Riot Platforms, Inc. (NASDAQ:RIOT) posted a loss for the fourth quarter on Monday. 

Riot Platforms reported quarterly losses of $2.03 per share on quarterly revenue of $152.83 million, according to data from Benzinga Pro.

Total revenue was $647.4 million for the full year  2025, as compared to $376.7 million for the same 12-month period in 2024. The increase was primarily driven by a $255.3 million increase in Bitcoin (CRYPTO: BTC) mining revenue.

"2025 marked a watershed year for Riot, defined by a strategic evolution in our business that has transformed our future trajectory," said Jason Les, CEO of Riot. "By unlocking our large, nearly two-gigawatt power portfolio for high-demand data center infrastructure, we are driving significant shareholder value."

Riot Platforms shares dipped 2.3% to $16.05 in pre-market trading.

These analysts made changes to their price targets on Riot Platforms following earnings announcement.

• HC Wainwright & Co. analyst Mike Colonnese maintained Riot Platforms with a Buy and lowered the price target from $26 to $23.
• Needham analyst John Todaro maintained the stock with a Buy and cut the price target from $30 to $24.
• Piper Sandler analyst Patrick Moley maintained Riot Platforms with an Overweight rating and lowered the price target from $26 to $21.

Considering buying RIOT stock? Here’s what analysts think:

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