Production and Delivery - Rivian produced 31,310 vehicles and delivered 32,502 vehicles during the nine months ended September 30, 2025[142]. - Rivian plans to start production of the R2 midsize SUV in the first half of 2026, which is expected to be foundational for long-term growth and profit potential[138]. - The company has received an initial order of 100,000 electric delivery vans (EDVs) from Amazon, with the vans designed for large-scale production and deployment[140]. - Rivian's manufacturing facility in Normal, Illinois, is expected to expand production capacity to approximately 215,000 units annually following upgrades completed in late 2025[154]. - The production volume for Q3 2025 was 10,720 units, a decrease of 19% from 13,157 units in Q3 2024[163]. - The delivery volume for Q3 2025 was 13,201 units, a 32% increase from 10,018 units in Q3 2024[163]. Financial Performance - Automotive revenues for Q3 2025 increased to $1,142 million, a 47% increase from $776 million in Q3 2024, driven by higher vehicle deliveries and increased average selling prices[159]. - Total revenues for the nine months ended September 30, 2025, reached $4,101 million, compared to $3,236 million in the same period of 2024, reflecting a 27% increase[159]. - The gross profit for Q3 2025 improved to a loss of $130 million, compared to a loss of $379 million in Q3 2024, marking a 66% improvement[163]. - The cost of revenues for the nine months ended September 30, 2025, decreased to $3,364 million, down 21% from $4,283 million in the same period of 2024[164]. Software and Services - Rivian's software and services segment is designed to create a recurring revenue stream and long-term brand loyalty, including offerings like vehicle repair, maintenance, and software subscriptions[144]. - The company is focused on enhancing its software and services portfolio, expecting it to provide a higher-margin, recurring revenue stream for each vehicle[155]. - The company reported software and services revenues of $416 million for the three months ended September 30, 2025, a 324% increase compared to $98 million in the same period of 2024[169]. - For the nine months ended September 30, 2025, software and services revenues reached $1.11 billion, up 311% from $270 million in the same period of 2024[169]. - The cost of revenues for software and services increased to $262 million for the three months ended September 30, 2025, a 136% increase from $111 million in the same period of 2024[170]. - The company achieved a gross profit of $154 million for the three months ended September 30, 2025, compared to a loss of $13 million in the same period of 2024[170]. Expenses and Investments - Research and development expenses for the three months ended September 30, 2025, were $453 million, a 29% increase from $350 million in the same period of 2024[172]. - Selling, general, and administrative expenses for the three months ended September 30, 2025, were $554 million, reflecting a 30% increase from $427 million in the same period of 2024[175]. - The company anticipates significant external debt and/or equity financing will be required for future investments to support growth initiatives[156]. - The company plans to invest in international operations and expand its business outside existing markets, leveraging its modular platforms and digital-first approach[156]. Liquidity and Financing - The company’s total liquidity as of September 30, 2025, was $7.686 billion, down from $9.063 billion as of December 31, 2024[182]. - The company issued approximately $1.3 billion in 2031 Green Secured Notes in June 2025, with a fixed interest rate of 10% per annum[183][184]. - The company expects to receive up to an additional $2.5 billion from Volkswagen Group, including $1.5 billion in equity investments and $1.0 billion in loans[188]. - The Department of Energy has agreed to arrange a multi-draw term loan facility for the company, with the first tranche of up to approximately $3.4 billion and the second tranche of up to approximately $2.6 billion[190]. - Net cash used in operating activities decreased from $2,899 million in the nine months ended September 30, 2024, to $98 million in the same period of 2025, primarily due to a significant reduction in net loss[195][196]. - Net cash used in investing activities increased from $594 million in the nine months ended September 30, 2024, to $1,507 million in the same period of 2025, driven by higher capital expenditures related to production capacity expansion[195][197]. - Net cash provided by financing activities for the nine months ended September 30, 2025, was $747 million, primarily from the issuance of $750 million Class A common shares to Volkswagen Group[195][198]. Future Outlook - Future operating losses and capital requirements may vary significantly based on revenue growth, R&D spending, and market acceptance of new products[194]. - The company anticipates that future investments may require significant debt and/or equity financing, which could lead to dilution for stockholders[194]. - The company believes its existing cash and short-term investments, along with available borrowing, will be sufficient to meet operating expenses for at least the next 12 months[193]. - The interest rate for the DOE loan is set at the United States Treasury-equivalent yield curve with a 0% credit spread[191]. - The company has no material changes in its exposure to market risk as a result of financial instruments during the nine months ended September 30, 2025[201].

Core Insights - Rivian has reported a revenue beat, attributed to the expiration of electric vehicle (EV) credits, which has positively impacted its stock performance [1] Group 1: Financial Performance - The company achieved a revenue that exceeded market expectations, indicating strong demand for its electric vehicles [1] - The expiration of EV credits has played a significant role in driving revenue growth, suggesting a strategic advantage in the current market environment [1] Group 2: Market Reaction - Following the revenue announcement, Rivian's stock experienced an upward movement, reflecting investor confidence in the company's financial health and future prospects [1]

Core Insights - The electric-vehicle maker's revenue reached $1.56 billion, driven by a 47% increase in automotive sales, which constituted the majority of total revenue [1] Group 1 - The company's top line rose to $1.56 billion [1] - Sales from the automotive business increased by 47% [1]

Core Insights - Rivian Automotive exceeded Wall Street expectations for Q3, reporting a gross profit of $24 million, contrasting with the anticipated loss of $38.6 million [1][2] Financial Performance - The gross profit included a $130 million loss in automotive operations, which represented a $249 million improvement year-over-year, offset by $154 million from the joint venture with Volkswagen and its software and services business [2] - Adjusted loss per share was 65 cents, better than the expected loss of 72 cents, while revenue reached $1.56 billion, surpassing the forecast of $1.5 billion [5] Future Guidance - Rivian maintained its 2025 guidance, projecting an adjusted earnings loss between $2 billion and $2.25 billion, capital expenditures of $1.8 billion to $1.9 billion, and vehicle deliveries of 41,500 to 43,500 units [3]

Company Initiatives - Rivian 今年第二次分拆新公司，此前在 3 月份成立了微出行初创公司 Also [1]

Core Insights - Rivian Automotive exceeded Wall Street expectations for third-quarter revenue, driven by strong vehicle deliveries as U.S. consumers sought to take advantage of federal tax incentives for electric vehicle purchases [1] Group 1: Financial Performance - The company reported third-quarter revenue that surpassed analyst forecasts, indicating robust demand for its electric vehicles [1] - Strong deliveries contributed significantly to the revenue growth, reflecting a positive market response to the company's offerings [1] Group 2: Market Dynamics - The surge in consumer interest is attributed to the federal tax incentive, which has encouraged more buyers to consider electric vehicles [1] - This trend highlights the impact of government policies on consumer behavior and the electric vehicle market [1]

Core Insights - Rivian reported third quarter results that exceeded estimates, with revenue of $1.55 billion, a 78% increase year-over-year, driven by a pull-forward in deliveries [1] - The company posted a loss per share of $0.65, better than the estimated loss of $0.71, while adjusted EBITDA loss was $602 million, slightly worse than the estimated $570.7 million [2] - Rivian maintained its full-year loss projection, reiterating an adjusted 2025 full-year EBITDA loss in the range of $2 billion to $2.25 billion [3] Financial Performance - Revenue for Q3 was $1.55 billion compared to the estimated $1.49 billion, marking a 78% increase from the previous year [1] - Gross profit was reported at $24 million, recovering from previous losses, while the adjusted EBITDA loss was $602 million [2] - The company continues to project a full-year loss, with capital expenditures estimated between $1.8 billion and $1.9 billion [3] Production and Delivery - In Q3, Rivian produced 10,720 vehicles and delivered 13,201 vehicles, aligning with expectations for a strong quarter [4] - The company maintained its 2025 delivery guidance range of 41,500 to 43,500 vehicles, narrowed from a previous range of 40,000 to 46,000 vehicles [4] Strategic Initiatives - The development of the R2 midsize crossover is crucial for boosting sales, with production on track for release in the first half of 2026 [5] - Rivian has completed the installation of all lines for the R2 body shop and expects to begin manufacturing validation builds by year-end [5]

By Akash Sriram and Abhirup Roy (Reuters) -Rivian Automotive surpassed third-quarter revenue expectations on Tuesday, fueled by strong deliveries as U.S. consumers rushed to grab a federal tax incentive on electric vehicle purchases before its expiry. Shares of the Irvine, California-based company rose more than 4% after the bell. The company said last month it delivered 13,201 vehicles in the third quarter, up 32% from the year earlier, but lowered the mid point of its full-year forecast marginally to ...

Rivian has created its second spinoff company this year: an industrial AI and robotics venture called Mind Robotics.The new effort will be focused around using “industrial AI to reshape how physical world businesses operate and leverage Rivian operations data as the foundation for a robotics data flywheel,” according to a the company’s third-quarter shareholder letter published Tuesday. (That’s a mouthful of buzzwords; we’ve asked Rivian to clarify things a bit more and will update the post if it does.) Ri ...

Q3 2025 Shareholder Letter © 2025 Rivian. All rights reserved. 2 We continue to make significant progress across our strategic priorities including preparation for the launch of R2 and development of our technology roadmap including autonomy and our vertically integrated hardware and software. While we face near-term uncertainty from trade, tariffs, and regulatory policy, we remain focused on long-term growth and value creation. We believe the future car parc will be fully electric, autonomous, and software ...