Equity Profile

RIOT

Riot Platforms, Inc.

Information TechnologyApplication Software$7.6B

Apr30Thu

Pre-Earnings Brief

UpcomingQ1-2026After Close5:00 PM EDT

Company Snapshot

Riot Platforms, Inc. operates in the information technology sector, focusing on application software....

Key Metrics to Watch

EPS

Earnings per share is crucial for understanding the company's profitability and how it compares to analyst expectations.

$-0.32

Revenue

Revenue figures will indicate the company's sales performance and overall growth trajectory, especially in the competitive tech landscape.

$129M

Wall Street expectations, options signals, track record, and call prep available with Pro.

RIOT Q1-2026 Earnings Preview

Context

Company Snapshot

Riot Platforms, Inc. operates in the information technology sector, focusing on application software. The company is significant as it plays a role in the growing demand for blockchain technology and cryptocurrency, which are becoming increasingly relevant in today's digital economy.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+106.32%

Avg Stock Reaction

+0.06%

Last Quarter Recap

In the last quarter, Riot Platforms surprised analysts with a positive EPS of $0.26, significantly outperforming expectations. However, the stock reacted negatively, dropping 4.87% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Riot Platforms' upcoming earnings, with expectations set for a loss but potential for revenue growth. The consensus EPS is negative, indicating that the market is bracing for challenges.

Bull Case

If the company can exceed revenue expectations and show signs of profitability, it may signal a turnaround, boosting investor confidence.

Bear Case

Conversely, if the company fails to meet revenue targets or reports deeper losses, it could raise concerns about its long-term viability in a competitive market.

Key Metrics to Watch

EPS

$-0.32

Earnings per share is crucial for understanding the company's profitability and how it compares to analyst expectations.

Revenue

$129M

Revenue figures will indicate the company's sales performance and overall growth trajectory, especially in the competitive tech landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Riot Platforms achieve revenue of at least $129M?

Meeting or exceeding this revenue target will be crucial for demonstrating growth and stability in a challenging market.

What specific factors contributed to the EPS loss of $-0.32?

Understanding the reasons behind the expected loss will help investors gauge the company's operational efficiency and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus is overly pessimistic about Riot's revenue potential, given recent industry trends that suggest a rebound in cryptocurrency demand.

Supporting Evidence

Options pricing indicates a larger move than historical averages, suggesting traders expect significant news.

The company's recent EPS surprises indicate potential for better-than-expected performance.

Past performance shows that even with negative EPS, the stock has reacted positively in some instances.

Key Risk

If revenue exceeds $129M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around the company's ability to generate revenue while managing costs effectively.

Bull Confirmed If

A revenue figure above $129M would confirm the bull case and suggest a positive trend.

Bear Confirmed If

An EPS loss greater than $-0.32 would reinforce the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±19.7%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±19.7% while RIOT has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

80.8%

Calls (1.9M)P/C Ratio: 1.31Puts (1.2M)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

73.57%

of float

Insider

6.75%

of float

Holders

522

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
39,910,169 sh · $742.7M
10.53%
0.8%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Riot Platforms beats expectations, history suggests the stock could see a modest decline of around 0.85% on the first day, but it would confirm a positive trajectory.

In-Line / Cautious

If results come in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

Should the company miss expectations, history indicates a potential increase of around 2.79% in stock price, suggesting a negative market reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new software developments or partnerships that could drive revenue.
2Insights into cost management strategies and their impact on profitability.
3Details on market demand for Riot's products and services.
4Management's outlook on future earnings and growth potential.
5Responses to analyst questions regarding competitive pressures in the industry.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Riot Platforms, Inc. operates in the information technology sector, focusing on application software....

Key Metrics to Watch

EPS

Earnings per share is crucial for understanding the company's profitability and how it compares to analyst expectations.

$-0.32

Revenue

Revenue figures will indicate the company's sales performance and overall growth trajectory, especially in the competitive tech landscape.

$129M

Wall Street expectations, options signals, track record, and call prep available with Pro.

RIOT Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+106.32%

Avg Stock Reaction

+0.06%

Last Quarter Recap

In the last quarter, Riot Platforms surprised analysts with a positive EPS of $0.26, significantly outperforming expectations. However, the stock reacted negatively, dropping 4.87% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If the company can exceed revenue expectations and show signs of profitability, it may signal a turnaround, boosting investor confidence.

Bear Case

Conversely, if the company fails to meet revenue targets or reports deeper losses, it could raise concerns about its long-term viability in a competitive market.

Key Metrics to Watch

EPS

$-0.32

Earnings per share is crucial for understanding the company's profitability and how it compares to analyst expectations.

Revenue

$129M

Revenue figures will indicate the company's sales performance and overall growth trajectory, especially in the competitive tech landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Riot Platforms achieve revenue of at least $129M?

Meeting or exceeding this revenue target will be crucial for demonstrating growth and stability in a challenging market.

What specific factors contributed to the EPS loss of $-0.32?

Understanding the reasons behind the expected loss will help investors gauge the company's operational efficiency and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus is overly pessimistic about Riot's revenue potential, given recent industry trends that suggest a rebound in cryptocurrency demand.

Supporting Evidence

Options pricing indicates a larger move than historical averages, suggesting traders expect significant news.

The company's recent EPS surprises indicate potential for better-than-expected performance.

Past performance shows that even with negative EPS, the stock has reacted positively in some instances.

Key Risk

If revenue exceeds $129M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around the company's ability to generate revenue while managing costs effectively.

Bull Confirmed If

A revenue figure above $129M would confirm the bull case and suggest a positive trend.

Bear Confirmed If

An EPS loss greater than $-0.32 would reinforce the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±19.7%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±19.7% while RIOT has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

80.8%

Calls (1.9M)P/C Ratio: 1.31Puts (1.2M)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

73.57%

of float

Insider

6.75%

of float

Holders

522

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
39,910,169 sh · $742.7M
10.53%
0.8%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Riot Platforms beats expectations, history suggests the stock could see a modest decline of around 0.85% on the first day, but it would confirm a positive trajectory.

In-Line / Cautious

If results come in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

Should the company miss expectations, history indicates a potential increase of around 2.79% in stock price, suggesting a negative market reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new software developments or partnerships that could drive revenue.
2Insights into cost management strategies and their impact on profitability.
3Details on market demand for Riot's products and services.
4Management's outlook on future earnings and growth potential.
5Responses to analyst questions regarding competitive pressures in the industry.