Equity Profile

RIOT

Riot Platforms, Inc.

Information TechnologyApplication Software$9.3B

Jul30Thu

Pre-Earnings Brief

UpcomingQ4-2025After 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 a key indicator of profitability, and investors will be looking for signs of improvement or continued losses.

$-0.32

Revenue

Revenue figures will provide insight into the company's sales performance and overall 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. operates in the information technology sector, focusing on application software. The company is significant in the growing field of 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 Q3-2025, Riot Platforms reported an EPS of $0.26, significantly beating expectations. However, the stock fell by nearly 5% the following day, indicating mixed investor sentiment despite the positive earnings surprise.

Management Promises & Guidance

Management committed to exploring new software applications in blockchain technology.
They indicated a focus on increasing operational efficiency to improve margins.
Plans to expand their market presence in the cryptocurrency sector were also highlighted.

Expectations

Wall Street Expectations

Analysts expect a challenging quarter for Riot Platforms, with a consensus EPS of -$0.32 and revenue of $130M. Investors are keen to see if the company can maintain its momentum from the previous quarter.

Bull Case

If Riot can exceed revenue expectations and show a path to profitability, it could signal strong demand for its software solutions in the blockchain space.

Bear Case

Conversely, if the company reports wider losses or lower revenue, it may raise concerns about its business model and market position.

Key Metrics to Watch

EPS

$-0.32

Earnings per share is a key indicator of profitability, and investors will be looking for signs of improvement or continued losses.

Revenue

$130M

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS come in better than the consensus estimate of -$0.32?

A better-than-expected EPS could indicate a turnaround in profitability and boost investor confidence.

What will the revenue figures reveal about market demand for Riot's products?

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

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Riot's ability to capitalize on emerging trends in blockchain technology, which could drive unexpected revenue growth.

Supporting Evidence

The company has shown a strong ability to surprise on earnings, with a 75% beat rate historically.

Options pricing suggests a significant move, indicating that traders expect volatility that may not align with conservative revenue estimates.

Key Risk

If revenue exceeds $142M, it could challenge the current bearish outlook and shift investor sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether Riot can sustain its recent positive momentum or if it will face continued challenges.

Bull Confirmed If

Revenue exceeding $130M and a path to profitability indicated by EPS improvement.

Bear Confirmed If

Revenue falling below $116M or wider losses than expected.

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 expect 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 positive reaction, with an average 1-day move of -0.85%, indicating potential profit-taking.

In-Line / Cautious

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

Miss

A miss could lead to a downside move, with historical patterns suggesting an average reaction of +2.79% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new software applications in blockchain technology.
2Details on operational efficiency improvements and their impact on margins.
3Insights into market demand for Riot's products and services.
4Management's outlook on future revenue growth and profitability.
5Any strategic partnerships or expansions into new markets.

See the full picture

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 a key indicator of profitability, and investors will be looking for signs of improvement or continued losses.

$-0.32

Revenue

Revenue figures will provide insight into the company's sales performance and overall 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 blockchain technology.
They indicated a focus on increasing operational efficiency to improve margins.
Plans to expand their market presence in the cryptocurrency sector were also highlighted.

Expectations

Wall Street Expectations

Bull Case

If Riot can exceed revenue expectations and show a path to profitability, it could signal strong demand for its software solutions in the blockchain space.

Bear Case

Conversely, if the company reports wider losses or lower revenue, it may raise concerns about its business model and market position.

Key Metrics to Watch

EPS

$-0.32

Earnings per share is a key indicator of profitability, and investors will be looking for signs of improvement or continued losses.

Revenue

$130M

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS come in better than the consensus estimate of -$0.32?

A better-than-expected EPS could indicate a turnaround in profitability and boost investor confidence.

What will the revenue figures reveal about market demand for Riot's products?

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

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Riot's ability to capitalize on emerging trends in blockchain technology, which could drive unexpected revenue growth.

Supporting Evidence

The company has shown a strong ability to surprise on earnings, with a 75% beat rate historically.

Options pricing suggests a significant move, indicating that traders expect volatility that may not align with conservative revenue estimates.

Key Risk

If revenue exceeds $142M, it could challenge the current bearish outlook and shift investor sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be pivotal in determining whether Riot can sustain its recent positive momentum or if it will face continued challenges.

Bull Confirmed If

Revenue exceeding $130M and a path to profitability indicated by EPS improvement.

Bear Confirmed If

Revenue falling below $116M or wider losses than expected.

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 expect 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 positive reaction, with an average 1-day move of -0.85%, indicating potential profit-taking.

In-Line / Cautious

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

Miss

A miss could lead to a downside move, with historical patterns suggesting an average reaction of +2.79% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new software applications in blockchain technology.
2Details on operational efficiency improvements and their impact on margins.
3Insights into market demand for Riot's products and services.
4Management's outlook on future revenue growth and profitability.
5Any strategic partnerships or expansions into new markets.