Rivian Reports Fourth-Quarter Revenue, Beating Analysts’ Predictions

In the quarter that ended Dec. 31, 2024, EV truck maker Rivian Automotive reported a net loss of $743 million. Yet, Q4’s negative profit was substantially better than the $1.52 billion lost for the same period in 2023.

By excluding some expenses and only counting production and sales, the company brought in a net income of $170 million for Q4. Its total revenue reached $1.73 billion, which climbed 31% year-over-year and beat the $1.4 billion analysts were expecting, according to CNBC.

For the entire year, revenue hit $4.97 billion, a 12% surge compared to 2023. However, Rivian still finished 2025 with a loss of $4.75 billion.

According to company leadership, investors can expect adjusted profit losses to be less in 2025. The EV manufacturer predicts losing between $1.7 billion and $1.9 billion this year. Vehicles delivered will range between 46,000 and 51,000 in 2025, slightly lower than 2024’s 51,579.

“We believe external factors could impact our 2025 expectations, including changes to government policies and regulations, and a challenging demand environment,” the automaker explained in a statement.

Capital expenditures will increase to $1.6 billion-$1.7 billion as Rivian plans a 2026 rollout of its R2 vehicles. The company has high hopes for the R2 EVs, stating they will push the company toward “growth and profitability.” The retail price for a new R2 SUV will start at around $45,000.

Rivian Moving Forward

The U.S. Department of Energy (DOE) approved a $6.6 billion loan to Rivian in November, per Yahoo! Finance. Through the DOE’s Advanced Technology Vehicles Manufacturing program, Rivian plans to use the proceeds toward the construction of an assembly plant in Georgia. However, the deal has hit a roadblock as the Department of Government Efficiency (DOGE) is currently looking into the conditions of the loan, which could put the project in jeopardy.

In the summer of 2024, Volkswagen announced it was investing $5 billion in Rivian. A few months later, VW said it was expanding the partnership by pumping another $800,000 into the venture. Under the deal’s terms, Volkswagen will be able to integrate some of Rivian’s technology into future VW vehicles. Meanwhile, Rivian will get a much-needed cash injection to help with the R2 launch.

Looking ahead, Rivian is facing some uncertainties with the market, future costs for materials, and the current administration’s proposed policies and regulations related to EVs. However, the company remains confident in its ability to ultimately adapt and make a profit by producing and selling quality electric vehicles.