Rivian Q4 2024 Earnings Report
Key Takeaways
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 a Q4 2024 gross profit of $170 million, marking a significant improvement.
The company produced 12,727 vehicles and delivered 14,183 during the quarter.
Total Q4 2024 revenue reached $1.73 billion, driven by increased sales and regulatory credits.
Rivian secured a joint venture with Volkswagen and a $6.6 billion DOE loan to support expansion.
Rivian Revenue
Rivian EPS
Rivian Revenue by Segment
Forward Guidance
Rivian expects vehicle deliveries between 46,000 and 51,000 in 2025 while forecasting an Adjusted EBITDA loss between $1.7 billion and $1.9 billion.
Positive Outlook
- Expected vehicle deliveries of 46,000 - 51,000 in 2025.
- R2 vehicle platform expected to launch with lower cost structure.
- Joint venture with Volkswagen to improve technology and scale production.
- DOE loan of $6.6 billion will support manufacturing expansion.
- Continued revenue growth from software and regulatory credits.
Challenges Ahead
- Anticipated Adjusted EBITDA loss between $1.7 billion and $1.9 billion.
- High capital expenditures projected at $1.6 billion - $1.7 billion.
- Potential impact from changing government policies and regulations.
- Challenging demand environment for EVs remains a concern.
- Profitability dependent on cost efficiencies and scaling production.
Revenue & Expenses
Visualization of income flow from segment revenue to net income