NASDAQ$RIOT

Riot Platforms Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Riot had a transformative year with record revenue and emerged as a vertically-integrated industry leader in Bitcoin mining.

Riot Blockchain reported record financial results for the year ended December 31, 2021, with significant increases in mining revenue and hash rate. The company is well-positioned for future growth with low-cost infrastructure and a strong balance sheet.

  • Total mining revenue increased by 1,439% year-over-year.
  • Mining revenue in excess of mining cost of revenues was $138.9 million, representing 75% of total mining revenue.
  • Net loss for 2021 was $(7.9) million, or $(0.08) per share.
  • The Company had $471.9 million in cash and cryptocurrencies at the end of the year.

Headline financials

Total Revenue

$90.9M

Previous: $5.91M+1437.9%
EPS (adj)

-$0.21

Previous: $0.16-231.3%
Capital Expenditures

$68.3M

Previous: $1.87M+3542.4%
Free Cash Flow

-$93.6M

Previous: -$4.2M-2130.2%
Net Income

-$7.9M

Previous: $3.91M-302.0%
Operating Income

-$20.4M

Previous: -$831K-2349.0%
Gross Profit

$55M

Previous: $3.19M+1624.9%
Cash & Equivalents

$472M

Previous: $223M+111.3%
Total Assets

$1.52B

Previous: $280M+443.3%
Stock-Based Comp

$30.6M

Previous: $559K+5367.4%

Revenue & EPS history

Riot · Revenue · Quarterly

$90.9M

Q4 2021+1,437.9%vs Q4 2020
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Riot · $184M total across 1 segment · Q4 2021

  • Bitcoin Mining
    $184M+1436.7%

Forward guidance

Riot Blockchain will continue to leverage its industry-leading position and focus on driving operational, technological and financial improvements that are expected to deliver results for our shareholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-1.5%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+9.1%

Avg return

30 days after

35%

14 / 40 earnings

Positive

+37.3%

Q4 2018

Best reaction

-20.3%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.9%+27.3%+69.6%
Q4 2025-4.3%-13.8%-21.7%
Q3 2025-5.6%-10.1%-23.5%
Q1 2025+7.8%+0.9%+3.9%
Q4 2024-6.7%-7.1%-22.2%
Q3 2024-15.0%-17.4%+16.4%
Q2 2024-10.1%-19.9%-27.4%
Q1 2024+1.9%+6.5%-3.7%
Q4 2023-1.7%+11.3%-24.5%
Q3 2023-6.6%-5.9%+35.1%
Q2 2023-12.2%-14.2%-35.9%
Q1 2023-6.4%-3.1%-9.7%
Q4 2022+3.3%+0.5%+62.7%
Q3 2022-7.9%-7.8%-27.1%
Q2 2022-7.7%-27.0%-23.9%
Q1 2022-10.8%+3.9%-28.7%
Q4 2021+23.6%+31.6%+0.4%
Q3 2021-16.5%-18.1%-41.5%
Q2 2021+9.6%+12.4%-16.3%
Q1 2021-1.8%-12.2%+31.4%
Q4 2020+1.0%-10.1%-46.6%
Q3 2020-5.5%+9.0%+142.5%
Q2 2020-4.0%+0.3%-21.8%
Q1 2020-13.5%+12.4%+67.6%
Q4 2019+2.3%-0.8%+56.6%
Q3 2019-1.3%-1.3%-13.7%
Q2 2019+2.8%-6.6%-3.8%
Q1 2019+22.6%+24.2%-25.6%
Q4 2018+37.3%+26.0%+25.4%
Q3 2018-15.5%-15.5%-13.7%
Q2 2018-20.3%-20.0%-43.4%
Q1 2018+5.9%-7.6%-12.9%
Q4 2017-6.0%-9.0%+30.1%
Q3 2017-2.0%+13.5%+221.6%
Q2 2017-1.3%-3.2%+5.3%
Q1 2017-3.3%+0.3%+8.6%
Q4 2016-2.0%-3.5%-7.6%
Q3 2016+0.4%+5.6%+46.4%
Q2 2016+4.1%+1.3%+24.7%
Q1 2016-3.2%
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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