NASDAQ · RIOT
Riot Platforms, Inc.
Financial Services · Financial - Capital Markets
$23.75▲ 8.55% ($1.87)at close
After hours$23.71▼ 0.17%7:54 PM ET
Market cap
$8.98B
P/E
-6.45
EPS (TTM)
-$3.81
Next earnings
Oct 29, 2026
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 35.64% over the last year. Revenue grew 24.51% over the trailing twelve months. Operating margin moved from -21.05% to -89.12%. Free cash flow grew 40.31% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 0th percentile of their historical P/E range.
What would invalidate this read
Operating margin is at -89.12%. Revenue grew 24.51% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Performance
Return analysis
Company profile
Riot Platforms, Inc., along with its associated companies, primarily operates as a Bitcoin mining enterprise within the United States.
Market multiples
Stock splits
Every 8 shares became 1
Every 6 shares became 1
Every 5 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
18
Buy
1
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 29, 2026
Q4 FY26 · EPS est -$0.33 · Revenue est $158.71M
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