What is the 13F Pro Quality Score for RIOT?

13F Pro ranks Riot Platforms, Inc. (RIOT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View RIOT's current score at https://13fpro.ai/company/RIOT (free sign-up required for the full ranking).

Which hedge funds own the most RIOT stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of RIOT include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/RIOT as soon as new 13F filings post.

Where does 13F Pro source RIOT data?

All Riot Platforms, Inc. fundamentals and ownership data come directly from SEC EDGAR. Riot Platforms, Inc. files with the SEC under CIK 1167419. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is RIOT in?

Riot Platforms, Inc. (RIOT) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives RIOT's revenue?

Per Riot Platforms, Inc.'s latest 10-Q filed with the SEC on 2026-08-10, the biggest revenue drivers are: Bitcoin Mining ($113.7M, -19% YoY); Engineering ($37.3M, +252% YoY); Data Center ($23.2M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/RIOT.

What are RIOT's largest expenses?

Riot Platforms, Inc.'s latest 10-Q reports these as the largest expense items: Depreciation and amortization ($97.8M, +18% YoY); Selling, general, and administrative ($82.0M, +8% YoY); Impairment of property and equipment ($28.0M). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is RIOT research updated on 13F Pro?

RIOT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Riot Platforms, Inc.(RIOT)Stock Analysis

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13F Pro Quality Score

38.3/100

Rank #2,199 of 2,961 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

94.6/100

Profitability

5.4/100

Balance Sheet

6.2/100

Earnings Quality

10.0/100

Free Cash Flow

6.2/100

Institutional Flow

28.3/100

Revenue Scale

42.1/100

Dilution Risk

9.1/100

Email me the moment this company reports earnings

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Why RIOT Scores 38/100

exact factor attribution · 2026-09-11

RIOT's composite is driven by revenue growth, held back by profitability and free cash flow. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+11.9 pts

95th pct

Institutional flow

-1.4 pts

28th pct

Scale

-1.6 pts

42th pct

Shareholder dilution

-2.7 pts

9th pct

Earnings growth

-3.1 pts

4th pct

Earnings quality

-4.0 pts

10th pct

Capital efficiency

-5.8 pts

6th pct

Free cash flow

-6.6 pts

6th pct

Profitability

-8.9 pts

5th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in RIOT

Events flagged as statistical outliers against RIOT's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-07-12
RIOT quality score jumped 17 points (34→51) on a new filing
View source filing →

RIOT Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Riot Platforms, Inc. (RIOT), a Financials sector company. 13F Pro's AI-powered ranking engine scores RIOT at 38.3/100 on a 32-signal composite quality model, placing it at rank #2,199 of 2,961 stocks — the bottom half of the AI-ranked universe. RIOT scores in the top quartile across revenue growth (94.6). Areas of concern include profitability (5.4) and balance sheet strength (6.2), which score below median versus the broader universe. Shareholder dilution risk is elevated at 9.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Riot Platforms, Inc. reports quarterly revenue of $174.2M, net income of $-237.2M, free cash flow of $-150.9M. Top institutional holders of RIOT by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, FMR, based on the most recent SEC filings. RIOT trades on the Nasdaq exchange and files with the SEC under CIK 1167419. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RIOT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Riot Platforms, Inc. directly from SEC EDGAR. Riot Platforms, Inc.'s 13F Pro composite quality score has ranged between 30 and 67 since 2023, currently 38.3 — an improving long-term trajectory across 61 quarterly and live scoring snapshots.

✦

Fun facts about Riot Platforms, Inc.

Quirks, history, and lore behind RIOT — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. digital assets company · listed on Nasdaq · headquartered in Colorado · operates in the cryptocurrency infrastructure space.
2
The Numbers
The company runs one of the largest Bitcoin mining operations in North America, consuming gigawatts of power and holding significant BTC on its balance sheet.
3
The History
Originally founded as a biotech company before pivoting hard into crypto mining around 2017 — one of the more dramatic identity changes in recent market history.
4
The Secret
It doesn't just mine — it also operates a Bitcoin mining pool and has built out a massive data center campus in Rockdale, Texas, one of the largest of its kind in the world.
5
The Lore
Its stock is famously correlated with Bitcoin's price, making it a de facto leveraged BTC bet for investors too cautious to hold crypto directly — for better or spectacularly worse.
6
The Giveaway
Its ticker is literally a call to arms, its name evokes a video game villain, and its entire existence is a bet that digital gold is worth digging for — meet the company that mines Bitcoin at industrial scale.

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What's Driving RIOT's Business? Latest 10-Q Breakdown

AI-extracted from Riot Platforms, Inc.'s 10-Q filed 2026-08-10 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Riot reported Q2 revenue of $174.2M (+14% YoY) driven by new Data Center segment ($23.2M) and Engineering growth (+252% YoY to $37.3M), but Bitcoin Mining revenue fell 19% to $113.7M amid lower bitcoin prices despite 15% hash rate growth.

Biggest Revenue Drivers

Bitcoin Mining$113.7M-19% YoY

Lower average bitcoin price of $71,667 per bitcoin in Q2 2026 vs. $98,800 in Q2 2025, partially offset by 11.3% increase in bitcoin production due to 17.4% higher average operating hash rate.

Engineering$37.3M+252% YoY

Strong third-party data center demand for custom electrical equipment used in data center development and power generation facilities.

Biggest Revenue Drivers

Total revenue: $174.2M+14% YoY

Bitcoin Mining$113.7M-19% YoY

Lower average bitcoin price of $71,667 per bitcoin in Q2 2026 vs. $98,800 in Q2 2025, partially offset by 11.3% increase in bitcoin production due to 17.4% higher average operating hash rate.

Engineering$37.3M+252% YoY

Strong third-party data center demand for custom electrical equipment used in data center development and power generation facilities.

Data Center$23.2M

Leasing activity and tenant fit-out services from AMD Lease; segment recognized as reportable for first time in Q1 2026.

Largest Expense Items

Depreciation and amortization$97.8M+18% YoY

Increase primarily due to higher number of miners deployed across facilities.

Selling, general, and administrative$82.0M+8% YoY

$5.4M increase in stock-based compensation, $4.8M increase in compensation expense, offset by $6.3M decrease in legal and professional fees from settled litigation.

Impairment of property and equipment$28.0M

Long-lead items in Construction in progress at Rockdale impaired due to strategic shift from bitcoin mining expansion to data center application purposes.

Watch Items from the Filing

Bitcoin price decline: Average bitcoin price fell to $71,667 in Q2 2026 from $98,800 in Q2 2025; company held 11,380 bitcoin valued at $666M as of June 30, 2026, down 45% from $2.1B at year-end 2025.
Regulatory risk intensified: Texas SB 6 enacted in 2025; PUCT directed August 3, 2026 comprehensive audit of all data center projects in ERCOT interconnection; potential 12CP cost-allocation methodology and curtailment obligations could materially increase transmission costs.
AMD Lease concentration: Data Center segment revenue of $23.2M (Q2) and $56.4M (H1) entirely from single AMD customer; AMD holds expansion rights up to 200 MW total capacity.
Subsequent $573M credit facility and Tenant Lease: Announced August 2026 entry into $9.1B base-rent 20-year lease with leading AI lab for 191 MW at Rockdale; $573M interim facility to fund procurement; non-recourse to parent company.
Operating cash burn: Company reported negative operating cash flow of $272.8M in H1 2026; sustained $737.6M net loss reflects $401.3M non-cash fair value loss on bitcoin holdings, $195.5M depreciation, and $28.0M impairment.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$174.2M

Net Income

Q2 2026

$-237.2M

Free Cash Flow

Q2 2026

$-150.9M

ROIC

Q2 2026

-31.6%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+71.9% YoY

$647.4MFY 2025

FY22 $259.2MFY23 $280.7MFY24 $376.7MFY25 $647.4M

Net Income

-706.2% YoY

$-663.2MFY 2025

FY22 $-509.6MFY23 $-49.5MFY24 $109.4MFY25 $-663.2M

Operating Income

-505.1% YoY

$-622.2MFY 2025

FY22 $-512.7MFY23 $-63.0MFY24 $153.6MFY25 $-622.2M

EPS (Diluted)

-673.5% YoY

$-1.95FY 2025

FY22 $-3.65FY23 $-0.28FY24 $0.34FY25 $-1.95

Total Assets

+0.0% YoY

$3.94BFY 2025

FY22 $1.32BFY23 $2.05BFY24 $3.94BFY25 $3.94B

Total Debt

+87.1% YoY

$1.09BFY 2025

FY22 —FY23 $783.0KFY24 $584.9MFY25 $1.09B

Op. Cash Flow

-124.6% YoY

$-572.9MFY 2025

FY22 $530.0KFY23 $33.1MFY24 $-255.1MFY25 $-572.9M

Free Cash Flow

-56.3% YoY

$-774.3MFY 2025

FY22 $-147.9MFY23 $-160.6MFY24 $-495.4MFY25 $-774.3M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$647.4M +71.9%	$376.7M +34.2%	$280.7M +8.3%	$259.2M +21.5%	$213.2M +1665.1%	$12.1M
Net Income	$-663.2M -706.2%	$109.4M +321.1%	$-49.5M +90.3%	$-509.6M -6328.9%	$-7.9M +37.5%	$-12.7M
Operating Income	$-622.2M -505.1%	$153.6M +343.6%	$-63.0M +87.7%	$-512.7M -2193.0%	$-22.4M -58.2%	$-14.1M
EPS (Diluted)	$-1.95 -673.5%	$0.34 +221.4%	$-0.28 +92.3%	$-3.65 -2047.1%	$-0.17 +48.5%	$-0.33
Total Assets	$3.94B +0.0%	$3.94B +91.9%	$2.05B +55.4%	$1.32B -13.8%	$1.53B +446.5%	$280.1M
Total Debt	$1.09B +87.1%	$584.9M +74604.9%	$783.0K	—	—	—
Operating Cash Flow	$-572.9M -124.6%	$-255.1M -870.9%	$33.1M +6142.5%	$530.0K +100.6%	$-86.4M -674.9%	$-11.1M
Free Cash Flow	$-774.3M -56.3%	$-495.4M -208.4%	$-160.6M -8.6%	$-147.9M +36.7%	$-233.5M -1110.7%	$-19.3M

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Available Research

13F Pro tracks comprehensive data for Riot Platforms, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of RIOT

BlackRock, Inc.
$875.7M31,984,547 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$594.8M21,725,129 sh
FMR LLC
$537.9M19,645,295 sh
Situational Awareness LP
$468.2M17,100,000 sh
JANE STREET GROUP, LLC
$460.7M16,826,113 sh
VANGUARD CAPITAL MANAGEMENT LLC
$414.7M15,146,138 sh
FMR LLC
$298.3M148,636,000 sh
GEODE CAPITAL MANAGEMENT, LLC
$287.8M9,275,453 sh
Starboard Value LP
$276.9M10,114,576 sh
LINDEN ADVISORS LP
$266.0M132,098,000 sh

Fund	Value	Shares
BlackRock, Inc.	$875.7M	31,984,547
VANGUARD PORTFOLIO MANAGEMENT LLC	$594.8M	21,725,129
FMR LLC	$537.9M	19,645,295
Situational Awareness LP	$468.2M	17,100,000
JANE STREET GROUP, LLC	$460.7M	16,826,113
VANGUARD CAPITAL MANAGEMENT LLC	$414.7M	15,146,138
FMR LLC	$298.3M	148,636,000
GEODE CAPITAL MANAGEMENT, LLC	$287.8M	9,275,453
Starboard Value LP	$276.9M	10,114,576
LINDEN ADVISORS LP	$266.0M	132,098,000

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Is RIOT a good stock to buy?

13F Pro's AI-powered analysis of Riot Platforms, Inc. (RIOT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for RIOT are available on the RIOT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. RIOT is classified as a mid company.

Which hedge funds own RIOT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling RIOT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Riot Platforms, Inc.'s investment landscape.