RIOT Riot Platforms, Inc.
Trend channel, buy level and 3-month target. Information only, not financial advice.
Below the channel · 12-month channel rising
Closed below support (US$20.36). Treat the buy level with caution.
- 9-month channel
- US$18.51 – US$23.48 · rising, +54% a year
- 12-month channel read from
- US$20.36 – US$44.07 · rising, +46% a year
- Price in channel
- −32% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$23.48
- Published levels
- Buy and target are not from this channel — see below.
Price history, with the path projected 3 months forward
Updated 10:55 PM ET (13 h ago)
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$12.79
level as at 1 Nov 2026
Our target
US$17.41
by 19 Nov 2026
Projected move
36.1%
gross, before costs
Price is at or below our buy.
Target: the next swing high.
This move size: reached in 26% of 22 past stretches, typically in 18 days. (2.00% per day)
- Upper line touches
- 2
- Lower line touches
- 2
- Fit confidence
- 44%
- Fitted
- 1 Nov 2026
Company information
About Riot Platforms, Inc.
Riot Platforms, Inc., along with its associated companies, primarily operates as a Bitcoin mining enterprise within the United States. The firm's activities are divided into two main areas: Bitcoin Mining and Engineering. It develops and manages essential infrastructure for large-scale Bitcoin mining operations at sites in Rockdale and Navarro counties, Texas, as well as two facilities in Paducah, Kentucky. Beyond its mining endeavors, the company's Engineering division designs and manufactures specialized power distribution equipment and custom-engineered electrical solutions. This segment also provides comprehensive services for the design, production, and installation of electricity distribution products to a diverse client base, including major commercial organizations, government agencies, and customers in the data center, power generation, utility, water, industrial, and renewable energy sectors. Established in the year 2000, Riot Platforms is headquartered in Castle Rock, Colorado.
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- CEO
- Jason Les
- Employees
- 816
- Country
- US
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
- 96/100
- Profitability
- 0/100
- Financial health
- 44/100
- Cash generation
- 0/100
Key statistics
- Market cap
- US$5.18B
- Enterprise value
- US$4.99B
- Beta
- 3.76
- Avg volume
- 17.93M
- Revenue per share
- 1.94
- Dividend yield
- 0.00%
- 52-week range
- 11.5-30.32
- Exchange
- NASDAQ
Key ratios
- P/E (TTM)
- -3.75
- PEG
- 0.01
- Price / sales
- 7.68
- Price / book
- 2.19
- EV / EBITDA
- -23.21
- Gross margin
- -13.76%
- Operating margin
- -89.12%
- Net margin
- -196.28%
- Current ratio
- 1.56
- Quick ratio
- 1.56
- Debt / equity
- 0.13
- Interest cover
- -28.56
Income statement
| Year | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | US$647.43M | -US$101.25M | -US$400.03M | -US$663.18M | -US$1.95 |
| 2024 | US$376.66M | US$113.90M | US$153.59M | US$109.40M | US$0.34 |
| 2023 | US$280.68M | US$26.34M | -US$63.05M | -US$49.47M | -US$0.28 |
| 2022 | US$259.17M | US$65.47M | -US$512.70M | -US$509.55M | -US$3.65 |
| 2021 | US$213.24M | US$131.15M | -US$29.87M | -US$15.44M | -US$0.08 |
Balance sheet
| Year | Total assets | Total liabilities | Total equity |
|---|---|---|---|
| 2025 | US$3.94B | US$1.08B | US$2.86B |
| 2024 | US$3.94B | US$791.62M | US$3.14B |
| 2023 | US$2.05B | US$163.06M | US$1.89B |
| 2022 | US$1.32B | US$168.52M | US$1.15B |
| 2021 | US$1.52B | US$173.62M | US$1.35B |
Cash flow
| Year | Operating cash flow | Free cash flow | Net income |
|---|---|---|---|
| 2025 | -US$572.93M | -US$774.31M | -US$663.18M |
| 2024 | -US$255.05M | -US$1.52B | US$109.40M |
| 2023 | US$33.09M | -US$391.05M | -US$49.47M |
| 2022 | US$530.00K | -US$352.33M | -US$509.55M |
| 2021 | -US$86.38M | -US$508.36M | -US$7.93M |
EPS forecasts
| Period | Est. EPS | Est. revenue | Analysts |
|---|---|---|---|
| 2025 | -US$0.3685 | US$654.98M | 2 |
| 2026 | -US$2.62 | US$678.17M | 9 |
| 2027 | -US$1.23 | US$785.17M | 9 |
| 2028 | -US$0.6512 | US$1.19B | 8 |
| 2029 | US$1.54 | US$2.14B | 5 |
| 2030 | US$1.59 | US$3.34B | 5 |
Analyst view
- Target (mean)
- US$31.64
- Target (high)
- US$40.00
- Target (low)
- US$24.00
- Strong buy
- 0
- Buy
- 18
- Hold
- 1
- Sell
- 0
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.