RIOT

Company Overview — What Does Riot Platforms, Inc. Do?

Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31,2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is based in Castle Rock, Colorado. Riot Platforms, Inc. (RIOT) is classified as a mid-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Jason Les and employs approximately 340 people, headquartered in CASTLE ROCK, Colorado. With a market capitalization of $4.9B, RIOT is one of the notable companies in the Financials sector.

Riot Platforms, Inc. (RIOT) Stock Rating — Reduce (April 2026)

As of April 2026, Riot Platforms, Inc. receives a Reduce rating with a composite score of 37.0/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.RIOT ranks #3,531 out of 4,446 stocks in our coverage universe. Within the Financials sector, Riot Platforms, Inc. ranks #810 of 900 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

RIOT Stock Price and 52-Week Range

Riot Platforms, Inc. (RIOT) currently trades at $12.86. The 52-week high for RIOT is $23.93, which means the stock is currently trading -46.3% from its annual peak. The 52-week low is $6.19, putting the stock 107.8% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is RIOT Overvalued or Undervalued? — Valuation Analysis

Riot Platforms, Inc. (RIOT) carries a value factor score of 24/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 38.27x, compared to the Financials sector average of 14.78x — a premium of 159%. The price-to-book ratio stands at 1.66x, versus the sector average of 1.19x. The price-to-sales ratio is 8.21x, compared to 0.89x for the average Financials stock. On an enterprise value basis, RIOT trades at 22.87x EV/EBITDA, versus 3.26x for the sector.

At current multiples, Riot Platforms, Inc. trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Riot Platforms, Inc. Profitability — ROE, Margins, and Quality Score

Riot Platforms, Inc. (RIOT) earns a quality factor score of 40/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 4.3%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 3.2% versus the sector average of 1.3%.

On a margin basis, Riot Platforms, Inc. reports gross margins of 39.0%. The operating margin is -25.6% (sector: 21.8%). Net profit margin stands at 40.7%, versus 17.8% for the average Financials stock. Revenue growth is running at 157.4% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

RIOT Debt, Balance Sheet, and Financial Health

Riot Platforms, Inc. has a debt-to-equity ratio of 29.0%, compared to the Financials sector average of 118.5%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 0.96x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $841M. Cash and equivalents stand at $331M.

RIOT has a beta of 2.42, meaning it is more volatile than the broader market — a $10,000 investment in RIOT would be expected to move 142.4% more than the S&P 500 on any given day. The stability factor score for Riot Platforms, Inc. is 25/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Riot Platforms, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Riot Platforms, Inc. reported revenue of $579M and earnings per share (EPS) of $-1.95. Net income for the quarter was $124M. Gross margin was 39.0%. Operating income came in at $-59M.

In FY 2025, Riot Platforms, Inc. reported revenue of $647M and earnings per share (EPS) of $-1.95. Net income for the quarter was $-663M. Revenue grew 71.9% year-over-year compared to FY 2024. Operating income came in at $-622M.

In Q3 2025, Riot Platforms, Inc. reported revenue of $180M and earnings per share (EPS) of $0.30. Net income for the quarter was $-106M. Revenue grew 112.6% year-over-year compared to Q3 2024. Operating income came in at $80M.

In Q2 2025, Riot Platforms, Inc. reported revenue of $153M and earnings per share (EPS) of $0.65. Net income for the quarter was $-220M. Revenue grew 118.5% year-over-year compared to Q2 2024. Operating income came in at $216M.

Over the past 8 quarters, Riot Platforms, Inc. has demonstrated a growth trajectory, with revenue expanding from $70M to $579M. Investors analyzing RIOT stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

RIOT Dividend Yield and Income Analysis

Riot Platforms, Inc. (RIOT) does not currently pay a dividend. This is common among smaller companies in the Banking industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

RIOT Momentum and Technical Analysis Profile

Riot Platforms, Inc. (RIOT) has a momentum factor score of 53/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 35/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

RIOT vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, Riot Platforms, Inc. (RIOT) ranks #810 out of 900 stocks based on the Blank Capital composite score. This places RIOT in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include UNIVERSAL INSURANCE HOLDINGS, INC. (UVE) with a score of 62.6/100, WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 63.3/100, PARKE BANCORP, INC. (PKBK) with a score of 60.5/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.3/100, and PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK) with a score of 57.6/100.

Comparing RIOT against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full RIOT vs S&P 500 (SPY) comparison to assess how Riot Platforms, Inc. stacks up against the broader market across all factor dimensions.

RIOT Next Earnings Date

No upcoming earnings date has been announced for Riot Platforms, Inc. (RIOT) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy RIOT? — Investment Thesis Summary

The quantitative profile for Riot Platforms, Inc. suggests caution. The value score of 24/100 indicates premium valuation. High volatility (stability score 25/100) increases portfolio risk.

In summary, Riot Platforms, Inc. (RIOT) earns a Reduce rating with a composite score of 37.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on RIOT stock.

Related Resources for RIOT Investors

Explore more research and tools: RIOT vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare RIOT head-to-head with peers: RIOT vs UVE, RIOT vs WTM, RIOT vs PKBK.