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RIOTRiot Platforms, Inc.
$24.93$9.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
RIOT logo

Riot Platforms, Inc.

RIOT
NASDAQ · Capital Markets
$24.93
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$9.43B
P/E-12.8x
52W High$30.32
Volume19.47M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Surge Masks Deepening Digital Asset Impairments

Riot Platforms is experiencing a paradoxical growth phase, with total revenue expanding 71.9% year-over-year to $174.2M in 2026Q2, yet this growth is entirely dependent on non-interest income (97.9% of revenue) and is overshadowed by escalating digital asset i...

GrowthAccelerating
ProfitabilityWeak
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

RIOT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

-128% Peers

P/E is 128% below peer median

03

Market leadership

RS 89 · Leader

High momentum (Outperforming 89% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 10

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
RIOT+76.06%
S&P 500 (^GSPC)+13.20%
1-Year Return
RIOT+42.46%
S&P 500 (^GSPC)+15.98%
3-Year Return
RIOT+169.81%
S&P 500 (^GSPC)+93.77%
5-Year Return
RIOT-13.23%
S&P 500 (^GSPC)+73.96%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-12.8x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-12.8x
30.0x
0th· Low
EV/EBITDA
N/A
11.3x
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$7.42-70.2%
Base (Fair)$15.92-33.0%
Bull$9.68-61.2%
$7.42 Bear$15.92 Base$9.68 Bull
Current Market Price: $24.93
Trades at a 56.6% premium to Base DCF ($15.92)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$623M+66.4% YoY
Net income
-$663M-706.2% YoY
Free cash flow
-$774M+49.1% YoY
Operating margin
-61.8%-102.6 pts YoY
ROIC (TTM)-8%
Avg ROIC 5Y-
ROE (TTM)-22.1%
Piotroski Score2 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (33%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 10, 2026
-$0.68-124.2%
vs -$0.30
$174M+12.9%
vs $154M
Q3 2026
Aug 7, 2026
-$0.33-15.1%
vs -$0.29
$153M-0.7%
vs $154M
Q3 2026
Aug 5, 2026
-$0.33-13.3%
vs -$0.29
$154M-0.5%
vs $154M
Q2 2026
Apr 30, 2026
-$1.44-336.4%
vs -$0.33
$167M+28.1%
vs $131M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·1d ago
Riot Platforms, Inc. (RIOT) Outperforms Broader Market: What You Need to Know

Riot Platforms, Inc. (RIOT) reached $24.18 at the closing of the latest trading day, reflecting a +1.81% change compared to its last close.

Benzinga·2d ago
Top 6 Crypto Stocks Climbing with Bitcoin Right Now

Crypto-linked equities are jumping Monday morning as Bitcoin (CRYPTO:BTC) pushes to fresh multi-month highs, lifting the broader digital-asset market. Here's how the six most-watched crypto stocks are reacting.

FXEmpire·6d ago
Riot Platforms Forecast: Bull Flag Breakout Targets $27.85

RIOT's bull flag breakout strengthens the setup, with a move above $22.87 potentially opening the path toward $27.85.

Schaeffers Research·Sep 16, 2026
17 Stocks Short Sellers Are Loving Right Now

Bond yields, oil prices, and inflation rhetoric have teamed up to make it tough for investors heading into fall.

Filtered for Riot Platforms, Inc.More Headlines
04

Compare before deciding

Benchmark RIOT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Riot Platforms, Inc. (RIOT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
RIOT logoRIOTRiot Platforms, Inc.Current
$24.93$9.43B-12.7866.36%-102.43%-22.1%—
MARA logoMARAMarathon Digital Holdings, Inc.
$13.63$5.2B-3.6933.47%-429.71%-125.83%—
CLSK logoCLSKCleanSpark, Inc.
$15.14$3.89B13.52102.21%-146.9%-75.24%—
CIFR logoCIFRCipher Mining Inc.
$19.09$7.81B-8.8825.29%-3663.46%-151.95%—
IREN logoIRENIREN Limited
$48.55$17.33B124.49161.89%-104.62%-20.13%—
HUT logoHUTHut 8 Corp.
$106.61$12B-49.82-111.31%—-35.34%—

Compare RIOT vs Peers

Riot Platforms, Inc. (RIOT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for RIOT.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare RIOT against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, CLSK, CIFR, IREN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

RIOT SEC Filings & Documents

Riot Platforms, Inc. (RIOT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 14, 2026·SEC

Material company update

Aug 10, 2026·SEC

Material company update

Jun 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 2, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 10, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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RIOT Frequently Asked Questions

Riot Platforms, Inc. (RIOT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Riot Platforms, Inc. growing?

Riot Platforms, Inc. (RIOT) grew revenue by 66.4% over the past year. This is strong growth.

Is RIOT profitable?

Riot Platforms, Inc. (RIOT) reported a net loss of $1.32B for fiscal year 2025.

Dividend & Returns
What is RIOT's return on equity?

Riot Platforms, Inc. (RIOT) has a return on equity (ROE) of -22.1%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is Riot Platforms, Inc.'s net interest margin?

Riot Platforms, Inc. (RIOT) has a net interest margin (NIM) of -0.3%. NIM has been under pressure due to interest rate environment.

What is Riot Platforms, Inc.'s efficiency ratio?

Riot Platforms, Inc. (RIOT) has an efficiency ratio of 46.1%. This is excellent, indicating strong cost control.

What if you invested $1,000 in RIOT back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →