Rivian surprised the market with strong earnings, leading to a 27% increase in shares. The Irvine-based EV manufacturer reported a gross profit of $144 million in 2025, a significant turnaround from a $1.2 billion loss in 2024. Rivian attributed this swing to software and service performance, higher prices, and cost reductions. The company delivered 42,247 vehicles in 2025 but still reported a $432 million net loss for automotive profits. Rivian is banking on the success of its lower-priced R2 model, priced around $45,000, to drive future growth. CEO RJ Scaringe expressed excitement over positive early feedback on the R2 SUV.

Read more at Yahoo Finance: Rivian finds a way to shine even as the EV market struggles in the dark