RIOT Riot Platforms, Inc.
FY2025 10-K
Riot Platforms, Inc. (RIOT) filed its fiscal year 2025 10-K annual report with the SEC on Mar 2, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
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
Management Discussion & Analysis
- • No revenue or profitability figures disclosed in the MD&A section
- • Data center segment posited as higher-margin, more stable revenue source than Bitcoin Mining; strategy still early and uncertain
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
Financial SummaryXBRL
Revenue
$647M
Net Income
-$663M
Operating Margin
-96.1%
Net Margin
-102.4%
ROE
-23.2%
Total Assets
$3.9B
EPS (Diluted)
$-1.95
Operating Cash Flow
-$573M
Source: XBRL data from Riot Platforms, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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