Q1 25 EPS
$-0.48
BEAT +47.98%
Est. $-0.92
Q1 25 Revenue
$1.24B
BEAT +21.59%
Est. $1.02B
vs S&P Since Q1 25
-15.4%
TRAILING MARKET
RIVN +13.0% vs S&P +28.4%
Market Reaction
Did RIVN Beat Earnings? Q1 2025 Results
Rivian delivered a standout first quarter in 2025, posting a loss per share of $0.48 against a consensus estimate of $0.92, a beat of nearly 48%, while revenue of $1.24 billion topped expectations by 21.59% and grew 3.0% year over year. The single mo… Read more Rivian delivered a standout first quarter in 2025, posting a loss per share of $0.48 against a consensus estimate of $0.92, a beat of nearly 48%, while revenue of $1.24 billion topped expectations by 21.59% and grew 3.0% year over year. The single most consequential driver was a record gross profit of $206 million, its second consecutive positive quarter, swinging from a $527 million gross loss in Q1 2024 as cost reductions exceeding $22,600 per vehicle and a surging software and services segment, which alone contributed $114 million in gross profit, reshaped the economics of the business. That milestone also triggered an expected $1 billion investment from Volkswagen Group, set to fund on June 30, 2025, at a 33% premium to the volume-weighted average stock price. Looking ahead, Rivian trimmed its 2025 delivery outlook to 40,000 to 46,000 vehicles, citing tariff pressures and potential demand softness, while maintaining its adjusted EBITDA loss guidance and keeping R2 production in Normal, Illinois on track for the first half of 2026.
Key Takeaways
- • Second consecutive quarter of positive gross profit at $206 million, the highest to date
- • Over $22,600 reduction in automotive cost of goods sold per vehicle delivered year-over-year
- • 85% improvement in cash flow from operating activities compared to Q1 2024
- • Software and services revenue grew to $318 million from $88 million driven by VW joint venture and remarketing
- • Automotive regulatory credit sales increased by $157 million
- • Higher average selling prices due to proportionally higher consumer deliveries
RIVN YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
RIVN Revenue by Segment
With YoY comparisons, source: SEC Filings
“This quarter we hit our second consecutive gross profit and our highest gross profit to date at $206 million. We have continued to make significant progress on R2, including vehicle validation builds underway and our Normal, Illinois manufacturing facility expansion on track.”
— RJ Scaringe, Q1 2025 Earnings Press Release
RIVN Earnings Trends
RIVN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RIVN EPS Trend
Earnings per share: estimate vs actual
RIVN Revenue Trend
Quarterly revenue: estimate vs actual
RIVN Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $-0.54 | — | $1.38B | +0.94% |
| Q4 25 BEAT FY | $-0.71 | $-0.66 | +7.04% | $1.29B | +2.14% |
| FY Full Year | $-3.20 | $-3.07 | +4.19% | $5.39B | +0.50% |
| Q3 25 MISS | $-0.86 | $-0.96 | -11.73% | $1.56B | +3.00% |
| Q2 25 MISS | $-0.78 | $-0.97 | -24.71% | $1.30B | +0.91% |
| Q1 25 BEAT | $-0.92 | $-0.48 | +47.98% | $1.24B | +21.59% |
| Q4 24 BEAT FY | $-0.77 | $-0.70 | +9.67% | $1.73B | +20.34% |
| FY Full Year | $-4.76 | $-4.69 | +1.41% | $4.97B | +6.27% |
| Q3 24 MISS | $-0.92 | $-1.08 | -17.39% | $874.0M | -11.68% |
| Q2 24 MISS | $-1.21 | $-1.46 | -20.66% | $1.16B | +2.33% |
| Q1 24 MISS | $-1.17 | $-1.48 | -26.50% | $1.20B | +3.49% |