---
schema_version: "secwatch.filing_event.v1"
accession: "0001874178-24-000040"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:43:16.481843+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rivian Q1 revenue $1.2B, net loss $1.45B; deliveries up 71% YoY; reiterates Q4 gross profit path

## Summary
- Revenue $1,204M (vs $661M Q1 '23); net loss $1,446M ($1.48 EPS) vs $1,349M loss YoY.
- Delivered 13,588 vehicles (+71% YoY); produced 13,980 (+49% YoY); exceeded outlook.
- Gross profit $(527)M; includes $171M cost-revenue efficiency charges; targets modest gross profit Q4 2024.
- Adjusted EBITDA improved to $(798)M from $(1,020)M YoY; liquidity $9.05B including revolver.
- Plant retooling upgrade to boost R1 line rate ~30%; R2 production planned H1 2026 at Normal, IL.

## SEC filing metadata
- accession: 0001874178-24-000040
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2024-05-07T23:59:59+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/1874178/000187417824000040/0001874178-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000187417824000040/rivn-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001874178-24-000040
- JSON: https://secwatch.observer/filing/0001874178-24-000040.json
- Plain text: https://secwatch.observer/filing/0001874178-24-000040.txt

## Key facts
- Earnings Releases
  Rivian Automotive, Inc. / DE reported the first quarter ended March 31, 2024 results: revenue $1,204 million, net income $(1,446) million. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $1,204 million
  - Net income: $(1,446) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: and remains confident in its path to achieving modest gross profit in the fourth quarter of this year. Exhibit 99.1 Revenues: Total revenues for the first quarter of 2024 were $1,204 million, primarily driven by the delivery of 13,588 vehicles. Total revenues from the sale of regulatory credits were de minimis for the quarter. Gross Profit: Rivian generated negative
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874178/000187417824000040/0001874178-24-000040-index.htm

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