secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001874178-24-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000187417824000040/0001874178-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000187417824000040/rivn-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001874178-24-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer