Rivian narrows losses, targets R2 deliveries in Q2 2026

Rivian Automotive reported full-year gross nett and said lawsuit deliveries of the R2 electrical conveyance are slated for the 2nd 4th of 2026.

The US electrical conveyance shaper recorded consolidated gross nett of $144m successful 2025, reversing a $1.2bn gross nonaccomplishment a twelvemonth earlier.

For the afloat year, the nett nonaccomplishment narrowed to $3.64bn from $4.74bn and full-year consolidated gross roseate 8% to $5.38bn.

Automotive gross fell 15% to $3.83bn, portion bundle and services gross surged 222% to $1.55bn.

Rivian attributed the plaything to gross nett to improved bundle and services performance, higher mean selling prices and little outgo per vehicle.

For 2025, accumulation and deliveries totalled 42,284 and 42,247 units respectively.

The institution said R2 manufacturing preparations stay connected schedule, with archetypal validation builds completed successful mid-January 2026 utilizing accumulation tools astatine the Normal facility.

The motorboat exemplary volition beryllium a dual-motor all-wheel-drive variant, with further details owed connected 12 March 2026.

Fourth-quarter gross nett reached $120m connected gross of $1.28bn, down from $170m connected $1.734bn successful the prior-year period.

Automotive gross declined 45% twelvemonth connected twelvemonth to $839m successful the quarter, reflecting weaker regulatory recognition sales, less deliveries aft taxation incentives expired, and a little mean selling terms owed to a greater stock of electrical transportation vans.

By contrast, bundle and services gross jumped 109% to $447m, supported by conveyance electrical architecture and bundle improvement enactment tied to Rivian’s associated task with Volkswagen Group, alongside stronger remarketing and after-sales activity.

The institution posted a nett nonaccomplishment attributable to communal stockholders of $811m successful the 4th quarter, versus $744m successful 2024.

Rivian produced 10,974 vehicles and delivered 9,745 successful the 4th fourth astatine its Normal, Illinois plant.

During the quarter, Rivian rolled retired its Universal Hands-Free assisted-driving diagnostic for second-generation R1 vehicles crossed much than 3.5 cardinal miles of roads successful the US and Canada.

It besides introduced Rivian Unified Intelligence, an AI-based bundle level and a dependable interface, Rivian Assistant.

By year-end, Rivian operated 36 retail locations, 97 work sites and astir 700 mobile work vehicles.

For 2026, it forecasts deliveries of 62,000-67,000 vehicles, an adjusted EBITDA nonaccomplishment of $1.80bn-$2.10bn and superior expenditure of $1.95bn-$2.05bn.

Rivian laminitis and CEO RJ Scaringe said: “In 2025 we focused connected execution arsenic we laid the instauration for dramatically scaling our business. Our Autonomy & AI Day successful December unveiled our RAP1 Autonomy Processor, our autonomous driving level and our AI-driven in-car Rivian Assistant. It’s incredibly breathtaking to spot the aboriginal beardown reviews of the R2 pre-production builds, and we can’t hold to get them to our customers adjacent quarter.”