Stock Analysis
Riot Platforms, Inc. Common StockRIOT
Sector: Financial Services · Industry: Finance Services
AnalystsStrong Buy28 analystsPrice is 11% of the way from the year's low to its high.
Cash covers 40% of debt · FY 2025.
PMP Verdict
Weak fundamentals
Risks
- Profitability0
- Growth25
Weak fundamentals — valuation is the only support.
Market context
-11.5% today· Z 3.0σ· Riot shares fell 10.35% amid broader crypto mining sector weakness and a price target cut to $24 by Cantor Fitzgerald.
Bull Case
- ✓Revenue CAGR 32.0% — durable top-line growth
Why is RIOT moving?
SectorRiot shares fell 10.35% amid broader crypto mining sector weakness and a price target cut to $24 by Cantor Fitzgerald.
Profile
profitability, moat, growth, earnings quality, valuation and financial health lag behind.
How is each axis scored?
- Valuation32/100 · Weak
- P/E vs own history (n/a)10/25
- FCF yield (-15.1%)0/25
- P/S (7.6x)12/25
- EV/EBIT (n/a)10/25
- Growth25/100 · Weak
- Revenue CAGR (32.0%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (-33.1%)0/25
- ROE (-46.3%)0/25
- Net margin (-196.3%)0/25
- Operating margin (-199.2%)0/25
- Financial Health36/100 · Weak
- Altman Z (1.75)10/25
- Current ratio (0.96)6/25
- Interest coverage (-75.5x)0/25
- Net cash / debt (D/A 9%)20/25
- Quality25/100 · Weak
- Piotroski F (3/9)5/25
- Beneish M (-2.41)20/25
- FCF conversion (n/a)0/25
- Margin stability (σ 1378.9%)0/25
- Moat13/100 · Weak
- ROIC >12% years (0/9 yrs)0/25
- Median gross margin (30.2%)13/25
- FCF-positive years (0/8 yrs)0/25
- Worst-year net margin (worst -11474.3%)0/25
Risk Flags
- ⚠Altman Z 1.7 — distress-zone balance sheet
- ⚠Negative FCF margin (-1.2%) — burning cash
- ⚠SBC 20.9% of revenue — real dilution cost
- ⚠8 loss-making years in recent history
- ⚠Interest coverage -75.5× — thin debt cushion
About Riot Platforms, Inc. Common Stock
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets. Show more
The Company's business centers on enhancing its electrical infrastructure and deploying it across two complementary platforms: (i) Bitcoin Mining and (ii) scalable data center solutions designed to support non-mining workloads. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
Headquarters: CASTLE ROCK, CO · Employees: 816 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
32DP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF1369.8xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield-15.1%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -58.4%–-2.0% · 33rd pct
P/S (TTM)7.61xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 1.5x–36.8x · 44th pct
EV/EBITDA10.4xA
Grade A: CheapEnterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales8.9xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E—
Price / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.79xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio-0.01A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
0EROIC-33.1%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE-46.3%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA-35.0%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-196.3%D
Grade D: LowNet Income / Revenue
Operating Margin-199.2%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin28.3%D
Grade D: LowGross Profit / Revenue
FCF Margin-115.1%D
Grade D: LowFCF / Revenue
True FCF Margin-136.0%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
25ERevenue CAGR32.0%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+333.8%D
Grade D: DilutiveShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue20.9%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
36DAltman Z-Score1.75D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.96xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio1.38xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-75.5xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBITNet CashA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.21xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.40xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
25EPiotroski F-Score3/9D
Grade D: WeakFinancial strength 0–9. >7 Strong
Beneish M-Score-2.41A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability1378.9%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue42.2%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.18xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Howell Stephen Mitchell Jr. Filed | Howell Stephen Mitchell Jr. | Gift | -21198 | |
Werner Ryan D. Filed | Werner Ryan D. | SellOpen market sale | -2501 | |
Werner Ryan D. Filed | Werner Ryan D. | SellOpen market sale | -9802 | |
Werner Ryan D. Filed | Werner Ryan D. | SellOpen market sale | -35430 | |
Howell Stephen Mitchell Jr. Filed | Howell Stephen Mitchell Jr. | Tax withholding | -153162 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Werner Ryan D. Filed | Werner Ryan D. | Tax withholding | -148500 | |
Les Jason Filed | Les Jason | Tax withholding | -2896921 | |
Werner Ryan D. Filed | Werner Ryan D. | SellOpen market sale | -7596 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
13EROIC >12% Years0/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)30.2%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years0/8 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-11474.3%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$1.25
Cash & short-term investments per share (Finnhub)
Book Value / Share$5.80
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$586.91M
Total debt obligations (short + long term)
Cash & Equiv.$233.52M
Cash and short-term investments
Net Debt$353.39M
Total Debt minus Cash. Negative = Net Cash position
Total Equity$2.86B
Shareholders' equity (book value)
Asset / Liability3.65xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$5.13B
Current Market Capitalization
Beta3.95D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Riot Platforms, Inc. Common Stock (RIOT)
RIOT is down 11.48% at the last close — Riot shares fell 10.35% amid broader crypto mining sector weakness and a price target cut to $24 by Cantor Fitzgerald.. Riot Platforms, Inc. Common Stock meets only 3 of 9 Piotroski F-Score criteria — a sign of weak underlying fundamentals. Altman Z-Score of 1.75 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.41 suggests a low likelihood of earnings manipulation. Revenue has compounded at roughly 32% annually — a strong growth profile.
- Free-cash-flow margin is negative (-115%) — the business currently burns cash.
- Company has negative FCF, making debt repayment from operations difficult.
- Interest coverage of -75.5× leaves little room for earnings shocks.
- Riot Platforms, Inc. Common Stock posted a net loss in 8 of 9 available completed fiscal years (2017–2025).
See how RIOT ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all RIOT moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 13.63 | -12.10% | -3.07 |
| Oct 16 | After-hours | 13.67 | -11.81% | -2.97 |
| Oct 14 | Regular | 14.91 | -10.56% | -2.42 |
| Oct 14 | After-hours | 14.77 | -11.40% | -2.65 |
| Oct 8 | Regular | 16.98 | -8.44% | -2.03 |
Frequently Asked Questions about RIOT
What is the current Riot Platforms, Inc. Common Stock (RIOT) stock price?
RIOT is trading at $13.72 at the last market close, down 11.48% on the session. PreMarketPrice tracks RIOT pre-market, intraday and after-hours prices.
Is RIOT stock a buy right now?
PreMarketPrice's quantitative model rates Riot Platforms, Inc. Common Stock's financial health at 36/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is RIOT stock overvalued?
Riot Platforms, Inc. Common Stock trades at a trailing P/E of n/a and our valuation score rates it 32/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Riot Platforms, Inc. Common Stock report earnings?
No confirmed earnings date is currently scheduled for RIOT. The Earnings section lists recent reports and updates as dates are announced.
What sector does Riot Platforms, Inc. Common Stock operate in?
Riot Platforms, Inc. Common Stock operates in the Financial Services sector, within the Finance Services industry. The Related Stocks section lists sector peers for comparison.
What does Riot Platforms, Inc. Common Stock do?
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets.
About Riot Platforms, Inc. Common Stock (RIOT) Stock
Riot Platforms, Inc. Common Stock (RIOT) is a US-listed stock operating in the Financial Services sector, specifically the Finance Services industry. As of the latest update, Riot Platforms, Inc. Common Stock is trading at $13.72, down 11.48% on the day with a market capitalization of $5.1 billion. The financial health score for RIOT is 36/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for RIOT stock.
RIOT Stock Analysis & Key Metrics
On PreMarketPrice, you can track Riot Platforms, Inc. Common Stock (RIOT) across multiple dimensions:
- Pre-market price & movement: Real-time RIOT stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for RIOT with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Riot Platforms, Inc. Common Stock across multiple reporting periods.
- Financial health score: A composite score of 36/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for RIOT.
- Sector peers: Compare RIOT against 6 other financial services stocks on key financial metrics.
Is RIOT a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Riot Platforms, Inc. Common Stock (RIOT) as an investment. The financial health score of 36/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Riot Platforms, Inc. Common Stock (RIOT) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.