on optimizing our ready-for-service power portfolio anchored by flagship sites in Rockdale and Corsicana while progressively shifting capacity toward high-value data centers, bolstered by our addition of hyperscale expertise through recent hires, in particular Jonathan Gibbs as Chief Data Center Officer.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Riot has benefited from $18.5 million in capex savings alone since the acquisition of ESS Metron in December 2021, representing a key advantage of the Company s vertical integration strategy.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
These forward-looking statements may include, but are not limited to, statements relating to the Company s development of its facilities and the Company s plans, projections, objectives, expectations, and intentions about future events and trends that it believes may affect the Company s financial condition, results of operations, business strategy, short-term and long- term business operations and objectives and financial needs.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Adjusted EBITDA is a performance measure defined as EBITDA, adjusted to eliminate the effects of certain non-cash and/or non-recurring items that do not reflect our ongoing strategic business operations, which management believes results in a performance measurement that represents a key indicator of the Company s core business operations of Bitcoin mining.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Risks & headwinds
Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Securities and Exchange Commission (the SEC ), including the risks, uncertainties and other factors discussed under the sections entitled Risk Factors and Cautionary Note Regarding Forward-Looking Statements of the Company s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC s website, www.
SEC original ↗Riot Platforms, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Because such forward-looking statements reflect management’s current expectations, assumptions and estimates of future performance and economic conditions, they are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements.
SEC original ↗Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 31, 2025
Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.
SEC original ↗Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 31, 2025
In addition to these risks and those identified by the Company’s management and disclosed in the Company’s filings with the SEC, other risks, factors and uncertainties not identified by management, or which management does not presently believe to be material to the Company, its business or prospects, may also materially affect the Company’s actual future results, including in ways adverse to the Company’s business.
SEC original ↗Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit)EX-99Jul 31, 2025
Legal Proceedings 54 Item 1A.
SEC original ↗Riot Platforms, Inc. — 10-Q Quarterly report10-QAug 10, 2026
Earnings deck slides
0 decks with slide viewRiot Platforms, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Riot Platforms, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q3 2026
- 8-KRIOT
Oct 14, 2026
- 8-KRIOT
Oct 7, 2026
- Q2 2026
- 8-KRIOT
Sep 25, 2026
- 8-KRIOT
Aug 14, 2026
- 8-KRIOT
Aug 10, 2026
- 10-QRIOT
Aug 10, 2026
- Q1 2026
- 8-KRIOT
Jun 15, 2026
- 8-KRIOT
Apr 30, 2026
- 10-QRIOT
Apr 30, 2026
- 8-KRIOT
Apr 27, 2026
- 8-KRIOT
Apr 1, 2026
- Q4 2025
- 8-KRIOT
Mar 2, 2026
- 10-KRIOT
Mar 2, 2026
- 8-KRIOT
Jan 16, 2026
- 8-K/ARIOT
Jan 5, 2026
- 8-KRIOT
Jan 2, 2026
- Q3 2025
- 8-KRIOT
Dec 31, 2025
- 8-KRIOT
Oct 30, 2025
- 10-QRIOT
Oct 30, 2025
- Q2 2025
- 8-KRIOT
Jul 31, 2025
- 10-QRIOT
Jul 31, 2025
- Q1 2025
- 8-KRIOT
Jun 17, 2025
- 8-KRIOT
May 23, 2025
- 8-KRIOT
May 1, 2025
- 10-QRIOT
May 1, 2025
- 8-KRIOT
Apr 25, 2025
- 8-KRIOT
Apr 24, 2025
- 8-KRIOT
Apr 17, 2025
- Q4 2024
- 8-KRIOT
Mar 24, 2025
- 10-KRIOT
Feb 28, 2025
Earnings releases
7 documentsPresentations
5 documents
Transcripts
0 documentsNo transcripts for Riot Platforms, Inc. are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.