Riot Platforms, Inc. (RIOT) is set to announce its latest quarterly earnings on Wednesday, April 29th, with a consensus estimate EPS of -0.33.
Riot Platforms, Inc. (RIOT) experienced a price drop of $1.48, representing an 8.09% decrease from the previous close. Trading volume surged to $10.80 million, 54.23% above the average.
The last quarterly earnings report for RIOT was on Sunday, March 1st, with a consensus estimate EPS of -0.22 and revenue of $158 million.
Piper Sandler issued a new grade of "Overweight" for RIOT on April 21st, maintaining the previous assessment but advising investors to "hold."
RIOT reported a net change in cash of -$96.57 million, ending the period with $309.79 million in cash. Notable outflows include free cash flow of -$187.99 million and debt repayment of $2.40 million.
RIOT's income statement shows a net loss of $690.75 million, with revenue at $152.83 million and gross profit at $47 million. Operating expenses totaled $174.37 million.
Key financial metrics for RIOT indicate challenges, with negative profit margins and return on equity. The price-to-sales ratio stands at 28.25, while the price-to-book ratio is 1.51.
The balance sheet reveals RIOT's total assets at $3.94 billion, with total liabilities at $1 billion and net debt of $46.33 million.
This report captures RIOT's upcoming earnings, recent performance, financial grades, and key financial metrics, providing investors with a comprehensive view of the company's current status.
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.