earnings
confidence high
sentiment neutral
materiality 0.75
Rivian Q4 rev $1.29B (-26% YoY); FY gross profit $144M; 2026 delivery guidance 62k-67k
Rivian Automotive, Inc. / DE
2025-FY EPS reported
-$3.07
revenue$5,387,000,000
- Q4 consolidated revenue $1,286M (-26% YoY); automotive rev $839M (-45%) on lower regulatory credits and deliveries; software & services rev $447M (+109% on VW JV).
- Full year 2025 gross profit $144M vs $(1,200M) in 2024, a >$1.3B improvement driven by software/services, higher ASPs, and lower cost per vehicle.
- Q4 deliveries 9,745; FY deliveries 42,247; Q4 production 10,974; FY production 42,284.
- R2 customer deliveries expected Q2 2026; validation builds completed; Autonomy Day introduced RAP1 processor.
- 2026 guidance: deliveries 62,000-67,000; Adj. EBITDA $(2.1B)-$(1.8B); CapEx $1.95B-$2.05B.