Live Analysis: Riot Platforms, Inc. (RIOT) is currently priced at $26.61, marking a 1.8% increase from the previous close. The trading volume stands at $10 million, representing a 55.92% surge compared to the average. RIOT exhibits steady growth despite market fluctuations.
Earnings Overview: RIOT's latest quarterly earnings report on April 29th revealed a consensus estimate EPS of -0.33. The company reported revenue of $130.29 million, showcasing a stable financial performance.
Grades: Keefe, Bruyette & Woods maintained RIOT's "Outperform" grade, with the stock price at $25.3. Investors are advised to hold their positions based on the latest analysis published on June 10th.
Cash Flow: RIOT's cash flow indicates a net change of -$27.25 million, with operating cash flow at -$182.65 million. The company's cash position at the end of the period is $282.54 million.
Income Statement: RIOT reported a net loss of $500.48 million, resulting in an EPS of -$1.44. The company's EBITDA stands at -$44.64 million, reflecting ongoing investments in growth.
Ratios: RIOT's financial ratios show a quick ratio of 1.08 and a net profit margin of -299.29%. Despite challenges, the company maintains a price-to-book ratio of 1.79, indicating potential value for investors.
Balance Sheet: RIOT's balance sheet highlights total assets of $3.44 billion, with total liabilities at $1 billion. The company's net debt is $83.86 million, showcasing a stable financial position.
This comprehensive report provides insights into RIOT's financial performance, emphasizing its resilience in a dynamic market environment.
Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. The company operates in two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities in Rockdale and Navarro counties, Texas; and two Bitcoin mining sites in Paducah, Kentucky. The company also designs and manufactures power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale commercial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.