---
schema_version: "secwatch.filing_event.v1"
accession: "0001874178-24-000005"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:23:07.574263+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rivian beats 2023 guidance, cuts 10% workforce; guides 2024 production flat at 57K

## Summary
- Q4 revenue $1,315M, full-year $4,434M (up 167% YoY); net loss $(1,521)M Q4 vs $(1,723)M YoY.
- Produced 57,232 vehicles in 2023, exceeding initial guidance by over 7,000; deliveries 50,122, more than double 2022.
- Gross profit per vehicle improved ~$81K Q4'23 vs Q4'22; full-year gross loss $(2,030)M vs $(3,123)M.
- 2024 guidance: produce 57,000 vehicles, capex $1,750M, Adjusted EBITDA $(2,700)M; reiterates path to Q4 modest gross profit.
- Workforce reduction of ~10% salaried employees; R2 midsize platform reveal on March 7.

## SEC filing metadata
- accession: 0001874178-24-000005
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874178/000187417824000005/0001874178-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000187417824000005/rivn-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001874178-24-000005
- JSON: https://secwatch.observer/filing/0001874178-24-000005.json
- Plain text: https://secwatch.observer/filing/0001874178-24-000005.txt

## Key facts
- Earnings Releases
  Rivian Automotive, Inc. / DE reported the fourth quarter and full year ended December 31, 2023 results: revenue $1,315 million, net income $(1,521) million.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: $1,315 million
  - Net income: $(1,521) million
  - Result: reported results
  source text: We are excited about the reveal of our next generation vehicle, R2, on March 7.” Exhibit 99.1 Financial Highlights: Revenue: Total revenue for the fourth quarter of 2023 was $1,315 million, driven by the delivery of 13,972 vehicles. For the year end December 31, 2023, total revenue was $4,434 million, supported by 50,122 total vehicle deliveries. Total revenue from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874178/000187417824000005/0001874178-24-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.