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Riot Blockchain Inc Stock Research

RIOT

6.33USD+0.20(+3.26%)Market Closed

Market Summary

USD6.33+0.20
Market Closed
3.26%

RIOT Alerts

RIOT Stock Price

RIOT RSI Chart

RIOT Valuation

Market Cap

1.1B

Price/Earnings (Trailing)

-2.74

Price/Sales (Trailing)

3.65

EV/EBITDA

392.27

Price/Free Cashflow

-4.72

RIOT Price/Sales (Trailing)

RIOT Profitability

Return on Equity

-29.76%

Return on Assets

-26.6%

Free Cashflow Yield

-21.17%

RIOT Fundamentals

RIOT Revenue

Revenue (TTM)

289.9M

Revenue Y/Y

-28.57%

Revenue Q/Q

-36.54%

RIOT Earnings

Earnings (TTM)

-386.7M

Earnings Y/Y

-138.34%

Earnings Q/Q

90.02%

Price Action

52 Week Range

3.2523.66
(Low)(High)

Last 7 days

2.1%

Last 30 days

92.4%

Last 90 days

-10.2%

Trailing 12 Months

-52.9%

RIOT Financial Health

Current Ratio

4.45

RIOT Investor Care

Shares Dilution (1Y)

74.15%

Diluted EPS (TTM)

-2.96

Peers (Alternatives to Riot Blockchain)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.8T
204.1B
5.81% -16.46%
27.4
9.05
10.38% -5.25%
173.1B
17.2B
12.91% -24.81%
35.97
10.07
13.86% -17.57%
48.3B
5.8B
16.35% -1.21%
-336.83
8.3
27.65% 71.90%
41.1B
-
10.11% -2.31%
55.37
11.8
31.07% 33.90%
21.9B
4.3B
13.45% -45.80%
31.38
5.04
11.14% -39.03%
MID-CAP
3.6B
1.8B
5.85% -10.57%
48.9
1.96
-5.95% -38.66%
2.1B
191.7M
7.54% 135.12%
167.41
10.91
25.79% 163.12%
SMALL-CAP
1.1B
273.4M
-6.92% 8.99%
28.19
4.08
12.95% -56.95%
1.1B
289.9M
92.40% -52.94%
-2.74
3.65
133.06% -7331.28%
570.8M
713.3M
18.55% -65.47%
-4.5
0.8
22.70% 26.04%
444.0M
139.8M
3.34% -34.26%
65.72
3.18
19.31% -39.51%
106.0M
8.7M
42.16% -77.19%
-0.36
12.15
-92.45% -240.12%
94.8M
22.1M
5.65% -13.89%
35.67
4.29
5.66% -11.19%

Financials for Riot Blockchain

Income Statement (Last 12 Months)
(In Thousands)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-6.0%289,914308,432313,980213,243124,395
  S&GA Expenses-24.0%77,085101,38894,18787,42951,568
EBITDA-2,078----
EBITDA Margin-0.02*----
EBT Margin--0.16*----
Interest Expenses-296----
Net Income-5.8%-386,724.00-365,498.001,115-7,926.00-5,204.00
Net Income Margin-12.6%-1.33*-1.19*0.07*--
Free Cahsflow23.0%-224,173.00-290,970.00-307,631.00-233,493.00-
* denotes actual numbers (not divided by Thousands)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets1.2%1,4541,4361,5501,531954
  Current Assets-3.9%477496440574179
    Cash Equivalents-5.7%25527011431258
  Net PPE58.1%650411325276201
  Goodwill-100.0%-349336267-
Liabilities4.5%154148162174184
  Current Liabilities6.5%10710111611026
Shareholder's Equity-0.2%1,2991,3021,3881,357770
  Retained Earnings-4.1%-591.61-568.54-202.21-237.80-218.39
Shares Outstanding13.0%16714811711796
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations64.3%-26.24-73.61-125.71-86.38-63.20
  Share Based Compensation-46.2%3870716838
Cashflow From Investing4.8%-598.62-629.04-571.93-490.33-237.42
Cashflow From Financing-0.5%822826570666328
  Buy Backs4.6%13131252

Risks for RIOT

What is the probability of a big loss on RIOT?

100%


Probability that Riot Blockchain stock will be more than 20% underwater in next one year

100%


Probability that Riot Blockchain stock will be more than 30% underwater in next one year.

100%


Probability that Riot Blockchain stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RIOT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Riot Blockchain was unfortunately bought at previous high price.

Drawdowns

Returns for RIOT

Cumulative Returns on RIOT

-8.6%


10-Year Cumulative Returns

18.9%


7-Year Cumulative Returns

-18.0%


5-Year Cumulative Returns

69.1%


3-Year Cumulative Returns

What are the long-term rolling returns for RIOT?

FIve years rolling returns for Riot Blockchain.

Annualized Returns

Which funds bought or sold RIOT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
STRS OHIO
unchanged
-
-5,000
5,000
-%
2023-01-26
Empowered Funds, LLC
sold off
-100
-575,000
-
-%
2023-01-25
Lindbrook Capital, LLC
reduced
-94.61
-5,851
149
-%
2023-01-25
FIFTH THIRD BANCORP
unchanged
-
-18,406
17,594
-%
2023-01-25
Versant Capital Management, Inc
new
-
224
224
-%
2023-01-25
Steel Peak Wealth Management LLC
added
16.66
-183,429
237,571
0.02%
2023-01-24
Sigma Planning Corp
added
7.74
-126,356
137,644
-%
2023-01-24
NATIONAL BANK OF CANADA /FI/
added
400
422
422
-%
2023-01-23
Allspring Global Investments Holdings, LLC
reduced
-2.14
-23,874
22,126
-%
2023-01-23
Sargent Bickham Lagudis LLC
unchanged
-
-2,104
1,896
-%

1–10 of 43

Latest Funds Activity

Are funds buying RIOT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own RIOT
No. of Funds

Riot Blockchain News

AMBCrypto News

Bitcoin (BTC) Price Prediction 2025-2030: Will BTC’s sideways market continue.

AMBCrypto News,
26 hours ago

Innovation & Tech Today

Business 2 Community

InvestorPlace

Schedule 13G FIlings of Riot Blockchain

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2022
susquehanna securities, llc
4.0%
4,763,591
SC 13G/A
Sep 22, 2021
northern data ag
2.1%
2,025,000
SC 13G/A
Sep 07, 2021
northern data ag
7.2%
6,949,992
SC 13G/A
May 27, 2021
northern data ag
12.3%
11,800,000
SC 13G
Feb 16, 2021
susquehanna securities, llc
5.4%
3,636,735
SC 13G
Feb 14, 2020
citadel securities gp llc
1.7%
6
SC 13G/A

RIOT Fair Value

Riot Blockchain fair value in different scenarios

The table shows the Fair Value estimates for Riot Blockchain for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

2.96

-53.24%

4.41

-30.33%

10.02

58.29%

17.87

182.31%

37.66

494.94%

Current Inflation

2.89

-54.34%

4.18

-33.97%

9.06

43.13%

15.84

150.24%

32.83

418.64%

Very High Inflation

2.82

-55.45%

3.91

-38.23%

7.93

25.28%

13.47

112.80%

27.21

329.86%

Historical Riot Blockchain Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Riot Blockchain

View All Filings
Date Filed Form Type Document
Jan 19, 2023
4
Insider Trading
Jan 13, 2023
4
Insider Trading
Jan 13, 2023
4
Insider Trading
Jan 13, 2023
4
Insider Trading
Jan 13, 2023
4
Insider Trading
Jan 13, 2023
4
Insider Trading
Jan 04, 2023
4
Insider Trading
Jan 04, 2023
4
Insider Trading
Jan 03, 2023
8-K
Current Report
Dec 19, 2022
4
Insider Trading

Latest Insider Trading transactions for RIOT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-17
D'Ambrosio Lance Varro
sold
-166,101
6.3885
-26,000
-
2023-01-11
MCGONEGAL JEFFREY
sold (taxes)
-55,704
4.22
-13,200
senior advisor
2023-01-11
Les Jason
sold (taxes)
-70,334.7
4.22
-16,667
chief executive officer
2023-01-11
Harris Chad Everett
sold (taxes)
-40,512
4.22
-9,600
evp, cco
2023-01-11
Jackman William Richard
sold (taxes)
-50,640
4.22
-12,000
evp & general counsel
2023-01-11
Werner Ryan D.
sold (taxes)
-30,384
4.22
-7,200
svp, cao
2022-12-31
Cho Hannah
sold (taxes)
-52,521.3
3.39
-15,493
-
2022-12-31
Marleau Hubert
sold (taxes)
-52,521.3
3.39
-15,493
-
2022-12-15
Jackman William Richard
sold
-100,000
4
-25,000
evp & general counsel
2022-12-07
Harris Chad Everett
sold
-313,595
4.15
-75,565
evp, cco

1–10 of 50

Jason Les
340
Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31,2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is based in Castle Rock, Colorado.

RIOT Income Statement

2021-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:   
Total Revenue$ 213,243$ 12,081$ 6,837
Costs and expenses:   
Acquisition-related costs21,198
Selling, general and administrative87,42910,2519,159
Depreciation and amortization26,3244,494119
Change in fair value of derivative asset(18,626)
Change in fair value of contingent consideration975
Realized gain on sale/exchange of cryptocurrencies(253)(5,184)(665)
Impairment of intangible rights acquired700
Impairment of long-term investment9,413
Impairment of cryptocurrencies36,462989844
Total costs and expenses235,60226,21416,254
Operating loss(22,359)(14,133)(9,417)
Other income (expense):   
Loss on issuance of convertible notes, common stock and warrants(6,155)
Change in fair value of warrant liability(2,869)
Change in fair value of convertible notes(3,896)
Reversal of registration rights penalty1,358
Gain on deconsolidation of Tess1,139
Gain on sale of equipment29
Interest income85
Interest expense(296)(122)
Other income (expense)2,378(6)874
Realized gain on sale/exchange of long-term investment26,260
Unrealized loss on marketable equity securities(13,655)
Total other income (expense)14,6871,466(11,029)
Net loss before taxes(7,672)(12,667)(20,446)
Current income tax expense(254)
Deferred income tax benefit143
Net loss(7,926)(12,667)(20,303)
Net (income) loss attributable to non-controlling interest(7)264
Net loss attributable to Riot Blockchain$ (7,926)$ (12,674)$ (20,039)
Basic and diluted net loss per share (in Dollars per share)$ (0.08)$ (0.3)$ (1.02)
Basic and diluted weighted average number of shares outstanding (in Shares)93,452,76441,976,70419,597,977
Revenue, net - mining [Member]   
Revenue:   
Total Revenue$ 184,422$ 11,984$ 6,741
Costs and expenses:   
Cost of revenues45,5136,2516,097
Revenue, net - hosting [Member]   
Revenue:   
Total Revenue24,546
Costs and expenses:   
Cost of revenues32,998
Revenue, net - engineering [Member]   
Revenue:   
Total Revenue4,178
Costs and expenses:   
Cost of revenues3,582
Other Revenue [Member]   
Revenue:   
Total Revenue$ 97$ 97$ 96

RIOT Balance Sheet

2021-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets  
Cash and cash equivalents$ 312,315$ 223,382
Accounts receivable, net15,398 
Prepaid expenses and other current assets7,1351,257
Costs and estimated earnings in excess of billings9,862 
Cryptocurrencies159,54411,626
Investments in marketable equity securities, at fair value10,804 
Future power credits, current portion58,481 
Total current assets573,539236,265
Property and equipment, net276,48010,143
Deposits266,17033,093
Long-term investments310310
Right of use assets13,1890
Derivative asset26,079 
Intangible assets, net14,162336
Goodwill335,563 
Future power credits, less current portion25,447 
Total assets1,530,939280,147
Current liabilities  
Accounts payable20,037718
Accrued expenses22,0711,582
Billings in excess of costs and estimated earnings5,264 
Deferred revenue, current portion2,84397
Operating lease liability, current portion1,182 
Contingent consideration liability - future power credits, current portion58,481 
Total current liabilities109,8782,397
Deferred revenue, less current portion19,796679
Operating lease liability, less current portion12,257 
Contingent consideration liability - future power credits, less current portion25,447 
Other long-term liabilities6,241 
Total liabilities173,6193,076
Commitments and contingencies - Note 15
Stockholders’ equity  
Common stock, no par value; 170,000,000 shares authorized; 116,748,472 and 78,523,517 shares issued and outstanding as of December 31, 2021 and 2020, respectively1,595,147506,961
Accumulated deficit(237,838)(229,912)
Total stockholders’ equity1,357,320277,071
Total liabilities and stockholders’ equity1,530,939280,147
2% Convertible Preferred Stock Series A [Member]  
Stockholders’ equity  
Preferred stock
0% Convertible Preferred Stock Series B [Member]  
Stockholders’ equity  
Preferred stock$ 11$ 22