Q4 25 EPS
$-0.66
BEAT +7.04%
Est. $-0.71
Q4 25 Revenue
$1.29B
BEAT +2.14%
Est. $1.26B
vs S&P Since Q4 25
-12.1%
TRAILING MARKET
RIVN -6.4% vs S&P +5.7%
Full Year 2025 Results
FY 25 EPS
$-3.07
BEAT +4.19%
Est. $-3.20
FY 25 Revenue
$5.39B
BEAT +0.50%
Est. $5.36B
Market Reaction
Did RIVN Beat Earnings? Q4 2025 Results
Rivian closed out Q4 2025 with a beat on both the top and bottom lines, sending shares sharply higher as investors rewarded the electric vehicle maker's milestone first full year of positive gross profit. The company posted a loss of $0.66 per share … Read more Rivian closed out Q4 2025 with a beat on both the top and bottom lines, sending shares sharply higher as investors rewarded the electric vehicle maker's milestone first full year of positive gross profit. The company posted a loss of $0.66 per share against a consensus estimate of $0.71, a 7.04% beat, while revenue of $1.29 billion edged past the $1.26 billion expected, though it still fell 25.8% year-over-year. That revenue decline was largely explained by a steep drop in regulatory credit sales, from $299 million to just $29 million, compounded by softer vehicle deliveries after key federal EV tax credits expired in late September. The more compelling story, however, was the 109% surge in software and services revenue to $447 million, powered by the Volkswagen joint venture's electrical architecture work, which helped Rivian achieve $120 million in quarterly gross profit. Looking ahead, management guided for 62,000 to 67,000 vehicle deliveries in 2026, with first customer shipments of the mass-market R2 SUV targeted for the second quarter.
Key Takeaways
- • Software and services revenue surged 109% YoY driven by Volkswagen Group joint venture
- • Over $7,200 improvement in automotive cost of goods sold per vehicle delivered YoY
- • Higher average selling prices and higher mix of R1 deliveries for full year
- • Regulatory credit sales declined $270 million YoY in Q4, from $299 million to $29 million
- • Lower vehicle deliveries due to expiration of certain federal EV tax credits on September 30, 2025
- • Strong EDV deliveries to Amazon offset lower R1S and R1T volumes in Q4
RIVN YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
RIVN Revenue by Segment
With YoY comparisons, source: SEC Filings
“In 2025 we focused on execution as we laid the foundation for dramatically scaling our business. Our Autonomy & AI Day in December unveiled our RAP1 Autonomy Processor, our autonomous driving platform and our AI-driven in-car Rivian Assistant. It's incredibly exciting to see the early strong reviews of the R2 pre-production builds, and we can't wait to get them to our customers next quarter.”
— RJ Scaringe, Q4 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% |