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EV / EBITDA at other companies

TeraWulf logo
TeraWulfWULF
66.4×
Equinix, Inc. logo
Equinix, Inc.EQIX
28.9×+0.4×
Iris Energy logo
Iris EnergyIREN
62.5×
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
7.8×+1.8×
Core Scientific, Inc. logo
Core Scientific, Inc.CORZ
52.9×
Cipher Digital, Inc.
 logo
Cipher Digital, Inc. CIFR
30.3×

Other financials

Income statement

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Revenue$167.2M+3.6%
Operating income-$499.9M-114%
Net income-$500.5M-68.9%
EPS (diluted)-$1.44-60.0%

Balance sheet

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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

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Operating cash flow-$182.7M-49.6%
CapEx$115.5M+251%
Free cash flow-$298.1M-92.4%

Valuation

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Market cap$10.63B+87.9%
Enterprise value$11.3B+81.7%
P/S16.3×+3.9×

Profitability

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Gross margin62.4%
Operating margin-136%-835pp
Net margin-132.8%+148pp
FCF margin-140.4%+36.0pp

Returns & leverage

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Return on equity-32.5%-189pp
Debt / equity0.4×+0.2×
Current ratio1.1×-2.1×

Where this comes from

Calculated from Riot Platforms, Inc.’s reported figures.

Based on the most recent quarter.

The official record: Riot Platforms, Inc.’s 10-Q, filed October 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Riot Platforms, Inc.'s EV / EBITDA?
Riot Platforms, Inc. (RIOT) reported EV / EBITDA of 13.1× in Q3 2025.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.