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Riot Platforms, Inc.(RIOT)

F

Financial data as of Dec 31, 2024Declining · Crypto Related

FCF Margin-404.2%Free Cash Flow / Revenue
Cash Conversion-233.1%Operating CF / Net Income
Free Cash Flow-$1.5B
Revenue$376.7M
Net Cash-$335.3MNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio3.74Adequate short-term liquidity
YoY FCF Growth-36.7%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Negative FCF in 4 of last 4 quarters
→
-1Significant YoY FCF decline (-36.7%)
→
-1Only 0 positive quarters recently
→
FinalF

Analysis Summary

Strengths

  • Strong liquidity (current ratio: 3.74)

Concerns

  • Negative FCF margin (-404.2%)
  • Net debt position ($0.3B)
  • Only 0 positive FCF quarters recently
  • Significant YoY FCF decline (-36.7%)
  • Significant FCF decline (-36.7% YoY)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-404.2%
Net Margin29.0%
Operating CF Margin-67.7%
CapEx Ratio336.5%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$335.3MNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio3.74Strong liquidity
Debt / Equity0.20Low leverage

Quarterly FCF Trend

-36.7% YoYDeclining (-36.7%)

Free cash flow per quarter

Sector Comparison — Crypto Related

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameRiot Platforms, Inc.
SectorCrypto Related
Free Cash Flow-$1.5B
Revenue$376.7M
Net Income$109.4M
Operating Cash Flow-$255.1M
Capital Expenditure$1.3B
FCF Margin-404.2%
Cash Conversion Rate-233.1%
Net Margin29.0%
Total Debt$613.2M
Total Cash$277.9M
Net Cash-$335.3M
Current Ratio3.74
Debt / Equity0.20
Debt / FCFN/A
YoY FCF Growth-36.7%
Positive Quarters0 of 5
Trend DirectionDeclining
Report DateDec 31, 2024
GradeF
Data SourceYahoo Finance

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