From Financial Modeling Prep: 2025-02-21 12:46:00

Rivian Automotive (NASDAQ:RIVN) narrowed Q4 losses, surpassing analyst expectations with a loss of $0.70 per share and revenue of $1.73 billion. The company reported a gross profit of $170 million due to cost-cutting measures. However, lower delivery forecasts for 2025 caused shares to drop over 5%.

In Q4, Rivian delivered 14,183 vehicles and finalized a joint venture with Volkswagen. The company secured a loan from the U.S. Department of Energy, unlocking up to $10 billion in capital. For 2025, Rivian projects deliveries between 46,000 and 51,000 vehicles, with an adjusted EBITDA loss of $1.7 billion to $1.9 billion.



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