Sifting through countless of stocks in the Software industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Riot Platforms, Inc. or Elastic N.V. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Riot Platforms, Inc. and Elastic N.V. compare based on key financial metrics to determine which better meets your investment needs.

About Riot Platforms, Inc. and Elastic N.V.

Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. The company operates in two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities in Rockdale and Navarro counties, Texas; and two Bitcoin mining sites in Paducah, Kentucky. The company also designs and manufactures power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale commercial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.

Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally. It primarily offers Elastic’s Search AI Platform, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. The company also provides Elastic search product a distributed, real-time vector database and analytics engine and data store for all types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the platforms; Elasticsearch search platform, a platform with retrieval algorithms and the ability to integrate with large language models; and elastic security, a security solution that provides unified protection to prevent, detect, and respond to threats. In addition, it offers Elastic Observability, a solution that enables unified analysis, including Logs analytics to search and analyze petabytes of structured and unstructured logs; infrastructure monitoring to gain visibility across cloud, on-premises, Kubernetes, serverless, and hosts; Application Performance Monitoring to stream native production-grade; digital experience monitoring; and large language models. The company was incorporated in 2012 and is based in Amsterdam, the Netherlands.

Latest Software and Riot Platforms, Inc., Elastic N.V. Stock News

As of December 12, 2025, Riot Platforms, Inc. had a $5.9 billion market capitalization, compared to the Software median of $1.2 million. Riot Platforms, Inc.’s stock is up 49.9% in 2025, up 2.4% in the previous five trading days and up 40.5% in the past year.

Currently, Riot Platforms, Inc.’s price-earnings ratio is 39.2. Riot Platforms, Inc.’s trailing 12-month revenue is $637.2 million with a 25.7% net profit margin. Year-over-year quarterly sales growth most recently was 112.5%. Analysts expect adjusted earnings to reach $-0.770 per share for the current fiscal year. Riot Platforms, Inc. does not currently pay a dividend.

As of December 12, 2025, Elastic N.V. had a $8.0 billion market cap, putting it in the 75th percentile of all stocks. Elastic N.V.’s stock is down 23% in 2025, up 2.2% in the previous five trading days and down 26.49% in the past year.

Currently, Elastic N.V. does not have a price-earnings ratio. Elastic N.V.’s trailing 12-month revenue is $1.6 billion with a -6.8% net profit margin. Year-over-year quarterly sales growth most recently was 15.9%. Analysts expect adjusted earnings to reach $2.449 per share for the current fiscal year. Elastic N.V. does not currently pay a dividend.

How We Compare Riot Platforms, Inc. and Elastic N.V. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Riot Platforms, Inc. and Elastic N.V.’s stock grades to see how they measure up against one another.

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Riot Platforms, Inc. and Elastic N.V.’s Quality Grades

Company	Ticker	Quality
Riot Platforms, Inc.	RIOT	D
Elastic N.V.	ESTC	C

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Riot Platforms, Inc. has a Quality Score of 25, which is Weak. Elastic N.V. has a Quality Score of 56, which is Average.

The Quality Stock Winner: No Clear Winner

Neither Riot Platforms, Inc. or Elastic N.V. has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Riot Platforms, Inc. or Elastic N.V. is the better investment when it comes to quality.

Riot Platforms, Inc. and Elastic N.V.’s Momentum Grades

Company	Ticker	Momentum
Riot Platforms, Inc.	RIOT	B
Elastic N.V.	ESTC	F

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Riot Platforms, Inc. has a Momentum Score of 75, which is Strong. Elastic N.V. has a Momentum Score of 20, which is Very Weak.

The Momentum Grade Winner: Riot Platforms, Inc.

As you can clearly see from the Momentum Grade breakdown above, Riot Platforms, Inc. is considered to have stronger momentum compared to Elastic N.V.. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Riot Platforms, Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Riot Platforms, Inc. and Elastic N.V.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Riot Platforms, Inc.	RIOT	D
Elastic N.V.	ESTC	A

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Riot Platforms, Inc. has a Earnings Estimate Score of 32, which is Negative. Elastic N.V. has a Earnings Estimate Score of 87, which is Very Positive.

The Earnings Estimate Revisions Grade Winner: Elastic N.V.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, Elastic N.V. has a better Earnings Estimate Revisions Grade than Riot Platforms, Inc.. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Elastic N.V. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Riot Platforms, Inc. and Elastic N.V. Grades

In addition to Momentum, Quality and Estimate Revisions, A+ Investor also provides grades for Value and Growth.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Riot Platforms, Inc. and Elastic N.V. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Riot Platforms, Inc. or Elastic N.V. Stock?

Overall, Riot Platforms, Inc. stock has a Momentum Score of 75, Estimate Revisions Score of 32 and Quality Score of 25.

Elastic N.V. stock has a Momentum Score of 20, Estimate Revisions Score of 87 and Quality Score of 56.

Comparing Riot Platforms, Inc. and Elastic N.V.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.