Riot Platforms posts Q4 $2.03 loss, revenue misses by 2.9%
Riot Platforms reported a fourth-quarter loss of $2.03 per share on $152.8 million in revenue, missing estimates by 2.9% and reversing from $0.44 earnings a year earlier. Full-year revenue rose to $647.4 million from $376.7 million as Bitcoin mining revenue jumped 79% to $576.3 million.
1. Fourth-Quarter Performance
Riot Platforms reported a fourth-quarter net loss of $2.03 per share on revenue of $152.8 million, falling 2.9% short of consensus estimates. This marks a sharp reversal from the $0.44 per share profit recorded in Q4 2024 and represents an 812% negative earnings surprise.
2. Full-Year Mining and Revenue Growth
Total revenue for 2025 increased to $647.4 million from $376.7 million in 2024, driven by a 79% rise in Bitcoin mining revenue to $576.3 million. The company produced 5,686 Bitcoin during the year, up from 4,828, while average mining cost excluding depreciation rose to $49,645 per coin.
3. Market Reaction and Outlook
Shares have climbed 28.6% year-to-date but dipped 1.3% in extended trading to $16.22. Analysts forecast a $0.20 per share loss on $159.1 million revenue next quarter and a $0.73 loss on $688.4 million for the full fiscal year.