Overview
- Rivian posted Q3 revenue of $1.56 billion and a $24 million consolidated gross profit, with 13,201 deliveries helped by buyers accelerating purchases before the $7,500 EV credit expired.
- The company reported an adjusted loss of $0.65 per share and a net loss of about $1.17 billion, while ending the quarter with roughly $7.7 billion in total liquidity.
- Full-year guidance remains unchanged at 41,500–43,500 deliveries, an adjusted EBITDA loss of $2.0–$2.25 billion, and capital expenditures of $1.8–$1.9 billion.
- Automotive operations posted a $130 million gross loss that was offset by $154 million in gross profit from the Volkswagen joint venture and higher-margin software and services.
- Rivian said R2 is on schedule with manufacturing validation builds planned by year-end and initial customer deliveries targeted for the first half of 2026, supported by completed body shop installation and paint shop capacity raised to 215,000 units.