Riot Platforms, Inc. (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. It operates in two segments, Bitcoin Mining and Engineering. The company offers comprehensive and critical infrastructure for bitcoin mining and data center services at its facilities. The company also designs and manufactures power distribution equipment and engineered-to-order electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale industrial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.

Ticker: RIOT
Exchange: Nasdaq
Sector: Financial Services
Industry: Capital Markets
Market cap: $6.27B
52-week range: $11.50 - $30.32

Valuation

Share price: $16.71 (close of Nov 6, 2026)
P/E (TTM): -4.09x
Price to book: 2.94x
Price to free cash flow: -6.96x
Enterprise value: $6.29B
Book value per share: $5.69

Price performance

Period	Change
1 day	+13.21%
5 days	+30.44%
1 month	-11.73%
3 months	-21.22%
6 months	-29.49%
Year to date	+31.89%
1 year	-3.63%
3 years	+51.77%
5 years	-46.94%
10 years	+593.36%
All time	+518.89%

Short interest

As of: Oct 15, 2026
Short % of float: 15.36%
Shares short: 53.61M
Days to cover: 3.03
Change since prior report: +11.19%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: -23.20%
Return on assets: -16.85%
Net margin: -102.43%
Revenue growth: 71.89%

Cash flow and balance sheet

Free cash flow yield (TTM): -14.38%
Current ratio: 3.49x
Net debt to EBITDA: -0.02x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $647.43M
Net income: -$663.18M
Earnings per share: $-1.95
Shares outstanding: 340.72M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$647.43M	-$663.18M	-$1.95
2024-12-31	$376.66M	$109.40M	$0.40
2023-12-31	$280.68M	-$49.47M	-$0.28
2022-12-31	$259.17M	-$509.55M	-$3.65
2021-12-31	$213.24M	-$15.44M	-$0.17
2020-12-31	$12.08M	-$14.11M	-$0.34
2019-12-31	$6.84M	-$20.04M	-$1.02
2018-12-31	$7.84M	-$58.01M	-$4.33
2017-12-31	$269.66K	-$19.85M	-$3.30
2016-12-31	$9.42K	-$4.27M	-$1.05

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	-102.43%	-23.20%
2024-12-31	29.05%	3.48%
2023-12-31	-17.63%	-2.62%
2022-12-31	-196.61%	-44.25%
2021-12-31	-7.24%	-1.14%
2020-12-31	-116.83%	-5.12%
2019-12-31	-293.10%	-76.38%
2018-12-31	-739.43%	-
2017-12-31	-7,359.67%	-39.99%
2016-12-31	-45,378.47%	-28.64%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$233.52M	$586.91M
2024-12-31	$277.86M	$584.31M
2023-12-31	$597.17M	$526.00K
2022-12-31	$230.33M	-
2021-12-31	$312.31M	-
2020-12-31	$223.38M	-
2019-12-31	$7.44M	-
2018-12-31	$225.00K	-
2017-12-31	$41.65M	-
2016-12-31	$13.04M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$774.31M	$125.71M
2024-12-31	-$495.39M	$125.20M
2023-12-31	-$160.62M	$32.17M
2022-12-31	-$147.88M	$24.55M
2021-12-31	-$233.20M	$68.49M
2020-12-31	-$10.99M	$3.41M
2019-12-31	-$20.37M	$745.00K
2018-12-31	-$39.25M	$4.66M
2017-12-31	-$4.44M	$2.59M
2016-12-31	-$5.56M	$545.55K

Dividend history

Most recent payment: Oct 12, 2017

Payment date	Dividend per share
2017-10-12	$1.00

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	-$0.34
2026-08-10	Jun 2026	-$0.39
2026-04-30	Mar 2026	-$0.33
2026-03-02	Dec 2025	-$0.22
2025-10-30	Sep 2025	-$0.19
2025-07-31	Jun 2025	-$0.19
2025-05-01	Mar 2025	-$0.25
2025-02-24	Dec 2024	-$0.27

Filings and sources

Company website: riotplatforms.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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