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Rivian Q3 Earnings Beat Expectations, Revenues Increase Y/Y
ZACKS· 2025-11-06 16:51
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]
Rivian (RIVN) Soars 23% on Revenue Jump
Yahoo Finance· 2025-11-06 10:43
We recently published 10 Big Names Leading Wall Street Gains. Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the best-performing stocks on Wednesday. Rivian recovered by 23.36 percent on Wednesday to close at $15.42 apiece as investors cheered its revenue expansion in the third quarter of the year. In its financial statement, Rivian Automotive, Inc. (NASDAQ:RIVN) said revenues for the period jumped by 78 percent to $1.558 billion from $874 million in the same period last year on the back of higher reven ...