Rivian Reports Strong Q4 Results, Projects Smaller Losses in 2025

Rivian (RIVN) announced impressive fourth quarter results, achieving a gross profit and surpassing EBITDA loss expectations. Key highlights include:

Gross Profit and Cost Reductions

* Reported a gross profit of $170 million.
* Reduced automotive cost of goods sold per vehicle by $31,000 in Q4 2023 compared to Q4 2024.

Guidance

* Projects adjusted 2025 EBITDA loss between $1.7 billion and $1.9 billion.
* Estimates vehicle deliveries between 46,000 and 51,000.

Financial Performance

* Surpassed revenue expectations with $1.73 billion.
* Reported an adjusted loss per share of $0.46, beating estimates.
* Adjusted EBITDA loss improved to $277 million.

Production and Deliveries

* Produced 49,476 vehicles and delivered 51,579 in 2024.
* Produced 12,727 vehicles and delivered 14,183 in Q4.

Partnerships and Capital

* Expanded partnership with Volkswagen (VWAGY) to utilize Rivian's electrical architecture and software stack.
* Secured a conditional $6.6 billion loan commitment from the Department of Energy for its Atlanta assembly plant.

Regulatory Landscape

* Potential repeal of federal EV tax credit remains a concern.
* Rivian anticipates opening orders for its EDV commercial delivery van as a new revenue stream.