Why One Analyst Thinks Rivian’s (RIVN) Liquidity Story Matters More Than Losses

Core Insights - Rivian Automotive, Inc. is gaining attention on Wall Street, with positive analyst commentary from Benchmark highlighting solid liquidity and funding visibility [1][3] - Benchmark has set a Buy rating for Rivian with a price target of $18.00, anticipating fourth-quarter revenue of $1.27 billion, slightly above the consensus estimate of $1.26 billion [2][3] Financial Performance - Rivian is expected to report an earnings per share of $(0.61), better than the consensus expectation of $(0.71) [2] - The company delivered 42,247 vehicles in 2025, aligning with its guidance and model [2] - Rivian's guidance includes an adjusted EBITDA loss of $1.7-1.9 billion and capital expenditures of $1.6-1.7 billion [2] Liquidity and Funding - Rivian maintains a solid liquidity position with $7 billion in cash and over $10 billion in incremental capital, supported by funding from a joint venture with Volkswagen and access to a Department of Energy loan [3]