RIOT at a glance
Riot Platforms, Inc. (RIOT, SEC CIK 1167419) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 25, 2026 and Form 4 insider filings as recently as August 14, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Riot Platforms, Inc. (RIOT) reported revenue of $647.4 million (up 71.9% from FY2024) and a net loss of $663.2 million. Diluted EPS was -$1.95.
- As of June 30, 2026, 37 institutional investment managers tracked by SignalX reported holding Riot Platforms, Inc. (RIOT) shares worth $4.4 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Werner Ryan D. on August 5, 2026 of 35,430 shares at $21.98 per share.
- In the last 90 days, RIOT insiders reported 0 open-market purchases ($0) and 3 open-market sales ($1.1M) on Form 4, a net sale of $1.1M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $647.4M
- +71.9% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$1.1M
- 13F holders
- 37 funds
- $4.4B · +2 vs prior quarter
- Latest 8-K
- Sep 25, 2026
- Item 1.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Bitcoin mining via proprietary deployment of SHA-256 ASIC miners and participation in third-party mining pools
- Emphasis on immersion-cooling technology at Rockdale and Corsicana Facilities, an emerging method with uncertain long-term performance
- Strategic focus on growing hash rate to keep pace with global network hash rate amid rising network difficulty and miner scarcity
- Mining pool revenue increased to 89.0% of total revenue in 2025 vs 85.2% in 2024, showing growing reliance on pooled mining
- Patent infringement claim by Green Revolution Cooling on immersion cooling systems highlights new IP legal risk this year
Risk Factors
- Legal risk from ongoing litigation with $17.3M increase in related fees for 2025, plus $20M loss on legal settlement with legacy customer in Feb 2026
- Macroeconomic exposure to bitcoin price volatility, requiring sale of more bitcoin to fund operations after 2025 price decline
- Supply chain vulnerability from global disruptions causing delays in miner delivery and infrastructure, with $29.4M committed to MicroBT miners through Q2 2026
- Competitive risk from increased global network hash rate and April 2024 bitcoin halving impacting mining revenue growth
- Financial risk from $853.7M total debt outstanding including $594.4M 2030 Notes and $200M bitcoin-backed credit facility, increasing interest expense to $24.1M in 2025
Management Discussion & Analysis
- Data center segment posited as higher-margin, more stable revenue source than Bitcoin Mining; strategy still early and uncertain
- Bitcoin Mining faces risks from declining block rewards, increasing network difficulty, and intense competition for hash rate growth
- Capital needs substantial for expansion; risks in accessing sufficient capital, possible dilution, and debt with restrictive covenants
- Key risks: regulatory changes, operational complexity from dual data center and mining businesses, and global macroeconomic/geopolitical impacts
AI summary of the RIOT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $174.2M, including Bitcoin Mining $113.7M, Data Center $23.2M, Engineering $37.3M
- Bitcoin Mining cost ratio 69.6% vs 49.6% YoY excluding depreciation
- Best segment Data Center revenue $23.2M, supported by AMD Lease activity
- Bitcoin holdings 11,380 valued at $666.0M vs 19,273 valued at $2.066B YoY
- Headwinds bitcoin prices falling to 2024 levels, rising network hash rate, intensified competition, and higher mining difficulty
Risk Factors
- New Texas interconnection audit risk triggered by Governor Abbott’s August 3, 2026 directive, potentially delaying or denying projects
- SB 6 implementation may impose $50,000 per MW security payments and full transmission-upgrade contributions
- New ride-through standards effective August 1, 2026 may require facility equipment upgrades and compliance demonstrations
- ERCOT reliability orders could immediately curtail Rockdale and Corsicana power use
- Transmission-cost methodology changes could increase charges and undermine 4CP demand-response strategies
AI summary of the RIOT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.02: Termination of a Material Definitive Agreement
- Riot fully prepaid Coinbase’s secured loan on September 21, 2026, ending the credit agreement
- Facility supported up to $200 million, secured by bitcoin, USDC, cash, and other financial assets
Item 1.01: Entry into a Material Definitive Agreement
- No substantive material-agreement terms provided in the submitted excerpt
- Filing signed by CFO Jason Chung on August 14, 2026
Item 2.02: Results of Operations and Financial Condition
- Item 2.02 text contains only incorporation-by-reference disclaimer language
- No earnings figures, reporting period, or operating metrics available in the provided excerpt
Item 8.01: Other Events
- 191 IT MW data-center lease with a leading frontier AI lab at Rockdale
- Material infrastructure deployment signal for Riot’s data-center strategy
Item EX-99.1: Item EX-99.1
- 20-year, 191 MW Rockdale lease with frontier AI lab, generating $9.1B initial revenue and potential $16.1B with extensions
- Estimated base-term NOI of $7.3B-$8.2B, averaging $365M-$411M annually, materially accelerating Riot’s data-center transition
AI summaries of RIOT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for RIOT
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- Fund moves. Which tracked funds opened, added or cut RIOT, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Howell Stephen Mitchell Jr. | G | Aug 12, 2026 | 21,198 | - |
| Werner Ryan D. | Sell | Aug 5, 2026 | 35,430 | $21.98 |
| Werner Ryan D. | Sell | Aug 5, 2026 | 9,802 | $22.82 |
| Werner Ryan D. | Sell | Aug 5, 2026 | 2,501 | $23.53 |
| Howell Stephen Mitchell Jr. | F | Jul 31, 2026 | 153,162 | $20.17 |
| Werner Ryan D. | F | Jul 31, 2026 | 148,500 | $20.17 |
| Les Jason | F | Jul 31, 2026 | 2,896,921 | $20.17 |
| Werner Ryan D. | Sell | Jul 7, 2026 | 10,232 | $21.22 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $280.7M | $376.7M | $647.4M |
| Operating Income | - | $153.6M | -$622.2M |
| Net Income | - | $109.4M | -$663.2M |
| Op. Margin | - | 40.8% | -96.1% |
| Net Margin | - | 29.0% | -102.4% |
| Balance Sheet | |||
| Total Assets | $2.1B | $3.9B | $3.9B |
| Equity | - | $3.1B | $2.9B |
| ROE | - | 3.5% | -23.2% |
| Per Share | |||
| EPS | $-0.28 | $0.34 | $-1.95 |
| Cash Flow | |||
| Operating CF | - | -$255.1M | -$572.9M |
| CapEx | $193.7M | $240.3M | $201.4M |
Source: XBRL data in Riot Platforms, Inc. (RIOT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate RIOT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 37 | $4.44B |
| Q1 2026 | 35 | $1.86B |
| Q4 2025 | 35 | $2.15B |
| Q3 2025 | 33 | $3.17B |
| Q2 2025 | 32 | $1.52B |
| Q1 2025 | 28 | $817.1M |
| Q4 2024 | 22 | $887.6M |
| Q3 2024 | 18 | $196.1M |
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- Truist Financial+7.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 240 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
RIOT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 25, 2026 | - | Analysis | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 4 | Aug 14, 2026 | - | - | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 4 | Aug 7, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| 4 | Jul 9, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 4 | May 29, 2026 | - | - | |
| SC 13G | May 11, 2026 | - | - | |
| SC 13G | May 6, 2026 | - | - | |
| 10-Q | Apr 30, 2026 | Mar 31, 2026 | Analysis |
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RIOT SEC filings: frequently asked questions
Are RIOT insiders buying or selling?
In the last 90 days, Riot Platforms, Inc. (RIOT) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $1.1 million by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold RIOT stock?
As of June 30, 2026, the largest Riot Platforms, Inc. (RIOT) holders among the 13F filers tracked by SignalX were BlackRock ($875.7 million), Vanguard Portfolio Management LLC ($594.8 million), FMR LLC (Fidelity) ($537.9 million), Vanguard Capital Management LLC ($414.7 million), Starboard Value LP ($276.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was RIOT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Riot Platforms, Inc. (RIOT) reported revenue of $647.4 million (up 71.9% from FY2024) and a net loss of $663.2 million. Diluted EPS was -$1.95. The figures come from the XBRL data in the 10-K.
What are the main risks in RIOT's latest 10-K?
In the 10-K filed March 2, 2026, Riot Platforms, Inc. (RIOT) flagged: Legal risk from ongoing litigation with $17.3M increase in related fees for 2025, plus $20M loss on legal settlement with legacy customer in Feb 2026. Macroeconomic exposure to bitcoin price volatility, requiring sale of more bitcoin to fund operations after 2025 price decline. (AI summary of the Risk Factors section.)
What did RIOT report in its latest 8-K?
Riot Platforms, Inc. (RIOT) filed an 8-K on September 25, 2026 reporting Item 1.02 (Termination of a Material Definitive Agreement). Riot fully prepaid Coinbase’s secured loan on September 21, 2026, ending the credit agreement.
What are the latest RIOT SEC filings?
Riot Platforms, Inc. (RIOT) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 25, 2026 and a Form 4 insider filing on August 14, 2026.
What is RIOT's SEC CIK number?
Riot Platforms, Inc. (RIOT)'s SEC Central Index Key (CIK) is 1167419. EDGAR lists every RIOT filing under that number.
Ask anything about RIOT
The research agent reads RIOT's filings, financials, insider trades and 13F holders, then answers with sources.