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RIOT US​

Riot Platforms, Inc.(RIOT US)

$12.53-0.362.79%Ext:$12.56+0.030.24%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Riot Platforms, Inc. — Company Profile

Riot Platforms, Inc., along with its associated companies, primarily operates as a Bitcoin mining enterprise within the United States. The firm's activities are divided into two main areas: Bitcoin Mining and Engineering. It develops and manages essential infrastructure for large-scale Bitcoin mining operations at sites in Rockdale and Navarro counties, Texas, as well as two facilities in Paducah, Kentucky. Beyond its mining endeavors, the company's Engineering division designs and manufactures specialized power distribution equipment and custom-engineered electrical solutions. This segment also provides comprehensive services for the design, production, and installation of electricity distribution products to a diverse client base, including major commercial organizations, government agencies, and customers in the data center, power generation, utility, water, industrial, and renewable energy sectors. Established in the year 2000, Riot Platforms is headquartered in Castle Rock, Colorado.

Sector
Financial Services
Industry
Financial - Capital Markets
Exchange
UQ
CEO
Jason Les
Headquarters
Castle Rock, CO, US
IPO Date
Mar 31, 2016
Employees
816
Website
www.riotplatforms.com

Key Metrics

Price
$19.73
Market Cap
$7.46B
Revenue (TTM)
$167.22M
Net Income (TTM)
$-500477000.00
EPS (TTM)
-1.44
P/E (TTM)
-8.60
P/B (TTM)
3.12
Dividend Yield
12.20%
ROE (TTM)
-20.90%
ROA (TTM)
-14.56%
Operating Margin
-85.14%
Beta
2.62

Dividends

Last Dividend
$1.00
Last Yield
0.12%

Summary

Riot Platforms, Inc., along with its associated companies, primarily operates as a Bitcoin mining enterprise within the United States. The firm's activities are divided into two main areas: Bitcoin Mining and Engineering. It develops and manages essential infrastructure for large-scale Bitcoin mining operations at sites in Rockdale and Navarro counties, Texas, as well as two facilities in Paducah, Kentucky. Beyond its mining endeavors, the company's Engineering division designs and manufactures specialized power distribution equipment and custom-engineered electrical solutions. This segment also provides comprehensive services for the design, production, and installation of electricity distribution products to a diverse client base, including major commercial organizations, government agencies, and customers in the data center, power generation, utility, water, industrial, and renewable energy sectors. Established in the year 2000, Riot Platforms is headquartered in Castle Rock, Colorado.

Website
www.riotplatforms.com
Location
Castle Rock, CO, US
Phone303 794 2000
Employees816
CEOJason Les
SectorFinancial Services
IndustryFinancial - Capital Markets
IPO DateMar 31, 2016

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Latest Documents

SEC Filings(1.6K)

Expand
  • 8-KEntry into a Material Definitive Agreement14 Oct
  • 8-KAmendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics7 Oct
  • 8-KTermination of a Material Definitive Agreement25 Sep
  • 4Howell Stephen Mitchell Jr.14 Aug
  • 8-KEntry into a Material Definitive Agreement14 Aug
  • 10-QQ2ended 30 Jun 202610 Aug
  • 8-K​​​​​​​​​​​​​​​Three Months Ended​Six Months Ended​​June 30,​June 30,​​ ​ ​2026​ ​ ​2025​ ​ ​2026​ ​ ​2025Net income (loss)​$(237,170)​$219,454​$(737,647)​$(76,913)Interest income​(3,623)​(3,334)​(5,936)​(6,731)Interest expense​​2,687​​6,093​​5,305​​8,401Income tax expense (benefit)​(105)​320​186​757Depreciation and amortization​97,784​83,197​195,518​161,123EBITDA​(140,427)​305,730​(542,574)​86,637​​​​​​​​​Adjustments:​​​​​​​​Stock-based compensation expense​35,582​30,120​74,748​59,696Acquisition-related costs​—​111​—​187Change in fair value of derivatives​8,362​42,747​60,214​853Change in fair value of contingent consideration​—​(9,390)​—​(17,642)Loss (gain) on equity method investment - marketable securities​​—​​(6,143)​​—​​57,095Loss (gain) on sale of equipment​—​350​—​479Casualty-related charges (recoveries), net​​3​​(119)​​3​​(119)Loss on contract settlement​​—​​158,137​​—​​158,137Gain on acquisition post-close dispute settlement​​—​​(26,007)​​—​​(26,007)Impairment of property and equipment​​27,972​​—​​27,972​​—Other (income) expense​(1,221)​(244)​(1,209)​(337)Amortization of license fee revenue​—​(24)​—​(24)Adjusted EBITDA​$(69,729)​$495,268​$(380,846)​$318,95510 Aug
  • 4Werner Ryan D.7 Aug
  • SC 13G/ARiot Platforms, Inc.6 Aug
  • 4Werner Ryan D.4 Aug
  • 4Howell Stephen Mitchell Jr.4 Aug
  • 4Les Jason4 Aug
  • 4Werner Ryan D.9 Jul
  • 4Leverton Jaime6 Jul
  • 4Mouton Douglas6 Jul
  • 4D'Ambrosio Lance Varro6 Jul
  • 4Turner Michael John6 Jul
  • 4Yee Colin M.6 Jul
  • 4Werner Ryan D.6 Jul
  • 4Les Jason6 Jul

News

  • BlockchAIn Digital Infrastructure Unveils $1B+ Nebius Data Center Lease Strategy02:02AM
  • Riot Announces Third Quarter 2026 Earnings Conference Call20 Oct
  • Riot Platforms, Inc. (RIOT) Beats Stock Market Upswing: What Investors Need to Know19 Oct
  • Bitcoin Mining Just Got 6% Harder While BTC Fell. Could Miners Start Selling?19 Oct
  • Wall Street Bulls Look Optimistic About Riot Platforms, Inc. (RIOT): Should You Buy?16 Oct
  • Riot Platforms, Inc. (RIOT) Rises As Market Takes a Dip: Key Facts13 Oct
  • Bitcoin Slide Meets 5.7% Bond Yields: Neoclouds Get Hit From Both Sides8 Oct
  • BlockchAIn Digital Infrastructure Says Nebius Prepayment Funds $800M Data Center Build8 Oct
  • Strategy Lost More Than 50% of Its Value Last Year: It Will Return 180% According to One Wall Street Pro8 Oct
  • Riot Platforms Shouldn't Be Worth More Than Cipher Digital8 Oct
  • Riot Platforms, Inc. (RIOT) Registers a Bigger Fall Than the Market: Important Facts to Note7 Oct
  • Historically Bullish Trendline Captures RIOT's Latest Pullback6 Oct
  • Historically Bullish Trendline Captures RIOT's Latest Pullback6 Oct
  • Historically Bullish Trendline Captures RIOT's Latest Pullback6 Oct
  • Riot Platforms: Hedging Rising Bitcoin And Rising Power Prices1 Oct
  • Riot Platforms, Inc. (RIOT) Stock Dips While Market Gains: Key Facts1 Oct
  • Crypto ETFs: Resilience Defines a Changing Market1 Oct
  • IREN vs. Riot Platforms: Which Bitcoin-to-AI Stock Looks Stronger Now?28 Sep
  • Riot Platforms, Inc. (RIOT) Stock Dips While Market Gains: Key Facts25 Sep
  • Top Performing Leveraged/Inverse ETFs: 09/20/202624 Sep

Mentions in Filings

  • … 020 he was Chief Technology Officer of BlueVoyant, where he managed global cybersecurity operations and directed a $45 million budget. Mr. Ensey served as Chief Operating Officer of Riot Blockchain, Inc. (now known as <strong>Riot Platforms</strong>, Inc., Nasdaq: RIOT) from January 2018 to September 2018 and as its Interim Chief Executive Officer from September 2018 to February 2019, and previously served as a senior officer of Dunbar Security Solutions from Sep …
    SOAR AI, Inc.Riot Platforms, Inc.·PRE 14A - Preliminary proxy statement·Q4 26·23 Oct
  • •Eight Tier 1 data center companies (Bitfarms Ltd, Bitdeer, CleanSpark Inc., HIVE Digital, IREN Limited, <strong>Riot Platforms, Inc.</strong>, and WhiteFiber Inc.) that, as of the Analysis Date, operated large-scale infrastructure with business models historically similar to Blockfusion, primarily focused on Bitcoin mining and related services, with limited HPC capabilities and no publicly-announced long-term agreements with HPC/AI clients (“HPC DCs without Leas …
    Blue Acquisition Corp/CaymanRiot Platforms, Inc.·DEFM14A - Definitive proxy statement (merger)·Q4 26·23 Oct
  • 6 • CleanSpark, Inc. • <strong>Riot Platforms</strong>, Inc, • Bitdeer Technologies Group • BitFuFu, Inc. • Bitfarms Ltd • HIVE Digital Technologies Ltd. • TeraWulf, Inc. • Ionic Digital Inc. Human Capital Our employees and talent are critical to our success. As of December 31, 2025, we had 33 full-time employees. Our employees utilize software and technology to run and optimize our operations and digital infrastructure. We also use contractors where pr …
    Big Digital Energy, Inc.Riot Platforms, Inc.·ARS - Annual report to security holders·FY25·23 Oct
  • … access to capital, power procurement, facility development, operating scale, and vendor relationships. Examples of companies that may compete with us for capital, power, hosting capacity, hardware supply, and acquisition opportunities include (among others): Argo Blockchain; Bit Digital; Bitfarms; CleanSpark; Cipher Mining; Core Scientific; Hive; Hut 8; Iris Energy; Marathon Digital; Northern Data; <strong>Riot Platforms</strong>; Digi Power X; and TeraWulf. -9-
    Datacentrex, Inc.Riot Platforms, Inc.·ARS - Annual report to security holders·FY25·15 Oct
  • … , Mr. Ensey managed global cybersecurity operations, directed a $45 million budget, and successfully reduced annual cloud expenditures. Mr. Ensey also served as Chief Operating Officer of Riot Blockchain, Inc. (now <strong>Riot Platforms, Inc.</strong>) (NASDAQ: RIOT) from January 2018 to September 2018, and as Interim Chief Executive Officer from September 2018 to February 2019. Mr. Ensey’s educational background includes degrees and certifications relevant to t …
    Datacentrex, Inc.Riot Platforms, Inc.·DEF 14A - Definitive proxy statement·Q4 26·15 Oct
  • … up includes the following companies: Bitdeer Technologies, Cipher Digital (formerly known as Cipher Mining), CleanSpark, CoreWeave, Hut 8, Keel Infrastructure (formerly known as Bitfarms), MARA Holdings, Nebius Group, <strong>Riot Platforms</strong>, and TeraWulf. Before 2026, the Peer Group included the following companies: Bitdeer Technologies, Cipher Digital, CleanSpark, Hut 8, Keel Infrastructure, MARA Holdings, and Riot Platforms. The prior peer group indexe …
    IREN LtdRiot Platforms, Inc.·DEF 14A - Definitive proxy statement·Q2 27·13 Oct

Key Stats

Trading

Px/Chg 1D$19.73 / +0.61%
Avg Volume17.61M
Beta2.62
Mkt Cap7.46B
FD Mkt Cap6.92B

Float

Shrs Out/Float378.15M / 348.77M
Short Float0.16%
Days to Cover3.43
Stock Repurchased$2.02M

Current Valuation

EV8.13B
EV/EBITDA-88.20
EV/Sales12.45
P/B3.12
P/S11.42
FCF Yield-4.00%
ROE-20.90%
ROA-14.56%
Current Ratio1.08

Dividend

Cash$1.00
Yield12.20%
Yield (TTM)12.20%

Estimates

P/E-8.60
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-8.83-3.13-35.7718.26-8.60-14.91
Price / Sales20.256.156.305.3038.8544.62
Price / Book Value1.631.390.940.642.083.12
Price / Free Cash Flow-13.40-4.53-4.53-1.31-31.59-25.03
ENTERPRISE VALUE METRICS
Enterprise Value3,923.51,387.01,193.72,333.46,571.08,132.4
Enterprise Value / Sales21.495.354.256.1943.0048.63
Enterprise Value / EBITDA-159.41-3.37-428.467.20-190.25-182.19
Enterprise Value / EBIT-18.30-2.67-4.6820.81-47.86-57.12

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue32%213.2259.2280.7376.7647.4
Gross Income—131.265.526.3113.9-101.3
EBITDA—11.4-412.0-2.8324.2-53.2
EBIT127.7%-14.9-520.0-255.1112.1-400.0
Net Income156%-15.4-509.6-49.5109.4-663.2
EPS (Diluted)119%-0.08-3.65-0.280.34-1.95
BALANCE SHEET
Cash & ST Inv-16.2%473.7339.7908.3412.1233.5
Total Assets26.8%1,522.01,320.02,051.13,935.33,936.8
Total Liabilities57.9%173.6168.5163.1791.61,078.4
Total Shareholder Equity20.7%1,348.41,151.41,888.03,143.72,858.4
CASH FLOW
Net Operating Cash Flow60.5%-86.40.533.1-255.1-572.9
Cap Ex-16.9%-422.0-352.9-424.1-1,267.5-201.4
Free Cash Flow11.1%-508.4-352.3-391.1-1,522.6-774.3

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)12.55
Basic Shares378.15
Market Cap4,745.8
Diluted Shares347.62
Fully Diluted Shares Outstanding347.62
Fully Diluted Market Cap4,362.7
+Consolidated Debt877.2
−In-the-Money Convertible Debt—
+Capital Leases26.0
+Operating Leases—
−Cash & Equivalents-205.7
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value5,417.3

Segment data

Revenue

by Products and services

  • Bitcoin Mining Segment86%
  • Engineering Segment14%

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