🔹 Revenue: $1.56B (Est. $1.49B) 🟢; UP +78% YoY
🔹 Adj. Loss/Share: ($0.65) (Est. ($0.71)) 🟢
🔹 Vehicles Delivered: 13,201 (Est. 12,972) 🟢
🔹 Production: 10,720 (Est. 10,487) 🟢
🔹 Gross Profit: $24M; +$416M YoY improvement
🔹 Cash & Equivalents: $4.44B (Est. $4.09B) 🟢
FY25 Outlook
🔹 Vehicle Deliveries: 41,500–43,500
🔹 Adj. EBITDA Loss: $2.0B–$2.25B
🔹 CapEx: $1.8B–$1.9B
Business & Operational Highlights
🔹 R2 launch on track for 1H’26; validation builds expected by year-end
🔹 Expanded Illinois plant to 215K annual capacity; broke ground on new Georgia facility (adds 400K units)
🔹 Software & Services Revenue: $416M; UP +324% YoY
🔹 Automotive Revenue: $1.14B; UP +47% YoY
🔹 Hosting Autonomy & AI Day on Dec 11, 2025
🔹 Announced Mind Robotics, raising ~$110M external seed capital
🔹 Rivian Autonomy Platform: 70% increase in hands-free driving miles
🔹 Over 850 chargers across 131 sites; 90% now open to all EVs
CEO Commentary – RJ Scaringe
🔸 “We’re making strong progress on R2 and our technology roadmap.”
🔸 “We believe the future is fully electric, autonomous, and software-defined.”
🔸 “Rivian’s vertically integrated tech and direct ownership model position us to build a category-defining brand.”