Last 48 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -12.14 | — | — | 18.30 | 4.87 | — | 5.94 | — | — | 3.78 | 11.38 | — | — |
| — | — | — | — | — | — | -47.8% | — | — | -83.4% | — | — | — | |
| P/S Ratio | 13.86 | 6.42 | 7.70 | 10.64 | 7.07 | 3.63 | 5.71 | 6.26 | 8.64 | 10.12 | 11.33 | 8.13 | 6.44 |
| — | +76.8% | +34.9% | +69.9% | -18.2% | -64.1% | -49.6% | -23.0% | +34.0% | +72.5% | +415.2% | +39.6% | +244.1% | |
| P/B Ratio | 2.82 | 1.79 | 1.65 | 2.19 | 1.31 | 0.80 | 1.04 | 0.77 | 0.94 | 1.30 | 1.89 | 1.26 | 1.59 |
| — | +125.2% | +59.0% | +183.3% | +40.2% | -38.6% | -45.2% | -38.6% | -41.3% | -17.6% | +311.7% | +51.7% | +275.9% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | 2219.89 | — | — | 3.32 | — | — | 2.69 | 5.49 | — | 12.59 |
| — | — | — | — | — | — | -39.6% | — | — | -47.8% | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | 2.67 | — | — | 3.01 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Riot Platforms, Inc.'s operating margin was -298.9% in Q1 2026, down 209.1 pp QoQ and down 247.1 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of -124.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -15.6% | — | -36.4% | -6.8% | -13.9% | -7.5% | 37.5% | 14.0% | 23.4% | 40.6% | 19.5% | -22.9% | 16.6% |
| — | — | -197.1% | -148.3% | -159.4% | -118.5% | +92.7% | +161.0% | +40.5% | +194.0% | +276.1% | -393.7% | -50.6% | |
| Operating Margin | -61.8% | -298.9% | -89.8% | -45.5% | -63.5% | -51.8% | 132.0% | -143.3% | -167.2% | 257.2% | 94.0% | -159.1% | -41.9% |
| — | -477.2% | -168.0% | +68.3% | +62.0% | -120.1% | +40.4% | +9.9% | -298.6% | +984.1% | +135.8% | -105.2% | +91.3% | |
| Net Margin | -102.4% | -299.3% | -452.0% | 58.0% | 143.4% | -183.6% | 95.7% | -182.1% | -120.6% | 267.1% | 100.5% | -154.2% | -35.7% |
| — | -63.0% | -572.3% | +131.8% | +218.9% | -168.8% | -4.8% | -18.0% | -238.0% | +956.5% | +138.8% | -120.1% | +92.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.1% | -19.1% | -21.7% | 3.1% | 7.0% | -9.7% | 4.6% | -5.8% | -3.3% | 9.7% | 4.9% | -6.2% | -2.3% |
| — | -95.7% | -568.9% | +153.1% | +310.7% | -200.3% | -5.6% | +6.7% | -42.2% | +488.2% | +138.6% | -147.4% | +91.1% | |
| ROA | -16.8% | -13.6% | -16.4% | 2.4% | 5.5% | -7.7% | 4.0% | -5.5% | -3.2% | 9.1% | 4.5% | -5.7% | -2.1% |
| — | -75.3% | -512.6% | +143.6% | +273.2% | -185.2% | -11.9% | +3.9% | -50.8% | +530.7% | +140.2% | -153.4% | +91.1% | |
| ROIC | -8.7% | -12.9% | -2.7% | -1.4% | -1.9% | -1.7% | 4.3% | -3.4% | -3.4% | 6.9% | 3.4% | -4.7% | -2.0% |
| — | -651.9% | -163.5% | +57.4% | +45.1% | -124.7% | +27.2% | +28.2% | -69.3% | +509.0% | +135.7% | -130.5% | +89.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 66.6% YoY to 1.08x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.12 | 0.10 | 0.25 | 0.26 | 0.21 | 0.20 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| — | -42.4% | -49.8% | +2099.1% | +2777.0% | +2035.9% | +1564.2% | -33.2% | -48.9% | -51.9% | -39.4% | -0.9% | +7.6% | |
| Debt / EBITDA | — | — | — | 942.54 | — | — | 2.27 | — | — | 0.10 | 0.16 | — | 0.65 |
| — | — | — | — | — | — | +1296.6% | — | — | -64.6% | — | — | — | |
| Current Ratio | 0.96 | 1.08 | 0.96 | 1.47 | 1.38 | 3.23 | 3.74 | 5.68 | 7.65 | 8.47 | 8.33 | 7.22 | 6.49 |
| — | -66.6% | -74.4% | -74.0% | -82.0% | -61.9% | -55.2% | -21.3% | +17.7% | +159.7% | +128.5% | +62.1% | +31.6% | |
| Quick Ratio | 0.96 | 1.08 | 0.96 | 1.47 | 1.38 | 3.23 | 3.74 | 5.68 | 7.65 | 8.47 | 8.33 | 7.22 | 6.49 |
| — | -66.6% | -74.4% | -74.0% | -82.0% | -61.9% | -55.2% | -21.3% | +17.7% | +159.7% | +128.5% | +62.1% | +31.6% | |
| Interest Coverage | -16.57 | -190.94 | -17.85 | -10.18 | -15.94 | -36.21 | 169.12 | — | — | 551.45 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Riot Platforms, Inc.'s current P/E is -12.1x. The average P/E over the last 2 quarters is 11.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Riot Platforms, Inc.'s current operating margin is -61.8%. Margins have been compressing 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.