The Tip Desk

Riot Platforms, Inc.

Company Stats

Market Cap
$7.6B
as of Sep 30, 2026
Enterprise Value
$8.2B
Shares Outstanding
375.3M
Free Float
91.3%

Income Statement

Revenue
$647.4M
Operating Income
-$622.2M
Net Income
-$663.2M
EBITDA
-$279.4M
Non-cash Impairment
$29.7M
Revenue Growth, 3Y
35.7%
FCF Margin, 3Y Avg
-102.8%
FCF Margin, Worst Year
-131.5%

Cash Flow

Free Cash Flow
-$774.3M
FCF Yield
-10.2%
Owner FCF Yield
-11.9%

Balance Sheet

Cash & Equivalents
$233.5M
Total Debt
$853.7M
Net Debt
$620.1M

Returns & Capital

Share Repurchases
$4.3M
Buyback Yield, 3Y Avg
0.1%
SBC, 3Y Avg
$94.4M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$647.4M-$774.3M-119.6%
FY2024$376.7M-$495.4M-131.5%
FY2023$280.7M-$160.6M-57.2%
FY2022$259.2M-$147.9M-57.1%

Annual filing data through FY ended December 31, 2025; shares and float as of October 10, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage