Engineering revenue growth to return H2 2024

Company: Riot

Subject kind: guidance
Statement date: 2024-04-30
Promised by: 2024-12-31
Current status: verified

What the later record shows

Delivered late · happened September 30, 2025

Engineering revenue from external customers fell year over year in Q3 2024 ($12,638K vs $15,536K), and full-year 2024 Engineering segment revenue ($46,470K) was below 2023 ($72,825K), so growth did not return in H2 2024. Clear year-over-year growth appears in 2025: $25,915K in Q3 2025 vs $15,767K in Q3 2024, and $94,442K for FY2025.

“Segment revenue 188,996 72,825 154,431 416,252”
2024-08-08 · riot 8-K exhibit (riot-20231231xex99d1.htm) View cached copy (2026-10-31)Live source ↗

“Revenue from external customers $ 67,491 $ 12,638 $ 4,657 $ 84,786”
2024-11-03 · Riot 10-Q filed 2024-11-04 View cached copy (2026-08-31)Live source ↗

“Segment revenue 321,002 46,470 367,472”
2025-02-27 · Riot 10-K filed 2025-02-28 View cached copy (2026-08-31)Live source ↗

“Segment revenue 576,276 94,442 670,718”
2026-03-01 · Riot 10-K filed 2026-03-02 View cached copy (2026-08-31)Live source ↗

Checked November 8, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.

The claim, verbatim

Riot anticipates Engineering segment revenue growth to return from the second half of 2024 after supply chain delays.

Source (primary)

riot 8-K exhibit (riot-20240501xex99d2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗

Quote: “Anticipate revenue growth to return from the second half of 2024”

How we checked this

Checked on November 9, 2026. The cited source supports every part of this claim.

The Engineering slide says the Q1 2024 revenue decline was driven by supply chain issues that delayed large orders, and states 'Anticipate revenue growth to return from the second half of 2024'.

Confirmed in the source:

Riot anticipates revenue growth to return from the second half of 2024
The statement refers to the Engineering segment
Riot attributes the Q1 2024 Engineering revenue decline to supply chain issues that delayed fulfillment of large orders

What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1167419/000155837024006323/riot-20240501xex99d2.htm) in full (23,476 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.