RIOT

RIOT Earnings Preview

Riot Platforms, Inc. · Financial Services · $7B

8d until earnings

RIOT Earnings

Thursday, Apr 30 2026
EPS Estimate
$-0.32
$-0.32 – $-0.32
Revenue Estimate
$129M
Current Price
$17.41

Our Position

bearish

Riot will keep selling Bitcoin to fund operations

structured data est. revisions rising (+6600.8pp / 30d)

This shifts Riot from a Bitcoin accumulation strategy to a liquidity-first model. For a miner that grew revenue 71% last year — driven by $255 million in Bitcoin mining gains — selling the asset you mine signals cash flow pressure or aggressive expansion that can't self-fund.

Watch: Bitcoin price moves will directly impact how fast Riot burns through its treasury. If BTC stays elevated, they can fund growth with fewer coins sold. If it falls, the runway shrinks fast.

Data Signal Summary

2 bullish
2 bearish
Estimates up +9% Insider selling cluster Put/call 0.5 (bullish skew) Price downtrend

Key Context

Analyst Consensus
mixed
Insider Activity
selling
Price Trend
downtrend
From 52w High
-3.9%
Est. Revisions (30d)
+8.6% 0up/0dn
Analyst Target (mean)
$25 $13–$42 +45%
Options P/C Ratio
0.51 1C/0P unusual
Est. Dispersion
0% 1 analysts
Insider Cluster
strong sell
Fund Convergence
strong Citadel, Elliott, Renaissance, D.E. Shaw, Bridgewater

Recent Activity

insider trades 43 transactions
Award · LES JASON (Chief Executive Officer) ·1,420,677 shares
Award · YI SOO IL BENJAMIN (Officer and Director) ·1,420,677 shares
Award · JACKMAN WILLIAM RICHARD (Officer) ·591,948 shares
Award · WERNER RYAN D. (Officer) ·177,582 shares
Award · CHUNG JASON (Officer) ·710,337 shares
38 more
Award · HOWELL STEPHEN MITCHELL JR ·591,948 shr
Award · GIBBS JONATHAN ·710,337 shr
Sell · WERNER RYAN D. ·14,984 shr ·$344,632
Sell · LES JASON ·113,948 shr ·$2,283,518
Sell · LES JASON ·12,800 shr ·$256,000
Sell · LES JASON ·23,252 shr ·$465,970
Sell · JACKMAN WILLIAM RICHARD ·248,168 shr ·$3,916,091
Sell · LES JASON ·100,000 shr ·$1,512,000
Award · D'AMBROSIO LANCE VARRO ·16,103 shr
Award · LEVERTON JAIME MARGOT JENNIE ·16,103 shr
Award · TURNER MICHAEL JOHN ·16,103 shr
Award · MOUTON DOUGLAS ·16,103 shr
Sell · WERNER RYAN D. ·3,747 shr ·$44,514
Award · WERNER RYAN D. ·199,645 shr
Other · YEE COLIN M. ·124,823 shr
Award · HOWELL STEPHEN MITCHELL JR ·665,483 shr
Other · LEVERTON JAIME MARGOT JENNIE ·12,000 shr
Award · GIBBS JONATHAN ·583,430 shr
Buy · MOUTON DOUGLAS ·8,384 shr ·$64,892
Sell · CHO HANNAH ·12,000 shr ·$92,400
Sell · MARLEAU HUBERT R ·61,000 shr ·$584,380
Award · TURNER MICHAEL JOHN ·12,000 shr
Award · MOUTON DOUGLAS ·12,000 shr
Sell · LES JASON ·50,000 shr ·$567,000
Sell · CHO HANNAH ·10,025 shr ·$126,023
Sell · D'AMBROSIO LANCE VARRO ·25,000 shr ·$175,035
Sell · MARLEAU HUBERT R ·17,861 shr ·$137,530
Sell · CHO HANNAH ·27,861 shr ·$239,883
Award · MARLEAU HUBERT R ·24,000 shr
Award · LES JASON ·1,130,652 shr
Award · YI SOO IL BENJAMIN ·1,130,652 shr
Award · CHO HANNAH ·24,000 shr
Award · JACKMAN WILLIAM RICHARD ·753,768 shr
Award · WERNER RYAN D. ·226,128 shr
Other · YEE COLIN M. ·41,071 shr
Award · D'AMBROSIO LANCE VARRO ·24,000 shr
Award · CHUNG JASON ·753,768 shr
Award · HOWELL STEPHEN MITCHELL JR ·376,884 shr
analyst ratings 1 rating
Piper Sandler Overweight 21h ago