RIOTRiot Platforms

Crypto · Financial Services · Nasdaq

We are a vertically integrated digital infrastructure company principally engaged in developing and optimizing our large-scale power assets. 10-K, Item 1

Headquarters: Castle Rock, CO
CEO: Jason Les
Next results: around Mar 1, 2027

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RevenueFY2017–25 $647.4M+71.9% Highest in 9 years 10-K FY2025 · XBRL Net incomeFY2017–25 −$663.2M FY2024: $109.4M 10-K FY2025 · XBRL Free cash flowFY2017–25 −$774.3M FY2024: −$495.4M 10-K FY2025 · XBRL Operating marginFY2017–25 -96.1%−136.9 pts -4878.2% in FY2017 10-K FY2025 · XBRL

What changed

10-K filed Mar 2, 2026 against Feb 28, 2025

Area	What changed	Source
Risk factors	63 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Going concern language	“Any sustained decline in the value of bitcoin, or any inability to repurpose or redeploy our miners, could materially and adversely affect our business, financial condition, and results of operations, and could raise substantial doubt about our ability to continue as a going concern.”	10-K · XBRL
Accounting checks	8 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Mar 2, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-28. Quoted as filed.

Below is a summary of the principal factors that make an investment in our securities speculative or risky. Our industry is evolving and our business model is shifting toward data center development alongside bitcoin mining. We may be unable to compete effectively and our business and results of operations may be adversely affected.
10-K, Item 1A

All 63 new paragraphs →

Accounting checks

latest 10-K

8 of 9 clear 1 worth a look. Checks, not verdicts.

!
Going concern language“Any sustained decline in the value of bitcoin, or any inability to repurpose or redeploy our miners, could materially and adversely affect our business, financial condition, and results of operations, and could raise substantial doubt about our ability to continue as a going concern.”
✓
Receivables +9.8% vs revenue +71.9% (-62.1 pts)
✓
Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Mining Revenue; F-1
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 4, 20268-K Material agreement ended, Quarterly results 8-K items 1.02, 2.02
Nov 4, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 14, 20268-K Material agreement signed 8-K item 1.01

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