Riot Platforms, Inc.

RIOT Financial Capital Markets

Riot Platforms, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $647.4 million, up 71.9% from fiscal 2024.

Revenue
+0.66%
EPS
−96.7%
Free cash flow
−276.7%
Total debt
−29.8%

Quarter to September 2026, against a year earlier

15.11 0.26 −1.69%
Market cap
$5.5B
P/E
0.0×
Fwd P/E
−4.6×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Riot Platforms, Inc. (RIOT) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Riot Platforms, Inc. (RIOT) trades at a P/S ratio of 8.0×. Over the past ten years it has ranged from 1.7× (December 2022) to 2,154× (December 2017); the current reading is higher than 40% of that period. That is above the Capital Markets industry median of 2.1× and above the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 6.7× (10.87%)
FY2024 7.5× (22.15%)
FY2023 9.6× 430.00%
FY2022 1.8× (81.47%)
FY2021 9.8× (83.42%)
FY2020 59.0× 1,738.84%
FY2019 3.2× 24.43%
FY2018 2.6× (99.59%)
FY2017 623× 288.21%
FY2016 160× 203.73%

Quarterly newest first

Period P/S ratio Change
Sep 2026 10.7× (24.51%)
Jun 2026 14.1× 114.59%
Mar 2026 6.6× (1.36%)
Dec 2025 6.7× (35.68%)
43 more quarters

Against its own ten years

Low 1.7× High 2,154×
Ten-year median 9.4×
Current reading's percentile 40

P/S ratio against peers

Company P/S ratio
GLXY Galaxy Digital Inc. compare 0.0×
BGC BGC Group, Inc. compare 1.5×
MRX Marex Group PLC compare 2.3×
MC Moelis & Company compare 2.8×
FIGR Figure Technology Solutions, Inc. compare 6.7×
MKTX MarketAxess Holdings Inc. compare 6.7×
RIOT Riot Platforms, Inc. 8.0×
HUT Hut 8 Corp. compare 18.9×
WULF TeraWulf Inc. compare 29.7×
Capital Markets industry median 2.1×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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