Rivian’s quarterly loss widens despite 78% revenue growth

Core Insights - Rivian Automotive reported a net loss of $1.17 billion for Q3 2025, an increase from $1.1 billion in the same quarter last year, despite a significant revenue increase of 78% to $1.55 billion from $874 million in Q3 2024 [1][2] - The company achieved a gross profit of $24 million, a notable improvement from a loss of $392 million in the previous year, indicating a positive shift in revenue and cost management [2] Revenue Breakdown - Automotive revenue rose by 47% to $1.14 billion, driven by higher vehicle deliveries and increased average selling prices [1] - Software and services revenue surged to $416 million, marking a 324% increase, primarily due to new vehicle electrical architecture and software development services [2] Production and Deliveries - Rivian produced 10,720 vehicles and delivered 13,201 vehicles in Q3, which is anticipated to be the highest delivery quarter of the year [4] - The company is on track for the launch of the R2 model in the first half of 2026, with significant progress in facility construction and equipment setup [5] Strategic Initiatives - The company emphasizes its commitment to a fully electric, autonomous, and software-defined automotive industry, positioning itself to build a strong brand in the U.S. and European markets [4] - Rivian has initiated plans for a second manufacturing site in Georgia, expected to create 7,500 jobs and add 400,000 units of annual capacity upon completion [6]