RIOT Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), RIOT reported revenue of $180M, gross profit of $71M (39.3% gross margin), operating income of $80M, and net income of $104M (58.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RIOT was profitable; revenue grew 112.6% year over year, and EPS beat consensus by $0.45.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +112.6% | +167.7% | Not available |
| Quarter over quarter | +17.8% | −52.4% | Not available |
EPS was $0.26 versus $-0.19 expected.
RIOT Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $180M | 100% |
| Cost of Revenue | −$109M | 60.7% |
| Gross Profit | $71M | 39.3% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$70M | 38.7% |
| Other Operating Expenses | $79M | 43.9% |
| Operating Income | $80M | 44.4% |
| Interest Expense | −$8M | 4.5% |
| Other Income, net | $26M | 14.5% |
| Income Tax Expense | −$2M | 0.9% |
| Net Income | $104M | 58.0% |
Source: original SEC filing (filed 2025-10-30). Accession 0001104659-25-104461. Data normalized by EarningsFyi.