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Price / book at other companies

TeraWulf logo
TeraWulfWULF
34.3×+25.3×
Equinix, Inc. logo
Equinix, Inc.EQIX
6.7×+1.0×
Applied Digital logo
Applied DigitalAPLD
4.8×+0.9×
Iris Energy logo
Iris EnergyIREN
4.3×+3.3×
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
3.8×+2.5×
Cipher Digital, Inc.
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Cipher Digital, Inc. CIFR
7.3×+6.2×

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 April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Riot Platforms, Inc.'s price / book?
Riot Platforms, Inc. (RIOT) reported price / book of 2× in Q1 2026.
How has Riot Platforms, Inc.'s price / book changed year-over-year?
Riot Platforms, Inc.'s price / book increased by 131.1% year-over-year, from 0.8× to 2×.
What is the long-term trend for Riot Platforms, Inc.'s price / book?
Over 5 years (2020 to 2025), Riot Platforms, Inc.'s price / book has grown at a -25.5% compound annual growth rate (CAGR), from 7.2× to 1.6×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.