Riot Platforms, Inc. (RIOT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -182.65M | -105.53M | -114.02M | -231.32M | -122.06M | -98.36M | -56.33M | -42.51M | -57.85M | 45.03M | -6.17M | -38.15M | 32.36M | 1.27M | 13.65M | 30.93M | -45.32M | -25.39M | -33.79M | -21.17M |
| Operating CF Margin % | -109.23% | -69.05% | -63.26% | -151.2% | -75.63% | -68.99% | -66.44% | -60.72% | -72.96% | 57.14% | -11.88% | -49.71% | 44.19% | 2.11% | 29.49% | 42.39% | -56.8% | -27.93% | -52.14% | -61.64% |
| Operating CF Growth % | -49.64% | -7.29% | -102.4% | -444.14% | -110.98% | -318.4% | -813.57% | -11.44% | -278.76% | 3446.06% | -145.16% | -223.35% | 171.41% | 105% | 140.4% | 246.07% | -656.69% | -992.04% | -855.71% | -705.9% |
| Net Income | -500.48M | -690.75M | 104.48M | 219.45M | -296.37M | 136.44M | -154.36M | -84.45M | 211.78M | 79.23M | -80.04M | -27.39M | 18.51M | -155.78M | -23.07M | -366.33M | 36.58M | -19.45M | -15.34M | 19.34M |
| Depreciation & Amortization | 97.73M | 102.76M | 82.93M | 83.2M | 77.93M | 82.38M | 60M | 37.33M | 32.34M | 62.28M | 64.57M | 66.16M | 59.34M | 55.87M | 28.64M | 21.01M | 14.6M | 5.83M | 12.13M | 5.79M |
| Stock-Based Compensation | 39.17M | 33.16M | 32.86M | 30.12M | 29.58M | 30.5M | 30.57M | 32.13M | 32M | 17.52M | 13.52M | 3.43M | -2.3M | 17.25M | 3.56M | 701K | 3.04M | 30.56M | 36.02M | 969K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -147.23M | 0 | 0 | -5.04M | -2.91M | -2.95M | -6.2M | 0 | -3.48M | 4.83M | 3.73M |
| Other Non-Cash Items | 180.93M | 462.89M | -318.45M | -572.11M | 80.39M | -364.99M | -12.64M | -30.39M | -315.41M | -2M | 11.28M | -17.57M | -79.22M | 7.14M | -2.16M | 292.44M | -83.66M | 33.84M | 419K | -79.64M |
| Working Capital Changes | 0 | -13.59M | -15.83M | 8.02M | -13.59M | 17.31M | 20.1M | 2.87M | -18.57M | 35.24M | -15.5M | -62.78M | 41.08M | 79.69M | 9.63M | 89.31M | -15.88M | -72.7M | -71.85M | 28.64M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.55M | -1.29M | -72K | -1.82M | -1.89M | -3.6M | 1.04M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -66.21M | -57.03M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.78M | -6.1M | 7.49M | -8.77M | -3.85M | -13.96M | 12.85M |
| Cash from Investing | 157.79M | -2.51M | 118.65M | 19.21M | -59.23M | -782.62M | -205.5M | -326.2M | -194.49M | -182.38M | -124.93M | -33.47M | -73.99M | -25.47M | -59.48M | -129.66M | -140.27M | -269.33M | -89.82M | -72.55M |
| Capital Expenditures | -115.47M | -82.46M | -131.81M | -60.38M | -32.86M | -169.5M | -123.47M | -193.2M | -196.64M | -185.38M | -131.3M | -56.47M | -50.95M | -28.24M | -54.71M | -129.65M | -140.24M | -239.95M | -89.9M | -33.49M |
| CapEx % of Revenue | 69.05% | 53.95% | 73.13% | 39.47% | 20.36% | 118.9% | 145.63% | 275.92% | 247.98% | 235.22% | 253.02% | 73.59% | 69.58% | 46.95% | 118.18% | 177.73% | 175.77% | 264% | 138.72% | 97.5% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 0 | 1.82B | 2.24B | 1.66B | 1.79B | 941.11M | 848.19M | 694.44M | 311.18M | 260.6M | 245.76M | 121.85M | 206.92M | 127.32M | 128.6M | 198.83M | 161.71M | 116.27M | 73.36M |
| Other Investing | 273.26M | 79.95M | -99K | 64.92M | -26.37M | -576.57M | -74.82M | 161K | 2.15M | 9.37M | 6.37M | 23M | -23.03M | 966K | 28.35M | 1.62M | -26K | -238.8M | 0 | -39.06M |
| Cash from Financing | -2.39M | 11.47M | 71.47M | 304.49M | 67.86M | 803.89M | 209.04M | 161.38M | 343.67M | 444.41M | 132.03M | 173.02M | -933K | -450K | 30.31M | 255.63M | -13.15M | 549.16M | 34.31M | -112K |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 11.47M | 73.09M | 52.55M | 67.92M | 230.52M | 218.71M | 165.01M | 351.23M | 453.72M | 135.2M | 176.79M | -1.31M | -265K | 31.05M | 272.23M | -8.31M | 561.01M | 35.22M | -112K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.02M | -1.05M | -2.65M | -103K | -484K | -84K | -709K | -8.77M | -2M | -110K | -974K | -11.64M | -1.31M | -265K | -1.06M | -508K | -8.31M | -3.29M | -476K | -112K |
| Other Financing | -2.39M | 2.4M | -1.62M | -2.33M | -64K | -20M | -4.6M | -3.56M | -7.48M | -9.28M | -3.68M | -3.77M | 0 | -185K | -740K | -16.6M | -4.84M | -11.86M | -908K | 0 |
| Net Change in Cash | -27.25M | -96.57M | 76.11M | 92.38M | -113.43M | -77.08M | -52.79M | -207.33M | 91.33M | 307.06M | 931K | 101.41M | -42.56M | -24.65M | -15.51M | 156.9M | -198.73M | 254.44M | -89.3M | -93.83M |
| Free Cash Flow | -298.12M | -187.99M | -245.82M | -291.7M | -154.92M | -852.56M | -179.81M | -235.71M | -254.49M | -140.34M | -137.46M | -94.62M | -18.63M | -26.97M | -41.05M | -98.72M | -185.58M | -265.34M | -123.7M | -54.64M |
| FCF Margin % | -178.28% | -123% | -136.4% | -190.67% | -95.99% | -598.05% | -212.07% | -336.64% | -320.94% | -178.08% | -264.91% | -123.3% | -25.43% | -44.84% | -88.69% | -135.34% | -232.6% | -291.93% | -190.87% | -159.07% |
| FCF Growth % | -92.43% | 77.95% | -36.72% | -23.76% | 39.13% | -507.48% | -30.8% | -149.12% | -1266.39% | -420.37% | -234.84% | 4.16% | 89.96% | 89.84% | 66.81% | -80.69% | -187.06% | -922.45% | -771.79% | -469.32% |
| FCF per Share | -0.86 | -0.51 | -0.61 | -0.76 | -0.47 | -2.67 | -0.63 | -0.89 | -0.97 | -0.61 | -0.76 | -0.57 | -0.11 | -0.17 | -0.27 | -0.76 | -1.59 | -2.51 | -1.29 | -0.61 |
| FCF Conversion (FCF/Net Income) | 0.36x | 0.15x | -1.09x | -1.05x | 0.41x | -0.72x | 0.36x | 0.50x | -0.27x | 0.57x | 0.08x | 1.39x | 1.75x | -0.01x | -0.42x | -0.09x | -1.27x | 1.31x | 2.20x | -1.09x |
| Interest Paid | 0 | 0 | 7.97M | 1.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 152K | 840K | 31K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |