Rivian (RIVN) earnings Q3 2025

DETROIT – Rivian Automotive Thanks to its joint venture with Volkswagen and its software and services unit, the company posted gross profit in the second quarter this year, beating Wall Street’s expectations for the third quarter.

According to average analyst estimates compiled by LSEG, Wall Street’s expectations are as follows:

• Loss per share: 65 cents adjusted etc. A loss of 72 cents is expected.
• Revenues: 1.5 billion dollars is expected compared to the expectation of 1.56 billion dollars

Rivian shares rose more than 3% after closing down 5.2% at $12.50 per share in extended trading on Tuesday. The stock is down about 6% this year.

As for its gross profit, which is closely watched by investors, the company reported $24 million in the third quarter, beating FactSet estimates of a loss of $38.6 million. Both the company’s automotive and software and services performed better than expected.

“While we face short-term uncertainty from trade, tariffs and regulatory policies, we remain focused on long-term growth and value creation,” Rivian CEO and founder RJ Scaringe said in a statement Tuesday. he said. company’s shareholder letter.

Rivian’s gross profit included a $130 million loss on its automotive operations; This was a $249 million improvement over the same period the previous year, offset by $154 million from the VW joint venture and its software and services.

Investors view gross profit as the key indicator of a business’s profitability, excluding operating expenses, interest and taxes.

Rivian maintained its previously lowered 2025 forecast, which included an adjusted earnings loss of $2 billion to $2.25 billion, capital expenditures of $1.8 billion to $1.9 billion and deliveries of up to 41,500 to 43,500 vehicles. It also confirmed gross profit was around breakeven, below the modest profit target at the start of the year.

The company also reconfirmed the production schedule for its new R2 mid-size vehicle in the first half of next year at the company’s only factory in Illinois.

Rivian finished the third quarter with $7.7 billion in total liquidity, including approximately $7.1 billion in cash, cash equivalents and short-term investments. Scaringe said it was “really well positioned” for the R2 launch.

Scaringe said Tuesday that the company does not expect concerns about rare earth minerals from China or chips from Chinese-owned auto supplier Nexperia to delay production of the R2.

“This is not something that we see as a potential delay in R2 just because of how we build and design the supply chain and our preparations in the run-up to launch,” he told CNBC’s Phil LeBeau during an interview. “In the nearer term, Nexperia, we need to figure this out.”

China said on Saturday it would consider some exemptions for Nexperia chip exports, which it halted following trade talks with the United States and the Dutch government’s takeover of the company in the Netherlands.

Rivian’s revenue in the third quarter was up 78% compared to $874 million a year ago. The company’s net loss attributable to common stockholders widened slightly from $1.1 billion, or a loss of $1.08 per share, in last year’s third quarter to a loss of $1.17 billion, or 96 cents, in the latest quarter. Excluding a time item including research and development, the company lost 65 cents per share.

EV manufacturers like Rivian face industry-wide issues, such as rising costs due to tariffs and slowing projected EV sales, as well as company-specific issues involving new product challenges and regulatory changes that negatively impact sales and profits, including the end of consumer federal incentives.

Rivian did not immediately provide an update on the impact of the tariffs on its business or the regulatory changes. The company has previously said taxes have cost it “several thousand dollars per unit” this year and that changing regulations have negatively impacted its operations.