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
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Rivian Automotive, Inc. 10-Q filed Oct 29, 2026
Red flags
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Covenant breach
Rivian Automotive, Inc.’s 10-Q reports a breach of a debt covenant, or a waiver to avoid one
In April 2026, the Borrower and the Sponsor entered into an Amended and Restated Loan Arrangement and Reimbursement and Sponsor Support Agreement (the “A&R LARSSA”) with the DOE.
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Receivables outpacing revenue
Receivables grew 193.6% while revenue grew 38.3% year over year
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Share dilution
Shares outstanding rose 19.1% in a year, to 1.5 billion
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 30, 2026: 5 added · 4 removed · 42 modified; 5 with only figures updated
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Modified · Overview
We believe our competitive advantage stems from our product and brand differentiation through vertically integrated technologies as well as our direct-to-customer sales and service model. Product performance benefits from the ability to fully control and continually enhance virtually every aspect of our vehicle’s software, digital experience, and driving dynamics. Our in-house autonomy system has been designed with an AI-centric end-to-end approach and leverages the large amount of miles driven by Rivian vehicles for training, enabling
the Companycontinuous improvements tocontinuously improvethe system. We believe our product performance is increasingly being recognized by customers and has helped Rivian earn some of the industry’s most coveted owner experience awards.