RIOT Stock Overview

Operates as a Bitcoin mining company in the United States. More details

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

Rewards

Trading at 49.3% below our estimate of its fair value

Revenue is forecast to grow 23.13% per year

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 35.5% per year for the next 3 years

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

Riot Platforms, Inc. Competitors

TeamViewer

XTRA:TMV

€2.0b

Truecaller

OM:TRUE B

SEK 23.8b

Weaver Network Technology

SHSE:603039

CN¥16.6b

Servyou Software Group

SHSE:603171

CN¥17.3b

Price History & Performance

Summary of share price highs, lows and changes for Riot Platforms
Historical stock prices
Current Share Price	US$2,980.00
52 Week High	US$6,100.00
52 Week Low	US$2,335.00
Beta	4.6
1 Month Change	-12.48%
3 Month Change	-42.25%
1 Year Change	-24.61%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-14.86%

Recent updates

Shareholder Returns

	RIOT	AR Software	AR Market
7D	20.2%	0%	0%
1Y	-24.6%	0%	0%

Return vs Industry: RIOT underperformed the AR Software industry which returned 0.6% over the past year.

Return vs Market: RIOT underperformed the AR Market which returned 58.5% over the past year.

Price Volatility

Is RIOT's price volatile compared to industry and market?
RIOT volatility
RIOT Average Weekly Movement	13.1%
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 (13%) has been stable over the past year, but is still higher than 75% of AR stocks.

Community vs My Fair Value

Select a narrative for quick price alerts from the community, or create your own.

About the Company

Founded	Employees	CEO	Website
2000	783	Jason Les	www.riotplatforms.com

Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. The company operates in two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities in Rockdale and Navarro counties, Texas; and two Bitcoin mining sites in Paducah, Kentucky.

Riot Platforms, Inc. Fundamentals Summary

How do Riot Platforms's earnings and revenue compare to its market cap?
RIOT fundamental statistics
Market cap	AR$2.85t
Earnings (TTM)	AR$125.12b
Revenue (TTM)	AR$430.78b

24.0x

P/E Ratio

7.0x

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$376.66m
Cost of Revenue	US$262.76m
Gross Profit	US$113.90m
Other Expenses	US$4.50m
Earnings	US$109.40m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 01, 2025

Earnings per share (EPS)	0.31
Gross Margin	30.24%
Net Profit Margin	29.05%
Debt/Equity Ratio	18.6%

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	2025/04/23 11:10
End of Day Share Price	2025/04/23 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

Riot Platforms, Inc. is covered by 23 analysts. 15 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
Martin Toner	ATB Capital Markets
Nicholas Giles	B. Riley Securities, Inc.
Gregory Lewis	BTIG