earnings
confidence high
sentiment negative
materiality 0.85
Rivian Q2 revenue $1.303B, returns to negative gross profit; VW $1B investment closes
Rivian Automotive, Inc. / DE
2025-Q2 EPS reported
-$1.45
revenue$2,543,000,000
- Revenue $1.303B; automotive $927M, software/services $376M. Gross profit -$206M (negative 16% margin) after two positive quarters.
- Delivered 10,661 vehicles vs production 5,979 due to supply chain issues; 2025 delivery guidance maintained at 40,000-46,000.
- Adjusted EBITDA loss $667M in Q2; full-year guidance worsened to ($2.0B)-($2.25B) loss from prior outlook.
- Received $1B equity investment from Volkswagen Group at $19.42/share (33% premium to VWAP) on June 30 as part of technology JV.
- R2 on track; Normal plant expansion substantially complete; factory shutdown in Sept to boost capacity to ~215,000 units.
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