Rivian Automotive (NASDAQ: RIVN) reported first-quarter results that beat Wall Street expectations for revenue and earnings, demonstrating continued improvements in gross profitability. However, shares remained steady in pre-market trading as investors weighed the upbeat financial performance against a trimmed delivery forecast.
Revenue for the quarter totaled $1.24 billion, topping analyst estimates of $983.65 million and rising 3% year-over-year. Adjusted earnings per share stood at a loss of $0.41, well ahead of expectations for a $0.76 loss.
Rivian achieved a gross profit of $206 million—its highest ever—and marked its second consecutive quarter in positive territory. This achievement triggered a milestone in its partnership with Volkswagen Group, unlocking an anticipated $1 billion investment through their newly established joint venture.
Vehicle production totaled 14,611 units in Q1, with 8,640 vehicles delivered. Rivian also conducted over 36,000 demo drives during the quarter, marking a record level of customer engagement.
While the EV maker reaffirmed its full-year 2025 adjusted EBITDA guidance for a loss between $1.7 billion and $1.9 billion, it revised its vehicle delivery target downward to 40,000–46,000 units, citing the impact of shifting trade policies and new tariff dynamics.
Management emphasized ongoing progress in developing its next-generation R2 platform, including validation builds and the continued expansion of its Normal, Illinois production facility.
As of the latest update, Rivian Automotive (NASDAQ: RIVN) shares are up 0.52%, trading at $13.57.
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David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
