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. In the quarter to June 2026, revenue grew 27.2%, EPS grew 35.1%, free cash flow fell 113.3% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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Rivian Automotive, Inc. (RIVN) Piotroski F-score
Rivian Automotive, Inc.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 0.00 |
| FY2024 | 4 | 0.00 |
| FY2023 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (24.09%) | (29.50%) | Fail | 0 |
| Positive operating cash flow | (779.00m) | (1.72b) | Fail | 0 |
| Rising return on assets | (24.09%) | (29.50%) | Pass | 1 |
| Cash flow above net income | 2.87b | 3.03b | Pass | 1 |
| Falling long-term leverage | 0.29 | 0.28 | Fail | 0 |
| Rising current ratio | 2.33 | 4.70 | Fail | 0 |
| No new shares issued | 1,186,000,000 | 1,013,000,000 | Fail | 0 |
| Rising gross margin | 2.67% | (24.14%) | Pass | 1 |
| Rising asset turnover | 0.36 | 0.31 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| RACE Ferrari N.V. compare | 8 |
| NIO NIO Inc. compare | 6 |
| XPEV XPeng Inc. Sponsored ADR compare | 5 |
| RIVN Rivian Automotive, Inc. | 4 |
| VFS VinFast Auto Ltd. compare | 4 |
| STLA Stellantis N.V. compare | 3 |
| F Ford Motor Company compare | 3 |
| HMC Honda Motor Co., Ltd. compare | 3 |
| LI Li Auto Inc. Sponsored ADR compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover