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. operates in the Information Technology sector, focusing on application software....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and financial health.

$-0.32

Revenue

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

$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 the last quarter, Riot Platforms reported an EPS of $0.26, significantly beating estimates. However, the stock experienced a decline of 4.87% the following day, indicating mixed market reactions.

Management Promises & Guidance

Focus on improving operational efficiencies.
Commitment to expanding software offerings.
Plans to enhance customer engagement strategies.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Riot Platforms' upcoming earnings, expecting a loss but with potential for revenue growth. The consensus EPS is projected at $-0.32, with revenue estimates around $130 million.

Bull Case

If Riot can exceed revenue expectations and show signs of profitability, it could signal a strong recovery and growth potential in the blockchain sector.

Bear Case

Conversely, if the company fails to meet revenue expectations or reports larger losses, it could lead to further declines in stock price amid investor skepticism.

Key Metrics to Watch

EPS

$-0.32

Earnings per share is a key indicator of the company's profitability and financial health.

Revenue

$130M

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Riot Platforms achieve revenue of at least $130 million this quarter?

Meeting or exceeding this revenue target could indicate strong demand for their products and services, positively influencing investor sentiment.

What specific strategies will management outline to improve profitability?

Investors will be keen to hear actionable plans that could lead to a turnaround in earnings, especially given the projected loss.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Riot's ability to leverage recent technological advancements in blockchain, which could drive unexpected revenue growth.

Supporting Evidence

Recent trends in blockchain adoption suggest a growing market that Riot could capitalize on.

Options pricing indicates a higher expected move than historical averages, suggesting traders are anticipating significant news.

Riot's previous earnings surprises demonstrate its potential to outperform expectations.

Key Risk

If revenue comes in below $130 million, it could undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The debate this quarter centers on whether Riot can turn around its financial performance amidst a challenging market.

Bull Confirmed If

A revenue figure exceeding $130 million would confirm the bullish outlook.

Bear Confirmed If

An EPS loss greater than the consensus of $-0.32 would validate the bearish perspective.

Pre-Earnings Positioning

Options Market

Implied Move

±10.36%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant potential 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 potential average move of +7.32%, confirming a positive outlook for the company.

In-Line / Cautious

An inline report could lead to muted reactions, as the market weighs management's commentary on future growth.

Miss

Should the company miss expectations, history indicates an average decline of +2.79%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth and customer acquisition strategies.
2Updates on product development and software enhancements.
3Management's outlook on market conditions and competition.
4Insights into operational efficiencies and cost management.
5Any commentary on partnerships or collaborations in the blockchain space.

See the full picture

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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 the company's profitability and financial health.

$-0.32

Revenue

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

$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

In the last quarter, Riot Platforms reported an EPS of $0.26, significantly beating estimates. However, the stock experienced a decline of 4.87% the following day, indicating mixed market reactions.

Management Promises & Guidance

Focus on improving operational efficiencies.
Commitment to expanding software offerings.
Plans to enhance customer engagement strategies.

Expectations

Wall Street Expectations

Bull Case

If Riot can exceed revenue expectations and show signs of profitability, it could signal a strong recovery and growth potential in the blockchain sector.

Bear Case

Conversely, if the company fails to meet revenue expectations or reports larger losses, it could lead to further declines in stock price amid investor skepticism.

Key Metrics to Watch

EPS

$-0.32

Earnings per share is a key indicator of the company's profitability and financial health.

Revenue

$130M

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Riot Platforms achieve revenue of at least $130 million this quarter?

Meeting or exceeding this revenue target could indicate strong demand for their products and services, positively influencing investor sentiment.

What specific strategies will management outline to improve profitability?

Investors will be keen to hear actionable plans that could lead to a turnaround in earnings, especially given the projected loss.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Riot's ability to leverage recent technological advancements in blockchain, which could drive unexpected revenue growth.

Supporting Evidence

Recent trends in blockchain adoption suggest a growing market that Riot could capitalize on.

Options pricing indicates a higher expected move than historical averages, suggesting traders are anticipating significant news.

Riot's previous earnings surprises demonstrate its potential to outperform expectations.

Key Risk

If revenue comes in below $130 million, it could undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The debate this quarter centers on whether Riot can turn around its financial performance amidst a challenging market.

Bull Confirmed If

A revenue figure exceeding $130 million would confirm the bullish outlook.

Bear Confirmed If

An EPS loss greater than the consensus of $-0.32 would validate the bearish perspective.

Pre-Earnings Positioning

Options Market

Implied Move

±10.36%

Historical Avg

±3.7%

Pricing rich

The options market is pricing in a significant potential 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 potential average move of +7.32%, confirming a positive outlook for the company.

In-Line / Cautious

An inline report could lead to muted reactions, as the market weighs management's commentary on future growth.

Miss

Should the company miss expectations, history indicates an average decline of +2.79%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth and customer acquisition strategies.
2Updates on product development and software enhancements.
3Management's outlook on market conditions and competition.
4Insights into operational efficiencies and cost management.
5Any commentary on partnerships or collaborations in the blockchain space.