Rivian – Our Story Insight

Rivian (RIVN) earnings Q4 2025

admin — Sat, 14 Feb 2026 09:13:13 +0000

Rivian Automotive on Thursday beat Wall Street’s fourth-quarter expectations and said it’s targeting a significant increase in vehicle deliveries this year, but the automaker also cautioned that it will continue losing money as it launches its crucial R2 next-generation vehicle.

Rivian’s 2026 guidance includes increasing vehicle deliveries to between 62,000 and 67,000 units, which would be up by 47% to 59% compared with 2025. That increase is expected to be assisted by the launch of the R2 SUV during the second quarter.

Rivian CEO RJ Scaringe told CNBC’s Phil LeBeau on Thursday that the R2 is expected to be the “majority of the volume” of the business by the end of 2027, as it ramps up production at its sole factory in Normal, Illinois.

The electric vehicle maker also said it expects adjusted pre-tax losses for 2026 of between $1.8 billion and $2.1 billion and capital expenditures between $1.95 billion and $2.05 billion. That compares with nearly $2.1 billion in adjusted pre-tax losses and $1.7 billion in capital expenditures last year.

Scaringe described 2025 to investors Thursday as a “foundational year” for Rivian, while saying 2026 will mark “an inflection point” for the company.

Shares of Rivian were up more than 20% during premarket trading Friday after closing at $14, down roughly 5%.

Here’s how the company performed in the fourth quarter compared with average estimates compiled by LSEG:

Loss per share: 54 cents adjusted vs. a loss of 68 cents expected
Revenue: $1.29 billion vs. $1.26 billion expected

Rivian’s full-year 2025 revenue, including $1.7 billion during the fourth quarter, was up 8% compared with $4.97 billion in 2024.

The company was able to achieve its first annual gross profit, which is closely watched by investors, of $144 million in 2025, including $120 million during the fourth quarter. That was driven by its software and services joint venture with Volkswagen offsetting $432 million in losses for its automotive business last year.

This year’s gross profit may not be as fruitful, with Rivian CFO Claire McDonough describing it as a “transition year” as it ramps up R2 production.

Investors view gross profit as a key indicator of a business’s profitability before operating expenses, interest and taxes.

Rivian’s net loss last year was $3.6 billion, an improvement from a loss of $4.75 billion in 2024. That includes an $804 million loss during the fourth quarter, accelerated by a decrease in earnings from the sale of regulatory credits, which was expected after changes by the Trump administration to federal fuel economy and emissions standards.

Rivian ended the fourth quarter with $6.59 billion in total liquidity, including nearly $6.1 billion in cash, cash equivalents, and short-term investments.

It’s needed capital for Rivian. This year is a crucial one for the automaker as it attempts to deliver on promises of technological advancements and improved profitability with the R2.

The roughly $45,000 midsize vehicle, per Rivian, is expected to cut build material costs in half, reduce production complexity and significantly grow demand and sales.

Rivian said the R2 is expected to initially be produced by one plant shift, followed by a second shift by the end of this year. The company said additional R2 details by model such as pricing, options and more will be available on March 12.

Rivian has made important strides with its first-generation R1 pickup and SUV, but the market for such pricey EVs, which both start in the $70,000s, has slowed. It also continues to produce an all-electric delivery van, historically purchased by its largest shareholder, Amazon.

The post Rivian (RIVN) earnings Q4 2025 appeared first on Our Story Insight.

Rivian recalls 35K delivery vans over defective seat belts

admin — Wed, 03 Dec 2025 20:15:38 +0000

Rivian recalled 34,824 electric delivery vans after identifying a safety defect that could stop the driver’s seat belt from restraining occupants in a crash, the EV maker said in a notice.

The electric delivery van models affected by the recall, announced Nov. 18, are most prominently used in Amazon’s delivery fleet

The vans in question were produced from Dec. 10, 2021 through Nov. 8 of this year.

Rivian recalled 34,824 electric delivery vans after identifying a safety defect that could stop the driver’s seat belt from restraining occupants in a crash. AP

Rivian said the problem stems from damage to a driver-side seat belt cable.

The defect can occur when operators repeatedly sit on a buckled belt to silence the warning chime, weakening the cable until it can no longer tighten the belt during a crash, according to the company.

The automaker said no injuries or crashes have been linked to the defect.

The National Highway Traffic Safety Administration opened a preliminary evaluation in September into potential seat belt anchorage failures in the vans.

A separate investigation launched by the federal agency at around the same time looked into frayed or broken cables affecting some 17,000 vans.

Rivian, which opted to issue the recall after the agency launched its latest review, installed a software update to mitigate the problem on Dec. 3.

The voluntary recall, announced Nov. 18, covers Electric Delivery Van models built between 2022 and 2025. AP

The update detects seat belt misuse and alerts drivers.

Rivian said its service centers will also inspect the seat belt system and replace any damaged parts at no charge. The company estimated each repair would take less than an hour.

Vehicles produced after Nov. 8 were built with the detection feature installed, according to the company.

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Owners are expected to receive notices by about the middle of January. Rivian said it will reimburse drivers who previously paid out of pocket for related repairs.

The recall applies only to the electric delivery, or “EDV,” line and does not affect the company’s R1S SUV or R1T pickup.

Rivian stressed the recall was precautionary, adding that the misuse-detection software and revised parts represent a permanent design change to prevent future failures.

The National Highway Traffic Safety Administration opened a preliminary evaluation in September into potential seat belt anchorage failures in the vans. Tada Images – stock.adobe.com

The pullback is the latest in a string of recalls from Rivian in recent years.

In September 2024, the automaker recalled more than 24,000 R1S and R1T vehicles over a hands-free driving software defect.

Earlier that year, it recalled more than 17,000 vehicles for headlight issues. The company has relied heavily on over-the-air patches to speed fixes, including a prior update that resolved most of a 7,800-vehicle recall.

Rivian urged owners to confirm their vehicle’s status through its online recall portal or the National Highway Traffic Safety Administration database.

The company said the repair remains covered under its new-vehicle limited warranty.

The Post has sought comment from Rivian.

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Rivian gives CEO RJ Scaringe a Musk-like pay package worth up to $4.6B

admin — Sat, 08 Nov 2025 01:21:34 +0000

EV maker Rivian on Friday said it was giving its CEO a pay plan worth as much as $4.6 billion over the next decade, a deal similar to Tesla’s record package for CEO Elon Musk, and linked to new profit targets and reduced share price milestones.

The move by the Rivian board shows that the Tesla plan for Musk could become a model for companies aiming to grow fast. Rivian’s pay package for its CEO RJ Scaringe could be one of the richest in history, depending on what performance goals are met.

The new compensation package also highlights Rivian’s push to retain its founder and keep him focused on growth and profitability as the automaker, known for its R1S SUVs and R1T pickups, gears up to launch next year its smaller, more affordable R2 SUV that will compete with Tesla’s best-selling Model Y crossover.

Rivian’s pay package for its CEO RJ Scaringe could be one of the richest in history, depending on what performance goals are met. REUTERS

Tesla shareholders on Thursday approved a record $1 trillion pay package for Musk based on a combination of operational and valuation milestones over 10 years.

“While Rivian may not be a direct copycat, there are definitely Elon Musk characteristics that are similar,” said Yonat Assayag, a partner at compensation consulting firm ClearBridge Compensation Group.

The offer shows how other companies are following the Tesla model for tying outsize CEO rewards to big potential market gains, she said, adding that some have reached out to her own firm looking for similar executive-pay designs. “It’s not to keep up with Musk, but inspired by Musk’s award.”

Under the new plan, Scaringe is receiving options to purchase up to 36.5 million shares of Rivian’s Class A stock, about 16 million more than his previous grant, at an exercise price of $15.22 apiece, the company said in a filing with the Securities and Exchange Commission.

Tesla shareholders on Thursday approved a record $1 trillion pay package for Musk based on a combination of operational and valuation milestones over 10 years. AFP via Getty Images

The award will vest only if Rivian achieves reduced stock-price milestones ranging from $40 to $140 a share over 10 years, as well as new operating income and cash flow targets over the next seven years.

The previous pay package, awarded in 2021, was linked to Rivian’s share price reaching $110 a share and went up to $295. Rivian canceled that saying the targets tied to that grant were unlikely to be met.

Rivian shares closed at $15.22 on Thursday. The one-year median price target for the company stands at about $14, according to data compiled by LSEG.

“The rigorous and challenging milestones associated with this option award are structured in such a way that ensures the options only vest should the company deliver significant value to our shareholders,” a Rivian spokesperson said in a statement.

Rivian is known for its R1S SUVs and R1T pickups, above. Getty Images

If Rivian hits all the milestones as part of the package, he will get up to $4.6 billion, including the costs of exercising options, Reuters’ calculation showed, while Rivian said shareholders will gain $153 billion in value.

The potential $4.6 billion payout is equal to roughly a quarter of Rivian’s $18.7 billion market value and marginally higher than its $4.4 billion cash balance, at the end of September.

Rivian’s board also doubled Scaringe’s base salary to $2 million, saying the changes were made with input from an independent compensation consultant and were designed to better align pay with shareholder returns.

Separately, Scaringe was granted 1 million common units in Mind Robotics, a newly formed Rivian spinoff with external funding developing industrial AI technology, giving him up to a 10% economic interest once the business profit exceeds a certain threshold.

Scaringe will serve as chairman of the board of directors for Mind Robotics, and Rivian is a shareholder of the company, it had said earlier this week.

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Rivian (RIVN) earnings Q4 2024

admin — Fri, 21 Feb 2025 13:42:42 +0000

Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit — a target closely watched by investors — but is forecasting lower sales in 2025.

The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the final quarter of last year. Rivian said it plans to achieve another “modest gross profit” in 2025. It has not said when it expects to be profitable on a bottom-line basis.

For 2025, Rivian also expects to narrow its adjusted losses to a range of $1.7 billion to $1.9 billion, down from a loss of $2.69 billion in 2024. The company forecast deliveries of 46,000 units to 51,000 units for 2025, compared with 51,579 vehicles delivered last year.

Shares of Rivian were up about 7% during after-hours trading Thursday before leveling off during the company’s quarterly earnings call. The stock closed at $13.61 a share, down 2.3%.

Rivian CEO RJ Scaringe told CNBC that there is “a lot of uncertainty” surrounding the automotive industry, specifically the potential removal of federal incentives for EVs and tariff policies that could affect the company.

Stock Chart IconStock chart icon

Shares of Rivian, Tesla and Lucid in 2025.

“We believe external factors could impact our 2025 expectations, including changes to government policies and regulations, and a challenging demand environment. While uncertainties persist, we remain focused on executing against our key value drivers and are confident in electrifying the world in the long term,” Rivian said Thursday in a shareholder letter.

For its 2025 guidance, Rivian Chief Financial Officer Claire McDonough said the company took into account “hundreds of millions” of dollars in expected hits to its EBITDA as a result of less sales due to an expected removal of tax credits.

Rivian said it expects capital expenditures this year to be between $1.6 billion and $1.7 billion, up from $1.41 billion last year as it prepares to launch its new “R2” midsize vehicles in 2026. The company said it expects to idle its sole auto plant in Normal, Illinois, during the second half of the year to retool for the new vehicles.

“We believe R2 will be truly transformative for our growth and profitability,” McDonough told investors during the earnings call.

Here’s how the company performed in the fourth quarter, compared with average estimates compiled by LSEG:

Loss per share: 46 cents vs. a loss of 65 cents expected
Revenue: $1.73 billion vs. $1.4 billion expected

Beginning this quarterly report, Rivian is breaking out its “Automotive” and “Software and Services” units for additional transparency for investors. The automaker has plans to continue to grow its software business, including a new joint venture with German automaker Volkswagen.

Rivian’s quarterly gross profit and revenue were helped by $299 million from the sale of regulatory credits, as well as $214 million in software and services revenue. Rivian sells regulatory credits to other automakers to help them meet emissions standards, however future sales could be affected by changes to such regulations by the Trump administration.

The company’s net loss for the fourth quarter was $743 million, or 70 cents per share, compared to a loss of $1.52 billion, or $1.58 per share, during the same period a year earlier.

For the full year, Rivian lost $4.75 billion, or $4.69 per share.

Rivian’s 2024 revenue was $4.97 billion, up roughly 12% from $4.43 billion in 2023. Fourth-quarter revenue was up more than 31% from the prior-year period.

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Rivian has its best day ever after 2024 production, deliveries report

admin — Sat, 04 Jan 2025 05:57:14 +0000

Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California.

Mario Tama | Getty Images

Shares of Rivian Automotive recorded their best day ever after the electric vehicle maker reported 2024 production and deliveries that were in line with its previously announced expectations.

Rivian stock closed Friday at $16.49 per share, up 24.5% during the session. That is the largest daily percentage increase for the stock since the EV maker went public in November 2021, according to FactSet. The prior record was 23.2%, set in June.

Rivian on Friday said it produced 49,476 vehicles in 2024, including 12,727 trucks and vans during the fourth quarter, and delivered 51,579 vehicles, including 14,183 models during the last three months of the year.

The automaker’s fourth-quarter deliveries topped estimates of 13,472, according to 15 analysts polled by Visible Alpha, according to Reuters.

Rivian in October lowered its 2024 production target to a range of 47,000 to 49,000 vehicles – down from 57,000 units. The company had expected deliveries of between 50,500 and 52,000 vehicles.

The company in October said the adjusted target was because of a “production disruption due to a shortage of a shared component” for its current vehicles — the R1T pickup, R1S SUV and a commercial delivery van.

The company on Friday said the previously discussed shortage “is no longer a constraint on Rivian’s production.”

Rivian’s stock declined 43% last year as the company burned through cash and missed its production targets.

Rivian is scheduled to announce its fourth-quarter financial results on Feb. 20.

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