How does RIOT's PS Ratio compare to its peers?

RIOT is expensive based on its Price-To-Sales Ratio (12.3x) compared to the peer average (7.1x).

How does RIOT's PS Ratio compare vs other companies in the Global Software Industry?

RIOT is expensive based on its Price-To-Sales Ratio (12.3x) compared to the Global Software industry average (3.2x).

What is RIOT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate RIOT's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of RIOT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate RIOT's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

RIOT Stock Overview

Operates as a bitcoin mining company in North America. More details

RIOT fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

Rewards

Earnings are forecast to grow 14.36% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Shareholders have been substantially diluted in the past year

Highly volatile share price over the past 3 months compared to the AR market

My Notes

Capture your thoughts, links and company narrative

Riot Platforms, Inc. Competitors

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Price History & Performance

Summary of share price highs, lows and changes for Riot Platforms
Historical stock prices
Current Share Price	US$4,495.00
52 Week High	US$6,100.00
52 Week Low	US$2,815.00
Beta	4.18
1 Month Change	-1.32%
3 Month Change	50.08%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	28.43%

Recent updates

Shareholder Returns

	RIOT	AR Software	AR Market
7D	-4.6%	0%	0%
1Y	n/a	0%	0%

Return vs Industry: Insufficient data to determine how RIOT performed against the AR Software industry.

Return vs Market: Insufficient data to determine how RIOT performed against the AR Market.

Price Volatility

Is RIOT's price volatile compared to industry and market?
RIOT volatility
RIOT Average Weekly Movement	15.7%
Software Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in AR Market	0%
10% least volatile stocks in AR Market	0%

Stable Share Price: RIOT's share price has been volatile over the past 3 months compared to the AR market.

Volatility Over Time: RIOT's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of AR stocks.

About the Company

Founded	Employees	CEO	Website
1998	534	Jason Les	www.riotplatforms.com

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

Riot Platforms, Inc. Fundamentals Summary

How do Riot Platforms's earnings and revenue compare to its market cap?
RIOT fundamental statistics
Market cap	AR$3.92t
Earnings (TTM)	AR$12.68b
Revenue (TTM)	AR$319.86b

309.3x

P/E Ratio

12.3x

P/S Ratio

Is RIOT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RIOT income statement (TTM)
Revenue	US$312.91m
Cost of Revenue	US$237.15m
Gross Profit	US$75.76m
Other Expenses	US$63.35m
Earnings	US$12.41m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.037
Gross Margin	24.21%
Net Profit Margin	3.97%
Debt/Equity Ratio	0.2%

How did RIOT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 22:51
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Riot Platforms, Inc. is covered by 27 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Raghuram Selvaraju	Aegis Capital Corporation
Martin Toner	ATB Capital Markets
Lucas Pipes	B. Riley Securities, Inc.