Core Insights - Rivian Automotive reported a narrower loss of 54 cents per share in Q4 2025, compared to a loss of 69 cents estimated by Zacks Consensus, but wider than the previous year's loss of 52 cents [1] - Revenues for the quarter were $1.29 billion, exceeding the Zacks Consensus Estimate of $1.26 billion, but reflecting a year-over-year decline of 25.8% [1] Production and Deliveries - Total production for the quarter was 10,974 units, down from 12,727 units in the same quarter last year [2] - Total deliveries decreased to 9,745 units from 14,183 units a year ago [2] Financial Performance - Gross profit was $120 million, down from $170 million in the prior-year quarter, with a gross margin of 9% [3] - Adjusted operating expenses rose to $712 million from $620 million in the previous year [3] - Adjusted loss before interest, taxes, depreciation, and amortization was $465 million, compared to a loss of $277 million in Q4 2024 [3] Cash Flow and Expenditures - Net cash used by operating activities was $681 million, contrasting with net cash provided of $1.18 billion in the prior-year period [4] - Capital expenditures for Q4 were $463 million, up from $327 million a year ago [4] - Free cash outflow in the quarter was $1.14 billion [4] Segment Performance - The Automotive segment generated revenues of $839 million, a 45% year-over-year decline, primarily due to reduced regulatory credit sales and lower vehicle deliveries [5] - The Software and Services segment saw revenues of $447 million, more than doubling year-over-year, driven by new vehicle electrical architecture and software services [6] Financial Position - As of December 31, 2025, Rivian had cash and cash equivalents of $3.57 billion, down from $5.3 billion a year earlier [7] - Long-term debt remained relatively stable at $4.44 billion as of December 31, 2025, compared to $4.44 billion in the previous year [7] Future Guidance - For 2026, Rivian expects to deliver between 62,000 and 67,000 units, an increase from 42,284 in 2025 [8] - Adjusted EBITDA is projected to remain negative, ranging from $1.80 billion to $2.10 billion [8] - Anticipated capital expenditures for 2026 are between $1.95 billion and $2.05 billion [8]

Core Insights - Rivian Automotive reported a narrower loss of 70 cents per share in Q3 2025, compared to a loss of $1.03 in the same period last year, and better than the Zacks Consensus Estimate of a loss of 72 cents [1][10] - Revenues reached $1.56 billion, exceeding the Zacks Consensus Estimate of $1.46 billion, and reflecting a year-over-year increase of 78.2% driven by higher vehicle deliveries [1][10] Q3 Highlights - Total production for the quarter was 10,720 units, a decrease from 13,157 units year-over-year [2] - Vehicle deliveries increased to 13,201 units from 10,018 units in the prior year [2] Financial Performance - Gross profit was $24 million, a significant improvement from a gross loss of $392 million in the prior-year quarter, resulting in a gross margin of 2% [3][10] - Adjusted operating expenses rose to $1 billion from $777 million year-over-year [3] - Adjusted loss before interest, taxes, depreciation, and amortization improved to $602 million from $757 million in Q3 2024 [3] Cash Flow and Expenditures - Net cash provided by operating activities was $26 million, a turnaround from $876 million used in the prior-year quarter [4] - Capital expenditures for Q3 were $447 million, up from $277 million in the same period last year [4] - Free cash outflow for the quarter was $421 million [4] Segment Performance - The Automotive segment generated revenues of $1.14 billion, a 47.2% increase year-over-year, with a gross loss of $130 million, improved from a gross loss of $379 million in the prior-year quarter [5] - The Software and Services segment saw revenues of $416 million, more than tripling year-over-year, with a gross profit of $154 million compared to a loss of $13 million in the same quarter last year [6] Financial Position - As of September 30, 2025, Rivian had $7.09 billion in cash and cash equivalents, down from $7.7 billion at the end of 2024 [7] - Long-term debt was $4.438 billion, slightly decreased from $4.441 billion at the end of 2024 [7] Guidance Update - Rivian revised its 2025 delivery guidance to 41,500-43,500 units, down from the previous estimate of 40,000-46,000 vehicles [8] - Adjusted EBITDA is expected to remain negative, projected between $2 billion and $2.25 billion [8] - Capital expenditure expectations are reaffirmed to be between $1.8 billion and $1.9 billion [8]

Core Insights - Rivian Automotive, Inc. (NASDAQ:RIVN) experienced a significant stock price increase of 23.36% on Wednesday, closing at $15.42, driven by strong revenue growth in Q3 [1][3]. Financial Performance - Rivian reported a 78% increase in revenues for the third quarter, reaching $1.558 billion, up from $874 million year-on-year, primarily due to a 47% rise in automotive revenues to $1.14 billion from $776 million [2]. - Revenues from software and services surged by 324% to $416 million, compared to $98 million in the same period last year, attributed to advancements in vehicle electrical architecture and software development [3]. Delivery and Outlook - The company achieved higher vehicle deliveries in the quarter, influenced by increased selling prices and accelerated purchases ahead of the expiration of 45W tax credits [2]. - Rivian aims to deliver between 41,500 and 43,500 vehicles for the full year [4]. Losses and Future Projections - Despite revenue growth, the net loss attributable to shareholders rose by 6.6% to $1.173 billion from $1.1 billion year-on-year [4]. - For the full year 2025, Rivian maintains its outlook for an adjusted EBITDA loss of $2 billion to $2.25 billion and capital expenditures of $1.8 billion to $1.9 billion [4].