Rivian delivered a strong Q3 with $1.56 billion in revenue and narrowed its net loss. The company recorded its first positive gross profit and continues ramping up for R2 production in 2026.
Rivian delivered over 10,600 vehicles in Q2 2025 but faced a decline in production due to supply chain challenges. Revenues grew modestly, led by growth in software and services, but gross profit turned negative again. The company received a $1 billion investment from Volkswagen to support long-term initiatives, including the R2 platform.
Rivian delivered strong Q1 results with a $206 million gross profit, driven by a growing software segment and improved cost control, despite lower vehicle deliveries and a net loss of $545 million.
Rivian achieved a positive gross profit of $170 million in Q4 2024 due to cost improvements, higher revenue per unit, and increased average selling prices. The company produced 12,727 vehicles and delivered 14,183, leading to record revenues. Rivian also secured a joint venture with Volkswagen and a $6.6 billion DOE loan to support its expansion. Despite this progress, Rivian reported a net loss of $743 million for the quarter.
Rivian reported Q3 2024 revenues of $874 million, driven by 10,018 vehicle deliveries. The company produced 13,157 vehicles. Rivian reaffirmed its 2024 delivery outlook of 50,500 to 52,000 vehicles and is on track for positive gross profit in Q4 2024.
Rivian reported strong execution in Q2 2024, completing the retooling upgrade at its plant in Normal, IL, producing 9,612 vehicles and delivering 13,790. The company's revenues were $1.158 billion, primarily driven by vehicle deliveries. Rivian also announced a technology joint venture with Volkswagen Group, with a total deal size of up to $5 billion.
Rivian reported Q1 2024 revenues of $1,204 million driven by 13,588 vehicle deliveries. The company produced 13,980 vehicles, exceeding its outlook. Rivian generated a negative gross profit of $(527) million and a net loss of $(1,446) million. They ended the quarter with $7,858 million in cash, cash equivalents, and short-term investments.
Rivian announced its Q4 and full year 2023 financial results, highlighting a 147% increase in deliveries for Q4 compared to the previous year and significant improvements in gross profit per delivered vehicle. The company produced 57,232 vehicles and delivered 50,122 for the full year, exceeding its initial production guidance. Rivian is focused on cost efficiency and is introducing its R2 platform in March.
Rivian published a letter to its shareholders containing the company’s third quarter 2023 financial results.
Rivian Automotive, Inc. published a letter to its shareholders containing the company’s second quarter 2023 financial results.
Rivian Automotive, Inc. released its first quarter 2023 financial results.
Rivian published a letter to its shareholders containing the company’s fourth quarter and full year 2022 financial results.
Rivian Automotive, Inc. published a letter to its shareholders containing the company’s third quarter 2022 financial results.
Rivian Automotive, Inc. published a letter to its shareholders containing the company’s second quarter 2022 financial results.
Rivian Automotive, Inc. published a letter to its shareholders containing the company’s first quarter 2022 financial results.
Rivian published a letter to its shareholders containing the company’s fourth quarter and full year 2021 financial results.
Rivian released its Q3 2021 earnings report, highlighting its commitment to carbon-neutral energy and transportation through the design, development, and manufacture of electric vehicles and accessories.