RIOT Stock - Riot Platforms, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $376.66M | $280.68M | $259.17M | $213.24M | $12.08M |
| Gross Profit | $113.90M | $26.34M | $65.47M | $131.15M | $5.83M |
| Gross Margin | 30.2% | 9.4% | 25.3% | 61.5% | 48.3% |
| Operating Income | $153.59M | $-63,047,000 | $-512,701,000 | $-29,870,000 | $-15,544,000 |
| Net Income | $109.40M | $-49,472,000 | $-509,553,000 | $-15,437,000 | $-14,114,000 |
| Net Margin | 29.0% | -17.6% | -196.6% | -7.2% | -116.8% |
| EPS | $0.40 | $-0.28 | $-3.65 | $-0.08 | $-0.30 |
Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. The company operates in two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities in Rockdale and Navarro counties, Texas; and two Bitcoin mining sites in Paducah, Kentucky. The company also designs and manufactures power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale commercial 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 19th 2025 | Citizens JMP | Initiation | Mkt Outperform | $25 |
| September 26th 2025 | JP Morgan | Upgrade | Overweight | $19 |
| September 26th 2025 | Citigroup | Upgrade | Buy | $24 |
| September 24th 2025 | Arete | Initiation | Buy | $26 |
| September 15th 2025 | Compass Point | Resumed | Buy | - |
| August 6th 2025 | Citigroup | Initiation | Neutral | $13.75 |
| July 28th 2025 | JP Morgan | Downgrade | Neutral | $15 |
| January 8th 2025 | Keefe Bruyette | Initiation | Outperform | - |
| December 17th 2024 | Piper Sandler | Initiation | Overweight | $23 |
| September 25th 2024 | Macquarie | Initiation | Outperform | $15 |
| July 24th 2024 | Needham | Reiterated | Buy | $13← $15 |
| December 8th 2023 | JP Morgan | Upgrade | Neutral | $12← $8 |
| October 31st 2023 | Bernstein | Initiation | Outperform | $15.6 |
| October 11th 2023 | JP Morgan | Initiation | Underweight | $6.5 |
| February 21st 2023 | Needham | Initiation | Buy | $9 |
Earnings History & Surprises
RIOTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 23, 2026 | $-0.12 | — | — | — |
Q4 2025 | Oct 30, 2025 | $-0.19 | $0.26 | +236.8% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $-0.19 | $0.57 | +400.0% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $-0.25 | $-0.90 | -260.0% | ✗ MISS |
Q1 2025 | Feb 24, 2025 | $-0.27 | $0.44 | +263.0% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $-0.16 | $-0.54 | -237.5% | ✗ MISS |
Q3 2024 | Jul 31, 2024 | $-0.16 | $-0.32 | -100.0% | ✗ MISS |
Q2 2024 | May 1, 2024 | $-0.14 | $0.81 | +678.6% | ✓ BEAT |
Q1 2024 | Feb 22, 2024 | $-0.29 | $0.48 | +265.5% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $-0.29 | $-0.25 | +13.8% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $-0.24 | $-0.17 | +29.2% | ✓ BEAT |
Q2 2023 | May 10, 2023 | $-0.17 | $0.04 | +123.5% | ✓ BEAT |
Q1 2023 | Mar 2, 2023 | $-0.14 | $-0.07 | +50.0% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $-0.02 | $-0.24 | -882.0% | ✗ MISS |
Q3 2022 | Aug 15, 2022 | $0.08 | $-0.50 | -725.0% | ✗ MISS |
Q2 2022 | May 10, 2022 | $-0.11 | $0.07 | +163.6% | ✓ BEAT |
Q1 2022 | Mar 16, 2022 | $0.12 | $-0.26 | -316.7% | ✗ MISS |
Q4 2021 | Nov 15, 2021 | $0.41 | $0.26 | -36.6% | ✗ MISS |
Q3 2021 | Aug 23, 2021 | $0.05 | $0.13 | +160.0% | ✓ BEAT |
Latest News
Riot Platforms Produces 428 BTC In November, Sells 383 For $37M
➖ NeutralJP Morgan Maintains Overweight on Riot Platforms, Raises Price Target to $20
📈 PositiveJP Morgan Maintains Overweight on Riot Platforms, Lowers Price Target to $17
➖ NeutralCitizens Initiates Coverage On Riot Platforms with Market Outperform Rating, Announces Price Target of $25
📈 PositiveCantor Fitzgerald Maintains Overweight on Riot Platforms, Lowers Price Target to $25
➖ NeutralRiot Platforms Produces 437 BTC In October, Sells 465 For $46M
➖ NeutralBernstein Maintains Outperform on Riot Platforms, Raises Price Target to $25
📈 PositivePiper Sandler Reiterates Overweight on Riot Platforms, Raises Price Target to $26
📈 PositiveNeedham Maintains Buy on Riot Platforms, Raises Price Target to $28
📈 PositiveRiot Platforms GAAP EPS of $0.26 beats by $0.13, revenue of $180.2M beats by $7.9M
📈 PositiveRiot Platforms Q3 EPS $0.26 Beats $0.21 Estimate, Sales $180.200M Beat $172.600M Estimate
📈 PositiveShares of software and cloud computing-related stocks are trading higher. Possibly rebounding after a sell off yesterday.
📈 PositiveMacquarie Maintains Outperform on Riot Platforms, Raises Price Target to $30
📈 PositiveShares of software and cloud computing-related stocks are trading lower. Reuters reported the US is considering curbs on exports to China made with US software, which could further weigh on tech sentiment.
📉 NegativeBTIG Maintains Buy on Riot Platforms, Raises Price Target to $28
📈 PositiveCantor Fitzgerald Maintains Overweight on Riot Platforms, Raises Price Target to $26
📈 PositiveRiot Platforms Produces 445 BTC In September, Sells 465 For $52.6M; Bitcoin Holdings Steady At 19.3K, Up 85% YoY
📈 PositiveNorthland Capital Markets Maintains Outperform on Riot Platforms, Raises Price Target to $24.5
📈 PositiveCitigroup Upgrades Riot Platforms to Buy, Raises Price Target to $24
📈 PositiveJP Morgan Upgrades Riot Platforms to Overweight, Raises Price Target to $19
📈 PositiveFrequently Asked Questions about RIOT
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