Rivian Q3 Revenue Surpasses Estimates with $1.56 Billion, Signals Growth in EV Market
Rivian Automotive delivered a stronger-than-expected third quarter, reporting revenue of $1.56 billion—a 78% year-over-year surge—as buyers accelerated purchases ahead of expiring tax credits. The figure eclipsed Wall Street's $1.5 billion forecast, sending shares up 3% in after-hours trading.
The EV Maker notched its second quarterly gross profit this year at $24 million, defying projections of a $38.6 million loss. While automotive operations bled $130 million, a $154 million infusion from its Volkswagen joint venture and software services kept the balance sheet afloat.
Management reaffirmed 2025 guidance, targeting 41,500-43,500 vehicle deliveries and an adjusted EBITDA loss of $2-$2.25 billion. The R2 midsize SUV remains on schedule for H1 2026 production, with body shop installations complete and robotic systems undergoing commissioning.
