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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $174.24M | $167.22M | $152.83M | $180.23M | $152.99M | $161.39M | $142.56M | $84.79M |
| Cost of revenue | $132.99M | $135.68M | $105.78M | $109.47M | $91.04M | $95.59M | $89.08M | $72.94M |
| Gross profit | $41.24M | $31.54M | $47.06M | $70.76M | $61.95M | $65.80M | $53.48M | $11.85M |
| Gross margin | 23.7% | 18.9% | 30.8% | 39.3% | 40.5% | 40.8% | 37.5% | 14.0% |
| Selling, general and administrative | $82.00M | $76.18M | $81.59M | $69.83M | $75.90M | $71.45M | $81.14M | $66.94M |
| Operating expenses | $272.31M | $479.56M | $26.34M | $137.36M | −$197.29M | $341.44M | $155.44M | $117.60M |
| Operating income | −$231.07M | −$448.02M | $20.72M | −$66.60M | $259.24M | −$275.64M | −$101.95M | −$105.75M |
| Operating margin | -132.6% | -267.9% | 13.6% | -37.0% | 169.5% | -170.8% | -71.5% | -124.7% |
| EBITDA | −$105.31M | −$350.28M | $134.40M | $31.19M | $316.43M | −$197.64M | −$22.88M | −$42.70M |
| Interest income | $3.62M | $0 | $13.98M | — | $3.33M | $0 | $27.17M | — |
| Interest expense | −$2.69M | $0 | −$34.79M | $3.92M | −$6.09M | $0 | −$24.17M | $5.53M |
| Income before taxes | −$237.28M | −$500.19M | −$693.34M | $106.17M | $219.77M | −$295.93M | $137.11M | −$154.33M |
| Income taxes | −$105.00K | $291.00K | −$2.59M | $1.69M | $320.00K | $437.00K | $679.00K | $32.00K |
| Net income | −$237.17M | −$500.48M | −$690.75M | $104.48M | $219.45M | −$296.37M | $136.44M | −$154.36M |
| Net margin | -136.1% | -299.3% | -452.0% | 58.0% | 143.4% | -183.6% | 95.7% | -182.1% |
| EPS, basic | −$0.68 | −$1.44 | −$1.97 | $0.30 | $0.65 | −$0.90 | $0.46 | −$0.54 |
| EPS, diluted | −$0.68 | −$1.44 | −$2.79 | $0.26 | $0.58 | −$0.90 | $0.30 | −$0.54 |
| Diluted shares | 347.70M | 347.62M | 247.51M | 403.18M | 382.68M | 329.51M | 462.48M | 286.24M |
Figures describe Riot Platforms shares, not any token. As of Aug 10, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.