RIOT Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), RIOT reported revenue of $153M, gross profit of $47M (30.8% gross margin), operating income of −$127M, and net income of −$691M (-452.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RIOT reported a net loss; revenue grew 7.2% year over year, and EPS missed consensus by $1.81.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +7.2% | −606.3% | Not available |
| Quarter over quarter | −15.2% | −761.1% | −509.9 pp |
EPS was $-2.03 versus $-0.22 expected.
RIOT Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $153M | 100% |
| Cost of Revenue | −$106M | 69.2% |
| Gross Profit | $47M | 30.8% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$82M | 53.4% |
| Other Operating Expenses | −$93M | 60.7% |
| Operating Income | −$127M | -83.3% |
| Interest Expense | −$8M | 5.0% |
| Other Income, net | −$566M | 370.4% |
| Income Tax Expense | $3M | 1.7% |
| Net Income | −$691M | -452.0% |
Source: original SEC filing (filed 2026-03-02). Accession 0001104659-26-022288. Data normalized by EarningsFyi.