RIOT Riot Platforms, Inc.

Stock NASDAQ Financial Services

US$20.35 +3.17% Latest close

Riot Platforms, Inc. (RIOT) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on NASDAQ. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.

In the buy zone

Price is sitting on the lower trend line β€” the level that has repeatedly held.

Read from the last 3 years of history we hold: rising, drifting +28% a year. The target of US$24.85 is below the nearest ceiling (US$32.58), so it does not depend on a breakout. What would overturn this: a close below US$19.47 β€” the floor of the channel being read β€” after which the trend, not the entry, is what was wrong.

3 years read from
US$19.47 – US$32.58 Rising channel, +28% a year
Position in that channel
7% 0% at the floor, 100% at the ceiling

Price history, with the path projected 3 months forward

US$10.0US$20.0US$30.0Oct 23Mar 24Aug 24Jan 25June 25Nov 25Apr 26Sept 26 today BuyTarget Our buy US$19.1 Β· est. 25 Sept 26Our target US$24.8 Β· est. 13 Oct 26
  • Daily close
  • Upper trend line (3 years)
  • Lower trend line (3 years)
  • Dashed after today: projected 3 months
  • Our buy
  • Our target

Suggested path

Buy at or below

US$19.12

level as at 25 Sept 2026

Our target

US$24.85

by 13 Oct 2026

Projected move

30.0%

gross, before costs

Price sits between our buy level and our target.

The lines are drawn where this stock has actually turned: 4 touches on the ceiling, 4 on the floor, each fitted to the slope that catches the most of them. Buying one average daily range below its 50-day mean, on heavier volume than usual and while it is still above its 200-day mean, has come up 791 times; measured against the 6% floor β€” the least a call has to be worth to be worth making, not what it aims at β€” 73% cleared it, typically in 34 days, with price going about 5% against the entry along the way (63% in the worst case we have on record). Trades that have not reached the target within 3 months are counted as misses, whatever they are worth at the time. The prices above are this stock’s own β€” its average, its volatility β€” but the setup is the same one we apply everywhere: derived on eight unrelated tickers, then confirmed on 87 others it was never fitted to. We deliberately do not tune it to each stock: doing so scores worse on history the tuning never saw β€” 58% against 71% β€” because it fits the past rather than the future. On this stock the setup has come up 6 times so far, reaching target 83% of the time β€” too few to mean much on its own. The sell price comes from where this stock is projected to be, not from a minimum worth taking: the fitted path reaches more than 30% above the entry within 90 days, and of the sizes that path supports, 30% is the one that has returned the most per day of money tied up here β€” measured over 146 stretches of this stock’s own history, since the published entry itself is too rare here to size a target from, reached 71% of the time, typically in 18 days. Smaller sizes got there sooner but paid less for the weeks they used; larger ones need a break above the projected ceiling, which is not the base case. The date published is whichever is later: that typical time, or the day the projected path itself reaches the price. It is a prediction, so it can be revised: if the run tops out before it gets there, the target is cut to what is actually on the table and you are told the same day. An ordinary pullback is not treated as topping out β€” those go on to make a new high about 8 times in 10, so they are ridden through. What triggers the revision is price closing below its 50-day trend and staying there, after which the odds of recovery fall to roughly 3 in 10.

Upper line touches
4
Lower line touches
4
Fit confidence
32%
Fitted
16 Sept 2026

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

https://www.riotplatforms.com

Scorecard

Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings β€” that data is licensed and we do not redistribute it.

Valuation
91/100
Profitability
0/100
Financial health
44/100
Cash generation
0/100

Key statistics

Market cap
US$8.35B
Enterprise value
US$8.15B
Beta
3.83
Avg volume
18.47M
Revenue per share
1.94
Dividend yield
0.00%
52-week range
11.5-30.32
Exchange
NASDAQ

Key ratios

P/E (TTM)
-6.00
PEG
0.01
Price / sales
12.37
Price / book
3.50
EV / EBITDA
-37.91
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

YearRevenueGross profitOperating incomeNet incomeEPS
2025US$647.43M-US$101.25M-US$400.03M-US$663.18M-US$1.95
2024US$376.66MUS$113.90MUS$153.59MUS$109.40MUS$0.34
2023US$280.68MUS$26.34M-US$63.05M-US$49.47M-US$0.28
2022US$259.17MUS$65.47M-US$512.70M-US$509.55M-US$3.65
2021US$213.24MUS$131.15M-US$29.87M-US$15.44M-US$0.08

Balance sheet

YearTotal assetsTotal liabilitiesTotal equity
2025US$3.94BUS$1.08BUS$2.86B
2024US$3.94BUS$791.62MUS$3.14B
2023US$2.05BUS$163.06MUS$1.89B
2022US$1.32BUS$168.52MUS$1.15B
2021US$1.52BUS$173.62MUS$1.35B

Cash flow

YearOperating cash flowFree cash flowNet income
2025-US$572.93M-US$774.31M-US$663.18M
2024-US$255.05M-US$1.52BUS$109.40M
2023US$33.09M-US$391.05M-US$49.47M
2022US$530.00K-US$352.33M-US$509.55M
2021-US$86.38M-US$508.36M-US$7.93M

EPS forecasts

PeriodEst. EPSEst. revenueAnalysts
2025-US$0.3685US$654.98M2
2026-US$2.55US$675.05M8
2027-US$1.14US$791.20M8
2028-US$0.6385US$1.21B8
2029US$1.54US$2.14B5
2030US$1.59US$3.34B5

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 statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.