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Riot Platforms (RIOT)
NASDAQ:RIOT
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.18Last Year’s EPS
0.82Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -12.71%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Riot Platforms demonstrated strong growth in hash rate and Bitcoin holdings, with significant revenue and profit increases. The potential in AI/HPC opportunities presents a promising new revenue stream. However, challenges in decreased Bitcoin production and increased mining costs were noted. Despite these challenges, the positive highlights outweigh the lowlights.Company Guidance
During the Riot Platforms Fourth Quarter 2024 and Full Year 2024 earnings call, the company emphasized its strategic focus on growing its Bitcoin mining operations and exploring opportunities in AI/HPC. Riot increased its self-mining hash rate by 154% to 31.5 exahash and ended 2024 with 17,722 Bitcoin, marking a 141% increase from the previous year, valued at $1.7 billion. The company reported a total revenue of $376.7 million, a 34% year-over-year increase, driven by higher Bitcoin prices. Riot's gross profit was $147.6 million, with a non-GAAP adjusted EBITDA of $463.2 million. The company highlighted its Bitcoin yield strategy, achieving a 39% increase in Bitcoin holdings per share. Riot also moved into AI/HPC opportunities to leverage its power assets and expects to grow its Bitcoin mining hash rate by approximately 22% in 2025.Exponential Hash Rate Growth
Riot increased its self-mining hash rate from 12.4 exahash to 31.5 exahash, representing a 154% increase over 2024, significantly outpacing the global hash rate increase of 67%.
Record Bitcoin Holdings
Riot ended 2024 with 17,722 Bitcoin, a 141% increase from the 7,362 Bitcoin held at the end of 2023, worth $1.7 billion based on the Bitcoin price of $93,354.
Revenue and Profit Surge
Total revenue for 2024 was $376.7 million, a 34% increase year-over-year, and gross profit was $147.6 million, up from $97.6 million in 2023.
Successful Convertible Notes Offering
Riot issued convertible senior notes, lowering cost of capital and expanding institutional investor base, using proceeds to acquire Bitcoin and enhance Bitcoin yield.
AI/HPC Opportunities
Riot is exploring AI/HPC opportunities to maximize asset value, with strategic plans to capitalize on increasing demand for large-scale power access by hyperscalers.
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RIOT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RIOT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $9.99 | $9.32 | -6.71% |
| Oct 30, 2024 | $10.48 | $9.24 | -11.83% |
| Jul 31, 2024 | $10.19 | $9.32 | -8.54% |
| May 01, 2024 | $10.11 | $9.82 | -2.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Riot Platforms (RIOT) report earnings?
Riot Platforms (RIOT) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Riot Platforms (RIOT) earnings time?
Riot Platforms (RIOT) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RIOT EPS forecast?
RIOT EPS forecast for the fiscal quarter 2025 (Q1) is -0.18.
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