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Net margin at other companies

TeraWulf logo
TeraWulfWULF
-611.5%-747pp
Equinix, Inc. logo
Equinix, Inc.EQIX
15.1%+4.4pp
Applied Digital logo
Applied DigitalAPLD
-45.7%-19.4pp
Iris Energy logo
Iris EnergyIREN
20.9%+13.4pp
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
-109.8%-256pp
Cipher Digital, Inc.
 logo
Cipher Digital, Inc. CIFR
-427.8%

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
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 trailing twelve months.

The official record: Riot Platforms, Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Riot Platforms, Inc.'s net margin?
Riot Platforms, Inc. (RIOT) reported net margin of -132.8% in Q1 2026.
How has Riot Platforms, Inc.'s net margin changed year-over-year?
Riot Platforms, Inc.'s net margin decreased by 52.7% year-over-year, from -86.9% to -132.8%.
What is the long-term trend for Riot Platforms, Inc.'s net margin?
Over 3 years (2021 to 2025), Riot Platforms, Inc.'s net margin has grown at a 141.9% compound annual growth rate (CAGR), from -7.2% to -102.4%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.