Riot Blockchain, Inc. (RIOT) AI Stock Analysis

Riot Platforms, Inc., formerly known as Riot Blockchain, Inc., is a bitcoin mining company operating in North America and headquartered in Castle Rock, Colorado. The company operates through three core segments: Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering. Riot managed a fleet of approximately 30,907 miners as of December 31, 2021, to support cryptocurrency production. Additionally, the company provides data center hosting solutions for digital currency operations and develops electrical engineering products that optimize energy consumption across its mining facilities.

Revenue expanded at a 5-year CAGR of 121.7% from FY2020 to FY2025, reaching $647.4M in FY2025, an increase of 71.9% year-over-year. Profitability has been volatile, moving from a net loss of -$7.9M in FY2021, -$509.6M in FY2022, and -$49.5M in FY2023 to positive net income of $109.4M in FY2024, before falling to -$663.2M in FY2025 with an operating margin of -61.8%. Over the trailing twelve months, revenue was $674.5M, operating margin was -122.3%, and EPS was -$3.89. In the latest quarter ended June 30, 2026, quarterly revenue grew 13.9% year-over-year, while quarterly earnings grew 37.3%.

As of June 30, 2026, Riot held $471.4M in cash and short-term investments and total debt of $279.2M, resulting in net cash of $192.1M. Shareholders' equity stood at $2.19B against total assets of $3.26B, supported by a current ratio of 1.56 and a debt-to-equity ratio of 0.13. For FY2025, operating cash flow was -$572.9M and free cash flow was -$774.3M. Cash usage in FY2025 included $201.4M in capital expenditures and $4.3M in share buybacks, while share count expanded 228.8% over 5 years.

Riot carries a market cap of $5.15B and an enterprise value of $9.68B at a share price of $13.72. The stock trades at a forward P/E of 20.9x, which is above the 10.8x median of its US-listed Financial Services peers. Its price-to-sales multiple of 7.6x and EV-to-EBITDA of 34.9x also exceed peer medians of 3.2x and 11.7x. Over the past 1 year, RIOT shares declined 29.8%, trailing the S&P 500 return of 16.8%. Over 5 years, RIOT returned -50.7% compared to an 83.0% gain for the benchmark.

Wall Street coverage includes 14 Strong Buy, 7 Buy, and 1 Hold recommendations, with zero Sell or Strong Sell ratings. The mean price target is $30.93, representing a 125.4% premium over the last close of $13.72. For the fiscal year ending December 31, 2026, analysts estimate revenue of $678.5M and EPS of -$1.68. For the next fiscal year, 4 analysts estimate revenue of $805.9M and EPS of -$0.88. Riot has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings date is October 29, 2026.

This page is an AI-written research summary of Riot Blockchain, Inc. (RIOT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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