Equity Profile

RIOT

Riot Platforms, Inc.

Information TechnologyApplication Software$7.2B

Jul30Thu

Pre-Earnings Brief

UpcomingQ4-2025After Close5:00 PM EDT

Company Snapshot

Riot Platforms, Inc. is a technology company focused on developing software applications, particularly in the blockchain and cryptocurrency sectors....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$-0.32

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$130M

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

RIOT Q4-2025 Earnings Preview

Context

Company Snapshot

Riot Platforms, Inc. is a technology company focused on developing software applications, particularly in the blockchain and cryptocurrency sectors. With a market cap of $7 billion, it plays a significant role in the growing interest in digital currencies and related technologies.

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 Q3 2025, Riot Platforms reported an EPS of $0.26, significantly beating expectations of $-0.18. However, the stock fell 4.87% the following day, indicating mixed market reactions despite the positive earnings surprise.

Management Promises & Guidance

Management committed to exploring new software applications in the blockchain space.
They indicated plans to enhance operational efficiency to improve margins.
The company expressed intentions to expand its market presence through strategic partnerships.

Expectations

Wall Street Expectations

Analysts expect Riot Platforms to report a loss this quarter, with a consensus EPS of $-0.32 and revenue of $130 million. The market is watching closely for any signs of recovery or growth in the company's financials.

Bull Case

If Riot can exceed EPS expectations and show strong revenue growth, it may signal a turnaround in profitability and boost investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to further declines in stock price and investor sentiment.

Key Metrics to Watch

Earnings Per Share (EPS)

$-0.32

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue

$130M

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $-0.32?

A beat on EPS could indicate improved profitability and positively influence investor sentiment.

What revenue figures will Riot report compared to the consensus of $130 million?

Revenue performance is crucial for assessing market demand and the company's growth trajectory.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Riot's potential for revenue growth due to recent strategic partnerships that could drive sales.

Supporting Evidence

The company has a history of surprising on EPS, with a 75% beat rate in the last eight quarters.

Options are pricing a larger move than historical averages, indicating heightened expectations.

Recent operational improvements may not be fully reflected in analyst estimates.

Key Risk

If revenue comes in above $130 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results are pivotal as they will reflect the company's ability to navigate a challenging market and improve financial health.

Bull Confirmed If

If Riot reports an EPS better than $-0.32 and revenue exceeding $130 million, it would confirm a positive shift in financial performance.

Bear Confirmed If

An EPS worse than $-0.32 and revenue below $116 million would confirm ongoing challenges for the company.

Pre-Earnings Positioning

Options Market

Implied Move

±10.36%

Historical Avg

±3.7%

Pricing rich

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

Options are pricing ±10.4% while RIOT has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

79.4%

Calls (3.5M)P/C Ratio: 0.29Puts (3.9M)

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 beats expectations, history suggests a modest stock reaction of around -0.85%, but it could confirm a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in the market.

Miss

If the company misses expectations, history suggests a potential decline of around +2.79%, indicating disappointment among investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on new software applications being developed in the blockchain space.
2Updates on operational efficiency improvements and their impact on margins.
3Any commentary on strategic partnerships and their expected contributions to revenue.
4Insights into market demand for Riot's products and services.
5Management's outlook on future earnings and growth prospects.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul27

KRCAMC

Kilroy Realty Corporation

PreviewView

Jul27

PIIAMC

Company Snapshot

Riot Platforms, Inc. is a technology company focused on developing software applications, particularly in the blockchain and cryptocurrency sectors....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$-0.32

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$130M

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

RIOT Q4-2025 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

Management Promises & Guidance

Management committed to exploring new software applications in the blockchain space.
They indicated plans to enhance operational efficiency to improve margins.
The company expressed intentions to expand its market presence through strategic partnerships.

Expectations

Wall Street Expectations

Bull Case

If Riot can exceed EPS expectations and show strong revenue growth, it may signal a turnaround in profitability and boost investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to further declines in stock price and investor sentiment.

Key Metrics to Watch

Earnings Per Share (EPS)

$-0.32

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue

$130M

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $-0.32?

A beat on EPS could indicate improved profitability and positively influence investor sentiment.

What revenue figures will Riot report compared to the consensus of $130 million?

Revenue performance is crucial for assessing market demand and the company's growth trajectory.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Riot's potential for revenue growth due to recent strategic partnerships that could drive sales.

Supporting Evidence

The company has a history of surprising on EPS, with a 75% beat rate in the last eight quarters.

Options are pricing a larger move than historical averages, indicating heightened expectations.

Recent operational improvements may not be fully reflected in analyst estimates.

Key Risk

If revenue comes in above $130 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results are pivotal as they will reflect the company's ability to navigate a challenging market and improve financial health.

Bull Confirmed If

If Riot reports an EPS better than $-0.32 and revenue exceeding $130 million, it would confirm a positive shift in financial performance.

Bear Confirmed If

An EPS worse than $-0.32 and revenue below $116 million would confirm ongoing challenges for the company.

Pre-Earnings Positioning

Options Market

Implied Move

±10.36%

Historical Avg

±3.7%

Pricing rich

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

Options are pricing ±10.4% while RIOT has averaged ±3.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

79.4%

Calls (3.5M)P/C Ratio: 0.29Puts (3.9M)

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 beats expectations, history suggests a modest stock reaction of around -0.85%, but it could confirm a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in the market.

Miss

If the company misses expectations, history suggests a potential decline of around +2.79%, indicating disappointment among investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on new software applications being developed in the blockchain space.
2Updates on operational efficiency improvements and their impact on margins.
3Any commentary on strategic partnerships and their expected contributions to revenue.
4Insights into market demand for Riot's products and services.
5Management's outlook on future earnings and growth prospects.