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

Compare with peers → Embed

Dilution: new shares, stock pay and buybacks

prospectuses (S-3, 424B) of the last three years and the 10-K cash flow From EDGAR

Shares offered

Since Nov 11, 2023: 2 at-the-market programs, 1 shelf registration; also 2 resales by holders.

Dec 31, 2025 At-the-market program: up to $500M of common stock 424B5
Aug 9, 2024 Shelf registration: shares and other securities, amount not fixed S-3ASR
Feb 26, 2024 At-the-market program: up to $750M of common stock 424B5

“(each, a “Sales Agent,” and, collectively, the “Sales Agents”), under which we may offer and sell from time to time shares of our common stock, no par value per share.”
424B5, Dec 31, 2025 ↗

Every offering filing →

Paid in stock

$125.7M

stock-based pay, year to Dec 31, 2025; shares sold for $212.7M in cash

Bought back

$4.3M

cash paid for its own shares, year to Dec 31, 2025: 0.0× the stock pay

Diluted shares: 340.72M in the year to Dec 31, 2025 2025 +6.8%2024 +82.2%2023 +25.5%2022 -0.5%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How

No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.

Buybacks, year to Dec 31, 2025

$4.3M

cash paid for its own shares

Paid in stock to employees

$125.7M

buybacks were 0.0× this

Share count, 1 year

+6.8%

more shares: owners are diluted

Share count, 3 years

+144.4%

diluted average shares

Fiscal year to	Buybacks	Dividends	Stock pay	Shares issued for cash	Diluted shares
2025-12-31	$4.3M	-	$125.7M	$212.7M	340.72M
2024-12-31	$11.6M	-	$125.2M	$977.0M	318.93M
2023-12-31	$14.0M	-	$32.2M	$778.4M	175.03M
2022-12-31	$10.1M	-	$24.6M	$304.8M	139.43M
2021-12-31	$5.1M	-	$68.5M	$684.8M	93.45M

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Work on RIOT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/RIOT/export.csv") into a cell.