Riot Platforms
RIOT
18.54
-0.39
-2.06%
Riot Platforms
US · RIOT
#1731 by market cap
Listed 1970
18.54
-0.39
-2.06%
Live - 5344 symbols - heartbeat 550s ago
· 2026-10-08 07:38
Pre-market
18.25
-1.56%
After-hours
18.58
+0.21%
Overnight
18.28
-1.40%
- Market cap
- 6.96B
- P/E (TTM)i
- -4.83
- P/Bi
- 3.17
- EPSi
- -1.95
- Div yieldi
- 0.00%
- 52W posi
- 37%
Reader sentiment
Are you bullish or bearish on RIOT?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.26, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +71.89% YoY
Margins
- Gross margin
- 37.93%
- Operating margin
- -53.02%
- Net margin
- -102.43%
Key ratios & quality
- Enterprise valuei
- 7.57B
- Altman Z-Scorei
- 3.26
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.85M | 6.84M | 12.08M | 213.24M | 259.17M | 280.68M | 376.66M | 647.44M |
| Gross profit | 2.03M | 740.00K | 5.83M | 131.15M | 65.48M | 26.35M | 113.90M | 245.56M |
| Selling & admin expenses | 20.86M | 9.16M | 10.25M | 87.43M | 67.45M | 100.35M | 266.92M | 298.78M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -24.10M | -8.54M | -8.92M | 23.91M | -82.58M | -255.14M | -331.38M | -343.30M |
| Pretax profit | -61.01M | -20.45M | -14.11M | -15.18M | -521.30M | -54.57M | 110.15M | -663.33M |
| Tax | -699.00K | -143.00K | 0 | 254.00K | -11.75M | -5.09M | 744.00K | -150.00K |
| Net profit | -60.21M | -20.30M | -14.11M | -15.44M | -509.55M | -49.47M | 109.40M | -663.18M |
| Basic EPS | -4 | -1 | 0 | 0 | -4 | 0 | 0 | -2 |
| Diluted EPS | -4.33 | -1.02 | -0.34 | -0.17 | -3.65 | -0.28 | 0.34 | -1.95 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 161.39M | 152.99M | 180.23M | 152.83M | 167.22M | 174.24M |
| Gross profit | 65.80M | 61.95M | 70.76M | 47.06M | 31.54M | 41.24M |
| Selling & admin expenses | 71.45M | 75.90M | 69.83M | 81.59M | 76.18M | 82.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -75.78M | -88.84M | -51.37M | -127.32M | -121.35M | -128.49M |
| Pretax profit | -295.93M | 219.77M | 106.17M | -693.34M | -500.19M | -237.28M |
| Tax | 437.00K | 320.00K | 1.69M | -2.59M | 291.00K | -105.00K |
| Net profit | -296.37M | 219.45M | 104.48M | -690.75M | -500.48M | -237.17M |
| Basic EPS | -1 | 1 | 0 | -2 | -1 | -1 |
| Diluted EPS | -0.90 | 0.58 | 0.26 | -2.03 | -1.44 | -0.68 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.31M | 12.63M | 236.27M | 564.59M | 443.38M | 1.01B | 599.48M | 448.71M |
| Cash & ST investments | 932.00K | 11.28M | 235.01M | 473.71M | 339.75M | 908.35M | 412.13M | 233.52M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 13.86M | 30.38M | 280.15M | 1.52B | 1.32B | 2.05B | 3.94B | 3.94B |
| Total current liabilities | 6.66M | 3.37M | 2.40M | 109.88M | 121.54M | 121.02M | 160.39M | 469.78M |
| Short-term debt | -- | 368.00K | -- | 1.18M | 2.01M | 2.68M | 4.94M | 260.20M |
| Long-term debt | 1.70M | -- | -- | -- | -- | 526.00K | 584.31M | 586.91M |
| Total liabilities | 9,369,000.00 | 4,145,000.00 | 3,076,000.00 | 173,619,000.00 | 168,522,000.00 | 163,058,000.00 | 791,622,000.00 | 1,078,361,000.00 |
| Total equity | 4.49M | 26.24M | 277.07M | 1.35B | 1.15B | 1.89B | 3.14B | 2.86B |
| Retained earnings | -197.20M | -217.24M | -229.91M | -246.79M | -756.34M | -799.82M | -690.42M | -1.35B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 449.56M | 516.10M | 528.59M | 448.71M | 462.67M | 725.73M |
| Cash & ST investments | 234.75M | 317.88M | 330.75M | 233.52M | 205.67M | 471.38M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 3.72B | 4.29B | 4.48B | 3.94B | 3.44B | 3.26B |
| Total current liabilities | 139.30M | 374.91M | 358.55M | 469.78M | 429.32M | 457.75M |
| Short-term debt | 6.03M | 258.35M | 259.39M | 260.20M | 263.56M | 264.76M |
| Long-term debt | 585.00M | 585.75M | 586.50M | 586.91M | 587.66M | 588.41M |
| Total liabilities | 774,179,000.00 | 989,485,000.00 | 974,066,000.00 | 1,078,361,000.00 | 1,043,317,000.00 | 1,070,948,000.00 |
| Total equity | 2.94B | 3.30B | 3.50B | 2.86B | 2.39B | 2.19B |
| Retained earnings | -986.79M | -767.33M | -662.85M | -1.35B | -1.85B | -2.09B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -19.05M | -15.42M | -2.85M | -86.08M | 530.00K | 33.09M | -255.05M | -572.93M |
| Depreciation & amortization | 5.27M | 2.42M | 4.86M | 26.32M | 107.95M | 252.35M | 212.05M | 346.81M |
| Free cash flow | -39.89M | -21.86M | -44.13M | -508.06M | -352.33M | -391.05M | -1.52B | -1.14B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 726.00K | 24.83M | 264.28M | 679.74M | 294.71M | 764.40M | 965.47M | 208.45M |
| Ending cash balance | 225.00K | 7.44M | 223.38M | 312.32M | 230.33M | 597.17M | 351.30M | 309.79M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -122.06M | -231.33M | -114.02M | -105.53M | -182.65M | -90.14M |
| Depreciation & amortization | 77.93M | 83.20M | 82.93M | 102.76M | 97.73M | 97.78M |
| Free cash flow | -181.57M | -351.45M | -245.82M | -361.03M | -314.30M | -176.06M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 69.55M | 53.77M | 73.09M | 12.04M | -2.02M | -499.00K |
| Ending cash balance | 237.87M | 330.25M | 406.36M | 309.79M | 282.54M | 548.87M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -247.67 | -125.49 | -8.36 | -0.97 | -40.62 | -3.26 | 4.35 | -22.10 |
| ROA %i | -175.26 | -90.59 | -8.16 | -0.88 | -35.75 | -2.94 | 3.66 | -16.85 |
| ROIC %i | -230.46 | -121.92 | -8.41 | -0.93 | -40.09 | -3.69 | 2.98 | -17.46 |
| 5-year avg ROE %i | -89.43 | -103.12 | -95.98 | -91.04 | -85.03 | -36.14 | -10.18 | -12.73 |
| EBIT margin %i | -776.06 | -297.26 | -104.85 | -3.46 | -31.86 | -90.90 | 29.77 | -98.73 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.35 | 3.75 | 98.57 | 5.14 | 3.65 | 8.33 | 3.74 | 0.96 |
| Quick ratioi | 0.14 | 3.35 | 98.04 | 4.54 | 3.18 | 7.84 | 2.78 | 0.58 |
| Debt / assetsi | 12.24 | 1.21 | 0.00 | 0.88 | 1.69 | 1.08 | 15.58 | 22.02 |
| LT debt / equityi | 29.66 | -- | -- | 0.91 | 1.76 | 1.03 | 19.35 | 21.22 |
| Interest coveragei | -495.11 | -166.59 | -- | -24.92 | -- | -- | 56.49 | -26.47 |
| Revenue CAGR (3Y) %i | 240.86 | 313.51 | 255.17 | 200.67 | 235.92 | 185.34 | 20.88 | 35.69 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -14.71 | -3.23 | 5.24 | -22.10 | -32.49 | -48.24 |
| ROA %i | -12.60 | -2.71 | 4.43 | -16.85 | -24.24 | -35.08 |
| ROIC %i | -13.64 | -2.98 | 4.63 | -17.46 | -25.04 | -36.38 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -85.81 | -15.45 | 28.96 | -98.73 | -129.06 | -193.26 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 3.23 | 1.38 | 1.47 | 0.96 | 1.08 | 1.59 |
| Quick ratioi | 1.89 | 0.93 | 1.00 | 0.58 | 0.67 | 1.17 |
| Debt / assetsi | 16.63 | 20.29 | 19.47 | 22.02 | 25.51 | 26.90 |
| LT debt / equityi | 20.80 | 18.54 | 17.48 | 21.22 | 25.62 | 27.96 |
| Interest coveragei | -100.70 | -8.64 | 10.61 | -26.47 | -34.48 | -61.93 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Bitcoin mining is the largest reported line at 65.28% of revenue, across 4 reported segments.
- Engineering follows at 26.50%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Bitcoin mining65.28%
Engineering26.50%
Data Center13.32%
Quote time 2026-10-08 07:38:35 · For reference only, not investment advice and not tailored to your situation.