Riot Platforms Past Earnings Performance

Past criteria checks 2/6

Riot Platforms's earnings have been declining at an average annual rate of -19.2%, while the Software industry saw earnings growing at 13.5% annually. Revenues have been growing at an average rate of 43.9% per year. Riot Platforms's return on equity is 0.5%, and it has net margins of 4%.

Key information

-19.2%

Earnings growth rate

-1.4%

EPS growth rate

Software Industry Growth	36.3%
Revenue growth rate	43.9%
Return on equity	0.5%
Net Margin	4.0%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Riot Platforms makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BASE:RIOT Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 24	313	12	225	0
30 Jun 24	280	87	187	0
31 Mar 24	287	144	145	0
31 Dec 23	281	-49	100	0
30 Sep 23	262	-249	91	0
30 Jun 23	256	-201	78	0
31 Mar 23	253	-528	69	0
31 Dec 22	259	-510	67	0
30 Sep 22	290	-376	77	0
30 Jun 22	308	-359	101	0
31 Mar 22	270	14	93	0
31 Dec 21	213	-15	87	0
30 Sep 21	128	15	53	0
30 Jun 21	65	29	14	0
31 Mar 21	33	-1	13	0
31 Dec 20	12	-14	10	0
30 Sep 20	8	-20	11	0
30 Jun 20	7	-20	13	0
31 Mar 20	8	-11	15	0
31 Dec 19	7	-20	15	0
30 Sep 19	7	-28	18	0
30 Jun 19	8	-32	22	0
31 Mar 19	8	-55	27	0
31 Dec 18	8	-58	26	0
30 Sep 18	6	-56	25	0
30 Jun 18	4	-55	17	0
31 Mar 18	1	-32	10	0
31 Dec 17	0	-16	7	0
30 Sep 17	0	-9	4	0
30 Jun 17	0	-5	5	0
31 Mar 17	0	-5	4	0
31 Dec 16	0	-3	4	0
30 Sep 16	0	-5	6	1
30 Jun 16	0	-5	6	1
31 Mar 16	0	-6	6	2
31 Dec 15	0	-9	7	2
30 Sep 15	0	-8	6	3
30 Jun 15	0	-9	6	3
31 Mar 15	0	-10	6	4
31 Dec 14	0	-10	7	4
30 Sep 14	0	-11	6	5
30 Jun 14	0	-12	6	5
31 Mar 14	0	-12	6	6
31 Dec 13	0	-12	6	7

Quality Earnings: RIOT has a high level of non-cash earnings.

Growing Profit Margin: RIOT became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RIOT has become profitable over the past 5 years, growing earnings by -19.2% per year.

Accelerating Growth: RIOT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RIOT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (14.4%).

Return on Equity

High ROE: RIOT's Return on Equity (0.5%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

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.