Last 47 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Riot Platforms, Inc.'s quarterly P/E stands at 18.3x.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 47.91 | 18.30 | 4.96 | — | 5.94 | — | — | 3.78 | 11.38 | — | — | 22.70 | — |
| — | — | — | — | -47.8% | — | — | -83.4% | — | — | — | +28.7% | — | |
| P/S Ratio | 16.05 | 10.64 | 7.07 | 3.63 | 5.71 | 6.26 | 8.64 | 10.12 | 11.33 | 8.13 | 6.44 | 5.87 | 2.20 |
| — | +69.9% | -18.2% | -64.1% | -49.6% | -23.0% | +34.0% | +72.5% | +415.2% | +39.6% | +244.1% | -24.4% | -66.1% | |
| P/B Ratio | 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 |
| — | +183.3% | +40.2% | -38.6% | -45.2% | -38.6% | -41.3% | -17.6% | +311.7% | +51.7% | +275.9% | -11.8% | -73.8% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 17.45 | 11.70 | 4.06 | — | 3.32 | — | — | 2.69 | 5.49 | — | 12.59 | 5.16 | — |
| — | — | — | — | -39.6% | — | — | -47.8% | — | — | — | -79.6% | — | |
| EV / EBIT | 41.54 | 16.69 | 5.38 | — | 2.67 | — | — | 3.01 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Riot Platforms, Inc.'s operating margin was 44.4% in Q3 2025, down 96.9 pp QoQ and up 187.7 pp YoY. The trailing four-quarter average of 43.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 180.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.2% | 39.3% | 40.5% | 40.8% | 37.5% | 14.0% | 23.4% | 40.6% | 19.5% | -22.9% | 16.6% | 13.8% | 5.2% |
| — | +180.9% | +73.1% | +0.4% | +92.7% | +161.0% | +40.5% | +194.0% | +276.1% | -393.7% | -50.6% | -67.7% | -91.4% | |
| Operating Margin | 40.8% | 44.4% | 141.3% | -144.9% | 132.0% | -143.3% | -167.2% | 257.2% | 94.0% | -159.1% | -41.9% | 23.7% | -262.8% |
| — | +131.0% | +184.5% | -156.3% | +40.4% | +9.9% | -298.6% | +984.1% | +135.8% | -105.2% | +91.3% | +110.2% | -1073.8% | |
| Net Margin | 29.0% | 58.0% | 143.4% | -183.6% | 95.7% | -182.1% | -120.6% | 267.1% | 100.5% | -154.2% | -35.7% | 25.3% | -259.0% |
| — | +131.8% | +218.9% | -168.8% | -4.8% | -18.0% | -238.0% | +956.5% | +138.8% | -120.1% | +92.6% | -43.4% | -1110.3% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.3% | 3.1% | 7.0% | -9.7% | 4.6% | -5.8% | -3.3% | 9.7% | 4.9% | -6.2% | -2.3% | 1.7% | -12.7% |
| — | +153.1% | +310.7% | -200.3% | -5.6% | +6.7% | -42.2% | +488.2% | +138.6% | -147.4% | +91.1% | -36.6% | -592.4% | |
| ROA | 3.7% | 2.4% | 5.5% | -7.7% | 4.0% | -5.5% | -3.2% | 9.1% | 4.5% | -5.7% | -2.1% | 1.4% | -11.2% |
| — | +143.6% | +273.2% | -185.2% | -11.9% | +3.9% | -50.8% | +530.7% | +140.2% | -153.4% | +91.1% | -37.9% | -615.1% | |
| ROIC | 4.1% | 1.5% | 4.2% | -4.8% | 4.3% | -3.4% | -3.4% | 6.9% | 3.4% | -4.7% | -2.0% | 1.1% | -9.5% |
| — | +144.6% | +222.1% | -169.1% | +27.2% | +28.2% | -69.3% | +509.0% | +135.7% | -130.5% | +89.6% | +133.7% | -566.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Riot Platforms, Inc.'s Debt/EBITDA ratio is 1.8x, down from 2.9x last quarter — comfortably within a safe range. The current ratio has weakened 74.0% YoY to 1.47x, tightening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.08 | 0.26 | 0.21 | 0.20 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| — | +619.7% | +2777.0% | +2035.9% | +1564.2% | -33.2% | -48.9% | -51.9% | -39.4% | -0.9% | +7.6% | +29.8% | +93.9% | |
| Debt / EBITDA | 1.68 | 1.75 | 2.90 | — | 2.27 | — | — | 0.10 | 0.16 | — | 0.65 | 0.29 | — |
| — | — | — | — | +1296.6% | — | — | -64.6% | — | — | — | -68.6% | — | |
| Current Ratio | 3.74 | 1.47 | 1.38 | 3.23 | 3.74 | 5.68 | 7.65 | 8.47 | 8.33 | 7.22 | 6.49 | 3.26 | 3.65 |
| — | -74.0% | -82.0% | -61.9% | -55.2% | -21.3% | +17.7% | +159.7% | +128.5% | +62.1% | +31.6% | -13.8% | -29.0% | |
| Quick Ratio | 3.74 | 1.47 | 1.38 | 3.23 | 3.74 | 5.68 | 7.65 | 8.47 | 8.33 | 7.22 | 6.49 | 3.26 | 3.65 |
| — | -74.0% | -82.0% | -61.9% | -55.2% | -21.3% | +17.7% | +159.7% | +128.5% | +62.1% | +31.6% | -13.8% | -29.0% | |
| Interest Coverage | 77.38 | 9.94 | 35.47 | -101.33 | 94.81 | — | — | 531.10 | — | — | — | 4.54 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonRiot Platforms, Inc.'s current P/E is 47.9x. The average P/E over the last 3 quarters is 9.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Riot Platforms, Inc.'s current operating margin is 40.8%. 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.