Riot Platforms (RIOT) EV to EBITDA (2019 - 2026)
Riot Platforms (RIOT) posted EV to EBITDA of 68.62 for Q2 2026, down 528.54% on a QoQ basis from 10.92 in Q1 2026, and down 642.43% year-over-year from 12.65 in Q2 2025.
Analysis
Riot Platforms (RIOT) EV to EBITDA (2019 - 2026) Analysis & Trends
Riot Platforms has reported EV to EBITDA for 8 years, with the latest figure at 68.62 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 642.43% year-over-year to 68.62 in Q2 2026; TTM through Jun 2026 was 9.17, a 164.79% decrease from a year earlier, with the FY2025 full-year figure at 7.07, down 145.13% from the prior year.
- EV to EBITDA was 68.62 for Q2 2026 at Riot Platforms, down from 10.92 in the prior quarter.
- The five-year high for EV to EBITDA was 60.62 in Q4 2023, with the low at 94.62 in Q3 2022.
- Average EV to EBITDA over 5 years is 3.92, with a median of 1.27 recorded in 2022.
- The sharpest annual moves came in 2023 and 2026: EV to EBITDA surged 5595.96% in 2023, then slumped 642.43% in 2026.
- Over 5 years, EV to EBITDA stood at 1.49 in 2022, then surged by 4163.14% to 60.62 in 2023, then slumped by 78.91% to 12.78 in 2024, then slumped by 150.27% to 6.43 in 2025, then sank by 967.99% to 68.62 in 2026.
- The last three EV to EBITDA figures came in at 68.62 (Q2 2026), 10.92 (Q1 2026), and 6.43 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -68.62 |
| Mar 31, 2026 | -10.92 |
| Dec 31, 2025 | -6.43 |
| Sep 30, 2025 | 41.07 |
| Jun 30, 2025 | 12.65 |
| Mar 31, 2025 | -14.37 |
| Dec 31, 2024 | 12.78 |
| Sep 30, 2024 | -29.52 |
| Jun 30, 2024 | -24.08 |
| Mar 31, 2024 | 10.88 |
| Dec 31, 2023 | 60.62 |
| Sep 30, 2023 | -79.26 |
| Jun 30, 2023 | 57.35 |
| Mar 31, 2023 | 19.66 |
| Dec 31, 2022 | -1.49 |
| Sep 30, 2022 | -94.62 |
| Jun 30, 2022 | -1.04 |
| Mar 31, 2022 | 44.74 |
| Dec 31, 2021 | -236.36 |
| Sep 30, 2021 | -685.70 |