Riot Platforms RIOT
United StatesFinancial Services · Capital MarketsUSD
31.54 USD (+70.1%)
22 analysts
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Riot Platforms is a Bitcoin mining company that operates large-scale data centers to validate Bitcoin network transactions and generate cryptocurrencies, in addition to developing hosting infrastructure for other miners.
Key points
from its scores- ✓Strong growth7.4
- ✕Fragile balance sheet0.0
- ✕Unfavourable risk and backdrop0.0
- ✕Little competitive advantage0.5
AI analysis
bottom line, main risk, context and newsThe combination of severe operating losses, dependence on a volatile asset, and an adverse macro environment (rising rates) makes the risk profile extremely high.
Riot Platforms shows very weak financial health (ROE -48.24%, operating margin -122.33%) and no dividend yield, making it a high-risk investment. Its 13.90% revenue growth does not offset the cash burn, and the environment of rising interest rates and Bitcoin weakness adds further pressure to its business model.
The main risk is business sustainability: with an operating margin of -122.33% and an ROE of -48.24%, the company is burning cash at an accelerated pace and depends on Bitcoin's price rising to survive, which is highly speculative.
Context and risks
Riot Platforms is a Bitcoin mining company based in the US. Its business depends on electricity and the volatility of Bitcoin's price, a high-duration asset that is pressured by rising interest rates. The rise in long-term rates and dollar strength reduce the appeal of speculative assets like Bitcoin, directly affecting the valuation of its reserves and future cash flow.
Is Riot Platforms stock cheap or expensive?
at the analysis dateOn Price / book, it trades 73% above the Financial Services median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 3.2 | 1.9 | +73% |
| Price / sales | 10.3 | 3.5 | +199% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Average analyst target: 31.54 USD, +70.1% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 0.5 (sector 8.8), Growth 7.4 (sector 6.9).
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- Forward P/E
- −19.8
- EV / EBITDA
- −8.2
- Price / book
- 3.2
- Price / sales
- 10.3
- Market cap
- 7.0B USD
- Enterprise value
- 7.4B USD
Profitability
- ROE
- −48.2%
- ROA
- −21.2%
- ROIC (approx.)
- −27.0%
- Gross margin
- 28.3%
- Operating margin
- −122.3%
- Net margin
- −196.3%
- Free cash flow
- −718.9M USD
- FCF yield
- −10.3%
Solvency
- Total debt
- 877.8M USD
- Net debt
- 406.4M USD
- Cash
- 471.4M USD
- EBITDA
- −898.9M USD
- Net debt / EBITDA
- −0.45
- Debt / equity
- 40.03
- Current ratio
- 1.58
- Quick ratio
- 1.17
Growth
- Revenue growth
- +13.9%
- EPS (TTM)
- −3.89 USD
- EPS (forward)
- −0.94 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 3.76
- Analyst consensus
- Strong buy (22)
- Target price
- 31.54 USD
- 52-week range
- 11.50 – 30.32
Recent news
All RIOT news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Riot Platforms
Is Riot Platforms stock cheap or expensive?
On Price / book, it trades 73% above the Financial Services median. Average analyst target: 31.54 USD, +70.1% versus the price. A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 0.5 (sector 8.8), Growth 7.4 (sector 6.9). This is not investment advice.
What score does Riot Platforms get on MeridIAn Screener?
It scores 1.5 out of 10, rank 2,124 of 2,130 (better than 0% of the companies analysed). Its strongest category is Growth (7.4) and its weakest, Financial health (0.0). Analysis of 08/10/2026.
How much is Riot Platforms worth on the stock market?
Its market capitalisation is 7.0B USD.
Does Riot Platforms pay a dividend?
It pays no dividend, or almost none.
How has Riot Platforms stock performed over the last year?
It has fallen 11.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 11.50 and 30.32 USD. Past performance does not guarantee future results.
What do analysts think of Riot Platforms?
22 analysts cover it; their average recommendation is “Strong buy” and their average target is 31.54 USD (+70.1% versus the price). It is an estimate, not market data.