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Riot Platforms, Inc.

NasdaqCM:RIOT Stock Report

Market Cap: US$4.4b

Riot Platforms (RIOT) Stock Overview

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

RIOT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Revenue is forecast to grow 19.99% per year

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years


RIOT Community Fair Values

Create Narrative

See what 96 others think this stock is worth. Follow their fair value or set your own to get alerts.

RIOT logo
Riot Platforms
AN
AnalystConsensusTarget
Consensus Narrative from 15 Analysts

Leveraging Corsicana And Rockdale Facilities Will Open AI/HPC Opportunities

Key Takeaways Strategic focus on AI/HPC and increased Bitcoin mining capacity may enhance revenue predictability and improve net margins. Acquisition and financial maneuvers aim to boost Bitcoin holdings and engineering segment revenues, enhancing asset value and operational efficiency.
View narrative
US$13.20
FV
5.9% undervalued intrinsic discount
35.66%
Revenue growth p.a.
4users have liked this narrative
0users have commented on this narrative
93users have followed this narrative
3 days ago author updated this narrative
RIOT logo
Riot Platforms
AN
AnalystHighTarget
Consensus Narrative from 15 Analysts

Digital Assets And Renewables Will Drive Bitcoin Mining Expansion

Key Takeaways Strategic data center development and asset acquisitions position Riot to diversify revenues, enhance stability, and lower costs through operational efficiencies and recurring earnings. Focus on energy efficiency, vertical integration, and capital discipline strengthens Riot's competitive advantage and flexibility as the digital asset infrastructure market expands.
View narrative
US$21.98
FV
43.5% undervalued intrinsic discount
47.47%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
10 days ago author updated this narrative
RIOT logo
Riot Platforms
AN
AnalystLowTarget
Consensus Narrative from 15 Analysts

Bitcoin Volatility And Regulation Will Shake Margins Yet Kindle Resilience

Key Takeaways Exposure to bitcoin price swings and regulatory risks threatens revenue stability, despite operational improvements and strategic positioning in mining and infrastructure. Expansion into AI/HPC data centers offers future growth potential, but uncertain revenue realization and high capital demands pose near-term margin and financing challenges.
View narrative
US$11.00
FV
12.9% overvalued intrinsic discount
5.85%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
10 days ago author updated this narrative
View Riot Platforms Community

Riot Platforms, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Riot Platforms
Historical stock prices
Current Share PriceUS$12.42
52 Week HighUS$15.87
52 Week LowUS$6.19
Beta4.58
1 Month Change27.78%
3 Month Change77.18%
1 Year Change26.67%
3 Year Change122.98%
5 Year Change456.95%
Change since IPO-97.93%

Recent News & Updates

Riot Platforms, Inc. (NASDAQ:RIOT) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Jun 28
Riot Platforms, Inc. (NASDAQ:RIOT) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Recent updates

Riot Platforms, Inc. (NASDAQ:RIOT) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Jun 28
Riot Platforms, Inc. (NASDAQ:RIOT) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Riot Platforms, Inc.'s (NASDAQ:RIOT) 29% Jump Shows Its Popularity With Investors

May 09
Riot Platforms, Inc.'s (NASDAQ:RIOT) 29% Jump Shows Its Popularity With Investors

Is Riot Platforms (NASDAQ:RIOT) Using Too Much Debt?

Mar 26
Is Riot Platforms (NASDAQ:RIOT) Using Too Much Debt?

Riot Platforms' AI/HPC Ambitions Could Be Derailed Under A Bitcoin Collapse (Rating Downgrade)

Mar 06

Riot Platforms, Inc.'s (NASDAQ:RIOT) 26% Cheaper Price Remains In Tune With Revenues

Feb 25
Riot Platforms, Inc.'s (NASDAQ:RIOT) 26% Cheaper Price Remains In Tune With Revenues

Is Riot Platforms, Inc. (NASDAQ:RIOT) Trading At A 49% Discount?

Feb 13
Is Riot Platforms, Inc. (NASDAQ:RIOT) Trading At A 49% Discount?

Riot Platforms: The Bitcoin Miner Plans To Strike Gold

Jan 17

Investors Appear Satisfied With Riot Platforms, Inc.'s (NASDAQ:RIOT) Prospects As Shares Rocket 34%

Dec 01
Investors Appear Satisfied With Riot Platforms, Inc.'s (NASDAQ:RIOT) Prospects As Shares Rocket 34%

Health Check: How Prudently Does Riot Platforms (NASDAQ:RIOT) Use Debt?

Nov 28
Health Check: How Prudently Does Riot Platforms (NASDAQ:RIOT) Use Debt?
author-image

Empowering Bitcoin Growth Through Strategic Innovation And Cost Leadership

Riot's focus on expanding mining hardware and operational efficiency aims to boost Bitcoin production and lower costs, enhancing future revenue and margins.

Investors Appear Satisfied With Riot Platforms, Inc.'s (NASDAQ:RIOT) Prospects As Shares Rocket 28%

Oct 08
Investors Appear Satisfied With Riot Platforms, Inc.'s (NASDAQ:RIOT) Prospects As Shares Rocket 28%

Riot Platforms, Inc. (NASDAQ:RIOT) Stocks Pounded By 33% But Not Lagging Industry On Growth Or Pricing

Aug 21
Riot Platforms, Inc. (NASDAQ:RIOT) Stocks Pounded By 33% But Not Lagging Industry On Growth Or Pricing

Riot Platforms' (NASDAQ:RIOT) Shareholders Should Assess Earnings With Caution

Aug 07
Riot Platforms' (NASDAQ:RIOT) Shareholders Should Assess Earnings With Caution

A Look At The Fair Value Of Riot Platforms, Inc. (NASDAQ:RIOT)

Jul 16
A Look At The Fair Value Of Riot Platforms, Inc. (NASDAQ:RIOT)

What You Can Learn From Riot Platforms, Inc.'s (NASDAQ:RIOT) P/S

Jun 21
What You Can Learn From Riot Platforms, Inc.'s (NASDAQ:RIOT) P/S

Riot Platforms: Inefficient Post Halving

Apr 23

We're Not Very Worried About Riot Platforms' (NASDAQ:RIOT) Cash Burn Rate

Apr 10
We're Not Very Worried About Riot Platforms' (NASDAQ:RIOT) Cash Burn Rate

With A 28% Price Drop For Riot Platforms, Inc. (NASDAQ:RIOT) You'll Still Get What You Pay For

Mar 23
With A 28% Price Drop For Riot Platforms, Inc. (NASDAQ:RIOT) You'll Still Get What You Pay For

Why We're Not Concerned Yet About Riot Platforms, Inc.'s (NASDAQ:RIOT) 29% Share Price Plunge

Feb 03
Why We're Not Concerned Yet About Riot Platforms, Inc.'s (NASDAQ:RIOT) 29% Share Price Plunge

Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Jan 08
Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Riot Platforms, Inc. (NASDAQ:RIOT) Looks Just Right With A 49% Price Jump

Dec 18
Riot Platforms, Inc. (NASDAQ:RIOT) Looks Just Right With A 49% Price Jump

Is Riot Platforms, Inc. (NASDAQ:RIOT) Worth US$9.5 Based On Its Intrinsic Value?

Oct 29
Is Riot Platforms, Inc. (NASDAQ:RIOT) Worth US$9.5 Based On Its Intrinsic Value?

Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Sep 19
Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Shareholder Returns

RIOTUS SoftwareUS Market
7D2.1%-1.3%-0.5%
1Y26.7%19.3%11.7%

Return vs Industry: RIOT exceeded the US Software industry which returned 19.3% over the past year.

Return vs Market: RIOT exceeded the US Market which returned 11.7% over the past year.

Price Volatility

Is RIOT's price volatile compared to industry and market?
RIOT volatility
RIOT Average Weekly Movement10.3%
Software Industry Average Movement7.6%
Market Average Movement6.4%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: RIOT has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: RIOT's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000783Jason Leswww.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 capUS$4.44b
Earnings (TTM)-US$398.74m
Revenue (TTM)US$458.75m
9.7x
P/S Ratio
-11.1x
P/E 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)
RevenueUS$458.75m
Cost of RevenueUS$311.24m
Gross ProfitUS$147.51m
Other ExpensesUS$546.25m
Earnings-US$398.74m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-1.12
Gross Margin32.15%
Net Profit Margin-86.92%
Debt/Equity Ratio19.9%

How did RIOT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/13 08:46
End of Day Share Price 2025/07/11 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Martin TonerATB Capital Markets
Nicholas GilesB. Riley Securities, Inc.
Gregory LewisBTIG