RIOT Riot Platforms, Inc. - Common Stock
$18.15
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$11–$30
36% of range
Analyst Rating
BUY
28 analysts
Price Target
$32
+79% upside
P/E (TTM)
-9.3
ROE
-21.6%
Net Profit Margin
-102.4%
RIOT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$18.14
Market Cap
$6.74B
P/E (TTM)
-9.3
EPS (TTM)
$-1.95
Revenue (TTM)
$647M
Div Yield
—
ROE
-21.6%
Debt/Equity
0.3
52W Range
$11 – $30
RIOT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$647M
2021-12-31
→
2025-12-31
EPS
$-1.95
2021-12-31
→
2025-12-31
Free Cash Flow
$-774M
2021-12-31
→
2025-12-31
Margins
-102.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
RIOT
Peer Median
P/E (TTM)
-9.3
41.7
P/S (TTM)
10.4
10.8
P/B
2.4
11.3
EV / EBITDA
-26.3
—
Price / FCF
-8.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
RIOT
Peer Median
Operating Margin
-96.1%
—
Net Profit Margin
-102.4%
-0.93%
ROA
-16.9%
0.93%
ROE
-21.6%
-19.7%
ROIC
-16.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
RIOT
Peer Median
Debt / Equity
0.3
—
Current Ratio
1.0
2.1
Quick Ratio
0.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
RIOT
Peer Median
Revenue YoY
71.9%
—
Revenue CAGR 3Y
35.7%
—
Revenue CAGR 5Y
121.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
RIOT
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Oct. 12, 2017 | $1.0000 |
RIOT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
28 analysts
- Strong Buy 6 21.4%
- Buy 20 71.4%
- Hold 2 7.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
21 analysts · 2026-08-19
Median
$30.00
Mean
$32.40
← Below all targets
$18.14
Low
$22.00
High
$45.00
Median target
$30.00
+65.3%
Mean target
$32.40
+78.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.48%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-1.44 | $-0.60 | -0.84% |
| Dec. 31, 2025 | $-2.06 | $-0.29 | -1.8% |
| Sept. 30, 2025 | $0.26 | $0.07 | 0.19% |
| June 30, 2025 | $0.92 | $0.11 | 0.81% |
| March 31, 2025 | $-0.90 | $-0.12 | -0.78% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RIOT | $4.71B | -6.5 | 71.9% | -102.4% | -21.6% | — |
| DBX | $6.75B | 14.9 | -1.1% | 20.2% | -32.8% | 80.1% |
| APPF | — | 60.0 | 19.7% | 14.8% | 28.2% | — |
| QBTS | $9.38B | -23.6 | 178.5% | -1444.1% | -45.9% | 82.6% |
| CIFR | $5.98B | -6.9 | 48.0% | -367.2% | -105.8% | — |
| CORZ | — | — | — | — | — | — |
| RNG | — | 60.2 | 4.8% | — | — | — |
| PEGA | $10.17B | 28.0 | 16.6% | 22.5% | 55.7% | 75.9% |
| ZETA | — | -145.4 | 29.7% | -2.4% | -4.3% | — |
| ACIW | $4.91B | 22.1 | 10.4% | 12.9% | 15.6% | — |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $647M | $377M | $281M | $259M | $213M | $12M | $7M | $8M | $269.7K | · | $101.4K | $167.0K | |
| Cost of Revenue | · | · | · | · | · | $6M | $6M | $6M | $25.2K | · | $30.6K | $71.5K | |
| Gross Profit | · | · | · | · | · | · | · | · | · | $6.4K | $70.8K | $95.5K | |
| R&D Expense | · | · | · | · | · | · | · | · | $20.0K | $249.2K | $2M | $4M | |
| SG&A Expense | $299M | $267M | $100M | $67M | $87M | $87M | $9M | $21M | $7M | $4M | $7M | $7M | |
| Operating Expenses | $1.27B | $223M | $344M | $772M | $243M | $28M | $16M | $67M | $13M | $5M | $9M | $11M | |
| Operating Income | $-622M | $154M | $-63M | $-513M | $-30M | $-16M | $-9M | $-59M | $-13M | $-5M | $-9M | $-10M | |
| Interest Expense | · | · | · | · | $296.0K | · | $122.0K | $123.0K | $5M | $30.2K | $99.0K | $116.2K | |
| Interest Income | · | $564.0K | · | · | · | $85.0K | · | · | $104.9K | $126.3K | $153.6K | · | |
| Other Non-op | $3M | $863.0K | $260.0K | $-59.0K | $15M | $-6.0K | $874.0K | $-2M | $-5M | $2M | $8.1K | $34.0K | |
| Pretax Income | $-663M | $110M | $-55M | $-521M | $-15M | $-14M | $-20M | $-61M | $-18M | $-3M | · | · | |
| Income Tax | $-150.0K | $744.0K | $-5M | $-12M | $254.0K | · | $-143.0K | $-699.0K | $-2M | · | · | · | |
| Net Income | $-663M | $109M | $-49M | $-510M | $-15M | $-14M | $-20M | $-58M | $-20M | $-4M | $-9M | $-10M | |
| EPS (Basic) | $-1.95 | $0.40 | $-0.28 | $-3.65 | $-0.17 | $-0.34 | $-1.02 | · | · | · | · | · | |
| EPS (Diluted) | $-1.95 | $0.34 | $-0.28 | $-3.65 | $-0.17 | $-0.33 | $-1.02 | · | · | · | · | · | |
| Shares (Basic) | 340,719,298 | 275,980,010 | 175,026,051 | 139,433,901 | 93,452,764 | 41,976,704 | 19,597,977 | · | · | · | · | · | |
| Shares (Diluted) | 340,719,298 | 318,925,961 | 175,026,051 | 139,433,901 | 93,452,764 | 41,976,704 | 19,597,977 | · | · | · | · | · | |
| EBITDA | $-279M | $360M | $183M | $-513M | $-22M | · | · | · | · | · | $-8M | · |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $234M | $278M | $597M | $230M | $312M | $223M | $7M | $225.0K | $42M | $6M | $2M | $4M | |
| Short-term Investments | · | · | · | · | $11M | · | · | · | $200.2K | $8M | $14M | $21M | |
| Receivables | $30M | $27M | $25M | $27M | $15M | · | · | · | · | $4.5K | · | · | |
| Inventory | · | · | · | · | · | · | · | · | · | $415.8K | · | · | |
| Prepaid Expense | $59M | $40M | $29M | $33M | $7M | $1M | $1M | $1M | $538.8K | $220.0K | $251.8K | $357.1K | |
| Current Assets | $449M | $599M | $1.01B | $443M | $565M | $236M | $13M | $2M | $42M | $14M | $16M | $25M | |
| PP&E (Net) | $1.53B | $1.34B | $704M | $693M | $276M | $10M | $5M | $26.0K | $4M | $5.5K | $2M | $2M | |
| PP&E (Gross) | $2.13B | $1.79B | $1.06B | $815M | $307M | $14M | $5M | $93.0K | $5M | $116.5K | $5M | $5M | |
| Accum. Depreciation | $605M | $446M | $359M | $122M | $30M | $4M | $100.0K | $67.0K | $468.1K | $111.0K | $3M | $3M | |
| Goodwill | $122M | $122M | · | · | $336M | · | · | · | $1M | $387.2K | $448.0K | $448.0K | |
| Intangibles | $30M | $34M | $16M | $21M | $14M | $336.0K | $459.0K | $507.0K | $510.0K | · | · | $1M | |
| Other Non-current Assets | · | · | · | · | · | · | · | $707.3K | $2M | $938.0K | $2M | $2M | |
| Total Assets | $3.94B | $3.94B | $2.05B | $1.32B | $1.52B | $280M | $30M | $14M | $52M | $17M | $21M | $29M | |
| Accounts Payable | $23M | $18M | $23M | $18M | $20M | $718.0K | $717.0K | $4M | $410.0K | $253.8K | $701.1K | $437.5K | |
| Accrued Liabilities | $143M | $76M | $62M | $65M | $22M | $2M | $2M | $2M | $216.9K | $306.2K | $241.9K | $325.4K | |
| Short-term Debt | · | · | · | · | · | · | · | · | $135.6K | $139.6K | $301.2K | $312.9K | |
| Current Liabilities | $470M | $160M | $121M | $122M | $110M | $2M | $3M | $7M | $1M | $1M | $2M | $2M | |
| Capital Leases | $20M | $24M | $19M | $20M | $12M | · | · | · | · | · | · | · | |
| Deferred Tax | $56M | $215M | $70M | $107M | · | · | · | $143.0K | $699.0K | · | · | · | |
| Other Non-current Liabilities | $19.0K | $6M | $6M | $8M | $6M | · | · | · | · | · | · | · | |
| Total Liabilities | $1.08B | $792M | $163M | $169M | $174M | $3M | $4M | $9M | $3M | $2M | $5M | $5M | |
| Long-term Debt | $841M | $585M | $783.0K | · | · | · | · | · | · | · | · | · | |
| Total Debt | $841M | $585M | · | · | · | · | · | · | · | · | $142.3K | · | |
| Common Stock | $4.21B | $3.83B | $2.69B | $1.91B | $1.60B | $507M | $243M | $203M | $180M | $125M | · | · | |
| Retained Earnings | $-1.35B | $-690M | $-800M | $-756M | $-247M | $-230M | $-217M | $-197M | $-139M | $-110M | $-106M | $-97M | |
| AOCI | · | $222.0K | $150.0K | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $2.86B | $3.14B | $1.89B | $1.15B | $1.35B | $276M | $26M | $4M | $49M | $15M | $16M | $24M | |
| Liabilities + Equity | $3.94B | $3.94B | $2.05B | $1.32B | $1.52B | $280M | $30M | $14M | $52M | $17M | $21M | $29M | |
| Shares Outstanding | 371,575,652 | 344,890,208 | 230,836,624 | 167,751,112 | 116,748,472 | 78,523,517 | 25,082,872 | 14,519,058 | 11,622,112 | 4,503,971 | 3,876,961 | 30,990,029 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $343M | $206M | $246M | $106M | $26M | $26M | $119.0K | $5M | $890.9K | $93.3K | $253.8K | $288.8K | |
| Stock-based Comp | $126M | $125M | $32M | $25M | $68M | $3M | $745.0K | $5M | $3M | $545.5K | $1M | $1M | |
| Deferred Tax | · | · | $-5M | $-13M | · | · | $-143.0K | $699.0K | $2M | · | · | · | |
| Amort. of Intangibles | $4M | $6M | $6M | $2M | $200.0K | $167.0K | $86.0K | $62.0K | $68.0K | · | · | · | |
| Other Non-cash | $-378M | $-696M | $-191M | · | · | · | · | · | · | · | $491.9K | · | |
| Operating Cash Flow | $-573M | $-255M | $33M | $530.0K | $-86M | $-3M | $-15M | $-19M | $-4M | $-6M | $-7M | $-9M | |
| CapEx | $201M | $240M | $194M | $148M | $147M | $8M | $5M | $20M | · | $35.4K | · | $30.1K | |
| Investing Cash Flow | $76M | $-1.51B | $-415M | $-355M | $-491M | $-41M | $-3M | $-25M | $6M | $9M | · | · | |
| Stock Issued | $213M | $977M | $778M | $305M | $685M | $265M | $25M | · | $38M | · | · | $20M | |
| Stock Repurchased | $4M | $12M | $14M | $10M | $5M | $446.0K | · | · | · | · | · | · | |
| Net Stock Activity | $208M | $965M | $764M | $295M | $680M | · | · | · | · | · | · | · | |
| Dividends Paid | · | · | · | · | · | · | · | · | $10M | · | · | · | |
| Financing Cash Flow | $455M | $1.52B | $749M | $272M | $666M | $260M | $26M | $2M | $35M | $-311.1K | · | · | |
| Net Change in Cash | · | · | · | · | · | · | · | $-41M | $36M | $4M | $-2M | $-2M | |
| Taxes Paid | $960.0K | $107.0K | $680.0K | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $-774M | $-495M | $-161M | $-148M | $-233M | · | · | · | · | · | · | · | |
| Levered FCF | · | · | · | · | $-234M | · | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | · | · | · | · | · | 69.8% | · | |
| Operating Margin | -96.1% | 40.8% | -22.5% | -197.8% | -10.5% | · | · | · | · | · | -8628.9% | · | |
| Net Margin | -102.4% | 29.0% | -17.6% | -196.6% | -3.7% | · | · | · | · | · | -8637.7% | · | |
| Pretax Margin | -102.5% | 29.2% | -19.4% | -201.1% | -3.6% | · | · | · | · | · | · | · | |
| EBITDA Margin | -43.1% | 95.5% | 65.4% | -197.8% | -10.5% | · | · | · | · | · | -8378.6% | · | |
| ROA | -16.9% | 3.6% | -2.9% | -36.8% | -0.64% | · | · | · | · | · | -35.3% | · | |
| ROE | -21.6% | 3.7% | -3.0% | -41.7% | -0.75% | · | · | · | · | · | -44.1% | · | |
| ROIC | -16.8% | 4.1% | -3.0% | -43.5% | -1.7% | · | · | · | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 3.7 | 8.3 | 3.6 | 5.2 | · | · | · | · | · | 9.2 | · | |
| Quick Ratio | 0.6 | 1.9 | 5.1 | 2.1 | 3.1 | · | · | · | · | · | 9.0 | · | |
| Debt / Equity | 0.3 | 0.2 | · | · | · | · | · | · | · | · | 0.0 | · | |
| LT Debt / Equity | 0.2 | 0.2 | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | -75.5 | · | · | · | · | · | -88.4 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | · | · | · | · | · | 0.0 | · | |
| Receivables Turnover | 22.8 | 14.5 | 10.9 | 11.7 | 22.4 | · | · | · | · | · | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 71.9% | 34.2% | 8.3% | 21.5% | 1665.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 35.7% | 20.9% | 185.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 121.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $647M | $377M | $281M | $259M | $213M | $12M | $7M | $8M | $269.7K | · | $101.4K | $167.0K | |
| Net Income TTM | $-663M | $109M | $-49M | $-510M | $-15M | $-14M | $-20M | $-58M | $-20M | $-4M | $-9M | $-10M | |
| Market Cap | $4.71B | $3.52B | $3.57B | $569M | $2.61B | · | · | · | · | · | · | · | |
| Enterprise Value | $5.32B | $3.83B | · | · | · | · | · | · | · | · | · | · | |
| P/E | -6.5 | 30.0 | -55.2 | -0.9 | -131.4 | -51.5 | -1.1 | · | · | · | · | · | |
| P/S | 7.3 | 9.3 | 12.7 | 2.2 | 12.2 | · | · | · | · | · | · | · | |
| P/B | 1.6 | 1.1 | 1.9 | 0.5 | 1.9 | · | · | · | · | · | · | · | |
| P / Tangible Book | 1.7 | 1.2 | 1.9 | 0.5 | 2.6 | 4.8 | · | · | · | · | · | · | |
| P / Cash Flow | -8.2 | -13.8 | 107.9 | 1073.0 | -30.2 | · | · | · | · | · | · | · | |
| P / FCF | -6.1 | -7.1 | -22.2 | -3.8 | -11.2 | · | · | · | · | · | · | · | |
| EV / EBITDA | -19.0 | 10.6 | · | · | · | · | · | · | · | · | · | · | |
| EV / FCF | -6.9 | -7.7 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 8.2 | 10.2 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | -15.4% | 3.3% | -1.8% | -107.7% | -0.76% | -1.9% | -91.1% | · | · | · | · | · | |
| Annual Payout | · | · | · | · | · | · | · | · | $10M | · | · | · |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $174M | $167M | $153M | $180M | $153M | $161M | $143M | $85M | $70M | $79M | $79M | $52M | $77M | $73M | $60M | $46M | |
| SG&A Expense | $82M | $76M | $82M | $70M | $76M | $71M | $81M | $67M | $61M | $58M | $39M | $29M | $20M | $13M | $30M | $16M | |
| Operating Expenses | $414M | $667M | $837M | $100M | $-63M | $395M | $-46M | $206M | $187M | $-125M | $45M | $134M | $109M | $56M | $223M | $82M | |
| Operating Income | $-239M | $-500M | $-684M | $80M | $216M | $-234M | $188M | $-122M | $-117M | $204M | $34M | $-83M | $-32M | $17M | $-162M | $-36M | |
| Interest Income | · | · | · | $163.0K | $155.0K | $150.0K | · | $145.0K | $137.0K | $135.0K | · | · | · | · | · | · | |
| Other Non-op | $1M | $-12.0K | $1M | $1M | $244.0K | $93.0K | $732.0K | $90.0K | $33.0K | $8.0K | $-3M | $2M | $5M | $-4M | $8M | $490.0K | |
| Income Tax | · | · | · | · | · | · | $679.0K | $32.0K | $55.0K | $-22.0K | $-79.0K | $-157.0K | $112.0K | $-5M | $-3M | $-3M | |
| Net Income | $-237M | $-500M | $-691M | $104M | $219M | $-296M | $136M | $-154M | $-84M | $212M | $39M | $-80M | $-27M | $19M | $-160M | $-32M | |
| EPS (Basic) | $-0.68 | $-1.44 | $-2.00 | $0.30 | $0.65 | $-0.90 | $0.75 | $-0.54 | $-0.32 | $0.51 | $0.21 | $-0.44 | $-0.16 | $0.11 | $-1.04 | $-0.21 | |
| EPS (Diluted) | $-0.68 | $-1.44 | $-1.89 | $0.26 | $0.58 | $-0.90 | $0.69 | $-0.54 | $-0.32 | $0.51 | $0.21 | $-0.44 | $-0.16 | $0.11 | $-1.04 | $-0.21 | |
| Shares (Basic) | 347,695,985 | 347,624,244 | -672,152,915 | 347,085,375 | 336,278,380 | 329,508,458 | -524,600,349 | 286,243,674 | 264,625,308 | 249,711,377 | -340,611,951 | 180,952,689 | 167,342,813 | 167,342,500 | -261,909,071 | 153,895,123 | |
| Shares (Diluted) | 347,695,985 | 347,624,244 | -774,646,010 | 403,179,486 | 382,677,364 | 329,508,458 | -481,654,398 | 286,243,674 | 264,625,308 | 249,711,377 | -345,383,784 | 180,952,689 | 167,342,813 | 172,114,333 | -261,909,071 | 153,895,123 | |
| EBITDA | $-239M | $-500M | · | $80M | $216M | $-234M | · | $-122M | $-117M | $204M | · | $-48M | $-32M | $-57M | · | $-13M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $471M | $206M | $234M | $331M | $255M | $164M | $278M | $356M | $481M | $688M | $597M | $290M | $289M | $158M | $230M | $255M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $2M | |
| Receivables | $42M | $67M | $30M | $27M | $25M | $20M | $27M | $15M | $14M | $14M | · | $13M | $13M | $20M | · | $17M | |
| Prepaid Expense | $96M | $76M | $59M | $47M | $50M | $45M | $40M | $31M | $31M | $34M | · | $36M | $20M | $22M | · | $22M | |
| Current Assets | $726M | $463M | $449M | $529M | $516M | $450M | $599M | $717M | $744M | $785M | · | $513M | $483M | $366M | · | $477M | |
| PP&E (Net) | $1.55B | $1.59B | $1.53B | $1.36B | $1.30B | $1.31B | $1.34B | $1.17B | $1.04B | $822M | · | $668M | $700M | $717M | · | $650M | |
| PP&E (Gross) | $2.17B | $2.15B | $2.13B | $1.90B | $1.87B | $1.81B | $1.79B | $1.64B | $1.46B | $1.21B | · | $967M | $944M | $897M | · | $730M | |
| Accum. Depreciation | $618M | $562M | $605M | $540M | $566M | $501M | $446M | $471M | $422M | $390M | · | $299M | $244M | $180M | · | $80M | |
| Goodwill | $122M | $122M | $122M | $122M | $122M | $122M | $122M | $97M | · | · | · | · | · | · | · | · | |
| Intangibles | $28M | $29M | $30M | $31M | $32M | $33M | $34M | $11M | $13M | $14M | · | $17M | $19M | $20M | · | $13M | |
| Total Assets | $3.26B | $3.44B | $3.94B | $4.48B | $4.29B | $3.72B | $3.94B | $2.92B | $2.72B | $2.61B | · | $1.46B | $1.36B | $1.25B | · | $1.45B | |
| Accounts Payable | $18M | $11M | $23M | $13M | $18M | $8M | $18M | $13M | $5M | $14M | · | $9M | $13M | $20M | · | $13M | |
| Accrued Liabilities | · | · | $143M | $60M | $70M | $72M | $76M | $45M | $54M | $44M | · | $25M | $27M | $83M | · | $34M | |
| Current Liabilities | $458M | $429M | $470M | $359M | $375M | $139M | $160M | $126M | $97M | $93M | · | $71M | $74M | $112M | · | $107M | |
| Capital Leases | $25M | $26M | $20M | $26M | $25M | $28M | $24M | $21M | $20M | $21M | · | $20M | $20M | $21M | · | $21M | |
| Deferred Tax | · | · | $56M | · | · | · | $215M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $165.0K | $373.0K | $19.0K | $25.0K | $34.0K | $6M | $6M | $6M | $6M | $7M | · | $7M | $7M | $7M | · | $8M | |
| Total Liabilities | $1.07B | $1.04B | $1.08B | $974M | $989M | $774M | $792M | $173M | $139M | $136M | · | $115M | $118M | $158M | · | $154M | |
| Long-term Debt | $5M | $5M | $841M | $5M | $5M | $5M | $585M | $6M | · | · | · | · | · | · | · | · | |
| Total Debt | $843M | $842M | · | $840M | $838M | $585M | · | $6M | · | · | · | · | · | · | · | · | |
| Common Stock | $4.28B | $4.25B | $4.21B | $4.17B | $4.06B | $3.93B | $3.83B | $3.58B | $3.26B | $3.06B | · | $2.23B | $2.08B | $1.90B | · | $1.89B | |
| Retained Earnings | $-2.09B | $-1.85B | $-1.35B | $-663M | $-767M | $-987M | $-690M | $-827M | $-672M | $-588M | · | $-885M | $-840M | $-812M | · | $-592M | |
| AOCI | · | · | · | $221.0K | $195.0K | $245.0K | $222.0K | $189.0K | $-19.0K | $9.0K | · | · | · | · | · | · | |
| Stockholders' Equity | $2.19B | $2.39B | $2.86B | $3.50B | $3.30B | $2.94B | $3.14B | $2.75B | $2.58B | $2.48B | $1.89B | $1.34B | $1.24B | $1.09B | $1.15B | $1.30B | |
| Liabilities + Equity | $3.26B | $3.44B | $3.94B | $4.48B | $4.29B | $3.72B | $3.94B | $2.92B | $2.72B | $2.61B | · | $1.46B | $1.36B | $1.25B | · | $1.45B | |
| Shares Outstanding | 378,022,964 | 378,978,341 | 371,575,652 | 371,116,270 | 363,234,107 | 350,184,294 | 344,890,208 | 324,280,388 | 283,674,768 | 267,991,956 | · | 196,300,944 | 182,250,554 | 166,966,766 | · | 167,296,912 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $98M | $98M | $103M | $83M | $83M | $78M | $82M | $60M | $37M | $32M | $62M | $65M | $66M | $59M | $45M | $27M | |
| Stock-based Comp | $36M | $39M | $33M | $33M | $30M | $30M | $31M | $31M | $32M | $32M | $18M | $14M | $3M | $-2M | $17M | $4M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | $-5M | $-3M | $-3M | |
| Amort. of Intangibles | $900.0K | $900.0K | $1M | $900.0K | $1M | $1M | $1M | $2M | $1M | $2M | $2M | $2M | $1M | $1M | $1M | $400.0K | |
| Operating Cash Flow | $-90M | $-183M | $-106M | $-114M | $-231M | $-122M | $-98M | $-56M | $-43M | $-58M | $45M | $-6M | $-38M | $32M | $1M | $13M | |
| CapEx | $61M | $115M | $82M | $26M | $60M | $33M | $58M | $71M | $54M | $57M | $45M | $41M | $56M | $51M | $19M | $52M | |
| Investing Cash Flow | $357M | $158M | $-3M | $119M | $19M | $-59M | $-783M | $-205M | $-326M | $-194M | $-182M | $-125M | $-33M | $-74M | $-25M | $-59M | |
| Stock Issued | · | · | $13M | $76M | $54M | $70M | $231M | $219M | $174M | $353M | $454M | $136M | · | · | $0 | $32M | |
| Stock Repurchased | $499.0K | $2M | $1M | $3M | $103.0K | $484.0K | $84.0K | $709.0K | $9M | $2M | $110.0K | $974.0K | $12M | $1M | $265.0K | $1M | |
| Net Stock Activity | · | $-2M | · | · | · | $70M | · | · | · | $351M | · | · | · | $-1M | · | · | |
| Financing Cash Flow | $-499.0K | $-2M | $11M | $71M | $304M | $68M | $804M | $209M | $161M | $344M | $444M | $132M | $173M | $-933.0K | $-450.0K | $30M | |
| Taxes Paid | $30.0K | $30.0K | $-63.0K | $152.0K | $840.0K | $31.0K | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | $-298M | · | · | · | $-155M | · | · | · | $-115M | · | · | · | $-19M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -137.4% | -298.9% | · | 44.4% | 141.3% | -144.9% | · | -143.3% | -167.2% | 257.2% | · | -92.2% | -42.3% | -77.6% | · | -86.4% | |
| Net Margin | -136.1% | -299.3% | · | 58.0% | 143.5% | -183.6% | · | -182.1% | -120.6% | 267.1% | · | -87.4% | -36.1% | -76.0% | · | -79.0% | |
| EBITDA Margin | -137.4% | -298.9% | · | 44.4% | 141.3% | -144.9% | · | -143.3% | -167.2% | 257.2% | · | -92.2% | -42.3% | -77.6% | · | -29.1% | |
| ROA | -6.3% | -14.0% | · | 2.8% | 6.3% | -9.4% | · | -7.0% | -4.1% | 11.0% | · | -3.1% | -2.0% | -4.0% | · | -3.0% | |
| ROE | -8.6% | -18.8% | · | 3.3% | 7.5% | -10.9% | · | -7.5% | -4.4% | 11.9% | · | -3.4% | -2.2% | -4.5% | · | -3.5% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.1 | · | 1.5 | 1.4 | 3.2 | · | 5.7 | 7.6 | 8.5 | · | 7.2 | 6.5 | 3.3 | · | 4.5 | |
| Quick Ratio | 1.1 | 0.6 | · | 1.0 | 0.7 | 1.3 | · | 2.9 | 5.1 | 7.6 | · | 4.3 | 4.1 | 1.6 | · | 2.6 | |
| Debt / Equity | 0.4 | 0.4 | · | 0.2 | 0.3 | 0.2 | · | 0.0 | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.0 | · | · | · | · | · | · | · | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.1 | · | 0.0 | |
| Receivables Turnover | 5.1 | 3.9 | · | 8.6 | 7.8 | 9.6 | · | 6.0 | 5.2 | 4.7 | · | 3.5 | 5.2 | 4.1 | · | 4.4 |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $675M | $662M | · | $579M | $469M | $395M | · | $286M | $278M | $281M | · | $248M | $269M | $272M | · | $264M | |
| Net Income TTM | $-414M | $-473M | · | $-127M | $-316M | $-323M | · | $-107M | $20M | $123M | · | $-121M | $-395M | $-331M | · | $-371M | |
| Market Cap | $10.35B | $4.68B | · | $7.06B | $4.10B | $2.49B | · | $2.41B | $2.59B | $3.28B | · | $1.83B | $2.15B | $1.67B | · | $1.17B | |
| Enterprise Value | $10.72B | $5.32B | · | $7.57B | $4.69B | $2.91B | · | $2.06B | · | · | · | · | · | · | · | · | |
| P/E | -21.4 | -8.2 | · | -31.7 | -9.6 | -5.7 | · | -9.4 | -22.3 | 612.0 | · | -13.3 | -4.0 | -4.0 | · | -2.5 | |
| P/S | 15.3 | 7.1 | · | 12.2 | 8.7 | 6.3 | · | 8.4 | 9.3 | 11.7 | · | 7.4 | 8.0 | 6.1 | · | 4.4 | |
| P/B | 4.7 | 2.0 | · | 2.0 | 1.2 | 0.8 | · | 0.9 | 1.0 | 1.3 | · | 1.4 | 1.7 | 1.5 | · | 0.9 | |
| P / Tangible Book | 5.1 | 2.1 | · | 2.1 | 1.3 | 0.9 | · | 0.9 | 1.0 | 1.3 | · | 1.4 | 1.8 | 1.6 | · | 0.9 | |
| P / Cash Flow | · | -25.6 | · | · | · | -20.4 | · | · | · | -56.7 | · | · | · | 51.5 | · | · | |
| P / FCF | · | -15.7 | · | · | · | -16.1 | · | · | · | -28.5 | · | · | · | -89.7 | · | · | |
| EV / EBITDA | -44.8 | -10.6 | · | 94.6 | 21.7 | -12.5 | · | -16.9 | · | · | · | · | · | · | · | · | |
| EV / FCF | · | -17.8 | · | · | · | -18.8 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 15.9 | 8.0 | · | 13.1 | 10.0 | 7.4 | · | 7.2 | · | · | · | · | · | · | · | · | |
| Earnings Yield | -4.7% | -12.1% | · | -3.1% | -10.4% | -17.6% | · | -10.7% | -4.5% | 0.16% | · | -7.5% | -25.1% | -25.0% | · | -40.5% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-09-30 | |
|---|---|---|---|---|---|
| Revenue | $647M | $377M | $281M | $259M | — |
| Operating Margin % | -96.1% | 40.8% | -22.5% | -197.8% | — |
| Net Income | $-663M | $109M | $-49M | $-510M | — |
| Diluted EPS | $-1.95 | $0.34 | $-0.28 | $-3.65 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.2 | — | — | — |
| Current Ratio | 1.0 | 3.7 | 8.3 | 3.6 | — |
| Quick Ratio | 0.6 | 1.9 | 5.1 | 2.1 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-774M | $-495M | $-161M | $-148M | — |
Latest News Recent headlines mentioning this company
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- Flashing Crypto Stock Bull Signal Has Never Been Wrong
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- Riot Platforms, Inc. (RIOT) Pivot to Data Center Opportunities Triggers Price Target Cut
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Institutional owners (13F) 544 filers · $7.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 128 (+25 vs prior Q) | 55 (-14 vs prior Q) | 156 (+3 vs prior Q) | 150 (+20 vs prior Q) | +29.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $594,834,032 | 21,725,129 | 8.19% | Shares |
| Situational Awareness LP | $468,198,000 | 17,100,000 | 6.45% | Shares |
| FMR LLC | $455,971,625 | 16,653,456 | 6.28% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $414,701,258 | 15,146,138 | 5.71% | Shares |
| Starboard Value LP | $276,937,091 | 10,114,576 | 3.81% | Shares |
| STATE STREET CORP | $258,428,787 | 9,438,485 | 3.56% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $253,631,999 | 8,027,814 | 3.49% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $177,335,523 | 6,476,827 | 2.44% | Shares |
| TOMS Capital Investment Management LP | $160,857,500 | 5,875,000 | 2.22% | Shares |
| JANE STREET GROUP, LLC | $154,977,289 | 5,660,237 | 2.13% | Shares |
| D. E. Shaw & Co., Inc. | $149,363,376 | 5,455,200 | 2.06% | Shares |
| Situational Awareness Partners LP | $142,166,413 | 11,502,137 | 1.96% | Shares |
| MIZUHO MARKETS AMERICAS LLC | $140,757,568 | 5,140,890 | 1.94% | Shares |
| AMERICAN CENTURY COMPANIES INC | $125,502,675 | 4,583,733 | 1.73% | Shares |
| JANE STREET GROUP, LLC | $123,971,164 | 4,527,800 | 1.71% | Put option |
| TOMS Capital Investment Management LP | $123,210,000 | 4,500,000 | 1.70% | Call option |
| CITADEL ADVISORS LLC | $118,549,924 | 4,329,800 | 1.63% | Call option |
| BANK OF AMERICA CORP /DE/ | $115,468,715 | 4,217,265 | 1.59% | Shares |
| JANE STREET GROUP, LLC | $105,465,022 | 3,851,900 | 1.45% | Call option |
| Point72 Asset Management, L.P. | $101,713,387 | 3,714,879 | 1.40% | Shares |
| TWO SIGMA INVESTMENTS, LP | $99,458,124 | 3,632,510 | 1.37% | Shares |
| Value Aligned Research Advisors, LLC | $90,095,095 | 3,290,544 | 1.24% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $88,595,273 | 3,235,766 | 1.22% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $84,013,312 | 3,068,419 | 1.16% | Shares |
| AMERIPRISE FINANCIAL INC | $81,513,429 | 2,977,114 | 1.12% | Shares |
| Sachem Head Capital Management LP | $78,443,700 | 2,865,000 | 1.08% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $75,240,322 | 2,748,003 | 1.04% | Shares |
| GOLDMAN SACHS GROUP INC | $75,039,599 | 2,740,672 | 1.03% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $72,513,904 | 2,648,426 | 1.00% | Shares |
| Egerton Capital (UK) LLP | $71,974,655 | 2,628,731 | 0.99% | Shares |
| PEAK6 LLC | $69,282,352 | 2,530,400 | 0.95% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $62,812,403 | 2,294,098 | 0.87% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $59,649,986 | 2,178,597 | 0.82% | Shares |
| CIBC Bancorp USA Inc. | $51,192,934 | 1,869,720 | 0.71% | Shares |
| MILLENNIUM MANAGEMENT LLC | $45,858,762 | 1,674,900 | 0.63% | Shares |
| CITADEL ADVISORS LLC | $45,174,262 | 1,649,900 | 0.62% | Put option |
| WOLVERINE ASSET MANAGEMENT LLC | $44,202,272 | 1,614,400 | 0.61% | Put option |
| Parallax Volatility Advisers, L.P. | $44,109,180 | 1,611,000 | 0.61% | Call option |
| Columbus Hill Capital Management, L.P. | $42,922,449 | 1,567,657 | 0.59% | Shares |
| WOLVERINE TRADING, LLC | $42,487,440 | 2,148,000 | 0.59% | Call option |
| MOORE CAPITAL MANAGEMENT, LP | $39,473,609 | 1,441,695 | 0.54% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $37,610,811 | 1,373,660 | 0.52% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $36,884,748 | 1,347,142 | 0.51% | Shares |
| MILLENNIUM MANAGEMENT LLC | $36,524,920 | 1,334,000 | 0.50% | Call option |
| THAMES CAPITAL MANAGEMENT LLC | $32,900,054 | 1,201,609 | 0.45% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $32,826,375 | 1,198,918 | 0.45% | Shares |
| CIBC WORLD MARKETS CORP | $31,967,449 | 2,523,082 | 0.44% | Shares |
| GOLDMAN SACHS GROUP INC | $31,133,798 | 1,137,100 | 0.43% | Call option |
| Broad Peak Investment Advisers Pte Ltd | $28,735,310 | 1,049,500 | 0.40% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $27,757,954 | 1,013,804 | 0.38% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $25,374,388 | 926,749 | 0.35% | Shares |
| Value Aligned Research Advisors, LLC | $24,384,628 | 890,600 | 0.34% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $22,813,016 | 833,200 | 0.31% | Call option |
| EXCHANGE TRADED CONCEPTS, LLC | $21,310,100 | 778,309 | 0.29% | Shares |
| Point72 Asset Management, L.P. | $21,049,744 | 768,800 | 0.29% | Call option |
| Alphadyne Asset Management LP | $20,513,096 | 749,200 | 0.28% | Put option |
| MetLife Investment Management, LLC | $20,228,673 | 738,812 | 0.28% | Shares |
| Trexquant Investment LP | $19,659,388 | 718,020 | 0.27% | Shares |
| VAN ECK ASSOCIATES CORP | $19,612,075 | 716,292 | 0.27% | Shares |
| CITIGROUP INC | $18,993,506 | 693,700 | 0.26% | Call option |
| Caption Management, LLC | $18,897,676 | 690,200 | 0.26% | Call option |
| Caption Management, LLC | $18,897,676 | 690,200 | 0.26% | Put option |
| Swiss National Bank | $18,648,518 | 681,100 | 0.26% | Shares |
| BARCLAYS PLC | $18,333,648 | 669,600 | 0.25% | Call option |
| Public Sector Pension Investment Board | $17,167,260 | 627,000 | 0.24% | Shares |
| Parallax Volatility Advisers, L.P. | $16,704,538 | 610,100 | 0.23% | Put option |
| BlackRock, Inc. | $16,276,589 | 594,470 | 0.22% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $15,125,000 | 552,428 | 0.21% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $14,998,353 | 547,785 | 0.21% | Shares |
| GOLDMAN SACHS GROUP INC | $14,820,794 | 541,300 | 0.20% | Put option |
| Toroso Investments, LLC | $14,623,296 | 1,154,167 | 0.20% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $14,174,434 | 517,693 | 0.20% | Shares |
| Alberta Investment Management Corp | $14,141,770 | 516,500 | 0.19% | Shares |
| Bank of New York Mellon Corp | $13,281,764 | 485,090 | 0.18% | Shares |
| RHUMBLINE ADVISERS | $13,242,295 | 483,649 | 0.18% | Shares |
| WOLVERINE TRADING, LLC | $12,712,606 | 642,700 | 0.18% | Put option |
| Apis Capital Advisors, LLC | $12,321,000 | 450,000 | 0.17% | Shares |
| NOMURA HOLDINGS INC | $12,310,048 | 449,600 | 0.17% | Call option |
| Alphadyne Asset Management LP | $12,184,100 | 445,000 | 0.17% | Call option |
| Krane Funds Advisors LLC | $11,990,414 | 437,926 | 0.17% | Shares |
| Metavasi Capital LP | $11,390,080 | 416,000 | 0.16% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $11,254,330 | 411,042 | 0.16% | Shares |
| Galaxy Digital Capital Management GP LLC | $10,699,721 | 390,786 | 0.15% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $10,598,059 | 387,073 | 0.15% | Shares |
| FORA Capital, LLC | $10,290,773 | 375,850 | 0.14% | Shares |
| Toroso Investments, LLC | $10,086,587 | 796,100 | 0.14% | Put option |
| NOMURA HOLDINGS INC | $9,834,266 | 359,177 | 0.14% | Shares |
| Walleye Trading LLC | $9,826,682 | 358,900 | 0.14% | Call option |
| STATE OF WISCONSIN INVESTMENT BOARD | $9,603,781 | 350,759 | 0.13% | Shares |
| Clear Street Group Inc. | $9,304,901 | 339,843 | 0.13% | Shares |
| CANTOR FITZGERALD, L. P. | $8,988,991 | 328,305 | 0.12% | Shares |
| ALGERT GLOBAL LLC | $8,961,228 | 327,291 | 0.12% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $8,812,007 | 321,841 | 0.12% | Shares |
| GMT Capital Corp | $8,449,468 | 308,600 | 0.12% | Shares |
| Korea Investment CORP | $8,420,418 | 307,539 | 0.12% | Shares |
| Moody Aldrich Partners LLC | $8,224,678 | 300,390 | 0.11% | Shares |
| Quadrature Capital Ltd | $8,183,745 | 298,895 | 0.11% | Shares |
| Man Group plc | $8,116,938 | 296,455 | 0.11% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $7,834,431 | 286,137 | 0.11% | Shares |
| Balyasny Asset Management L.P. | $7,637,268 | 278,936 | 0.11% | Shares |
Company insiders 48 insiders · 17 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jason Les | CEO | July 31, 2026 F | 4,944,637 | 0 | 1 | $-1,886,733 |
| Christopher Ensey | Interim CEO | Sept. 20, 2018 M | 0 | 0 | 0 | $0 |
| John R. O'Rourke III | President, CEO, Chairman | Dec. 29, 2017 S | 12,500 | 0 | 0 | $0 |
| Steve Lundy | President, CEO | Feb. 3, 2017 A | 20,500 | 0 | 0 | $0 |
| Richard G Donnelly | President & CEO | Jan. 27, 2009 A | 7,000 | 0 | 0 | $0 |
| Lyle Joseph Theriot | The Reporting Person is the Chief Operating Officer of Whinstone US, Inc., a wholly owned subsidiary of Riot Blockchain, Inc. | July 13, 2022 A | 55,623 | 0 | 0 | $0 |
| Megan M. Brooks | Effective as of April 7, 2022, the Reporting Person resigned as the Issuer's Chief Operating Officer and from all other position | July 13, 2022 M | 179,596 | 0 | 0 | $0 |
| Robert Frederick Caspari | COO & Chief Medical Officer | Jan. 19, 2010 A | 3,200 | 0 | 0 | $0 |
| William Richard Jackman | EVP & General Counsel | Jan. 11, 2023 F | 1,006,389 | 0 | 0 | $0 |
| Chad Everett Harris | EVP, CCO | Jan. 11, 2023 F | 975,342 | 0 | 0 | $0 |
| Jeffrey Mcgonegal | Senior Advisor | Jan. 11, 2023 F | 876,280 | 0 | 0 | $0 |
| Soo Il Benjamin Yi | Executive Chairman | Sept. 27, 2022 M | 3,591,464 | 0 | 0 | $0 |
| Richard J. Whitcomb | Senior Vice President | Sept. 21, 2016 A | — | 0 | 0 | $0 |
| Donald R Hurd | SVP & Chief Commercial Officer | Jan. 12, 2015 A | 50,000 | 0 | 0 | $0 |
| Gregory Pusey | VP, Investor Relations | Dec. 11, 2012 A | 21,704 | 0 | 0 | $0 |
| Gregory L Bennett | SVP Manufacturing & Prod Dev | July 8, 2011 A | — | 0 | 0 | $0 |
| Mark Colgin | Chief Scientific Officer | Jan. 5, 2011 A | — | 0 | 0 | $0 |
| Douglas Mouton | Director | July 1, 2026 A | 44,834 | 0 | 0 | $0 |
| Michael John Turner | Director | July 1, 2026 A | 36,450 | 0 | 0 | $0 |
| Jaime Leverton | Director | July 1, 2026 A | 36,450 | 0 | 0 | $0 |
| Lance Varro D'Ambrosio | Director | July 1, 2026 A | 68,891 | 0 | 0 | $0 |
| Hannah Cho | Director | Dec. 31, 2022 F | 96,080 | 0 | 0 | $0 |
| Hubert Marleau | Director | Dec. 31, 2022 F | 92,955 | 0 | 0 | $0 |
| Andrew J Kaplan | Director | March 21, 2018 A | 29,500 | 0 | 0 | $0 |
| Mike Dai | Director | Aug. 21, 2017 A | 7,499 | 0 | 0 | $0 |
| Michael W Routh | Director | Nov. 30, 2016 A | — | 0 | 0 | $0 |
| Stephen Alaric Williams | Director | May 9, 2016 A | — | 0 | 0 | $0 |
| David E Welch | Director | May 9, 2016 A | — | 0 | 0 | $0 |
| Daryl Faulkner | Director | May 9, 2016 A | 10,000 | 0 | 0 | $0 |
| Gail Schoettler | Director | May 9, 2016 A | 3,000 | 0 | 0 | $0 |
| John H Landon | Director | Jan. 12, 2015 A | — | 0 | 0 | $0 |
| Michael R Merson | Director | June 29, 2012 P | 1,180 | 0 | 0 | $0 |
| Douglas I Hepler | Director | April 2, 2012 A | 41,300 | 0 | 0 | $0 |
| Mark J Ratain | Director | April 2, 2012 A | — | 0 | 0 | $0 |
| Northern Data AG | 10% owner | Sept. 2, 2021 S | 6,949,992 | 0 | 0 | $0 |
| Brian E Peierls | 10% owner | April 17, 2007 X | 2,044,728 | 0 | 0 | $0 |
| Peierls Foundation, Inc. | 10% owner | April 17, 2007 X | 2,044,728 | 0 | 0 | $0 |
| Jeffrey E Peierls | 10% owner | April 17, 2007 X | 2,044,728 | 0 | 0 | $0 |
| Roaring Fork Capital SBIC, L.P. | 10% owner | Dec. 26, 2006 S | 768,624 | 0 | 0 | $0 |
| Roger Hurst | 10% owner | Aug. 9, 2006 P | 1,784,500 | 0 | 0 | $0 |
| Cathy Landmann | 10% owner | Sept. 30, 2003 D | 585,060 | 0 | 0 | $0 |
| Stephen Mitchell Howell Jr. | — | Aug. 12, 2026 G | 1,834,408 | 0 | 0 | $0 |
| Ryan D. Werner | — | Aug. 5, 2026 S | 699,493 | 0 | 6 | $-2,206,235 |
| Colin M. Yee | — | July 1, 2026 M | 428,435 | 0 | 0 | $0 |
| Remo Mancini | — | Nov. 16, 2020 M | 471,544 | 0 | 0 | $0 |
| Michael Martin Beeghley | — | Nov. 3, 2017 A | 177,918 | 0 | 0 | $0 |
| Susan A Evans | — | May 9, 2016 A | — | 0 | 0 | $0 |
| Erik Miller | — | April 30, 2012 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 7 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Barry Honig ×9 filings | April 19, 2018 | — | Initial filing | — | SEC |
| Catherine Johanna DeFrancesco ×9 filings | Jan. 10, 2017 | — | Initial filing | — | SEC |
| MGT Capital Investments, Inc., Robert B. Ladd ×3 filings | Sept. 2, 2016 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 6, 2006 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 14, 2006 | — | Initial filing | — | SEC |
| Talon Asset Management, Inc., Talon Opportunity Partners, L.P., Talon Opportunity Managers, L.L.C. | May 13, 2005 | — | Initial filing | — | SEC |
| Howard Lieber (2) | June 27, 2003 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 67 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| HECO · SSGA Active Trust | 13.38% | 633,968 NS | April 30, 2026 | N-PORT |
| DECO · SSGA Active Trust | 13.26% | 121,386 NS | April 30, 2026 | N-PORT |
| TEKX · SSGA Active Trust | 13.00% | 45,780 NS | April 30, 2026 | N-PORT |
| BKCH · Global X Funds | 5.24% | 753,808 NS | May 31, 2026 | N-PORT |
| LFGY · Tidal Trust II | 4.21% | 305,462 NS | April 30, 2026 | N-PORT |
| CEPI · ETF Opportunities Trust | 3.64% | 198,039 NS | April 30, 2026 | N-PORT |
| CRPT · First Trust Exchange-Traded Fund VI… | 2.99% | 126,241 NS | May 31, 2026 | N-PORT |
| FINX · Global X Funds | 1.82% | 131,308 NS | May 31, 2026 | N-PORT |
| AIPO · Tidal Trust II | 0.58% | 159,484 NS | May 31, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.55% | 166,425 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 133,333 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.26% | 12,271 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.24% | 16,418 NS | May 31, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.23% | 18,411 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.19% | 146,871 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.18% | 1,553,181 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.18% | 151,059 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.16% | 45,768 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.15% | 1,249,116 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.14% | 12,841 NS | May 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.10% | 1,039,174 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.10% | 12,988 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.07% | 25,532 NS | May 31, 2026 | N-PORT |
| BLOX · Tidal Trust II | 0.06% | 10,000 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.05% | 7,636 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.05% | 13,634 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.04% | 326 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.04% | 8,162 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.03% | 830,736 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.02% | 96,240 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.02% | 39,780 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.02% | 21,670 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.02% | 77,682 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 88,725 NS | April 30, 2026 | N-PORT |
| GUSA · Goldman Sachs ETF Trust II | 0.01% | 11,144 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.01% | 191,239 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 12,474 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 111,159 NS | April 30, 2026 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.00% | 1,036 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | Aug. 5, 2026 | Daily |