Symbols / RIOT Stock $18.28 -1.77% Riot Platforms, Inc.

Financial Services • Capital Markets • United States • NCM
RIOT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Jason Les
Exch · Country NCM · United States
Market Cap 6.93B
Enterprise Value 7.69B
Income -663.18M
Sales 647.44M
FCF (ttm) -256.66M
Book/sh 7.69
Cash/sh 0.62
Employees 816
Insider 10d —
IPO Mar 31, 2016
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -29.80
PEG —
P/S 10.70
P/B 2.38
P/C —
EV/EBITDA -45.47
EV/Sales 11.88
Quick Ratio 0.58
Current Ratio 0.95
Debt/Eq 30.32
LT Debt/Eq —
EPS (ttm) -1.95
EPS next Y -0.61
EPS Growth —
Revenue Growth 7.20%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-04-30
Earnings (prior) 2026-03-02
ROA -8.19%
ROE -22.10%
ROIC —
Gross Margin 37.93%
Oper. Margin -4.25%
Profit Margin -102.43%
Shs Outstand 379.13M
Shs Float 349.43M
Insider Own 6.75%
Instit Own 73.57%
Short Float 14.23%
Short Ratio 3.14
Short Interest 52.98M
52W High 23.93
vs 52W High -23.63%
52W Low 6.96
vs 52W Low 162.64%
Beta 3.57
Impl. Vol. 1.11%
Rel Volume 0.81
Avg Volume 18.39M
Volume 14.87M
Target (mean) $25.44
Tgt Median $25.00
Tgt Low $12.90
Tgt High $42.00
# Analysts 18
Recom Strong_buy
Prev Close $18.61
Price $18.28
Change -1.77%
About

Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. It operates in two segments, Bitcoin Mining and Engineering. The company offers comprehensive and critical infrastructure for bitcoin mining and data center services at its facilities. The company also designs and manufactures power distribution equipment and engineered-to-order electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale industrial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$25.44
Mean price target
2. Current target
$18.57
Latest analyst target
3. DCF / Fair value
$-12.19
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.57
Low
$12.90
High
$42.00
Mean
$25.44

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-27 init Chardan Capital — → Buy $28
2026-04-21 main Piper Sandler Overweight → Overweight $23
2026-04-09 main Cantor Fitzgerald Overweight → Overweight $20
2026-03-18 main Citigroup Buy → Buy $21
2026-03-04 main Macquarie Outperform → Outperform $30
2026-03-03 main Cantor Fitzgerald Overweight → Overweight $29
2026-03-03 main Piper Sandler Overweight → Overweight $21
2026-03-03 main Needham Buy → Buy $24
2026-03-03 main HC Wainwright & Co. Buy → Buy $23
2026-01-27 main Keefe, Bruyette & Woods Outperform → Outperform $23
2026-01-20 main Needham Buy → Buy $30
2025-12-22 main Citigroup Buy → Buy $23
2025-11-25 main JP Morgan Overweight → Overweight $20
2025-11-24 main JP Morgan Overweight → Overweight $17
2025-11-19 init Citizens — → Market Outperform $25
2025-11-05 main Cantor Fitzgerald Overweight → Overweight $25
2025-11-03 main Bernstein Outperform → Outperform $25
2025-10-31 reit Piper Sandler Overweight → Overweight $26
2025-10-31 main Needham Buy → Buy $28
2025-10-22 main Macquarie Outperform → Outperform $30
News
RSS: Latest RIOT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-31 LES JASON Chief Executive Officer — 1,420,677 $0.00 $0
2025-12-31 YI SOO IL BENJAMIN Officer and Director — 1,420,677 $0.00 $0
2025-12-31 JACKMAN WILLIAM RICHARD Officer — 591,948 $0.00 $0
2025-12-31 WERNER RYAN D. Officer — 177,582 $0.00 $0
2025-12-31 CHUNG JASON Officer — 710,337 $0.00 $0
2025-12-31 HOWELL STEPHEN MITCHELL JR Chief Operating Officer — 591,948 $0.00 $0
2025-12-31 GIBBS JONATHAN Officer — 710,337 $0.00 $0
2025-10-10 WERNER RYAN D. Officer — 14,984 $23.00 $344,632
2025-10-03 LES JASON Chief Executive Officer — 113,948 $20.04 $2,283,518
2025-09-29 LES JASON Chief Executive Officer — 12,800 $20.00 $256,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
647.43
+71.89%
376.66
+34.20%
280.68
+8.30%
259.17
Operating Revenue
640.96
+78.30%
359.49
+41.92%
253.30
+13.99%
222.21
Cost Of Revenue
401.88
+52.95%
262.75
+3.31%
254.33
+31.31%
193.70
Reconciled Cost Of Revenue
401.88
+52.95%
262.75
+3.31%
254.33
+31.31%
193.70
Gross Profit
245.56
+115.59%
113.90
+332.35%
26.34
-59.76%
65.47
Operating Expense
588.86
+32.24%
445.28
+58.19%
281.49
+90.12%
148.06
Selling General And Administration
298.78
+11.94%
266.92
+165.99%
100.35
+48.77%
67.45
Other Operating Expenses
-56.73
-68.41%
-33.69
+52.70%
-71.22
-160.43%
-27.34
Total Expenses
990.73
+39.93%
708.04
+32.14%
535.82
+56.79%
341.75
Operating Income
-343.30
-3.60%
-331.38
-29.88%
-255.14
-208.95%
-82.58
Total Operating Income As Reported
-622.17
-505.08%
153.59
+343.61%
-63.05
+87.70%
-512.70
EBITDA
-292.38
-190.19%
324.18
+61.57%
200.64
+148.69%
-412.04
Normalized EBITDA
-13.51
+85.20%
-91.30
-1167.81%
8.55
-52.70%
18.08
Reconciled Depreciation
346.81
+63.55%
212.05
-15.97%
252.35
+133.77%
107.95
EBIT
-639.19
-670.04%
112.13
+316.84%
-51.71
+90.06%
-519.99
Total Unusual Items
-278.87
-167.12%
415.48
+116.29%
192.09
+144.66%
-430.12
Total Unusual Items Excluding Goodwill
-278.87
-167.12%
415.48
+116.29%
192.09
+144.66%
-430.12
Special Income Charges
-161.54
-811.84%
-17.72
-2876.80%
0.64
+100.12%
-531.88
Other Special Charges
151.96
+5536.71%
-2.79
+53.21%
-5.97
-161.66%
9.69
Impairment Of Capital Assets
29.74
0.00
0.00
-100.00%
391.19
Restructuring And Mergern Acquisition
-17.88
-680.27%
3.08
0.00
+100.00%
-0.08
Write Off
—
0.00
0.00
-100.00%
147.37
Net Income
-663.18
-706.19%
109.40
+321.14%
-49.47
+90.29%
-509.55
Pretax Income
-663.33
-702.23%
110.14
+301.86%
-54.56
+89.53%
-521.30
Interest Expense Non Operating
24.14
+1116.32%
1.99
-30.45%
2.85
+118.03%
1.31
Net Interest Income
-10.16
-140.35%
25.18
+206.26%
8.22
+1711.01%
0.45
Interest Expense
24.14
+1116.32%
1.99
-30.45%
2.85
+118.03%
1.31
Interest Income Non Operating
13.98
-48.52%
27.17
+145.27%
11.08
+528.25%
1.76
Interest Income
13.98
-48.52%
27.17
+145.27%
11.08
+528.25%
1.76
Other Income Expense
-309.87
-174.43%
416.34
+116.45%
192.35
+143.80%
-439.17
Other Non Operating Income Expenses
-2.81
-425.96%
0.86
+231.92%
0.26
+540.68%
-0.06
Gain On Sale Of Security
-117.33
-127.08%
433.20
+126.27%
191.46
+88.14%
101.76
Gain On Sale Of Business
—
—
—
—
Tax Provision
-0.15
-120.16%
0.74
+114.61%
-5.09
+56.65%
-11.75
Tax Rate For Calcs
0.00
-100.00%
0.00
-92.47%
0.00
+312.64%
0.00
Tax Effect Of Unusual Items
0.00
-100.00%
3.39
-81.00%
17.86
+284.29%
-9.69
Net Income Including Noncontrolling Interests
-663.18
-706.19%
109.40
+321.14%
-49.47
+90.29%
-509.55
Net Income From Continuing Operation Net Minority Interest
-663.18
-706.19%
109.40
+321.14%
-49.47
+90.29%
-509.55
Net Income From Continuing And Discontinued Operation
-663.18
-706.19%
109.40
+321.14%
-49.47
+90.29%
-509.55
Net Income Continuous Operations
-663.18
-706.19%
109.40
+321.14%
-49.47
+90.29%
-509.55
Minority Interests
—
—
—
0.00
Normalized Income
-384.31
-3.26%
-372.17
-66.37%
-223.70
-150.99%
-89.13
Net Income Common Stockholders
-663.18
-706.19%
109.40
+321.14%
-49.47
+90.29%
-509.55
Diluted EPS
—
0.34
+221.43%
-0.28
+92.33%
-3.65
Basic EPS
—
0.40
+242.86%
-0.28
+92.33%
-3.65
Basic Average Shares
—
275.98
+57.68%
175.03
+25.53%
139.43
Diluted Average Shares
—
318.93
+82.22%
175.03
+25.53%
139.43
Diluted NI Availto Com Stockholders
-663.18
-706.19%
109.40
+321.14%
-49.47
+90.29%
-509.55
Depreciation Amortization Depletion Income Statement
346.81
+63.55%
212.05
-15.97%
252.35
+133.77%
107.95
Depreciation And Amortization In Income Statement
346.81
+63.55%
212.05
-15.97%
252.35
+133.77%
107.95
Earnings From Equity Interest
-28.19
—
—
-9.00
Gain On Sale Of PPE
2.27
+113.01%
-17.43
-226.63%
-5.34
-132.77%
16.28
Line Item Trend 2023-12-31
Total Assets
2,051.08
Current Assets
1,008.57
Cash Cash Equivalents And Short Term Investments
908.35
Cash And Cash Equivalents
597.17
Other Short Term Investments
311.18
Receivables
40.06
Accounts Receivable
24.71
Gross Accounts Receivable
26.21
Allowance For Doubtful Accounts Receivable
-1.50
Other Receivables
15.36
Prepaid Assets
—
Restricted Cash
0.00
Hedging Assets Current
31.05
Other Current Assets
29.11
Total Non Current Assets
1,042.51
Net PPE
714.29
Gross PPE
1,073.73
Accumulated Depreciation
-359.44
Properties
0.00
Buildings And Improvements
348.87
Machinery Furniture Equipment
41.25
Construction In Progress
166.97
Other Properties
516.64
Goodwill And Other Intangible Assets
26.02
Goodwill
0.00
Other Intangible Assets
26.02
Investments And Advances
0.00
Non Current Prepaid Assets
215.01
Other Non Current Assets
13.12
Total Liabilities Net Minority Interest
163.06
Current Liabilities
121.02
Payables And Accrued Expenses
70.64
Payables
23.16
Accounts Payable
23.16
Current Accrued Expenses
47.48
Pensionand Other Post Retirement Benefit Plans Current
14.89
Total Tax Payable
—
Current Debt And Capital Lease Obligation
2.68
Current Debt
0.26
Other Current Borrowings
0.26
Current Capital Lease Obligation
2.42
Current Deferred Liabilities
32.54
Current Deferred Revenue
6.53
Other Current Liabilities
0.27
Total Non Current Liabilities Net Minority Interest
42.04
Long Term Debt And Capital Lease Obligation
19.45
Long Term Debt
0.53
Long Term Capital Lease Obligation
18.92
Non Current Deferred Liabilities
15.80
Non Current Deferred Revenue
15.80
Other Non Current Liabilities
6.15
Common Stock Equity
1,888.02
Capital Stock
2,687.69
Common Stock
2,687.69
Preferred Stock
0.00
Share Issued
230.84
Ordinary Shares Number
230.84
Treasury Shares Number
0.00
Retained Earnings
-799.82
Gains Losses Not Affecting Retained Earnings
0.15
Minority Interest
—
Other Equity Adjustments
0.15
Total Equity Gross Minority Interest
1,888.02
Total Capitalization
1,888.55
Working Capital
887.56
Invested Capital
1,888.81
Total Debt
22.13
Net Debt
—
Capital Lease Obligations
21.34
Net Tangible Assets
1,862.01
Tangible Book Value
1,862.01
Available For Sale Securities
—
Derivative Product Liabilities
0.64
Financial Assets
74.08
Investmentin Financial Assets
0.00
Preferred Stock Equity
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Cash Flow From Continuing Operating Activities
-572.93
-124.63%
-255.05
-870.90%
33.09
+6142.45%
0.53
Net Income From Continuing Operations
-663.18
-706.19%
109.40
+321.14%
-49.47
+90.29%
-509.55
Depreciation Amortization Depletion
346.81
+63.55%
212.05
-15.97%
252.35
+133.77%
107.95
Depreciation
—
—
—
120.13
Depreciation And Amortization
346.81
+63.55%
212.05
-15.97%
252.35
+133.77%
107.95
Other Non Cash Items
-554.61
-80.27%
-307.66
-3380.71%
-8.84
+84.14%
-55.73
Stock Based Compensation
125.71
+0.40%
125.20
+289.19%
32.17
+31.01%
24.55
Asset Impairment Charge
29.74
0.00
0.00
-100.00%
538.56
Deferred Tax
0.00
0.00
+100.00%
-5.04
+57.06%
-11.75
Deferred Income Tax
0.00
0.00
+100.00%
-5.04
+57.06%
-11.75
Operating Gains Losses
33.13
-20.44%
41.64
+3106.57%
-1.39
+98.73%
-109.05
Gain Loss On Investment Securities
7.20
+115.91%
-45.28
-573.66%
-6.72
+93.40%
-101.76
Unrealized Gain Loss On Investment Securities
115.88
+125.33%
-457.41
-147.60%
-184.73
0.00
Gain Loss On Sale Of PPE
-2.27
-113.01%
17.43
+226.63%
5.34
+132.77%
-16.28
Change In Working Capital
-6.41
-129.51%
21.72
+1205.80%
-1.96
-112.63%
15.55
Change In Receivables
—
—
—
-21.41
Changes In Account Receivables
—
—
—
-11.53
Change In Prepaid Assets
—
—
—
-25.52
Change In Payables And Accrued Expense
—
—
—
11.96
Change In Accrued Expense
—
—
—
13.55
Change In Payable
—
—
—
-1.59
Change In Account Payable
—
—
—
-1.59
Change In Other Working Capital
—
—
—
3.38
Change In Other Current Assets
-30.50
-489.02%
7.84
+23.41%
6.35
-47.32%
12.06
Change In Other Current Liabilities
24.09
+73.54%
13.88
+266.90%
-8.32
-338.35%
3.49
Investing Cash Flow
76.13
+105.05%
-1,508.81
-263.77%
-414.77
-16.88%
-354.86
Cash Flow From Continuing Investing Activities
76.13
+105.05%
-1,508.81
-263.77%
-414.77
-16.88%
-354.86
Net PPE Purchase And Sale
-560.12
+17.10%
-675.70
-61.75%
-417.73
-21.67%
-343.33
Purchase Of PPE
-566.95
+17.84%
-690.02
-62.70%
-424.10
-23.52%
-343.33
Sale Of PPE
6.83
-52.31%
14.32
+124.78%
6.37
0.00
Capital Expenditure
-566.95
+55.27%
-1,267.52
-198.85%
-424.13
-20.20%
-352.86
Capital Expenditure Reported
0.00
+100.00%
-577.50
0.00
0.00
Net Investment Purchase And Sale
641.56
0.00
+100.00%
-4.50
-348.89%
1.81
Purchase Of Investment
0.00
0.00
+100.00%
-4.50
0.00
Sale Of Investment
641.56
0.00
0.00
-100.00%
1.81
Net Business Purchase And Sale
0.00
+100.00%
-254.62
0.00
0.00
Purchase Of Business
0.00
+100.00%
-254.62
0.00
0.00
Gain Loss On Sale Of Business
—
—
—
—
Net Intangibles Purchase And Sale
0.00
0.00
+100.00%
-0.03
+99.64%
-9.53
Purchase Of Intangibles
0.00
0.00
+100.00%
-0.03
+99.64%
-9.53
Net Other Investing Changes
-5.31
-436.16%
-0.99
-113.20%
7.50
+296.90%
-3.81
Financing Cash Flow
455.29
-70.01%
1,517.99
+102.80%
748.52
+174.84%
272.35
Cash Flow From Continuing Financing Activities
455.29
-70.01%
1,517.99
+102.80%
748.52
+174.84%
272.35
Net Issuance Payments Of Debt
254.27
-56.77%
588.16
+68211.61%
0.86
0.00
Issuance Of Debt
261.00
-56.09%
594.38
+8489.35%
6.92
0.00
Repayment Of Debt
-6.73
-8.17%
-6.22
-2.66%
-6.06
0.00
Long Term Debt Issuance
261.00
-56.09%
594.38
+8489.35%
6.92
0.00
Long Term Debt Payments
-6.73
-8.17%
-6.22
-2.66%
-6.06
0.00
Net Long Term Debt Issuance
254.27
-56.77%
588.16
+68211.61%
0.86
0.00
Short Term Debt Issuance
—
—
6.92
0.00
Short Term Debt Payments
—
—
-6.06
0.00
Net Short Term Debt Issuance
—
—
0.86
0.00
Net Common Stock Issuance
208.45
-78.41%
965.47
+26.30%
764.39
+159.37%
294.71
Common Stock Payments
-4.29
+62.90%
-11.56
+17.62%
-14.04
-38.44%
-10.14
Repurchase Of Capital Stock
-4.29
+62.90%
-11.56
+17.62%
-14.04
-38.44%
-10.14
Proceeds From Stock Option Exercised
—
—
0.00
0.00
Net Other Financing Charges
-7.43
+79.16%
-35.64
-112.99%
-16.73
+25.18%
-22.36
Changes In Cash
-41.51
+83.12%
-245.87
-167.02%
366.84
+547.44%
-81.99
Beginning Cash Position
351.30
-41.17%
597.17
+159.27%
230.33
-26.25%
312.31
End Cash Position
309.79
-11.82%
351.30
-41.17%
597.17
+159.27%
230.33
Free Cash Flow
-1,139.88
+25.13%
-1,522.57
-289.35%
-391.05
-10.99%
-352.33
Interest Paid Supplemental Data
15.45
+34235.56%
0.04
-46.43%
0.08
0.00
Income Tax Paid Supplemental Data
1.04
+868.22%
0.11
-84.26%
0.68
0.00
Common Stock Issuance
212.74
-78.23%
977.03
+25.51%
778.43
+155.35%
304.85
Earnings Losses From Equity Investments
28.19
-59.43%
69.49
0.00
-100.00%
9.00
Issuance Of Capital Stock
212.74
-78.23%
977.03
+25.51%
778.43
+155.35%
304.85
Sale Of Intangibles
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category