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Specialty Finance

Riot Platforms Executive Compensation (FY25)

RIOT · Castle Rock, CO · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Jason Les
Latest say-on-pay support
=
June 9, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): June 15, 2026
11 filings cited on this page
A report that fails to generate is refunded in full
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225 figures on this page: 218 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jason Les: $83,532,328 → $3,460,222 (95.9% lower)
CEO pay ratio: 1,419:1 → 54:1 (96.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Riot Platforms' chief executive and what were they paid?
Jason Les was paid $3,460,222 in total compensation as Chief Executive Officer for fiscal 2025. Les' total was 95.9% lower than the $83,532,328 reported for fiscal 2024.
What was Riot Platforms' say-on-pay result?
The say-on-pay proposal drew 98.0% of votes cast for or against in favor at the meeting held June 9, 2026 for fiscal 2025.
Which companies are in Riot Platforms' peer group?
The disclosed peer group includes A10 Networks, Inc., AppFolio, Inc., Applied Digital Corporation, Bitfarms Ltd. and BitFuFu Inc., among others. Companies named in the 2025 Peer Group include A10 Networks, Inc, AppFolio, Inc., Applied Digital Corporation, Cipher Mining Inc. and CleanSpark, Inc., among others. The 2025 AIP Peer Group names Bit Digital, Inc., Bitfarms Ltd., DMG Blockchain Solutions, HIVE Digital Technologies Ltd. and IREN Limited. Companies named in the AIP Peer Group 2026 include BitFuFu Inc., Cango Inc. and IREN Limited.
What is Riot Platforms' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 54:1, against median employee compensation of $64,137.87.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jason Les
Chief Executive Officer
◇—◇—◇—◇◇
Benjamin Yi
Executive Chairman
◇—◇—◇—◇— not reconciled
Chad Harris
EVP and Chief Commercial Officer (Former)
◇—◇—◇—◇◇
William Jackman
EVP and General Counsel
◇—◇—◇——◇
Colin Yee
Chief Financial Officer
◇—◇—◇——◇
Jeffrey McGonegal
Chief Financial Officer (Former)
Departed during or after this year
◇—◇—◇——◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Benjamin Yi
Executive Chairman
◇—◇—◇—◇◇
Jason Les
Chief Executive Officer
◇—◇—◇—◇◇
Colin Yee
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jason Les
Chief Executive Officer
◇—◇—◇—◇◇
Benjamin Yi
Executive Chairman
◇—◇—◇—◇◇
William Jackman
EVP, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Jason Chung
EVP, Head of Corporate Development & Strategy
◇—◇—◇—◇◇
Colin Yee
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jonathan Gibbs
Former Chief Data Center Officer
Departed during or after this year
◇—◇◇◇—◇◇
Stephen Howell
Chief Operating Officer
◇—◇—◇—◇◇
Jason Les
Chief Executive Officer
◇———◇—◇◇
Benjamin Yi
Executive Chairman
◇———◇—◇◇
Colin Yee
Chief Financial Officer
◇———◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Jonathan GibbsRSU◇——◇——◇
Jonathan GibbsOPTION◇——◇—◇◇
Stephen HowellRSU◇——◇——◇
Stephen HowellPSU◇—◇—◇—◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Benjamin YiPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jason LesPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Colin YeePSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Stephen HowellPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Jonathan GibbsRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Benjamin Yi
Executive Chairman · Employment agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Excise tax treatment◇
Colin Yee
Chief Financial Officer · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Excise tax treatment◇
Jason Les
Chief Executive Officer · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Excise tax treatment◇
Jonathan Gibbs
Former Chief Data Center Officer · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Excise tax treatment◇
Stephen Howell
Chief Operating Officer · Employment agreement
Severance base◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Turner
◇◇————◇
Jaime Leverton
◇◇————◇
Douglas Mouton
◇◇————◇
Lance D'Ambrosio
Lead independent director
◇◇————◇
Hubert Marleau
◇—————◇
Hannah Cho
◇—————◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • A10 Networks, Inc. ATEN
  • AppFolio, Inc. APPF
  • Applied Digital Corporation APLD
  • Bitfarms Ltd. symbol not shown
  • BitFuFu Inc. FUFU
  • C3.ai, Inc. AI
  • Cango Inc. CANG
  • Cipher Mining Inc. CIFR
  • CleanSpark, Inc. CLSK
  • Core Scientific, Inc. CORZ
  • Couchbase, Inc. BASE
  • DigitalOcean Holdings, Inc. DOCN
  • Fastly, Inc. FSLY
  • Flywire Corporation FLYW
  • HIVE Digital Technologies Ltd. HIVE
  • Hut 8 Corp. HUT
  • IREN Limited IREN
  • Klaviyo, Inc. KVYO
  • MARA Holdings, Inc. MARA
  • Marqeta, Inc. MQ
  • MicroStrategy Incorporated MSTR
  • Rapid7, Inc. RPD
  • Repay Holdings Corporation RPAY
  • TeraWulf Inc. WULF
2025 Peer Group
  • A10 Networks, Inc ATEN
  • AppFolio, Inc. APPF
  • Applied Digital Corporation APLD
  • Cipher Mining Inc. CIFR
  • CleanSpark, Inc. CLSK
  • Core Scientific, Inc. CORZ
  • Couchbase, Inc. BASE
  • DigitalOcean Holdings, Inc. DOCN
  • Fastly, Inc. FSLY
  • Flywire Corporation FLYW
  • Hut 8 Corp. HUT
  • Klaviyo, Inc. KVYO
  • MARA Holdings, Inc. MARA
  • Marqeta, Inc. MQ
  • MicroStrategy Incorporated symbol not shown
  • Rapid7, Inc. RPD
  • Repay Holdings Corporation RPAY
  • TeraWulf Inc. WULF
2025 AIP Peer Group
  • Bit Digital, Inc. BTBT
  • Bitfarms Ltd. symbol not shown
  • DMG Blockchain Solutions symbol not shown
  • HIVE Digital Technologies Ltd. HIVE
  • IREN Limited IREN
AIP Peer Group 2026
  • BitFuFu Inc. FUFU
  • Cango Inc. CANG
  • IREN Limited IREN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 9, 2026=◇◇◇
2024June 10, 2025=◇◇◇
2020October 19, 2021=◇◇◇
2019November 12, 2020=◇◇◇
2018October 23, 2019=◇◇◇
2017June 15, 2018=◇◇◇
2015November 30, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Jason Les (Chief Executive Officer), FY2025 total compensation $3,460,222 (base salary $1,584,337) [exec_comp, SEC accession 0001104659-26-053098, filed 2026-04-30]

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What this page does not include

Everything above is a fact Riot Platforms disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Riot Platforms sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
225 figures on this page: 218 cited to the filing that reported them, 7 calculated from figures it prints.
218 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001104659-26-074070
    Proposal No. 3: Approval, on an Advisory Basis, of the Compensation of the Company’s Named Executive Officers For Against Abstaining Broker Non-Votes
  2. 0001104659-26-053098
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards Table for Fiscal Year 2025 · Outstanding Equity Awards at Fiscal Year End Table · and 1 more section
  3. 0001558370-25-008673
    Proposal No. 3: Advisory Vote on the Company’s Executive Compensation For Against Abstaining Broker Non-Votes
  4. 0001558370-25-004969
    Compensation Discussion and Analysis · Summary Compensation Table
  6. 0001140361-23-022069
    SUMMARY COMPENSATION TABLE
  7. 0001079973-21-001053
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001079973-20-000989
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001079973-19-000542
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001079973-18-000398
  11. 0001079973-16-001330
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Velarion, “Riot Platforms executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RIOT (accessed 2026).
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11 filings cited on this page
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Specialty Finance rankings

Chief executive pay — Specialty FinanceCEO pay ratio — Specialty FinanceSay-on-pay support — Specialty Finance

Peers Riot Platforms discloses

The companies named in RIOT's own disclosed peer group.

A10 Networks, Inc.AppFolio, Inc.Applied Digital CorporationC3.ai, Inc.Cipher Mining Inc.CleanSpark, Inc.Core Scientific, Inc.Couchbase, Inc.DigitalOcean Holdings, Inc.Fastly, Inc.Flywire CorporationHut 8 Corp.IREN LimitedKlaviyo, Inc.MARA Holdings, Inc.Marqeta, Inc.MicroStrategy IncorporatedRapid7, Inc.Repay Holdings CorporationTeraWulf Inc.Bit Digital, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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