(RIOT) Riot Blockchain - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 8.883m USD | Total Return: 173.9% in 12m
Avg Turnover: 370M
Qual. Beats: 0
Rev. Trend: 96.1%
Qual. Beats: 1
Warnings
Volatile
Tailwinds
Leader, Confidence
Riot Platforms, Inc. is a vertically integrated Bitcoin mining and digital infrastructure company based in Castle Rock, Colorado. The company operates through two primary segments: Bitcoin Mining and Engineering. Its business model relies on large-scale data center operations and the manufacturing of proprietary electrical equipment to support high-density computing environments.
The company differentiates itself by maintaining internal control over its power distribution supply chain. Beyond mining operations, Riot designs and installs engineered-to-order electrical products for industrial, utility, and governmental clients. This vertical integration is a strategic response to the high energy demands and infrastructure bottlenecks inherent in the proof-of-work mining sector.
Bitcoin miners typically face high operational sensitivity to energy costs and the four-year halving cycles that reduce block rewards. Investors may find ValueRay useful for evaluating how these sectoral shifts impact specific equity valuations. For further insight into the companys long-term infrastructure projects, additional filings are available via the SEC EDGAR database.
- Bitcoin price volatility directly dictates mining revenue and asset valuation
- Operational hashrate expansion targets drive market share and investor sentiment
- Electricity costs and power curtailment credits impact net mining margins
- Bitcoin halving events reduce block rewards and increase production costs
- Engineering segment growth diversifies revenue beyond volatile cryptocurrency mining cycles
| 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 0.15%; Δ -2.39k% > 0.5%) |
| Asset Turnover: 18.26% > 50% (prev 12.34%; Δ 5.92% > 0%) |
| Interest Coverage Ratio: -18.76 > 6 (EBITDA TTM -92.2m / Interest Expense TTM 24.5m) |
| 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 |
| DSRI: 1.67 (Receivables 66.6m/27.9m, Revenue 653.3m/458.7m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.76 (AQ_t 0.39 / 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 = -2.38 (Cap -4..+1) = BBB |
As of May 24, 2026, the stock is trading at USD 24.47 with a total of 13,476,612 shares traded.
Over the past week, the price has changed by +4.26%,
over one month by +32.52%,
over three months by +56.49% and
over the past year by +173.94%.
Riot Blockchain 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
| Analysts Target Price | 24.9 | 1.8% |
P/S = 13.2125
P/B = 3.8041
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 = 886.2m USD (corrected: LT Debt 587.7m + ST Debt 263.6m) + Leases 35.0m
Net Debt = 680.6m USD (calculated: Debt 886.2m - CCE 205.7m)
Enterprise Value = 9.56b USD (8.88b + Debt 886.2m - CCE 205.7m)
Interest Coverage Ratio = -18.76 (Ebit TTM -458.8m / Interest Expense TTM 24.5m)
EV/FCF = -9.34x (Enterprise Value 9.56b / FCF TTM -1.02b)
FCF Yield = -10.70% (FCF TTM -1.02b / Enterprise Value 9.56b)
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 = 2.78 (Enterprise Value 9.56b / Total Assets 3.44b)
Interest Expense / Debt = 2.76% (Interest Expense 24.5m / Debt 886.2m)
Taxrate = 21.0% (US 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 = 0.37 (Debt 886.2m / totalStockholderEquity, last quarter 2.39b)
Debt / EBITDA = -7.38 (negative EBITDA) (Net Debt 680.6m / EBITDA -92.2m)
Debt / FCF = -0.66 (negative FCF - burning cash) (Net Debt 680.6m / 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 = -17.82% (Net Income TTM -867.3m / Total Stockholder Equity 4.87b)
RoCE = -8.41% (EBIT -458.8m / Capital Employed (Equity 4.87b + L.T.Debt 587.7m))
RoIC = -11.82% (negative operating profit) (NOPAT -362.5m / Invested Capital 3.07b)
WACC = 17.14% (E(8.88b)/V(9.77b) * Re(18.63%) + D(886.2m)/V(9.77b) * Rd(2.76%) * (1-Tc(0.21)))
Discount Rate = 18.63% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 77.78 | Cagr: 19.96%
[DCF] Fair Price = unknown (Cash Flow -1.02b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.07 | # 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=+35.46% | Revisions=N/A | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.18 | Chg30d=+47.97% | Revisions=N/A | Analysts=3
EPS current Year (2026-12-31): EPS=-1.09 | Chg30d=-36.44% | Revisions=-20% | GrowthEPS=+20.9% | GrowthRev=+1.3%
EPS next Year (2027-12-31): EPS=-0.62 | Chg30d=-82.07% | Revisions=-20% | GrowthEPS=+43.6% | GrowthRev=+26.8%
[Analyst] Revisions Ratio: -20%