Rivian Reports Positive Q4 Results, Forecasts Improved Financials
Key Metrics:
* Gross profit of $170 million in Q4
* Adjusted loss per share of $0.46 (beating estimates)
* Adjusted EBITDA loss of $277 million (better than expected)
Financial Outlook:
* Full-year 2025 adjusted EBITDA loss projected between $1.7 billion and $1.9 billion
* Vehicle deliveries estimated between 46,000 and 51,000 in 2025
* Reduced cost structure with improved revenue per delivered unit and lower variable costs
Key Developments:
* Rivian achieved positive gross profit for the first time
* Strengthened partnership with Volkswagen (VWAGY) for joint venture and R2 SUV launch
* Secured conditional commitment for $6.6 billion loan from Department of Energy (DOE)
* Planned launch of EDV commercial delivery van to diversify revenue streams
Regulatory Considerations:
* Potential repeal of federal EV tax credit by the Trump administration could impact Rivian and other automakers
* Scrutiny of DOE loan deal by the new administration remains a concern
Additional Notes:
* Vehicle production totaled 49,476 in 2024, with 51,579 delivered
* Cash and cash equivalents declined to $5.29 billion as of year-end 2024
* Analyst estimates were $1.38 billion in revenue and $0.65 adjusted loss per share for Q4