RIOT Stock Analysis: Riot Platforms | NASDAQ

Capital Markets | NASDAQ, USA | Market Cap: 8.361m USD | 12M Return: 83.3% | Charts, Fundamentals & Technical Analysis

Bitcoin Mining, Data Centers, Power Distribution, Electrical Equipment
Total Rating 42
Safety 35
Buy Signal -0.32
Capital Markets
Industry Rotation: +2.8
Market Cap: 8.36B
Avg Turnover: 411M
Risk 3d forecast
Volatility91.7%
VaR 5th Pctl15.7%
VaR vs Median3.96%
Reward TTM
Sharpe Ratio1.09
Rel. Str. IBD87.6
Rel. Str. Peer Group76.4
Character TTM
Beta3.615
Beta Downside3.577
Hurst Exponent0.517
Drawdowns 3y
Max DD69.00%
CAGR/Max DD0.10
CAGR/Mean DD0.17
EPS (Earnings per Share) EPS (Earnings per Share) of RIOT over the last years for every Quarter: "2021-06": 0.08, "2021-09": -0.14, "2021-12": -0.21, "2022-03": -0.05, "2022-06": -0.65, "2022-09": -0.16, "2022-12": -0.34, "2023-03": -0.33, "2023-06": -0.24, "2023-09": -0.24, "2023-12": 0.45, "2024-03": 0.72, "2024-06": -0.42, "2024-09": -0.2, "2024-12": 0.44, "2025-03": -0.9, "2025-06": 0.57, "2025-09": 0.19, "2025-12": -1.8839, "2026-03": -0.35,
Last SUE: -0.08
Qual. Beats: 0
Revenue Revenue of RIOT over the last years for every Quarter: 2021-06: 34.348, 2021-09: 64.808, 2021-12: 90.89, 2022-03: 79.787, 2022-06: 72.947, 2022-09: 46.29, 2022-12: 60.147, 2023-03: 73.236, 2023-06: 76.739, 2023-09: 51.891, 2023-12: 78.812, 2024-03: 79.296, 2024-06: 70.018, 2024-09: 84.786, 2024-12: 142.558, 2025-03: 161.387, 2025-06: 152.988, 2025-09: 180.229, 2025-12: 152.831, 2026-03: 167.219,
Rev. CAGR: 50.05%
Rev. Trend: 96.1%
Last SUE: 4.00
Qual. Beats: 1

Warnings

Below Avwap Earnings

Tailwinds

Rs Leader

Seasonality 10.5 years of data

Jan +8.7% 2
Feb +1.2% 16
Mar -9.8% 15
Apr +3.5% 13
May +0.1% 2
Jun -0.3% 15
Jul +11.5% 12
Aug -2.6% 12
Sep -0.1% 8
Oct +0.4% 8
Nov +17.4% 10
Dec -13.2% 13

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: RIOT Riot Platforms

Riot Platforms, Inc. (NASDAQ: RIOT) is a U.S.-based Bitcoin mining company that operates through two business segments: Bitcoin Mining and Engineering. The companys mining operations provide critical infrastructure and data center services to support bitcoin mining activities, while its Engineering segment designs and manufactures power distribution equipment, engineered-to-order electrical products, and provides electricity distribution design, manufacturing, and installation services. Its engineering customers span large-scale industrial, governmental, data center, power generation, utility, water, industrial, and alternative energy markets.

Founded in 2000 and headquartered in Castle Rock, Colorado, Riot is listed as a large-cap stock and went public via IPO on January 24, 2003. While the company describes its primary operations as bitcoin mining and power/electrical engineering services, it is classified under the GICS Information Technology sector and Systems Software sub-industry. Riots diversified engineering business is relatively uncommon among publicly traded crypto miners, which typically focus solely on hash-rate expansion and digital asset production, giving the company a secondary revenue stream tied to traditional infrastructure demand rather than cryptocurrency prices alone.

Headlines to Watch Out For
  • Bitcoin price recovery drives mining revenue growth
  • Power cost efficiency expands operating margins
  • AI data center pivot diversifies revenue beyond mining
Piotroski VR-10 (Strict) 1.0
Net Income: -867.3m TTM > 0 and > 6% of Revenue
FCF/TA: -0.30 > 0.02 and ΔFCF/TA 8.49 > 1.0
NWC/Revenue: 5.10% < 20% (prev 67.63%; Δ -62.53% < -1%)
CFO/TA -0.18 > 3% & CFO -633.5m > Net Income -867.3m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.08 > 1.5 & < 3
Outstanding Shares: last quarter (347.6m) vs 12m ago 5.50% < -2%
Gross Margin: -23.77% > 18% (prev 15.17%; Δ -38.94% > 0.5%)
Asset Turnover: 18.26% > 50% (prev 12.34%; Δ 5.92% > 0%)
Interest Coverage Ratio: -18.76 > 6 (EBIT TTM -458.8m / Interest Expense TTM 24.5m)
Altman Z'' -0.15
A: 0.01 (Total Current Assets 462.7m - Total Current Liabilities 429.3m) / Total Assets 3.44b
B: -0.54 (Retained Earnings -1.85b / Total Assets 3.44b)
C: -0.13 (EBIT TTM -458.8m / Avg Total Assets 3.58b)
D: 2.30 (Book Value of Equity 2.39b / Total Liabilities 1.04b)
Altman-Z'' = -0.15 = B
Beneish M -1.98
DSRI: 2.03 (Receivables 80.7m/27.9m, Revenue 653.3m/458.7m)
GMI: 1.00 (fallback, negative margins)
AQI: 0.84 (AQ_t 0.44 / AQ_t-1 0.52)
SGI: 1.42 (Revenue 653.3m / 458.7m)
TATA: -0.07 (NI -867.3m - CFO -633.5m) / TA 3.44b)
Beneish M = -1.98 (Cap -4..+1) = B
What is the price of RIOT shares?

As of July 08, 2026, the stock is trading at USD 21.17 with a total of 12,651,368 shares traded. Over the past week, the price has changed by -23.71%, over one month by -17.59%, over three months by +49.19% and over the past year by +83.29%.

Current recommended Stop Loss: 16.30 (which is 23% or 2.2 ATR below the current price).

Is RIOT a buy, sell or hold?

Riot Platforms has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy RIOT.

  • StrongBuy: 9
  • Buy: 6
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the RIOT price?
Analysts Target Price 29.2 37.7%
Riot Platforms (RIOT) - Fundamental Data Overview as of 05 July 2026
Market Cap USD = 8.36b (8.36b USD * 1.0 USD.USD)
P/E Forward = 37.594
P/S = 12.7986
P/B = 3.4898
Revenue TTM = 653.3m USD
EBIT TTM = -458.8m USD
EBITDA TTM = -92.2m USD
Long Term Debt = 587.7m USD (from longTermDebt, last quarter)
Short Term Debt = 263.6m USD (from shortTermDebt, last quarter)
Debt = 912.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 35.0m
Net Debt = 706.5m USD (calculated: Debt 912.2m - CCE 205.7m)
Enterprise Value = 9.07b USD (8.36b + Debt 912.2m - CCE 205.7m)
Interest Coverage Ratio = -18.76 (Ebit TTM -458.8m / Interest Expense TTM 24.5m)
EV/FCF = -8.86x (Enterprise Value 9.07b / FCF TTM -1.02b)
FCF Yield = -11.29% (FCF TTM -1.02b / Enterprise Value 9.07b)
 FCF Margin = -156.7% (FCF TTM -1.02b / Revenue TTM 653.3m)
 Net Margin = -132.8% (Net Income TTM -867.3m / Revenue TTM 653.3m)
Gross Margin = -23.77% ((Revenue TTM 653.3m - Cost of Revenue TTM 808.6m) / Revenue TTM)
Gross Margin QoQ = -39.58% (prev -36.45%)
Tobins Q-Ratio = 2.64 (Enterprise Value 9.07b / Total Assets 3.44b)
Interest Expense / Debt = 2.68% (Interest Expense 24.5m / Debt 912.2m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -362.5m (EBIT -458.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.08 (Total Current Assets 462.7m / Total Current Liabilities 429.3m)
Debt / Equity = 0.38 (Debt 912.2m / totalStockholderEquity, last quarter 2.39b)
 Debt / EBITDA = -7.66 (negative EBITDA) (Net Debt 706.5m / EBITDA -92.2m)
 Debt / FCF = -0.69 (negative FCF - burning cash) (Net Debt 706.5m / FCF TTM -1.02b)
 Total Stockholder Equity = 3.01b (last 4 quarters mean from totalStockholderEquity)
RoA = -24.24% (Net Income -867.3m / Total Assets 3.44b)
RoE = -28.78% (Net Income TTM -867.3m / Total Stockholder Equity 3.01b)
RoCE = -12.74% (EBIT -458.8m / Capital Employed (Equity 3.01b + L.T.Debt 587.7m))
 RoIC = -11.19% (negative operating profit) (NOPAT -362.5m / Invested Capital 3.24b)
 WACC = 17.07% (E(8.36b)/V(9.27b) * Re(18.70%) + D(912.2m)/V(9.27b) * Rd(2.68%) * (1-Tc(0.21)))
Discount Rate = 18.70% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 82.22 | Cagr: 35.73%
 [DCF] Fair Price = unknown (Cash Flow -1.02b)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.08 | # QB: 0
Revenue Correlation: 96.07 | Revenue CAGR: 50.05% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-0.23 | Chg30d=+0.00% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.18 | Chg30d=+0.00% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=-1.09 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+20.9% | GrowthRev=+2.5%
EPS next Year (2027-12-31): EPS=-0.59 | Chg30d=+4.05% | Revisions=-25% | GrowthEPS=+45.8% | GrowthRev=+20.5%
[Analyst] Revisions Ratio: -25% (up=0, down=1)