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Riot Platforms Valuation Multiples
Discover revenue and EBITDA valuation multiples for Riot Platforms and similar public comparables like Core Scientific, Cipher Digital, Hut 8, MARA Holdings and more.
Riot Platforms Overview
About Riot Platforms
Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
Founded
2000
HQ
Employees
783
Website
Sectors
Financials (LTM)
EV
$7B
Riot Platforms Financials
Riot Platforms reported last 12-month revenue of $633M and EBITDA of $29M.
In the same LTM period, Riot Platforms generated $240M in gross profit, $29M in EBITDA, and had net loss of ($584M).
Revenue (LTM)
Riot Platforms P&L
In the most recent fiscal year, Riot Platforms reported revenue of $647M and EBITDA of $13M.
Riot Platforms expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $633M | XXX | $647M | XXX | XXX | XXX |
| Gross Profit | $240M | XXX | $246M | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $29M | XXX | $13M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 2% | XXX | XXX | XXX |
| EBIT Margin | (87%) | XXX | (53%) | XXX | XXX | XXX |
| Net Profit | ($584M) | XXX | ($663M) | XXX | XXX | XXX |
| Net Margin | (92%) | XXX | (102%) | XXX | XXX | XXX |
| Net Debt | — | — | $607M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Riot Platforms Stock Performance
Riot Platforms has current market cap of $7B, and enterprise value of $7B.
Market Cap Evolution
Riot Platforms' stock price is $18.11.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $7B | 0.0% | XXX | XXX | XXX | $-1.75 |
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Start Free TrialRiot Platforms Valuation Multiples
Riot Platforms trades at 11.9x EV/Revenue multiple, and 256.8x EV/EBITDA.
EV / Revenue (LTM)
Riot Platforms Financial Valuation Multiples
As of April 19, 2026, Riot Platforms has market cap of $7B and EV of $7B.
Equity research analysts estimate Riot Platforms' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Riot Platforms has a P/E ratio of (11.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 11.9x | XXX | 11.6x | XXX | XXX | XXX |
| EV/EBITDA | 256.8x | XXX | 578.3x | XXX | XXX | XXX |
| EV/EBIT | (13.7x) | XXX | (21.8x) | XXX | XXX | XXX |
| EV/Gross Profit | 31.2x | XXX | 30.5x | XXX | XXX | XXX |
| P/E | (11.8x) | XXX | (10.4x) | XXX | XXX | XXX |
| EV/FCF | (9.3x) | XXX | (10.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Riot Platforms Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Riot Platforms Margins & Growth Rates
Riot Platforms' revenue in the last 12 month grew by 1%.
Riot Platforms' revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.8M for the same period.
Riot Platforms' rule of 40 is 4% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Riot Platforms' rule of X is (8%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Riot Platforms Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (8%) | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Growth | 221% | XXX | 419% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 4% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (8%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 91% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Riot Platforms Public Comps
See public comps and valuation multiples for other Crypto Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Riot Platforms | XXX | XXX | XXX | XXX | XXX | XXX |
| Core Scientific | XXX | XXX | XXX | XXX | XXX | XXX |
| Cipher Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Hut 8 | XXX | XXX | XXX | XXX | XXX | XXX |
| MARA Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| TeraWulf | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Riot Platforms M&A Activity
Riot Platforms acquired XXX companies to date.
Last acquisition by Riot Platforms was on XXXXXXXX, XXXXX. Riot Platforms acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Riot Platforms
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialRiot Platforms Investment Activity
Riot Platforms invested in XXX companies to date.
Riot Platforms made its latest investment on XXXXXXXX, XXXXX. Riot Platforms invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Riot Platforms
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Riot Platforms
| When was Riot Platforms founded? | Riot Platforms was founded in 2000. |
| Where is Riot Platforms headquartered? | Riot Platforms is headquartered in United States. |
| How many employees does Riot Platforms have? | As of today, Riot Platforms has over 783 employees. |
| Who is the CEO of Riot Platforms? | Riot Platforms' CEO is Jason Les. |
| Is Riot Platforms publicly listed? | Yes, Riot Platforms is a public company listed on Nasdaq. |
| What is the stock symbol of Riot Platforms? | Riot Platforms trades under RIOT ticker. |
| When did Riot Platforms go public? | Riot Platforms went public in 2003. |
| Who are competitors of Riot Platforms? | Riot Platforms main competitors are Core Scientific, Cipher Digital, Hut 8, MARA Holdings. |
| What is the current market cap of Riot Platforms? | Riot Platforms' current market cap is $7B. |
| What is the current revenue of Riot Platforms? | Riot Platforms' last 12 months revenue is $633M. |
| What is the current revenue growth of Riot Platforms? | Riot Platforms revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Riot Platforms? | Current revenue multiple of Riot Platforms is 11.9x. |
| Is Riot Platforms profitable? | Yes, Riot Platforms is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Riot Platforms? | Riot Platforms' last 12 months EBITDA is $29M. |
| What is Riot Platforms' EBITDA margin? | Riot Platforms' last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Riot Platforms? | Current EBITDA multiple of Riot Platforms is 256.8x. |
| What is the current FCF of Riot Platforms? | Riot Platforms' last 12 months FCF is ($805M). |
| What is Riot Platforms' FCF margin? | Riot Platforms' last 12 months FCF margin is (127%). |
| What is the current EV/FCF multiple of Riot Platforms? | Current FCF multiple of Riot Platforms is (9.3x). |
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