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Rivian Automotive, Inc.

RIVN Consumer Cyclical Auto Manufacturers

Rivian Automotive, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 8.39% from fiscal 2024.

Revenue
+38.3%
EPS
+34.4%
Free cash flow
−167.0%
Total debt
+0.18%

Quarter to September 2026, against a year earlier

13.37 0.69 −4.91%
Market cap
$19.4B
P/E
0.0×
Fwd P/E
−5.2×
Dividend yield
—
F-score
4/9
Altman Z
−1.21
Beneish M
−8.32
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Rivian Automotive, Inc. (RIVN) Earnings & Analysis

Updated · Covers results through Q2 FY2026 · How this is made

Latest quarter

Rivian reported Q2 FY2026 revenue of $1.7 billion, compared with $1.3 billion in Q2 FY2025, which the company reported as a 27.2% increase. Revenue of $1.7 billion was above the consensus of $1.6 billion, and Rivian reported revenue as 4.25% above the consensus. Adjusted EPS, as the consensus counts it, was −$0.47 versus the consensus estimate of −$0.65; Rivian reported the result as 27.7% above the consensus. Diluted EPS was −$0.63, compared with −$0.97 a year earlier.

Rivian’s filing attributes the increase in automotive revenue primarily to a 14% increase in vehicle deliveries and a $103 million increase in regulatory-credit revenue, partly offset by a lower average vehicle selling price from a higher mix of commercial-van and R2 deliveries. The company reported software and services revenue of $515.0 million and consolidated gross profit of $179.0 million. Gross margin was 10.8%, compared with −15.8% a year earlier, while operating margin was −50.4%, compared with −85.5%. Free cash flow was −$849.0 million, compared with −$398.0 million in Q2 FY2025.

Q2 FY2026 Q2 FY2025 Change
Revenue $1.7 billion $1.3 billion 27.2%
Diluted EPS −$0.63 −$0.97 —
Gross margin 10.8% −15.8% 26.6 percentage points
Operating margin −50.4% −85.5% 35.1 percentage points
Free cash flow −$849.0 million −$398.0 million —
Against the consensus Reported Consensus Result
Adjusted EPS −$0.47 −$0.65 Beat by 27.7%
Revenue $1.7 billion $1.6 billion Beat by 4.25%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

A transcript or other record of Rivian’s latest earnings call was not available. The available filing therefore does not provide attributable call commentary from Rivian executives or analyst questions and answers.

Guidance

Rivian’s July 30 results release guides FY2026 vehicle deliveries of 65,000–70,000 and FY2026 capital expenditures of $1.7 billion–$1.8 billion. The company presents those figures as its FY2026 delivery and capital-expenditure expectations.

Metric For Guide Previous guide Change
Capex FY2026 $1.7 billion–$1.8 billion — New
Units FY2026 65,000–70,000 — —

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.