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Side-by-side financial comparison of Riot Platforms, Inc. (RIOT) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Riot Platforms, Inc. is the larger business by last-quarter revenue ($152.8M vs $132.6M, roughly 1.2× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs -452.0%, a 469.0% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 7.2%). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 11.6%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
RIOT vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $152.8M | $132.6M |
| Net Profit | $-690.7M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -447.9% | — |
| Net Margin | -452.0% | 17.1% |
| Revenue YoY | 7.2% | 12.2% |
| Net Profit YoY | -606.3% | -6.7% |
| EPS (diluted) | $-1.89 | $0.18 |
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 | — | $132.6M | ||
| Q4 25 | $152.8M | $119.6M | ||
| Q3 25 | $180.2M | $120.1M | ||
| Q2 25 | $153.0M | $114.1M | ||
| Q1 25 | $161.4M | $118.2M | ||
| Q4 24 | $142.6M | $116.4M | ||
| Q3 24 | $84.8M | $112.4M | ||
| Q2 24 | $70.0M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-690.7M | $12.4M | ||
| Q3 25 | $104.5M | $14.9M | ||
| Q2 25 | $219.5M | $58.0M | ||
| Q1 25 | $-296.4M | $8.2M | ||
| Q4 24 | $136.4M | $30.1M | ||
| Q3 24 | $-154.4M | $9.1M | ||
| Q2 24 | $-84.4M | $30.8M |
| Q1 26 | — | — | ||
| Q4 25 | -447.9% | 11.3% | ||
| Q3 25 | 44.4% | 13.4% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | -144.9% | 7.6% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | -143.3% | 8.9% | ||
| Q2 24 | -167.2% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | -452.0% | 10.4% | ||
| Q3 25 | 58.0% | 12.4% | ||
| Q2 25 | 143.4% | 50.8% | ||
| Q1 25 | -183.6% | 6.9% | ||
| Q4 24 | 95.7% | 25.9% | ||
| Q3 24 | -182.1% | 8.1% | ||
| Q2 24 | -120.6% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-1.89 | $0.09 | ||
| Q3 25 | $0.26 | $0.12 | ||
| Q2 25 | $0.58 | $0.46 | ||
| Q1 25 | $-0.90 | $0.07 | ||
| Q4 24 | $0.39 | $0.25 | ||
| Q3 24 | $-0.54 | $0.07 | ||
| Q2 24 | $-0.32 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $233.5M | $50.0M |
| Total DebtLower is stronger | $840.8M | — |
| Stockholders' EquityBook value | $2.9B | $1.4B |
| Total Assets | $3.9B | $3.4B |
| Debt / EquityLower = less leverage | 0.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $233.5M | $48.9M | ||
| Q3 25 | $330.7M | $77.8M | ||
| Q2 25 | $255.4M | $53.0M | ||
| Q1 25 | $163.7M | $48.0M | ||
| Q4 24 | $277.9M | $41.4M | ||
| Q3 24 | $355.7M | $67.9M | ||
| Q2 24 | $481.2M | $78.6M |
| 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 | — | $1.4B | ||
| Q4 25 | $2.9B | $1.4B | ||
| Q3 25 | $3.5B | $1.4B | ||
| Q2 25 | $3.3B | $1.4B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.6B | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.9B | $3.3B | ||
| Q3 25 | $4.5B | $3.3B | ||
| Q2 25 | $4.3B | $3.3B | ||
| Q1 25 | $3.7B | $3.3B | ||
| Q4 24 | $3.9B | $3.3B | ||
| Q3 24 | $2.9B | $3.2B | ||
| Q2 24 | $2.7B | $3.2B |
| 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 | $-572.9M | $39.1M |
| Free Cash FlowOCF − Capex | $-774.3M | — |
| FCF MarginFCF / Revenue | -506.6% | — |
| Capex IntensityCapex / Revenue | 131.8% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $-572.9M | $182.7M | ||
| Q3 25 | $-114.0M | $55.7M | ||
| Q2 25 | $-231.3M | $43.5M | ||
| Q1 25 | $-122.1M | $32.6M | ||
| Q4 24 | $-255.1M | $153.2M | ||
| Q3 24 | $-56.3M | $36.6M | ||
| Q2 24 | $-42.5M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-774.3M | $81.8M | ||
| Q3 25 | $-139.7M | $26.1M | ||
| Q2 25 | $-291.7M | $19.6M | ||
| Q1 25 | $-154.9M | $11.9M | ||
| Q4 24 | $-495.4M | $42.5M | ||
| Q3 24 | $-127.6M | $12.2M | ||
| Q2 24 | $-96.1M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -506.6% | 68.4% | ||
| Q3 25 | -77.5% | 21.7% | ||
| Q2 25 | -190.7% | 17.2% | ||
| Q1 25 | -96.0% | 10.0% | ||
| Q4 24 | -347.5% | 36.6% | ||
| Q3 24 | -150.5% | 10.8% | ||
| Q2 24 | -137.2% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 131.8% | 84.4% | ||
| Q3 25 | 14.3% | 24.6% | ||
| Q2 25 | 39.5% | 20.9% | ||
| Q1 25 | 20.4% | 17.5% | ||
| Q4 24 | 168.6% | 95.1% | ||
| Q3 24 | 84.1% | 21.7% | ||
| Q2 24 | 76.5% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | -1.09× | 3.73× | ||
| Q2 25 | -1.05× | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | -1.87× | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
