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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Riot Platforms, Inc. is the larger business by last-quarter revenue ($152.8M vs $142.2M, roughly 1.1× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -452.0%, a 477.2% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs -14.5%). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs -5.3%).
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
OLED vs RIOT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $152.8M |
| Net Profit | $35.9M | $-690.7M |
| Gross Margin | 74.6% | — |
| Operating Margin | 30.1% | -447.9% |
| Net Margin | 25.2% | -452.0% |
| Revenue YoY | -14.5% | 7.2% |
| Net Profit YoY | -44.3% | -606.3% |
| EPS (diluted) | $0.76 | $-1.89 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $142.2M | — | ||
| Q4 25 | $172.9M | $152.8M | ||
| Q3 25 | $139.6M | $180.2M | ||
| Q2 25 | $171.8M | $153.0M | ||
| Q1 25 | $166.3M | $161.4M | ||
| Q4 24 | $162.3M | $142.6M | ||
| Q3 24 | $161.6M | $84.8M | ||
| Q2 24 | $158.5M | $70.0M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $-690.7M | ||
| Q3 25 | $44.0M | $104.5M | ||
| Q2 25 | $67.3M | $219.5M | ||
| Q1 25 | $64.4M | $-296.4M | ||
| Q4 24 | $46.0M | $136.4M | ||
| Q3 24 | $66.9M | $-154.4M | ||
| Q2 24 | $52.3M | $-84.4M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | — | ||
| Q3 25 | 74.6% | — | ||
| Q2 25 | 77.2% | — | ||
| Q1 25 | 77.1% | — | ||
| Q4 24 | 77.0% | — | ||
| Q3 24 | 77.8% | — | ||
| Q2 24 | 75.8% | — |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | -447.9% | ||
| Q3 25 | 30.9% | 44.4% | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 41.9% | -144.9% | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 41.5% | -143.3% | ||
| Q2 24 | 35.6% | -167.2% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | -452.0% | ||
| Q3 25 | 31.5% | 58.0% | ||
| Q2 25 | 39.2% | 143.4% | ||
| Q1 25 | 38.8% | -183.6% | ||
| Q4 24 | 28.4% | 95.7% | ||
| Q3 24 | 41.4% | -182.1% | ||
| Q2 24 | 33.0% | -120.6% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-1.89 | ||
| Q3 25 | $0.92 | $0.26 | ||
| Q2 25 | $1.41 | $0.58 | ||
| Q1 25 | $1.35 | $-0.90 | ||
| Q4 24 | $0.96 | $0.39 | ||
| Q3 24 | $1.40 | $-0.54 | ||
| Q2 24 | $1.10 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $516.4M | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | — | $2.9B |
| Total Assets | $1.9B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $233.5M | ||
| Q3 25 | $603.0M | $330.7M | ||
| Q2 25 | $525.2M | $255.4M | ||
| Q1 25 | $571.3M | $163.7M | ||
| Q4 24 | $492.7M | $277.9M | ||
| Q3 24 | $551.6M | $355.7M | ||
| Q2 24 | $530.5M | $481.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.7B | $3.3B | ||
| Q1 25 | $1.7B | $2.9B | ||
| Q4 24 | $1.6B | $3.1B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $2.6B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $3.9B | ||
| Q3 25 | $1.9B | $4.5B | ||
| Q2 25 | $1.9B | $4.3B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | $1.8B | $3.9B | ||
| Q3 24 | $1.8B | $2.9B | ||
| Q2 24 | $1.8B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $108.9M | $-572.9M |
| Free Cash FlowOCF − Capex | — | $-774.3M |
| FCF MarginFCF / Revenue | — | -506.6% |
| Capex IntensityCapex / Revenue | — | 131.8% |
| Cash ConversionOCF / Net Profit | 3.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $-572.9M | ||
| Q3 25 | $97.2M | $-114.0M | ||
| Q2 25 | $51.9M | $-231.3M | ||
| Q1 25 | $30.6M | $-122.1M | ||
| Q4 24 | $34.7M | $-255.1M | ||
| Q3 24 | $79.9M | $-56.3M | ||
| Q2 24 | $67.0M | $-42.5M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $-774.3M | ||
| Q3 25 | $84.3M | $-139.7M | ||
| Q2 25 | $37.5M | $-291.7M | ||
| Q1 25 | $17.5M | $-154.9M | ||
| Q4 24 | $22.0M | $-495.4M | ||
| Q3 24 | $66.2M | $-127.6M | ||
| Q2 24 | $57.9M | $-96.1M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | -506.6% | ||
| Q3 25 | 60.4% | -77.5% | ||
| Q2 25 | 21.8% | -190.7% | ||
| Q1 25 | 10.5% | -96.0% | ||
| Q4 24 | 13.6% | -347.5% | ||
| Q3 24 | 41.0% | -150.5% | ||
| Q2 24 | 36.5% | -137.2% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 131.8% | ||
| Q3 25 | 9.2% | 14.3% | ||
| Q2 25 | 8.4% | 39.5% | ||
| Q1 25 | 7.9% | 20.4% | ||
| Q4 24 | 7.8% | 168.6% | ||
| Q3 24 | 8.4% | 84.1% | ||
| Q2 24 | 5.8% | 76.5% |
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 2.21× | -1.09× | ||
| Q2 25 | 0.77× | -1.05× | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.75× | -1.87× | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
