Rivian Posts Strong Q4 Results, Misses Guidance for 2025
Key Financial Metrics:
* Revenue: $1.73 billion (up 32% YoY)
* Adjusted EBITDA Loss: $277 million (beat estimates)
* Adjusted Loss per Share: $0.46 (beat estimates)
* Gross Profit: $170 million
* Cash and Cash Equivalents: $5.29 billion
Production and Deliveries:
* Produced 49,476 vehicles in 2024
* Delivered 51,579 vehicles in 2024
* Produced 12,727 vehicles in Q4 2024
* Delivered 14,183 vehicles in Q4 2024
Outlook:
* 2025 Adjusted EBITDA Loss: $1.7 billion to $1.9 billion
* 2025 Vehicle Deliveries: 46,000 to 51,000
* Lower Q1 deliveries due to seasonality and wildfires in California
Key Developments:
* Expanded partnership with Volkswagen
* Conditional commitment for $6.6 billion loan from the Department of Energy
* Opening up orders for EDV commercial delivery van
Analyst Commentary:
* Wedbush: Conservative guidance due to macro headwinds and plant shutdown for R2 integration
* CFRA: Sell rating due to weak 2025 guidance and potential loan clawback
* Concerns raised about potential repeal of federal EV tax credit
Additional Information:
* Rivian Automotive (RIVN)
* Stock Price (as of Market Open): $13.06
* Industry: Automotive