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RIOTRiot Platforms, Inc.
$16.71$6.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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RIOT logo

Riot Platforms, Inc.

RIOT
NASDAQ · Bitcoin Miners
$16.71
At close - Nov 6, 4:00 PM EST - USD
Market Cap$6.32B
P/E-4.4x
52W High$30.32
Volume44.92M
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 impairments, as evidenced by a $130.3M provision expense and…

GrowthAccelerating
ProfitabilityWeak
ValuationAttractive
TechnicalsWeak
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

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-115% Peers

P/E is 115% below peer median

03

Market leadership

RS 38 · Lag

Laggard (Underperforming 62% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 4

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
RIOT+18.01%
S&P 500 (^GSPC)+7.63%
1-Year Return
RIOT-3.63%
S&P 500 (^GSPC)+9.69%
3-Year Return
RIOT+51.77%
S&P 500 (^GSPC)+89.35%
5-Year Return
RIOT-54.46%
S&P 500 (^GSPC)+72.39%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-4.4x
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
-4.4x
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$7.44-55.5%
Base (Fair)$17.68+5.8%
Bull$9.70-42.0%
$7.44 Bear$17.68 Base$9.70 Bull
Current Market Price: $16.71
Trades at a 5.5% discount to Base DCF ($17.68)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$623M+66.4% YoY
Net income FY25
-$663M-706.2% YoY
Free cash flow FY25
-$774M+49.1% YoY
Operating margin FY25
-64.2%-105.2 pts YoY
ROIC (FY25)-8%
Avg ROIC 5Y-8%
ROE (TTM)-59.5%
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 Rate6/12 (50%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 4, 2026
$0.01+103.0%
vs -$0.34
$181M+12.8%
vs $161M
Q3 2026
Aug 10, 2026
-$0.68-124.2%
vs -$0.30
$174M+12.9%
vs $154M
Q2 2026
Apr 30, 2026
-$1.44-336.4%
vs -$0.33
$167M+28.1%
vs $131M
Q2 2026
Mar 2, 2026
-$2.03-822.7%
vs -$0.22
$153M-4.4%
vs $160M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
24/7 Wall Street·1d ago
Riot Platforms Jumps 12% as AI Data Center Bets Lift Bitcoin Miners Despite Flat Bitcoin; Hut 8 Surges 12%, MARA Climbs 4%

Investors are pricing crypto miners as AI data center developers, and the gap between the miners and the coin they produce is on full display. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is at $16.

Benzinga·2d ago
Riot Platforms' Powered Land Lease Lowers Build Costs, But Texas Election Adds Timing Risk, Analysts Say

Riot Platforms Inc. (NASDAQ:RIOT) shares are trading lower on Thursday, in line with a broader decline across crypto-linked stocks as Bitcoin (CRYPTO: BTC) falls and investors assess the outcome of the midterm elections.

ETF Trends·2d ago
Wall Street Tightened Its Grip on Bitcoin ETFs in Q2

Wall Street firms and other large investors added bitcoin exposure in the second quarter even as bitcoin's 14% price drop sent smaller investors to the exits, according to CoinShares' Bitcoin 13F Q2 2026 report. Key Takeaways: Hedge funds cut bitcoin ETF exposure 22%, leaving them with less than half their 2025 year-end holdings.

Zacks Investment Research·2d ago
RIOT Q3 Earnings Call Highlights $38B in AI Data Center Leases

Riot Platforms' $38B in AI data center leases marks a major shift from Bitcoin mining, with ambitious revenue targets, debt financing and deployment plans in focus.

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
$16.71$6.32B-4.4166.36%-215.82%-59.47%—
MARA logoMARAMarathon Digital Holdings, Inc.
$6.35$2.42B-0.7033.47%-453.74%-108.46%—
CLSK logoCLSKCleanSpark, Inc.
$6.16$1.58B-1.66102.21%-146.9%-75.24%0.55%
CIFR logoCIFRCipher Mining Inc.
$6.55$2.68B-2.6625.29%—-155.51%—
IREN logoIRENIREN Limited
$21.64$7.72B-6.3932.2%-236.17%-37.31%—
HUT logoHUTHut 8 Corp.
$52.65$5.93B-16.3154.64%-427.29%-24.5%—

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 6.7% over the trailing twelve months, compared with the twelve months before.

Is RIOT profitable?

No. Riot Platforms, Inc. (RIOT) reported a net loss of $1.42B over the trailing twelve months.

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

Riot Platforms, Inc. (RIOT) had a return on equity (ROE) of -59.5% over the trailing twelve months. A negative ROE means the company lost money over the period.

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 47.9%. 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 →