Financials Riot Platforms, Inc.

Equities

RIOT

US7672921050

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 16:00:00 2026-02-09 EST			5-day change	1st Jan Change
14.97 ^USD	+3.60%		-2.28%	+18.15%

02-05	Wall St eyes weaker open on anxiety over Alphabet's capex; software shares steady	RE
01-16	Riot Announces Fee Simple Acquisition of Land and First Data Center Lease with AMD At the Rockdale Site	CI

Projected Income Statement: Riot Platforms, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	12.08	213.2	259.2	280.7	376.7	659.2	743.9	860.2
Change	-	1,664.75%	21.56%	8.3%	34.2%	75.01%	12.85%	15.64%
EBITDA ¹	-	82.42	-67.19	214	463.2	578.1	305.5	179.1
Change	-	-	-181.53%	418.52%	116.42%	24.82%	-47.16%	-41.39%
EBIT ¹	-19.32	-22.36	-457.3	-63.05	153.6	14.83	-180.9	-203.4
Change	-	-15.75%	-1,945.33%	86.21%	343.61%	-90.34%	-1,319.63%	-12.42%
Interest Paid ¹	-	-	0.454	8.222	-	-24.05	-28.08	-48.52
Earnings before Tax (EBT) ¹	-12.67	-7.672	-521.3	-54.56	110.1	-36.31	-214	-270
Change	-	39.43%	-6,694.86%	89.53%	301.86%	-132.96%	-489.3%	-26.17%
Net income ¹	-12.7	-7.926	-509.6	-49.47	109.4	-40.23	-212.3	-267.2
Change	-	37.59%	-6,328.88%	90.29%	321.14%	-136.77%	-427.78%	-25.82%
Announcement Date	3/31/21	3/16/22	3/2/23	2/22/24	2/24/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	5.291	23.2	34.35	64.81	90.85	79.8	72.95	46.29	60.15	73.2	76.74	51.89	78.81	79.3	70.02	84.79	142.6	161.4	153	180.2	159.1	169.8	179.3	184.6	190.1	179.9	192.9	196.1
Change	-	338.42%	48.07%	88.68%	40.18%	-12.16%	-8.59%	-36.54%	29.94%	21.7%	4.83%	-32.38%	51.88%	0.61%	-11.7%	21.09%	68.14%	13.21%	-5.2%	17.81%	-11.75%	6.77%	5.6%	2.95%	2.96%	-5.36%	7.22%	1.65%
EBITDA ¹	-	-	17.8	-1.114	-	11.74	-65.17	0.166	-13.93	7.497	24	31.6	150.9	245.7	-75.21	-3.573	296.2	-176.3	495.3	197.2	62.04	83.89	72.14	94.69	66.06	18.2	13.5	9
Change	-	-	-	-106.26%	-	-	-654.97%	100.25%	-8,491.57%	153.82%	220.19%	31.62%	377.68%	62.79%	-130.61%	95.25%	8,390.4%	-159.53%	380.86%	-60.18%	-68.54%	35.21%	-14%	31.25%	-30.24%	-72.45%	-25.82%	-33.33%
EBIT ¹	-0.831	7.355	-5.151	-4.212	-33.88	37.91	-366	-40.01	-102.9	-56.83	-32.48	-47.83	74.09	203.9	-117	-121.5	188.2	-233.9	216.1	80.05	-49.62	-17.31	-47.32	-17.17	-44.16	-	-	-
Change	-	985.08%	-170.03%	18.23%	-704.44%	211.88%	-1,065.5%	89.07%	-157.12%	44.76%	42.84%	-47.25%	254.91%	175.25%	-157.39%	-3.82%	254.88%	-224.27%	192.42%	-62.96%	-161.99%	65.11%	-173.29%	63.71%	-157.16%	-	-	-
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-	-	4.843	2.318	4.891	7.805	-	-	-	-2.308	-2.759	-8.052	-5.566	-6.577	-7.297	-7.297	-7.297	-	-	-
Earnings before Tax (EBT) ¹	3.917	7.53	23.07	-15.34	-22.93	35.94	-372.5	-39.52	-158.7	-60.66	-27.58	-45.48	79.15	211.8	-84.39	-154.3	137.1	-295.9	219.8	106.2	-114.1	-22.71	-48.49	-21.7	-46.76	-65.64	-59.59	-55.59
Change	-	92.24%	206.33%	-166.51%	-49.42%	256.77%	-1,136.51%	89.39%	-301.53%	61.78%	54.54%	-64.94%	274.02%	167.54%	-139.85%	-82.87%	188.84%	-315.83%	174.27%	-51.69%	-207.51%	80.1%	-113.47%	55.24%	-115.47%	-40.36%	9.22%	6.71%
Net income ¹	3.9	7.53	19.34	-15.34	-19.45	35.63	-366.3	-36.57	-155.8	-55.69	-27.69	-45.32	79.23	211.8	-84.45	-154.4	136.4	-296.4	219.5	104.5	-67.94	-22.71	-48.45	-21.62	-46.72	-64.6	-58.64	-54.71
Change	-	93.08%	156.8%	-179.35%	-26.77%	283.18%	-1,128.19%	90.02%	-325.99%	64.25%	50.28%	-63.7%	274.8%	167.3%	-139.88%	-82.79%	188.39%	-317.22%	174.05%	-52.39%	-165.03%	66.57%	-113.34%	55.37%	-116.07%	-38.25%	9.22%	6.71%
Announcement Date	3/31/21	5/17/21	8/23/21	11/15/21	3/16/22	5/10/22	8/15/22	11/7/22	3/2/23	5/10/23	8/9/23	11/8/23	2/22/24	5/1/24	7/31/24	10/30/24	2/24/25	5/1/25	7/31/25	10/30/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Riot Platforms, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	-	-254	319	483	548
Change	-	-	-	-	-	225.77%	51.41%	13.46%
Announcement Date	3/31/21	3/16/22	3/2/23	2/22/24	2/24/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Riot Platforms, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	147.1	148.4	193.7	240.3	195.7	285.8	40
Change	-	0.88%	30.52%	24.08%	-18.59%	46.04%	-86%
Free Cash Flow (FCF) ¹	-233.5	-	-160.6	-495.4	-877	-1,414	-2,212
Change	-	-	-	-208.43%	-77.03%	-61.17%	-56.53%
Announcement Date	3/16/22	3/2/23	2/22/24	2/24/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Riot Platforms, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	38.66%	-25.93%	76.25%	122.97%	87.71%	41.07%	20.82%
EBIT Margin (%)	-159.9%	-10.49%	-176.45%	-22.46%	40.78%	2.25%	-24.32%	-23.64%
EBT Margin (%)	-104.85%	-3.6%	-201.14%	-19.44%	29.24%	-5.51%	-28.76%	-31.38%
Net margin (%)	-105.12%	-3.72%	-196.61%	-17.63%	29.05%	-6.1%	-28.54%	-31.06%
FCF margin (%)	-	-109.52%	-	-57.23%	-131.52%	-133.05%	-190.02%	-257.2%
FCF / Net Income (%)	-	2,945.91%	-	324.67%	-452.82%	2,179.97%	665.73%	828.18%
Profitability
ROA	-	-	-	-2.94%	3.66%	-1.12%	-6.99%	-8.1%
ROE	-	-0.97%	-	-3.26%	4.35%	-1.53%	-9.13%	-11.39%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	0.55x	1.58x	3.06x
Debt / Free cash flow	-	-	-	-	-	-0.36x	-0.34x	-0.25x
Capital Intensity
CAPEX / Current Assets (%)	-	69%	57.26%	69.01%	63.81%	29.68%	38.41%	4.65%
CAPEX / EBITDA (%)	-	178.5%	-220.87%	90.51%	51.89%	33.84%	93.53%	22.34%
CAPEX / FCF (%)	-	-63.01%	-	-120.6%	-48.52%	-22.31%	-20.22%	-1.81%
Items per share
Cash flow per share ¹	-	-	-	-	-0.7997	0.8401	0.2251	0.2107
Change	-	-	-	-	-	205.05%	-73.21%	-6.39%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	11.63	-	-	9.115	13.66	15.43	16.76
Change	-	-	-	-	-	49.91%	12.92%	8.59%
EPS ¹	-0.3	-0.08	-3.65	-0.28	0.34	-0.2619	-0.4755	-0.5822
Change	-	73.33%	-4,462.5%	92.33%	221.43%	-177.04%	-81.55%	-22.43%
Nbr of stocks (in thousands)	67,530	116,583	167,297	206,515	332,326	371,807	371,807	371,807
Announcement Date	3/31/21	3/16/22	3/2/23	2/22/24	2/24/25	-	-	-