Riot Platforms, Inc. (RIOT) FY2025 10-K Annual Report
Riot Platforms, Inc. (RIOT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 2, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Riot Platforms, Inc. FY2025 10-K Analysis
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
Riot Platforms, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$647M
▲ +71.9% YoY
Net Income
-$663M
▼ -706.2% YoY
Operating Margin
-96.1%
▼ -13687bp YoY
Net Margin
-102.4%
▼ -13148bp YoY
ROE
-23.2%
▼ -2668bp YoY
Total Assets
$3.9B
▲ +0.0% YoY
EPS (Diluted)
$-1.95
▼ -673.5% YoY
Operating Cash Flow
-$573M
▼ -124.6% YoY
Source: XBRL data from Riot Platforms, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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