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Riot Platforms NasdaqCM:RIOT Stock Report

Last Price

US$11.55

Market Cap

US$3.8b

7D

-11.1%

1Y

-35.0%

Updated

22 Dec, 2024

Data

Company Financials +

Riot Platforms, Inc.

NasdaqCM:RIOT Stock Report

Market Cap: US$3.8b

RIOT Stock Overview

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

RIOT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance2/6
Financial Health3/6
Dividends0/6

Rewards

Earnings are forecast to grow 14.36% per year

Became profitable this year

Risk Analysis

Shareholders have been substantially diluted in the past year

High level of non-cash earnings

Volatile share price over the past 3 months compared to the US market


My Notes

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Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 15 Analysts

Corsicana Development Will Expand Bitcoin Mining Capacity By 2026

Key Takeaways Growing hash rate capacity and strategic investments in miners are expected to enhance Bitcoin production, improving revenue and net margins. Low power costs and a strong balance sheet enable Riot to capitalize on expansion opportunities, potentially boosting future revenue and earnings.
View narrative
US$17.90
FV
35.5% undervalued intrinsic discount
54.49%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
11users have followed this narrative
3 days ago author updated this narrative

Riot Platforms, Inc. Competitors

Blackbaud

NasdaqGS:BLKB

US$3.8b

BlackLine

NasdaqGS:BL

US$3.9b

Agilysys

NasdaqGS:AGYS

US$3.7b

RingCentral

NYSE:RNG

US$3.4b

Price History & Performance

Summary of share price highs, lows and changes for Riot Platforms
Historical stock prices
Current Share PriceUS$11.55
52 Week HighUS$18.75
52 Week LowUS$6.36
Beta4.18
1 Month Change-6.17%
3 Month Change57.57%
1 Year Change-35.04%
3 Year Change-55.01%
5 Year Change846.72%
Change since IPO-98.08%

Recent News & Updates

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?

Recent updates

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?

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

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

Jun 05
Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Riot Platforms, Inc. (NASDAQ:RIOT) Looks Just Right With A 66% Price Jump

Apr 17
Riot Platforms, Inc. (NASDAQ:RIOT) Looks Just Right With A 66% Price Jump

Shareholder Returns

RIOTUS SoftwareUS Market
7D-11.1%-2.2%-2.4%
1Y-35.0%21.9%23.3%

Return vs Industry: RIOT underperformed the US Software industry which returned 21.9% over the past year.

Return vs Market: RIOT underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is RIOT's price volatile compared to industry and market?
RIOT volatility
RIOT Average Weekly Movement14.9%
Software Industry Average Movement7.9%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

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

Volatility Over Time: RIOT's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
1998534Jason Leswww.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 capUS$3.84b
Earnings (TTM)US$12.41m
Revenue (TTM)US$312.91m

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)
RevenueUS$312.91m
Cost of RevenueUS$237.15m
Gross ProfitUS$75.76m
Other ExpensesUS$63.35m
EarningsUS$12.41m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.037
Gross Margin24.21%
Net Profit Margin3.97%
Debt/Equity Ratio0.2%

How did RIOT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:29
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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.

AnalystInstitution
Raghuram SelvarajuAegis Capital Corporation
Martin TonerATB Capital Markets
Lucas PipesB. Riley Securities, Inc.