Overview
- Rivian reported delivering fewer vehicles in 2025 than in either 2024 or 2023.
- Third-quarter revenue rose 78% year over year to about $1.56 billion, generating a $24 million gross profit.
- Automotive gross profit remained negative at roughly $130 million in Q3, an improvement of $249 million from a year earlier.
- Deliveries totaled 13,201 in Q3 and 9,745 in Q4, still below the quarterly peak of 15,564 set in Q3 2023.
- R2 SUVs are positioned as significantly cheaper than R1 models, and investors expect the launch to help reenergize deliveries.