Rivian reported a significant improvement in consolidated gross profit driven by strong software and services performance and cost reductions, despite a decline in automotive revenues due to lower vehicle deliveries and regulatory credit sales. The company is progressing on its R2 launch and showcasing advancements in its autonomy and AI capabilities.
Consolidated gross profit improved by over $1.3 billion year-over-year, reaching $144 million for full year 2025.
positiveSoftware and services revenue increased 222% year-over-year to $1,557 million for full year 2025.
positiveSoftware and services gross profit reached $576 million for full year 2025, a substantial improvement from $7 million in the prior year.
positiveProgress on R2 manufacturing launch is on track, with first customer deliveries expected in Q2 2026.
positiveAnnounced third-generation autonomy platform and proprietary Rivian Autonomy Processor (RAP1) at Autonomy & AI Day.
positiveReleased Universal Hands-Free (UHF) feature, doubling customer utilization of assisted driving features.
positiveAutomotive revenues decreased 45% year-over-year in Q4 2025 to $839 million, driven by a $270 million decrease in regulatory credit sales and lower vehicle deliveries.
negativeAutomotive revenues decreased 15% year-over-year for full year 2025 to $3,830 million.
negativeAutomotive gross profit was a loss of $(59) million in Q4 2025, compared to a profit of $110 million in Q4 2024.
negativeAutomotive gross profit for full year 2025 was a loss of $(432) million, an improvement from $(1,207) million in 2024 but still negative.
negativeNet loss attributable to common stockholders was $(811) million in Q4 2025, compared to $(744) million in Q4 2024.
negativeNet loss attributable to common stockholders for full year 2025 was $(3,646) million, an improvement from $(4,747) million in 2024.
negativeNet cash used in operating activities was $(681) million in Q4 2025, compared to net cash provided by operating activities of $1,183 million in Q4 2024.
negativeFree cash flow was $(1,144) million in Q4 2025, compared to $856 million in Q4 2024.
negativeInventory decreased from $2,248 million at Dec 31, 2024 to $1,594 million at Dec 31, 2025.
attentionDeliveries in Q4 2025 were 9,745 vehicles, down from 14,183 in Q4 2024.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Automotive | N/A | — | — | — |
Software and services | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
In 2025 we focused on execution as we laid the foundation for dramatically scaling our business.
Our Autonomy & AI Day in December unveiled our RAP1 Autonomy Processor, our autonomous driving platform and our AI-driven in-car Rivian Assistant.
It’s incredibly exciting to see the early strong reviews of the R2 pre-production builds, and we can’t wait to get them to our customers next quarter.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.