Riot Platforms, Inc. (RIOT) Financial Ratios
25 years of historical data (2001–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
↓
N/A
—
5yr avg: 10.54
30Y Low9.8·High11.3
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
3.35
↑+182% vs avg
5yr avg: 1.19
30Y Low0.4·High4.5
ROE
↓
-22.1%
↑-74% vs avg
5yr avg: -12.7%
30Y Low-214%·High8%
Debt/EBITDA
↑
N/A
—
5yr avg: 0.89
30Y Low0.1·High2.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RIOT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Riot Platforms, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.7B | $4.3B | $3.3B | $2.7B | $473M | $2.1B | $713M | $22M | $20M | $171M | $16M |
| Enterprise Value | $10.7B | $4.4B | $3.6B | $2.1B | $265M | $1.8B | $490M | $15M | $22M | $129M | $10M |
| P/E Ratio → | -14.41 | — | 30.03 | — | — | — | — | — | — | — | — |
| P/S Ratio | 16.45 | 6.67 | 8.65 | 9.65 | 1.82 | 9.79 | 59.03 | 3.21 | 2.58 | 634.00 | 147.12 |
| P/B Ratio | 3.35 | 1.51 | 1.04 | 1.43 | 0.41 | 1.55 | 2.57 | 0.84 | 4.51 | 3.44 | 1.05 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | 81.84 | 891.85 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
RIOT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.74 | 9.54 | 7.60 | 1.02 | 8.38 | 40.54 | 2.18 | 2.77 | 480.04 | 96.32 |
| EV / EBITDA | — | — | 9.82 | 11.26 | — | — | — | — | — | — | — |
| EV / EBIT | — | — | 32.03 | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
RIOT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Riot Platforms, Inc. earns an operating margin of -61.8%, below the Financial Services sector average of 20.3%. Operating margins have compressed from -22.5% to -61.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -22.1% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -15.6% | -15.6% | 30.2% | 9.4% | 25.3% | 61.5% | 48.3% | 10.8% | 25.8% | 90.7% | 97.1% |
| Operating Margin | -61.8% | -61.8% | 40.8% | -22.5% | -197.8% | -14.0% | -128.7% | -137.7% | -756.7% | -4878.2% | -5943.7% |
| Net Profit Margin | -102.4% | -102.4% | 29.0% | -17.6% | -196.6% | -7.2% | -116.8% | -293.1% | -739.4% | -7359.7% | -4026.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.1% | -22.1% | 4.3% | -3.3% | -40.8% | -1.9% | -9.3% | -130.4% | -214.4% | -61.5% | -27.6% |
| ROA | -16.8% | -16.8% | 3.7% | -2.9% | -35.9% | -1.7% | -9.1% | -90.6% | -175.3% | -57.2% | -22.5% |
| ROIC | -8.7% | -8.7% | 4.1% | -3.1% | -30.3% | -2.7% | -7.7% | -43.1% | -159.2% | -30.4% | -28.4% |
| ROCE | -11.0% | -11.0% | 5.4% | -4.0% | -39.3% | -3.5% | -10.2% | -55.0% | -203.0% | -39.1% | -36.0% |
RIOT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $46M ($280M total debt minus $234M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.10 | 0.20 | 0.01 | 0.02 | 0.01 | — | 0.01 | 0.38 | 0.00 | 0.01 |
| Debt / EBITDA | — | — | 1.68 | 0.11 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.02 | 0.11 | -0.30 | -0.18 | -0.22 | -0.81 | -0.27 | 0.33 | -0.84 | -0.36 |
| Net Debt / EBITDA | — | — | 0.92 | -3.04 | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -16.57 | -16.57 | 56.49 | — | -397.24 | -50.29 | — | -166.59 | -495.00 | -2.75 | -102.86 |
RIOT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.96x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 8.33x to 0.96x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.96 | 0.96 | 3.74 | 8.33 | 3.65 | 5.14 | 98.57 | 3.75 | 0.35 | 40.74 | 13.03 |
| Quick Ratio | 0.96 | 0.96 | 3.74 | 8.33 | 3.65 | 5.14 | 98.57 | 3.75 | 0.35 | 40.74 | 13.03 |
| Cash Ratio | 0.50 | 0.50 | 1.73 | 4.93 | 1.90 | 2.84 | 93.19 | 2.21 | 0.03 | 40.03 | 5.24 |
| Asset Turnover | — | 0.16 | 0.10 | 0.14 | 0.20 | 0.14 | 0.04 | 0.23 | 0.57 | 0.01 | 0.01 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RIOT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Riot Platforms, Inc. returns 0.0% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.3% | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $341M | $319M | $175M | $139M | $93M | $42M | $20M | $13M | $6M | $4M |
Peer Comparison
Compare RIOT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RIOTYou | $11B | -14.4 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
 MARA | $5B | -3.9 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 CLSK | $4B | 15.4 | 7.8 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 |
 CIFR | $12B | -13.6 | — | — | 28.4% | -150.7% | -108.3% | -11.7% | — |
 IREN | $21B | 153.7 | 109.8 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 HUT | $14B | -58.1 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 BTBT | $707M | -7.0 | — | — | 21.4% | -49.8% | -12.1% | -5.8% | — |
 CORZ | $9B | -33.1 | — | — | 11.9% | -70.4% | — | — | — |
 BITF | $1B | -16.6 | 37.6 | — | -8.2% | -65.2% | -48.7% | -12.0% | — |
 WULF | $12B | -17.5 | — | — | 50.9% | -101.1% | -343.7% | -4.2% | — |
 MIGI | $5M | -0.3 | — | — | 43.6% | -50.0% | — | -62.9% | — |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
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Full Stock Analysis
Deep dive into RIOT consensus models and risk factors.
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DCF models, multiple analysis, and analyst estimates.
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Historical Returns
10-year return with dividends reinvested.
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Peer Comparison
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RIOT — Frequently Asked Questions
Quick answers to the most common questions about buying RIOT stock.
What is Riot Platforms, Inc.'s P/E ratio?
Riot Platforms, Inc.'s current P/E ratio is -14.4x. The historical average is 30.0x.
What is Riot Platforms, Inc.'s ROE?
Riot Platforms, Inc.'s return on equity (ROE) is -22.1%. The historical average is -70.6%.
Is RIOT stock overvalued?
Based on historical data, Riot Platforms, Inc. is trading at a P/E of -14.4x. Compare with industry peers and growth rates for a complete picture.
What are Riot Platforms, Inc.'s profit margins?
Riot Platforms, Inc. has -15.6% gross margin and -61.8% operating margin.