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RIVN

Rivian Automotive, Inc.

RIVN

Rivian Automotive, Inc. • NASDAQ
$16.86 ▲ 4.20% (+0.68)
Market Cap $20.60 B
52w High $18.13
52w Low $10.36
Dividend Yield 0%
P/E -5.44
Volume 18.54M
Outstanding Shares 1.22B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.558B ▲ $934M ▲ $-1.173B ▼ -75.289% ▲ $-0.96 ▲ $-900M ▼
Q2-2025 $1.303B ▲ $908M ▲ $-1.117B ▼ -85.725% ▼ $-0.97 ▼ $-690M ▼
Q1-2025 $1.24B ▼ $861M ▲ $-545M ▲ -43.952% ▼ $-0.48 ▲ $-267M ▲
Q4-2024 $1.734B ▲ $831M ▲ $-743M ▲ -42.849% ▲ $-0.7 ▲ $-441M ▲
Q3-2024 $874M $777M $-1.1B -125.858% $-1.08 $-596M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.088B ▼ $15.217B ▼ $10.133B ▲ $5.066B ▼
Q2-2025 $7.508B ▲ $15.597B ▲ $9.518B ▲ $6.068B ▼
Q1-2025 $7.178B ▼ $15.505B ▲ $9.275B ▲ $6.222B ▼
Q4-2024 $7.7B ▲ $15.41B ▲ $8.848B ▲ $6.558B ▲
Q3-2024 $6.739B $14.262B $8.363B $5.899B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.173B ▼ $26M ▼ $-393M ▲ $-3M ▼ $-371M ▼ $-421M ▼
Q2-2025 $-1.117B ▼ $64M ▲ $-706M ▼ $756M ▲ $119M ▲ $-398M ▲
Q1-2025 $-541M ▲ $-188M ▼ $-408M ▲ $-6M ▼ $-601M ▼ $-526M ▼
Q4-2024 $-744M ▲ $1.183B ▲ $-1.386B ▼ $104M ▲ $-102M ▲ $856M ▲
Q3-2024 $-1.1B $-876M $501M $4M $-367M $-1.153B

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Automotive
Automotive
 $920.00M ▲$930.00M ▲$1.14Bn ▲
Software And Services
Software And Services
 $320.00M ▲$380.00M ▲$420.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Rivian’s sales have grown quickly from almost nothing a few years ago to a meaningful revenue base today, which shows strong demand and improving production capability. At the same time, the company still loses money on each vehicle it sells, though those losses per vehicle are narrowing as scale improves. Operating and net losses remain very large, reflecting high spending on manufacturing, engineering, and overhead. The direction of change is encouraging (losses are shrinking), but profitability is still a long way off and highly dependent on further volume growth and cost reductions actually materializing.

Balance Sheet

Balance Sheet Rivian still has a sizable cushion of cash and total assets, but that cushion has been shrinking as the company funds ongoing losses and investment from its own balance sheet. Debt has risen from very low levels to a more meaningful amount, yet the company still relies more on equity than on borrowing, which reduces immediate financial strain but dilutes prior owners. Shareholders’ equity has been trending down from an early peak, which reflects accumulated losses eating into the company’s capital base. Overall, the balance sheet is still a strength for now, but the margin for error is gradually narrowing unless the business can move closer to break-even or secure favorable new funding.

Cash Flow

Cash Flow Rivian is consistently burning cash, both in daily operations and after including capital spending, though the cash burn has been easing over the past couple of years. Operating cash outflows remain substantial, meaning the core business is not yet self-sustaining and still depends on external capital and the existing cash pile. Capital expenditures are significant but somewhat lower than in the initial build‑out phase, suggesting a shift from pure groundwork toward more focused, efficiency‑driven investment. The trend is moving in the right direction, but continued large negative free cash flow is a central risk and a key metric to watch as new models and plants ramp up.

Competitive Edge

Competitive Edge Rivian has carved out a distinctive niche in the EV market by focusing on adventure‑oriented trucks and SUVs, giving it a clear brand identity that differs from both Tesla and traditional automakers. Its vertically integrated approach—designing batteries, drive units, software, and much of the vehicle architecture in‑house—can create cost and performance advantages over time, though it also raises execution risk. Early partnerships, especially the commercial van program with Amazon, helped validate the brand and provided foundational volume, and the recent software and electronics joint venture with Volkswagen signals outside recognition of Rivian’s technology. Competition, however, is intense: legacy automakers and newer EV players are all targeting similar customers, and maintaining premium brand perception while driving down costs will be an ongoing challenge.

Innovation and R&D

Innovation and R&D Rivian is heavily innovation‑driven, centering its strategy on a flexible “skateboard” platform, in‑house software, and a modern electrical architecture that is designed to simplify vehicles and cut costs. Its software‑defined vehicle approach, with over‑the‑air updates and a proprietary operating system, aims to keep cars improving throughout their life and enables new revenue opportunities tied to software features. The next‑generation electronics platform consolidates many control units into a smaller set, which should reduce complexity and support faster product development. Looking ahead, the planned R2 and R3 platforms, plus the autonomy roadmap, show Rivian trying to broaden its addressable market while adding more advanced driver assistance and convenience features; success here will be crucial for long‑term scale and margin improvement.

Summary

Rivian has moved from concept to a real, scaling automaker with strong revenue growth, a distinctive brand, and credible technology—all in a relatively short time. The core financial picture, however, is still that of a company in heavy investment mode: sizable operating losses, ongoing cash burn, and a gradually thinning but still meaningful cash buffer. Its competitive strengths lie in vertical integration, a clear adventure‑oriented identity, and validation from major partners, yet the firm still must prove it can manufacture at scale with attractive costs and reach sustainable profitability. Future milestones to watch include the ramp‑up of new, more affordable models, progress on cost reductions and gross margins, and how effectively Rivian manages its cash and funding needs during this next phase of growth.

NEWS

November 12, 2025 · 6:52 PM UTC

Rivian to Participate in the Barclays 16th Annual Global Automotive and Mobility Tech Conference

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November 4, 2025 · 4:03 PM UTC

Rivian Releases Third Quarter 2025 Financial Results

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October 27, 2025 · 11:40 AM UTC

Halper Sadeh LLC Encourages Rivian Automotive, Inc. Shareholders to Contact the Firm to Discuss Their Rights

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October 23, 2025 · 7:01 PM UTC

Rivian Voluntarily Settles Securities Class Action Litigation

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October 9, 2025 · 12:05 PM UTC

Agillence to Provide Inbound Logistics Optimization Software to Rivian Automotive

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