RIOT PLATFORMS, INC. (RIOT)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-14
$20.95-2.42%
Close 2026-09-14 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-14
Research Workspace
Put RIOT beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Investment Banking & Brokerage is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar broken — Net income improves toward break-even by end 2026: EPS -0.24 vs 0.00 target.
View ThesisRevenue is growing steadily — about 25% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 11%, softest on free-cash-flow margins.
View QualityManagement screens weak on capital allocation, earnings delivery, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 3% on a typical day and fell roughly 49% in its worst 12-month stretch.
View RiskRiot Platforms aims to develop and expand large-scale data centers, which is crucial for growth. Revenue grew 14% year over year, but the latest earnings report showed a loss of -0.24 EPS. The stock trades at 11× price-to-sales, compared to a peer median of 3×. This suggests the price reflects less growth than expected, indicating a potential disconnect. A specific risk is the elevated 57% probability of missing outlooks in the next quarter. Peer multiples imply a price about 4% above where it trades. This read is provisional.
Trailing returns as of 2026-09-14. RIOT is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 21 analysts currently covering RIOT (as of Sep 2026).
Based on 5 Wall Street analysts offering 12-month price targets for RIOT in the last 4 months.
Continue this research
Compare RIOT with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Free account required to save the handoff. No credit card.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| RIOT Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 3 valuation methods, at three horizons. As of 2026-09-14. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Investment Banking & Brokerage — fair value, gap to price, and forward P/E.
Compare the value case
Put RIOT next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Develop and expand large-scale data centers
Secures significant funding for data center expansion.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-14. EPS is implied from price ÷ P/E. Not investment advice.
Current $20.95
The last 12 months of price, then the range of analyst 12-month targets from today’s $20.95.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Develop and expand large-scale data centers
Major lease enhances data center expansion strategy.
Advances: Develop and expand large-scale data centers
Target raise indicates confidence in data center expansion.
Advances: Develop and expand large-scale data centers
Anthropic deal significantly boosts growth potential.
Advances: Develop and expand large-scale data centers
Strategic pivot to AI data centers aligns with growth objectives.
Advances: Develop and expand large-scale data centers
AI lab lease aligns with data center expansion.
Advances: Revenue growth
Price target increase indicates positive revenue growth outlook.
Advances: Improve financial performance
AI ambitions align with revenue growth strategy.