Rivian Automotive Inc. (RIVN) reported a widened third-quarter net loss of $1.173 billion, with a loss per share of $0.96 that missed analyst estimates of $0.86, despite a 78% revenue increase to $1.558 billion which exceeded expectations. The company produced 10,720 vehicles and delivered 13,201, marking its highest delivery quarter. Rivian's current outlook for 2025 includes vehicle deliveries between 41,500 and 43,500 units, and it anticipates an adjusted EBITDA loss between $2.0 billion and $2.25 billion for the year.
Rivian Automotive Inc. (RIVN) reported a mixed third quarter, with consolidated revenues reaching $1.558 billion, a significant 78% year-over-year increase, surpassing analyst expectations of $1.51 billion. However, the net loss attributable to common stockholders widened to $1.173 billion, and the loss per share of $0.96 missed analyst estimates of $0.86, indicating persistent unprofitability despite top-line growth. Operationally, Rivian produced 10,720 vehicles and delivered 13,201 units during the quarter, marking its highest delivery quarter as previously indicated. This robust delivery performance suggests improving execution in scaling production and meeting customer demand, which is a positive signal for the company's manufacturing ramp-up. Looking ahead, Rivian's 2025 outlook projects vehicle deliveries between 41,500 and 43,500 units, demonstrating anticipated continued growth in output. However, the company also forecasts an adjusted EBITDA loss ranging from negative $2.0 billion to negative $2.25 billion for the year, underscoring ongoing significant investments and expected unprofitability as the company scales.
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