Could RIOT be the next GME-style short squeeze with earnings around the corner?

**Riot Platforms (RIOT) is not poised to be the next GME-style short squeeze.** Here's why:

1. **Financial Health Concerns**: Riot Platforms reported a net loss of $296.37 million for the fiscal quarter ending March 31, 2025, with a revenue of $161.39 million and a diluted EPS of -$0.9. The net income growth rate was -239.94%, indicating a severe decline from the previous year. Additionally, the diluted EPS growth rate was -211.11%, suggesting that the company's earnings per share have plummeted. These figures indicate that Riot is in a weak financial position, which is not conducive to a potential short squeeze.

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|RIOT|RIOT.O|Riot Platforms|2024 Q3|-92.856071964018|63.39249580852171|-22.727272727272734|186|
|RIOT|RIOT.O|Riot Platforms|2024 Q4|245.9129861568886|80.88362178348476||186|
|RIOT|RIOT.O|Riot Platforms|2025 Q1|-239.9429588671102|103.52476795803068|-211.1111111111111|186|

2. **Analyst Ratings and Price Targets**: The consensus rating for Riot is "Buy" with an average price target of $15.4. This suggests that analysts are not currently recommending a short squeeze, as the price target is above the current trading price, indicating potential upside. However, the "Sell" rating for GameStop (GME), which is often associated with short squeezes, does not apply to Riot.

3. **Market Sentiment**: The average price target for Riot is higher than its current trading price, which could indicate potential upside. However, the market sentiment around Riot is not particularly bullish, given the negative growth rates and significant losses reported in the recent quarter.
4. **Earnings Release**: Riot's earnings report for the fiscal quarter ending June 30, 2025, has already been released on July 31, 2025. The market typically reacts to earnings reports, but since Riot's report has already been disclosed, it is not a catalyst for a potential short squeeze that occurs after the earnings release.

In conclusion, Riot Platforms does not appear to be the next GME-style short squeeze candidate based on its current financial health, analyst ratings, and the fact that its earnings report has already been released. Investors should exercise caution and consider these factors before making investment decisions.