RIOT · Riot Platforms, Inc.
$19.02
-0.20 (-1.02%)
At close · Aug 14
View the 10-Q filed Apr 30, 2026
Customer concentration
— top 2 customers 10% of revenue
2 customers — 10% of revenue (three months ended March 31, 2026)
“During the three months ended March 31, 2026, Bitcoin Mining revenue generated as a result of the Company's participation in a mining pool and Data Center revenue generated by the Company's AMD lease each contributed more than 10% of the Company's total consolidated revenue.”
One customer — 10% of revenue (three months ended March 31, 2025)
“During the three months ended March 31, 2025, Bitcoin Mining revenue generated as a result of the Company's participation in a mining pool contributed more than 10% of the Company's total consolidated revenue.”
Market Cap
$7.14B
Shares
375.26M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$19.02
Open$18.82
Day$18.46–19.55
52W close$11.33–28.69
Avg vol 30d20.6M
Short int51.6M · 13.7% float · 2.7d
Short vol48%
Last earningsAug 10, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 10
Up next
Next earnings call
Nov 15, 2026
Est · unconfirmed
· in 13 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 10, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Very Strong
Sentiment
Bullish
Fundamentals
Poor
Quant / Vol
Very High
Market backdrop
VIX 14.3 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+3%
above
Price vs 50-day avg
−18%
below
RSI (14)
41
neutral
MACD trend
Negative
52-week position
44%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+4%
trailing
6-month return
+22%
trailing
YTD return
+50%
this year
Relative strength
+8%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $23 › 200d $19 — 50d above 200d
Institutional flow
Accumulating
+10% holders QoQ · +112 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
13.74% of float · ▼ -3.4% MoM · 2.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
456 holders — near 3-yr high, broad support
Squeeze score
51
elevated · 0–100
Fundamentals
Revenue growth
+72%
Y/Y
Gross margin
0%
contracting
EPS growth
−674%
Y/Y
Free cash flow
$-774.3M
Balance sheet
$607.3M
net debt
Quant / Vol
risk profile
Volatility
88%
annualized · 1-yr
Max drawdown
−49%
past year
ATR
11.3%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 10, 2026
20-year initial term
Total Contract Value (total initial contract revenue)
$9.1B
initial term plus two five-year extension options
Total potential contract value
$16.1B
base lease term
Cumulative NOI range
$7.3B – $8.2B
Average annual NOI contribution
$365M – $411M
Prior guidance
period ended
· from the Earnings Call filed Mar 31, 2024
Capital expenditures
· to reach over 40 EH/s in 2025
$619M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+3%
Bullish
Price vs 50-day avg
−18%
Bearish
RSI (14)
41
Neutral
MACD trend
Negative
Bearish
52-week position
44%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $23 › 200d $19 — 50d above 200d
Institutional flow
Accumulating
+10% holders QoQ · +112 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
13.74% of float · ▼ -3.4% MoM · 2.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
456 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $11
Now $19 · 44%
Range high $29
vs 200-day avg +3%
vs 50-day avg -18%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -$69.73M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP EBITDA -140.43M
+35.58M Stock-based compensation expense
+0K Acquisition-related costs
+8.36M Change in fair value of derivatives
+0K Change in fair value of contingent consideration
+0K Loss (gain) on equity method investment - marketable securities
+0K Loss (gain) on sale of equipment
+3K Casualty-related charges (recoveries), net
+0K Loss on contract settlement
+0K Gain on acquisition post-close dispute settlement
+27.97M Impairment of property and equipment
-1.22M Other (income) expense
+0K Amortization of license fee revenue
= Adjusted EBITDA -69.73M
|
|||
| Available Total Power Capacity | 2 | Q2 2026 | — |
| Avg. Hash Price | $34 | Q2 2026 | — |
| Bitcoin Produced | 17.4 | Q2 2026 | — |
|
|
|||
| Cost to mine one bitcoin, excluding bitcoin miner depreciation non-GAAP | $47,369 | Six Months Ended June 30, 2026 | — |
| Cost to mine one bitcoin, excluding bitcoin miner depreciation, as a % of production value of on non-GAAP | 69.6% | Three Months Ended June 30, 2026 | — |
| Cost to mine one bitcoin, including bitcoin miner depreciation non-GAAP | $93,352 | Six Months Ended June 30, 2026 | — |
| Cost to mine one bitcoin, including bitcoin miner depreciation, as a % of production value of on non-GAAP | 126.5% | Three Months Ended June 30, 2026 | — |
| Critical IT MW Delivered | 25 | Q2 2026 | — |
| Engineering Backlog | $177.1M | Q2 2026 | — |
| Net Cost of Power non-GAAP | 3.6 | Q2 2026 | — |
| Operating Lease Gross Margin | 84% | Q2 2026 | — |
| Operating Lease Revenue | $23M | Q2 2026 | — |
| Power curtailment credits per BTC mined non-GAAP | $6,335 | Q2 2026 | — |
| Produced bitcoin | 1,587 | the quarter | — |
| Quantity of bitcoin mined | 3,060 | Six Months Ended June 30, 2026 | — |
| Total Data Center Contract Revenue | $9.8B | 2026 YTD | — |
| Total Liquidity | $1.2B | Q2 2026 | — |
| Average cost to mine bitcoin, excluding depreciation | $44,629 | Q1 2026 | — |
| Bitcoin held | 15,679 | Q1 2026 | — |
| Total contracted critical IT capacity with AMD | 50 | Q1 2026 | — |
| Bitcoin held as collateral | 3,977 | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Capital Markets — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RIOT
this stock
Riot Platforms, Inc.
|
$7.14B | +50.1% | +71.9% | — | 13.7% |
|
MS
Morgan Stanley
|
$341.38B | +22.4% | +5.5% | 17.6 | 0.8% |
|
GS
Goldman Sachs Group Inc
|
$302.65B | +18.3% | +8.9% | 16.0 | 2.1% |
|
SCHW
Schwab Charles Corp
|
$192.11B | +11.2% | +22.0% | 20.2 | 1.2% |
|
HOOD
Robinhood Markets, Inc.
|
$85.92B | -15.5% | +51.6% | 42.3 | 3.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RIOT | -7.3% | +4.1% | +21.5% | -5.7% | +50.1% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | -7.7% | -0.3% | +7.7% | -9.7% | +36.2% |
Key facts
CIK
1167419
CUSIP
767292105
13F (30d)
432 filings
428 filers
Visit website
Investor relations