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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Riot Platforms's Sloan Ratio for the quarter that ended in Mar. 2026 was -15.33%.
As of Mar. 2026, Riot Platforms has a Sloan Ratio of -15.33%, indicating there is a warning stage of accrual build up.
Riot Platforms (NAS:RIOT) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Riot Platforms has a Sloan Ratio of -15.33%, indicating there is a warning stage of accrual build up.
Riot Platforms Sloan Ratio % Related Terms
Riot Platforms Sloan Ratio % Historical Data
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The historical data trend for Riot Platforms's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Capital Markets subindustry, Riot Platforms's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Riot Platforms Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Riot Platforms's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Riot Platforms's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Riot Platforms's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Riot Platforms's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 219.454 (Jun. 2025 ) + 104.48 (Sep. 2025 ) + -690.748 (Dec. 2025 ) + -500.477 (Mar. 2026 ) = $-867.3 Mil.
Riot Platforms's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -231.325 (Jun. 2025 ) + -114.015 (Sep. 2025 ) + -105.528 (Dec. 2025 ) + -182.651 (Mar. 2026 ) = $-633.5 Mil.
Riot Platforms's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 19.208 (Jun. 2025 ) + 118.654 (Sep. 2025 ) + -2.508 (Dec. 2025 ) + 157.793 (Mar. 2026 ) = $293.1 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Riot Platforms (RIOT) has a Sloan Ratio % of -15.33% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Riot Platforms and its competitors.
Is Riot Platforms' Sloan Ratio % too high?
Riot Platforms' current Sloan Ratio % is -15.33%. Overall, Riot Platforms has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riot Platforms' Sloan Ratio % compare to XP and SNEX?
Riot Platforms' Sloan Ratio % of -15.33% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Riot Platforms and its competitors. Riot Platforms's current Sloan Ratio % is -15.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riot Platforms stock overvalued right now?
Based on GuruFocus' analysis, Riot Platforms (RIOT) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.56, compared to a current price of $21.42 — trading 58% above its estimated fair value. The current Sloan Ratio % is -15.33%. Riot Platforms' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Riot Platforms (RIOT), the current Sloan Ratio % is -15.33% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Riot Platforms (RIOT) Overvalued in 2026?
Based on GuruFocus' analysis, Riot Platforms stock appears to be overvalued.
The current stock price of $21.42 is trading 58% above its estimated GF Value™ of $13.56.
GuruFocus considers Riot Platforms to be Significantly Overvalued.
Key valuation signals for RIOT:
Sloan Ratio %: -15.33%
GF Value™: $13.56 vs. price of $21.42 (58% above fair value)
No single metric tells the full story. See the RIOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets. The Company's business centers on enhancing its electrical infrastructure and deploying it across two complementary platforms: (i) Bitcoin Mining and (ii) scalable data center solutions designed to support non-mining workloads. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
69GF Score
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