Rivian Automotive Posts Q4 Beat, Guides 2026 Deliveries to 62,000–67,000 Units

Rivian Automotive (NASDAQ: RIVN) reported fourth-quarter results above Wall Street expectations and outlined plans to increase vehicle deliveries to between 62,000 and 67,000 units in 2026.For the fourth quarter, the company posted an adjusted loss of $0.54 per share on revenue of $1.29 billion. Analysts surveyed by LSEG had expected a loss of $0.68 per share and revenue of $1.26 billion.

Full-year 2025 revenue totaled $5.37 billion, including $1.7 billion in the fourth quarter, representing an 8% increase from $4.97 billion in 2024.

Rivian recorded its first annual gross profit in 2025, totaling $144 million, with $120 million generated in the fourth quarter. The result reflected contributions from its software and services joint venture with Volkswagen, which offset $432 million in losses from the company’s automotive segment. Chief Financial Officer Claire McDonough described 2026 as a transition year as production ramps for the next-generation R2 vehicle.

Net loss for 2025 narrowed to $3.6 billion from $4.75 billion in 2024. Fourth-quarter net loss was $804 million, influenced in part by lower revenue from regulatory credit sales following changes to federal fuel economy and emissions standards. The company expects adjusted pre-tax losses in 2026 of between $1.8 billion and $2.1 billion, compared with nearly $2.1 billion in 2025. Capital expenditures are projected at $1.95 billion to $2.05 billion for 2026, versus $1.7 billion last year.

Rivian said the anticipated increase in 2026 deliveries, representing growth of 47% to 59% from 2025 levels, will be supported by the launch of its R2 midsize SUV in the second quarter. Chief Executive Officer RJ Scaringe said the R2 is expected to account for the majority of the company’s volume by the end of 2027 as output expands at its manufacturing facility in Normal, Illinois.

The R2, priced at approximately $45,000, is designed to reduce material costs by about 50% and simplify production. Initial manufacturing is planned on a single shift, with a second shift expected by the end of the year. Additional details on R2 models, pricing, and options are scheduled for release on March 12. Rivian ended the fourth quarter with $6.59 billion in total liquidity, including nearly $6.1 billion in cash, cash equivalents, and short-term investments.

Shares rose 26% in trading on Friday. 

About Rivian Automotive

Founded in 2009 and headquartered in Irvine, California, Rivian Automotive (NASDAQ: RIVN) designs and manufactures electric vehicles and related technology. The company produces the R1T pickup, the R1S SUV, and an all-electric commercial delivery van. Rivian operates a manufacturing facility in Normal, Illinois, and focuses on consumer and commercial electric vehicle markets in the United States.

At the time of publishing, Stocks.News does not hold positions in companies mentioned in the article.