earnings
confidence high
sentiment neutral
materiality 0.75
Rivian Q1 gross profit $206M, second straight positive quarter; cuts 2025 delivery outlook to 40k-46k
Rivian Automotive, Inc. / DE
2025-Q1 EPS reported
-$0.48
revenue$1,240,000,000
- Q1 gross profit of $206M (17% gross margin), second consecutive positive quarter.
- Total revenue $1.24B; automotive revenue $922M, software & services $318M.
- Delivered 8,640 vehicles in Q1; full-year delivery guidance lowered to 40,000-46,000.
- Adjusted EBITDA loss guidance $(1.7B)-$(1.9B) reaffirmed; capex raised to $1.8B-$1.9B.
- Volkswagen Group $1B investment expected June 30, 2025, triggered by gross profit milestone.