Technology
Price
$22.11
-7.72%Market Cap
$8.36B
Day High
$24.00
Day Low
$21.58
RIOT reported a modest 3.6% revenue increase to $167.2M in Q1 FY2026, but operating losses deepened sharply to -$499.9M (down 113.7% YoY), driven by surging costs and impairments, resulting in a net loss of -$500.5M and EPS of -$1.44.
Key risk: Deepening Operating Losses and Cash Burn
RIOT's operating cash outflow worsened to -$182.7M in Q1 FY2026 from -$122.1M a year ago, a 49.6% deterioration. With an operating margin of nearly -299%, the company is consuming cash at a rate that significantly exceeds its revenue generation, raising sustainability concerns if Bitcoin prices or mining economics deteriorate further.