Rivian Automotive Inc. Class A Common Stock (RIVN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$0.78	-$0.63	+19.2%	—	$1.7B	—
Q4 25	-$0.79	-$0.66	+16.5%	—	$1.3B	—
Q3 25	-$0.86	-$0.96	-11.6%	—	$1.6B	—
Q2 25	-$0.64	-$0.8	-25.0%	—	—	—
Q1 25	-$0.92	-$0.48	+47.8%	—	—	—
Q4 24	-$0.63	-$0.47	+25.4%	—	—	—
Q3 24	-$0.9	-$0.99	-10.0%	—	—	—
Q2 24	-$1.41	-$1.46	-3.5%	—	—	—
Q1 24	-$1.16	-$1.24	-6.9%	—	—	—
Q4 23	-$1.32	-$1.36	-3.0%	—	—	—
Q3 23	-$1.32	-$1.19	+9.8%	—	—	—
Q2 23	-$1.41	-$1.08	+23.4%	—	$1.1B	—
Q1 23	-$1.59	-$1.25	+21.4%	—	$661M	—
Q4 22	-$1.94	-$1.73	+10.8%	—	$663M	—
Q3 22	-$1.82	-$1.57	+13.7%	—	$536M	—
Q2 22	-$1.63	-$1.62	+0.6%	—	$364M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$3.07	—	—	$5.4B	—
FY24	—	-$4.69	—	—	$5B	—
FY23	—	-$5.74	—	—	$4.4B	—
FY22	—	-$7.4	—	—	$1.7B	—
FY21	—	-$5.21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$0	$0	$55M	$1.7B	$4.4B	$5B	$5.4B
YoY change	—	0%	+InfinityT%	+2.9K%	+167.4%	+12.1%	+8.39%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	0	0	55M	1.7B	4.4B	5B	5.4B
Cost of revenue	0	0	520M	4.8B	6.5B	6.2B	5.2B
Gross profit	0	0	-465M	-3.1B	-2B	-1.2B	144M
Gross margin	—	—	-845.5%	-188.4%	-45.8%	-24.1%	2.67%
Research & development	301M	766M	1.9B	1.9B	2B	1.6B	1.7B
Selling, general & administrative	108M	255M	1.2B	1.8B	1.7B	1.9B	1.8B
Operating expenses	409M	1B	3.8B	3.7B	3.7B	3.5B	3.5B
Operating income	-409M	-1B	-4.2B	-6.9B	-5.7B	-4.7B	-3.6B
Operating margin	—	—	-7.7K%	-413.5%	-129.4%	-94.3%	-66.5%
Non-operating income, net	-1M	1M	-442M	18M	6M	-119M	-54M
Pretax income	-426M	-1B	-4.7B	-6.7B	-5.4B	-4.7B	-3.6B
Income tax	0	0	0	4M	1M	5M	6M
Net income	-426M	-1B	-4.7B	-6.8B	-5.4B	-4.7B	-3.6B
Net margin	—	—	-8.5K%	-407.2%	-122.5%	-95.5%	-67.3%
EBITDA	-385M	-981M	-4B	-6B	-4.3B	-3.3B	-2.4B
EPS	-0.59	-1.41	-5.21	-7.4	-5.74	-4.69	-3.07
Diluted EPS	-0.59	-1.41	-5.21	-7.4	-5.74	-4.69	-3.07

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	1.6B	1.3B	1.4B	1.7B
Cost of revenue	—	—	—	—	—	—	—	—	1.5B	1.2B	1.3B	1.5B
Gross profit	—	—	—	—	—	—	—	—	24M	120M	119M	179M
Gross margin	—	—	—	—	—	—	—	—	1.54%	9.33%	8.62%	10.8%
Research & development	—	—	—	—	—	—	—	—	453M	424M	458M	466M
Selling, general & administrative	—	—	—	—	—	—	—	—	554M	308M	485M	485M
Operating expenses	—	—	—	—	—	—	—	—	1B	732M	943M	951M
Operating income	—	—	—	—	—	—	—	—	-983M	-833M	-881M	-836M
Operating margin	—	—	—	—	—	—	—	—	-63.1%	-64.8%	-63.8%	-50.4%
Non-operating income, net	—	—	—	—	—	—	—	—	-191M	32M	478M	18M
Pretax income	—	—	—	—	—	—	—	—	-1.2B	-801M	-418M	-838M
Income tax	0	0	1M	1M	0	3M	2M	2M	-1M	3M	-2M	-1M
Net income	—	—	—	—	—	—	—	—	-1.2B	-804M	-416M	-837M
Net margin	—	—	—	—	—	—	—	—	-74.8%	-62.5%	-30.1%	-50.5%
EBITDA	—	—	—	—	—	—	—	—	-911M	-536M	-159M	-533M
EPS	-1.44	-1.58	-1.48	-1.46	-1.08	-0.7	-0.48	-0.97	-0.96	-0.66	-0.33	-0.63
Diluted EPS	-1.44	-1.58	-1.48	-1.46	-1.08	-0.7	-0.48	-0.97	-0.96	-0.66	-0.33	-0.63

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	16.8B	22.2B	13.5B	—	21.4B
Enterprise value	—	—	—	7.1B	18B	11.5B	—	22.5B
Shares outstanding	723M	723M	900M	913M	947M	1B	1.2B	1.2B

Valuation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	—	-4.82
P/S	—	—	—	10.1	5.01	2.71	—	3.81
P/B	—	—	—	1.22	2.43	2.05	—	4.13
EV/EBITDA	—	—	—	-1.18	-4.2	-3.51	—	-8.28
EV/Sales	—	—	—	4.26	4.05	2.32	—	3.82
Earnings yield	—	—	—	—	—	—	—	-20.7%
FCF yield	—	—	—	-38.2%	-26.5%	-21.2%	—	-7.19%
PEG	—	—	—	—	—	—	—	0.14

Profitability

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	—	—	-845.5%	-188.4%	-45.8%	-24.1%	2.67%	10.8%
Operating margin	—	—	-7.7K%	-413.5%	-129.4%	-94.3%	-66.5%	-50.4%
Net margin	—	—	-8.5K%	-407.2%	-122.5%	-95.5%	-67.3%	-55%
ROE	113.6%	73.6%	-24%	-48.9%	-59.4%	-72.3%	-78.9%	-57.5%
ROA	-16.2%	-22.1%	-21%	-37.8%	-32.4%	-30.8%	-24.4%	-14.4%
ROIC	15.9%	24.4%	-141.2%	-169.6%	-117.4%	-102%	-69.4%	-68.3%
Return on tangible assets	-16.2%	-22.1%	-21%	-37.8%	-32.4%	-30.8%	-24.4%	-21.3%

Financial health

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	12.4	4.94	14.1	5.42	4.95	4.7	2.33	2.1
Quick ratio	12.4	4.94	13.9	4.86	3.9	3.7	1.89	1.65
Debt / equity	-0.2	-0.13	0.08	0.13	0.56	0.87	1.45	1.04
Debt / assets	0.03	0.04	0.07	0.1	0.3	0.37	0.45	0.35
Net debt / EBITDA	5.69	2.85	4.11	1.63	0.99	0.6	-0.24	-0.02
Interest coverage	-11.5	-126.3	-160.7	-64.5	-23.7	-13.9	-12.2	-11.1
Effective tax rate	0%	0%	0%	0%	0%	0%	0%	0%

Per share

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	0	0	0.06	1.82	4.68	4.91	4.54	4.68
EPS (basic)	-0.59	-1.41	-5.21	-7.4	-5.74	-4.69	-3.07	-3.07
EPS (diluted)	-0.59	-1.41	-5.21	-7.4	-5.74	-4.69	-3.07	-2.59
Book value per share	-0.52	-1.91	21.7	15.1	9.65	6.48	3.87	3.75
FCF per share	-0.76	-2.44	-4.91	-7.03	-6.22	-2.82	-2.1	-2.63
Cash per share	3.13	4.12	20.1	12.7	9.89	7.6	5.13	3.67
Capex per share	—	—	—	—	—	—	1.44	1.24

Capital allocation

Metric	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	31.7%	27.9%
Capex / operating cash flow	—	—	—	—	—	—	-219.5%	-89.1%
Payout ratio	—	—	—	—	—	—	—	0%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	2.3B	3B	18.1B	11.6B	9.4B	7.7B	6.1B
Receivables	—	6M	26M	102M	161M	443M	555M
Inventory	—	0	274M	1.3B	2.6B	2.2B	1.6B
Total current assets	2.3B	3B	18.6B	13.1B	12.3B	10.6B	8.6B
Property, plant & equipment	313M	1.5B	3.4B	4.1B	4.2B	4.4B	5.7B
Goodwill & intangibles	—	—	—	—	—	—	—
Total assets	2.6B	4.6B	22.3B	17.9B	16.8B	15.4B	14.9B
Accounts payable	27M	90M	483M	1B	981M	499M	595M
Short-term debt	3M	50M	163M	270M	361M	917M	1.7B
Total current liabilities	185M	611M	1.3B	2.4B	2.5B	2.3B	3.7B
Long-term debt	71M	130M	1.4B	1.5B	4.8B	4.8B	5B
Total liabilities	3B	6B	2.8B	4.1B	7.6B	8.8B	10.3B
Shareholders' equity	-375M	-1.4B	19.5B	13.8B	9.1B	6.6B	4.6B
Total debt	74M	180M	1.6B	1.8B	5.1B	5.7B	6.7B
Net debt	-2.2B	-2.8B	-16.5B	-9.8B	-2.7B	443M	3.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	9.1B	9.4B	7.9B	7.9B	6.7B	7.7B	7.2B	7.5B	7.1B	6.1B	4.8B	5.3B
Receivables	237M	161M	389M	249M	217M	443M	412M	254M	203M	555M	342M	370M
Inventory	2.5B	2.6B	2.8B	2.6B	2.7B	2.2B	2.6B	2.1B	1.6B	1.6B	1.5B	1.7B
Total current assets	12.1B	12.3B	11.3B	11B	9.8B	10.6B	10.4B	10.1B	9.3B	8.6B	7B	7.6B
Property, plant & equipment	4.2B	4.2B	4.2B	4.2B	4.2B	4.4B	4.6B	4.9B	5.4B	5.7B	6B	6.3B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	16.5B	16.8B	15.7B	15.4B	14.3B	15.4B	15.5B	15.6B	15.2B	14.9B	14.2B	15.1B
Accounts payable	1.1B	981M	1B	769M	617M	499M	713M	489M	554M	595M	754M	889M
Short-term debt	374M	361M	364M	422M	429M	917M	1.1B	1.4B	1.5B	1.7B	1.6B	117M
Total current liabilities	2.6B	2.5B	2.4B	2.1B	1.9B	2.3B	2.8B	2.9B	3.4B	3.7B	3.4B	3.6B
Long-term debt	3B	4.8B	4.8B	5.9B	5.8B	4.8B	4.9B	4.9B	5B	5B	5B	5.2B
Total liabilities	5.9B	7.6B	7.7B	8.5B	8.4B	8.8B	9.3B	9.5B	10.1B	10.3B	9.8B	10B
Shareholders' equity	10.6B	9.1B	8.1B	6.8B	5.9B	6.6B	6.2B	6.1B	5.1B	4.6B	4.4B	5.1B
Total debt	3.4B	5.1B	5.1B	6.3B	6.3B	5.7B	6B	6.3B	6.5B	6.7B	6.6B	5.4B
Net debt	-4.5B	-2.7B	-837M	536M	862M	443M	1.3B	1.5B	2B	3.1B	3.7B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-426M	-1B	-4.7B	-6.8B	-5.4B	-4.7B	-3.6B
Depreciation & amortization	7M	29M	197M	652M	937M	1B	784M
Stock-based compensation	0	0	570M	987M	821M	692M	741M
Change in working capital	-14M	-11M	-331M	-1.6B	-1.5B	1.7B	869M
Operating cash flow	-396M	-959M	-3.1B	-6.6B	-5.1B	-1.3B	-779M
Capital expenditure	—	—	—	—	—	—	-1.7B
Investing cash flow	-2M	—	0	0	-1.5B	-839M	-1.8B
Dividends paid	—	—	—	—	—	—	—
Share repurchases	0	-6M	—	—	—	—	—
Financing cash flow	2.8B	2.5B	19.7B	99M	3.2B	1.1B	825M
Net change in cash	2.4B	1.5B	16.6B	-6.5B	-3.3B	-959M	-1.8B
Free cash flow	-552M	-1.8B	-4.4B	-6.4B	-5.9B	-2.9B	-2.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-1.4B	-1.5B	-1.4B	-1.5B	-1.1B	-743M	-541M	-1.1B	-1.2B	-804M	-416M	-837M
Depreciation & amortization	256M	270M	280M	274M	259M	218M	200M	196M	187M	201M	194M	237M
Stock-based compensation	242M	215M	233M	194M	111M	154M	188M	189M	174M	190M	207M	226M
Change in working capital	-145M	-18M	-652M	642M	56M	157M	-288M	988M	509M	-340M	-74M	-272M
Operating cash flow	-975M	-1.1B	-1.5B	-495M	-697M	-271M	-421M	278M	26M	-681M	-703M	-487M
Capital expenditure	—	—	—	—	—	—	—	—	-447M	-463M	-372M	-362M
Investing cash flow	-242M	-305M	-352M	-206M	778M	-1.1B	-70M	-244M	-393M	-321M	-25M	-100M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-8M	1.7B	-2M	1B	36M	104M	-6M	719M	-1M	112M	-3M	-6M
Net change in cash	-1.2B	325M	-1.9B	329M	117M	-1.2B	-497M	753M	-368M	-890M	-731M	-593M
Free cash flow	-1.1B	-1.4B	-1.5B	-1B	-1.2B	856M	-526M	-398M	-421M	-1.1B	-1.1B	-849M

Rivian Automotive Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement