PerpEquities

Equity · Technology

Riot Platforms, Inc. (RIOT) perpetual futures

RIOT perpetual futures on 6 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade RIOTUSDT.

Riot Platforms is a US-based Bitcoin mining company, also designing and manufacturing electrical distribution equipment for various sectors.

$18.72+2.4%NASDAQ closed
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venue perp mark · BingX (RIOT-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

6/6 live markets
Venues
6
Live markets
6/6
24h volume
$911.8K
Open interest
$711.9K
Best liquidity
$200K
Extended
Tightest spread
+21.3 bps
Bybit
Highest volume
$406.2K
BingX
Settlement mix
USDT · 5/6
Perp/spot vol.
0.00x
Spot volume $509.9M
OI / float
+0.01%
Float $6.5B
Spot performance
1D+2.38%
5D+21.18%
1M+7.05%
6M-24.92%
YTD+42.70%
1Y+4.39%

Venue matrix

6 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeRIOT-USDTTrading$18.74+5.5% APR
+0.00500% every 8h
+21.3 bps$13K$406.2K$182.9KUSDT-
BybitTradeRIOT/USDTTrading$18.750.0% APR
0.000% every 8h
+21.3 bps$10.5K$255.8K$179.2KUSDT25x
MEXCTradeRIOT/USDTTrading$18.720.0% APR
0.000% every 8h
+21.3 bps$12.7K$133.9K$123.8KUSDT20x
OKXTradeRIOT/USDTTrading$18.740.0% APR
0.000% every 8h
+21.3 bps$14.2K$76.7K$56.4KUSDT10x
LBankTradeRIOT/USDTTrading$18.740.0% APR
0.000% every 8h
+21.3 bps$59.1K$39.2K$169.7KUSDT50x
ExtendedTradeRIOT/USDTrading$18.72+4.4% APR
+0.00050% every 1h
+25.7 bps$200K$0$0USD5x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Adequate liquidity · 6 of 6 venues absorb $10k · Typical cost: +78.5 bps – +112.4 bps

Cheapest execution: Extended · +18.5 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

RIOT

Tightest spread

RIOT

Highest volume

RIOT

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-04 · next report 2027-03-01 · Updated 2h ago
All financials →

Valuation & key figures

Market cap
$6.8B
Updated 2h ago
Revenue
$675.7M
Trailing 12 months
Revenue growth
+6%
Next fiscal year
Profit margin
-210.8%
P/E
-4.6
Peer P/E 20.7
P/S
10.0
Peer P/E
20.7
Similar listed perps
Free cash flow
-$901.1M
Trailing 12 months
Net income
-$1.4B
Trailing 12 months
Revenue estimate
$686M
Next fiscal year
Earnings
2027-03-01
Revenue est. $179.9M · Updated 2h ago
Dividend
$1
2017-10-12
Revenue (TTM)$676M+6.1% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-76.6%-64.9 pp vs a year agoOperating income -$518M
Net income (TTM)-$1.42B-968.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$901M+41.7% vs a year agoCapex $308M
Diluted EPS (TTM)-$3.97-1,172.8% vs a year agoSum of the last 4 quarters
Net cash-$20.6M+96.2% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-04): revenue beat by 12.8%, EPS beat by 103.0%Revenue $181M vs $161M expected (+12.8%); EPS $0.01 vs -$0.34 (+103.0%).
  • Revenue growth slowing: 0.7% year on yearQ3 '26 revenue $181M, against an average of 34.3% over the four quarters before.
  • Operating margin -76.6% (TTM), -64.9 pp on a year agoOperating income grew -594.9% while revenue grew 6.1%.
  • Capex 45.6% of revenue (a year ago 153.7%)$308M invested in the last 4 quarters (-68.5% on a year earlier). Free cash flow -$901M.

Revenue, operating income and growth

quarterly

Revenue by business line

Q3 '26
LineRevenuey/yShare
Bitcoin Mining Segment$116M-27.8%67.1%
Engineering Segment$56.8M+119.3%32.9%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 242 lines Riot Platforms, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-03-01
Revenue est. $179.9M · Updated 2h ago
Dividend
$1
2017-10-12

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-2.62$686M+6%8
FY 2027-1.14$793M+22%8
FY 2028-0.57$1.3B+95%6
FY 20291.42$2.2B+245%3
FY 20301.21$3.5B+446%2
Q1 2028-0.15$273.2M+63%2

Company events

6
2027-03-01EarningsActual - / Estimate -0.31-
2026-11-04Earnings · Before market openActual 0.01 / Estimate -0.34Beat
2026-08-10EarningsActual -0.68 / Estimate -0.3Miss
2026-04-30EarningsActual -1.44 / Estimate -0.33Miss
2026-03-02EarningsActual -2.03 / Estimate -0.22Miss
2025-10-30EarningsActual 0.26 / Estimate -0.19Beat

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Sep 18, 2026, 05:57 AM UTC

Company profile

Sector
Financial Services
Industry
Financial - Capital Markets
Chief executive
Jason Les
Employees
816
IPO date
Mar 31, 2016
Country
US
Exchange
NASDAQ Capital Market
Website
Altman Z-scorei2.95
Piotroski scorei5/9
Overall ratingiC-
Owner earningsi-$97.54M-$0.28 per share
ESG risk ratingiBIndustry rank: 48 out of 101

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
3
Price to earningsi
1
Price to booki
1
Market cap history
$7.57B-20.6%Jun 26 – Sep 26
$6.61B$8.28B$9.95BHigh: $9.95B · 2026-06-22Low: $6.61B · 2026-08-31Latest: $7.57B · 2026-09-17Jun 26Jul 26Aug 26Sep 26
Latest: $7.57B · 2026-09-17High: $9.95B · 2026-06-22Low: $6.61B · 2026-08-31
Largest fund holders
FundWeightShares held
VTI0.01%10.8M
ANNPX0.95%9.5M
IWM0.23%9.4M
NJM0.29%8.2M
VB0.08%7.8M
VGT0.06%5.6M
FSCSX1.53%5.3M
FSSNX0.3%5.2M
VBK0.19%4.5M
VXF0.07%3.7M
NAJ0.6%3M
ANOGX1.37%2.9M

Analyst track record

How the analysts covering RIOT have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings93288
Analysts2028
Buy / hold / sell92 / 1 / 0280 / 6 / 2
Upgrades / downgrades / initiations0 / 0 / 66 / 1 / 14
Price targets hit / missed0 / 89 (0%)16 / 256 (6%)
Avg. return after a rating (TipRanks)-48.1%-29.5%
Best / worst call-18.0% / -70.5%+96.8% / -70.5%

After buy calls on this stock: median 21-day move -6.3% vs S&P 500 -7.9% (n = 276)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Patrick MoleyPiper Sandler100% hit rate on this stock · 10 targets measuredBuytarget $19.00Oct 20, 2026
  2. Bill PapanastasiouChardan Capital89% hit rate on this stock · 9 targets measuredBuytarget $27.50Apr 26, 2026
  3. Reginald SmithJ.P. Morgan75% hit rate on this stock · 12 targets measuredBuyno targetFeb 18, 2026

Latest ratings

DateAnalystCallTarget
Nov 10, 2026Richard ChoeJ.P. MorganBuyReiterated$28.00
Nov 9, 2026Jonathan PetersenJefferiesBuyUpgraded$28.00
Nov 9, 2026Stephen ByrdMorgan StanleyBuyReiterated$41.00
Nov 9, 2026Stephen ByrdMorgan StanleyBuyReiterated$41.00
Nov 5, 2026Peter ChristiansenCitiBuyMaintained$32.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$15.00$20.00$25.00$30.00$35.00Dec 25 · Buy 19 · Hold 0 · Sell 0Dec 25Jan 26 · Buy 18 · Hold 0 · Sell 0Feb 26 · Buy 18 · Hold 0 · Sell 0Feb 26Mar 26 · Buy 17 · Hold 0 · Sell 0Apr 26 · Buy 14 · Hold 0 · Sell 0Apr 26May 26 · Buy 13 · Hold 1 · Sell 0Jun 26 · Buy 14 · Hold 1 · Sell 0Jun 26Jul 26 · Buy 16 · Hold 1 · Sell 0Aug 26 · Buy 16 · Hold 1 · Sell 0Aug 26Sep 26 · Buy 17 · Hold 1 · Sell 0Oct 26 · Buy 16 · Hold 1 · Sell 0Oct 26Nov 26 · Buy 16 · Hold 1 · Sell 0Dec 25 · avg. target $26.05Jan 26 · avg. target $27.18Feb 26 · avg. target $27.18Mar 26 · avg. target $26.25Apr 26 · avg. target $25.58May 26 · avg. target $27.31Jun 26 · avg. target $31.07Jul 26 · avg. target $31.63Aug 26 · avg. target $34.15Sep 26 · avg. target $33.85Oct 26 · avg. target $32.16Nov 26 · avg. target $33.03Dec 25 · month-end close $12.67Jan 26 · month-end close $15.47Feb 26 · month-end close $16.29Mar 26 · month-end close $12.36Apr 26 · month-end close $17.24May 26 · month-end close $27.11Jun 26 · month-end close $27.38Jul 26 · month-end close $20.17Aug 26 · month-end close $19.00Sep 26 · month-end close $20.15Oct 26 · month-end close $12.81Nov 26 · month-end close $16.71

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 10, 2026 · 93 ratings

Frequently asked questions

Where can I trade RIOT perpetual futures?

Riot Platforms, Inc. (RIOT) perpetual futures trade on 6 crypto venues, including BingX, Bybit, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade RIOT around the clock?

Yes. Unlike the underlying stock, RIOT perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on RIOT perpetuals?

Right now the RIOT perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +5.5% across 6 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the RIOT perp price compare to the Riot Platforms, Inc. stock?

The venue-median RIOT perp mark is $18.7 versus a reference stock price of $18.7, a basis of +0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a RIOT perpetual future?

A RIOT perpetual is a derivative that tracks the price of Riot Platforms, Inc. with no expiry date. It lets you take long or short exposure to Riot Platforms, Inc. on crypto venues, around the clock.

What is RIOTUSDT perpetual?

RIOTUSDT is the symbol most crypto exchanges use for the Riot Platforms, Inc. perpetual settled in USDT (Tether). It tracks the RIOT share price through an index, trades 24/7 with leverage and never expires.

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