Last 48 quarters of trend data · Technology · Bitcoin Miners
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -4.41 | 470.79 | — | — | — | 18.30 | 4.87 | — | 5.94 | — | — | 3.78 | 11.38 | — | — | 22.70 | — | — | — | 17.64 | — |
| — | +2472.9% | — | — | — | — | — | — | -47.8% | — | — | -83.4% | — | — | — | +28.7% | — | — | — | -88.1% | — | |
| P/S Ratio | 9.57 | 10.61 | 13.87 | 6.53 | 8.11 | 11.14 | 7.36 | 3.69 | 5.79 | 6.26 | 8.64 | 10.17 | 11.33 | 8.13 | 6.44 | 6.19 | 2.20 | 5.83 | 1.87 | 7.80 | 6.50 |
| — | -4.8% | +88.5% | +77.0% | +40.0% | +77.9% | -14.8% | -63.8% | -48.9% | -23.0% | +34.0% | +64.3% | +415.2% | +39.6% | +244.1% | -20.6% | -66.1% | -38.8% | -92.3% | -83.8% | -86.5% | |
| P/B Ratio | 1.99 | 3.55 | 4.34 | 1.79 | 1.65 | 2.19 | 1.31 | 0.80 | 1.04 | 0.77 | 0.94 | 1.30 | 1.89 | 1.26 | 1.59 | 1.57 | 0.46 | 0.83 | 0.42 | 1.79 | 1.75 |
| — | +62.2% | +230.9% | +125.2% | +59.0% | +183.3% | +40.2% | -38.6% | -45.2% | -38.6% | -41.3% | -17.6% | +311.7% | +51.7% | +275.9% | -11.8% | -73.8% | -74.1% | -91.0% | -85.3% | -52.3% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | 15.18 | — | — | — | 2219.89 | — | — | 3.32 | — | — | 2.69 | 5.49 | — | 12.59 | 5.16 | — | — | — | 25.27 | — |
| — | -99.3% | — | — | — | — | — | — | -39.6% | — | — | -47.8% | — | — | — | -79.6% | — | — | — | -75.6% | — | |
| EV / EBIT | — | 516.53 | — | — | — | — | — | — | 2.67 | — | — | 3.01 | — | — | — | — | — | — | — | 51.62 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -63.1% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -16.2% | 23.1% | 24.0% | -40.2% | -38.4% | -7.1% | -14.5% | -7.6% | 38.0% | 14.0% | 23.4% | 40.8% | 19.5% | -22.9% | 16.6% | 14.6% | 5.2% | 7.8% | 33.7% | 43.0% | 60.5% |
| — | +427.4% | +266.2% | -427.5% | -200.9% | -150.6% | -161.8% | -118.7% | +95.4% | +161.0% | +40.5% | +180.0% | +276.1% | -393.7% | -50.6% | -66.1% | -91.4% | -87.1% | -45.6% | -36.3% | +0.4% | |
| Operating Margin | -64.2% | 0.7% | -139.6% | -86.5% | -94.6% | -47.6% | -66.1% | -52.5% | 133.9% | -143.3% | -167.2% | 258.4% | 94.0% | -159.1% | -41.9% | 25.0% | -262.8% | -77.5% | -484.2% | 11.3% | -22.4% |
| — | +101.4% | -111.0% | -64.6% | -170.7% | +66.8% | +60.4% | -120.3% | +42.4% | +9.9% | -298.6% | +932.4% | +135.8% | -105.2% | +91.3% | +120.8% | -1073.8% | -1111.2% | -3147.3% | -64.2% | -42.6% | |
| Net Margin | -106.4% | 2.3% | -138.3% | -304.1% | -475.9% | 60.7% | 149.4% | -186.3% | 97.1% | -182.1% | -120.6% | 268.4% | 100.5% | -154.2% | -35.7% | 26.7% | -259.0% | -70.1% | -484.7% | 44.9% | -21.4% |
| — | -96.3% | -192.5% | -63.2% | -590.4% | +133.3% | +223.9% | -169.4% | -3.5% | -18.0% | -238.0% | +906.1% | +138.8% | -120.1% | +92.6% | -40.5% | -1110.3% | -196.0% | -960.9% | +38.2% | -129.0% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.1% | 0.2% | -10.3% | -19.1% | -21.7% | 3.1% | 7.0% | -9.7% | 4.6% | -5.8% | -3.3% | 9.7% | 4.9% | -6.2% | -2.3% | 1.7% | -12.7% | -2.5% | -26.4% | 2.6% | -1.8% |
| — | -93.9% | -247.0% | -95.7% | -568.9% | +153.1% | +310.7% | -200.3% | -5.6% | +6.7% | -42.2% | +488.2% | +138.6% | -147.4% | +91.1% | -36.6% | -592.4% | -21.3% | -839.2% | +11.5% | -179.3% | |
| ROA | -16.8% | 0.1% | -7.1% | -13.6% | -16.4% | 2.4% | 5.5% | -7.7% | 4.0% | -5.5% | -3.2% | 9.1% | 4.5% | -5.7% | -2.1% | 1.4% | -11.2% | -2.2% | -23.7% | 2.3% | -1.6% |
| — | -94.6% | -229.1% | -75.3% | -512.6% | +143.6% | +273.2% | -185.2% | -11.9% | +3.9% | -50.8% | +530.7% | +140.2% | -153.4% | +91.1% | -37.9% | -615.1% | -36.1% | -885.2% | +1.1% | -168.9% | |
| ROIC | -8.0% | 0.0% | -6.3% | -3.1% | -2.5% | -1.4% | -1.9% | -1.7% | 4.3% | -3.4% | -3.4% | 6.9% | 3.4% | -4.7% | -2.0% | 1.1% | -9.5% | -2.0% | -19.5% | 0.5% | -1.4% |
| — | +102.4% | -231.6% | -78.2% | -158.9% | +57.4% | +45.1% | -124.7% | +27.2% | +28.2% | -69.3% | +509.0% | +135.7% | -130.5% | +89.6% | +133.7% | -566.4% | -393.5% | -2664.7% | -71.5% | -286.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.32 | 0.13 | 0.37 | 0.30 | 0.25 | 0.26 | 0.21 | 0.20 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| — | +29.9% | -51.7% | +74.4% | +55.5% | +2099.1% | +2777.0% | +2035.9% | +1564.2% | -33.2% | -48.9% | -51.9% | -39.4% | -0.9% | +7.6% | +29.8% | +93.9% | +57.1% | +43.5% | — | — | |
| Debt / EBITDA | — | 5.51 | — | — | — | 942.54 | — | — | 2.27 | — | — | 0.10 | 0.16 | — | 0.65 | 0.29 | — | — | — | 0.93 | — |
| — | -99.4% | — | — | — | — | — | — | +1296.6% | — | — | -64.6% | — | — | — | -68.6% | — | — | — | — | — | |
| Current Ratio | 0.96 | 3.49 | 1.56 | 1.08 | 0.96 | 1.47 | 1.38 | 3.23 | 3.74 | 5.68 | 7.65 | 8.47 | 8.33 | 7.22 | 6.49 | 3.26 | 3.65 | 4.45 | 4.94 | 3.78 | 5.14 |
| — | +136.7% | +13.2% | -66.6% | -74.4% | -74.0% | -82.0% | -61.9% | -55.2% | -21.3% | +17.7% | +159.7% | +128.5% | +62.1% | +31.6% | -13.8% | -29.0% | -36.4% | -16.4% | -89.8% | -94.8% | |
| Quick Ratio | 0.96 | 3.49 | 1.56 | 1.08 | 0.96 | 1.47 | 1.38 | 3.23 | 3.74 | 5.68 | 7.65 | 8.47 | 8.33 | 7.22 | 6.49 | 3.26 | 3.65 | 4.45 | 4.94 | 3.78 | 5.14 |
| — | +136.7% | +13.2% | -66.6% | -74.4% | -74.0% | -82.0% | -61.9% | -55.2% | -21.3% | +17.7% | +159.7% | +128.5% | +62.1% | +31.6% | -13.8% | -29.0% | -36.4% | -16.4% | -89.8% | -94.8% | |
| Interest Coverage | -16.57 | 1.34 | -87.30 | -54.38 | -17.85 | -10.18 | -15.94 | -36.21 | 169.12 | — | — | 551.45 | — | — | — | -15.36 | — | — | — | 32.37 | — |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying RIOT stock.
Riot Platforms, Inc.'s current P/E is -4.4x. The average P/E over the last 1 quarters is 470.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Riot Platforms, Inc.'s current operating margin is -64.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Riot Platforms, Inc.'s business trajectory between earnings reports.