What is Riot Platforms, Inc.'s market cap?

Riot Platforms, Inc. (RIOT) has a market capitalization of $9.0B and trades on NASDAQ.

What is Riot Platforms, Inc.'s revenue and profitability?

Riot Platforms, Inc. generated $653.3M in trailing twelve-month revenue with a net loss of $867.3M, representing a net margin of -132.8%. Gross margin stands at 62.4%, with free cash flow of -$917.5M. These figures are based on the Q1 2026 filing.

Who are Riot Platforms, Inc.'s competitors?

Riot Platforms, Inc.'s key competitors include CleanSpark, Inc., Marathon Digital Holdings, Inc., Equinix, Inc., and others. These companies compete in similar markets and product categories.

Who does Riot Platforms, Inc. partner with?

Riot Platforms, Inc.'s notable partners include Advanced Micro Devices, Inc..

What subsidiaries does Riot Platforms, Inc. have?

Riot Platforms, Inc.'s subsidiaries include Block Mining, Inc..

Where is Riot Platforms, Inc. headquartered?

Riot Platforms, Inc. is headquartered in United States of America and employs approximately 534 people. It has been publicly traded since 2003.

Riot Platforms, Inc.

RIOT

Riot Platforms is a vertically integrated digital infrastructure company focused on developing and optimizing large-scale power assets for high-density compute.

Market cap

$9.02B+86.8%

Revenue$653.3M+42.4%

Net income-$867.3M-118%

Free cash flow-$917.5M-71.5%

EPS (diluted)-$2.63-99.2%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 30, 2026

Revenue$167.2MBeat by $36.7M EPS-$1.44Miss by $1.11

Read the full report

Next report

Jul 30, 2026 (In 2 days)

Revenue estimate$155.8M

EPS estimate-$0.30

Financials

Q1 2026

Income statement

See full

Revenue$167.2M+3.6%

Operating income-$499.9M-114%

Net income-$500.5M-68.9%

EPS (diluted)-$1.44-60.0%

Balance sheet

See full

Cash & equivalents$205.7M+25.6%

Total debt$877.2M+41.8%

Total equity$2.4B-18.7%

Total assets$3.4B-7.6%

Cash flow

See full

Operating cash flow-$182.7M-49.6%

CapEx$115.5M+251%

Free cash flow-$298.1M-92.4%

Valuation & ratios

Valuation

See full

Market cap$9.02B+86.8%

Enterprise value$9.69B+65.4%

P/S13.8×+4.1×

Profitability

See full

Operating margin-136%-835pp

Net margin-132.8%+148pp

FCF margin-140.4%+36.0pp

Returns & leverage

See full

Return on equity-32.5%-189pp

Debt / equity0.4×+0.2×

Current ratio1.1×-2.1×

Segments

By product

See full

Mining$111.9M-21.7%

Engineering$39.9M+97.2%

Data Centers Operations$33.2M—

By segment

See full

Bitcoin Mining$111.9M-21.7%

Data Centers$33.2M—

Competitors

By market cap

Equinix, Inc.$101.93B+32.0%

Riot Platforms, Inc.$9.0B+71.9%

Core Scientific, Inc.$7.6B+83.2%

Marathon Digital Holdings$4.9B-19.8%

CleanSpark$4.0B+15.5%

KEE

Keel Infrastructure Corp.$2.9B—

Soluna Holdings, Inc.$208.2M+1,242%

Sphere 3D Corp.$13.5M-25.8%

By revenue growth

Riot Platforms, Inc.+42.4%

Marathon Digital Holdings+23.1%

KEE

Keel Infrastructure Corp.+19.3%

Equinix, Inc.+6.7%

Soluna Holdings, Inc.+5.6%

Core Scientific, Inc.-13.7%

By net margin

CleanSpark47.68%—

Equinix, Inc.15.07%+4.4pp

KEE

Keel Infrastructure Corp.-52.05%-109pp

Riot Platforms, Inc.-132.76%-45.8pp

Soluna Holdings, Inc.-195.56%+8.6pp

Marathon Digital Holdings-235.12%-188pp

Core Scientific, Inc.-238.9%+109pp

Profile

Riot Platforms is a vertically integrated digital infrastructure company focused on developing and optimizing large-scale power assets for high-density compute. The company leverages its energy portfolio and engineering capabilities to operate one of North America's largest Bitcoin mining operations while expanding into scalable data center leasing for non-mining workloads. Its core value proposition lies in securing and managing massive electrical infrastructure to capitalize on the demand for power-intensive computing.

Competitive position

Riot is a leading vertically integrated player in the Bitcoin mining space with significant scale in power capacity and a strategic pivot toward diversified data center hosting.

GeographiesUnited States, Texas, Kentucky

Customer segmentsEnterprise, Hyperscale cloud providers, Digital asset markets

Business modelAsset-heavy infrastructure, Leasing and Colocation, Commodity production

SuppliersElectrical grid operators, ASIC hardware manufacturers, Power generation utilities, Industrial cooling equipment suppliers

CustomersBitcoin network, Enterprise compute tenants, Digital asset liquidity providers

CountryUnited States of America

Listed2003

Employees534.0

CEOJason Les

SectorTechnology

IndustrySoftware - Application

Websiteriotplatforms.com

FilingsSEC EDGAR

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Questions, answered.

What is Riot Platforms, Inc.'s market cap?: Riot Platforms, Inc. (RIOT) has a market capitalization of $9.0B and trades on NASDAQ.
What is Riot Platforms, Inc.'s revenue and profitability?: Riot Platforms, Inc. generated $653.3M in trailing twelve-month revenue with a net loss of $867.3M, representing a net margin of -132.8%. Gross margin stands at 62.4%, with free cash flow of -$917.5M. These figures are based on the Q1 2026 filing.
Who are Riot Platforms, Inc.'s competitors?: Riot Platforms, Inc.'s key competitors include CleanSpark, Inc., Marathon Digital Holdings, Inc., Equinix, Inc., and others. These companies compete in similar markets and product categories.
Who does Riot Platforms, Inc. partner with?: Riot Platforms, Inc.'s notable partners include Advanced Micro Devices, Inc..
What subsidiaries does Riot Platforms, Inc. have?: Riot Platforms, Inc.'s subsidiaries include Block Mining, Inc..
Where is Riot Platforms, Inc. headquartered?: Riot Platforms, Inc. is headquartered in United States of America and employs approximately 534 people. It has been publicly traded since 2003.