Overview
- Rivian shares jumped 24.2% in November and are up another roughly 5% in December, bringing 2025 gains to about 32%, according to S&P Global Market Intelligence data.
- Third-quarter revenue rose 78% year over year to $1.5 billion, with software and services revenue up 324% to $416 million, and more than half of that tied to the Volkswagen joint venture.
- Rivian posted a $24 million gross profit in Q3 versus a year-ago gross loss, as automotive cost of revenue fell by nearly $19,000 per vehicle delivered.
- The company narrowed its 2025 delivery outlook to 41,500 to 43,500 vehicles.
- Production and deliveries of the mid-size R2 are planned for the first half of 2026 from the Illinois plant with 155,000 annual capacity, and construction of a new 400,000-unit Georgia factory is slated to begin next year; Rivian also spun off Mind Robotics, which secured $115 million in seed funding.