Rivian Automotive, Inc.
13.71+0.21 (+1.56%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · RIVN · USD
Key Stats
Market Cap
16.64BP/E (TTM)
-Basic EPS (TTM)
-3.21Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Rivian posted Q2 revenue of $1.3B, up 12% y/y but down 5% q/q (derived), fueled by a surge in software and services to $376M from the Volkswagen joint venture, while automotive dipped to $927M on 10,661 deliveries versus 13,790 last year. Gross loss narrowed to $206M from $451M y/y, with automotive margins improving amid cost cuts, though software turned profitable at $129M; operating loss eased to $1.1B from $1.4B. Cash burn slowed sharply to $124M used in operations for H1, ending with $4.8B cash and $2.7B short-term investments, bolstered by $750M equity from Volkswagen; total debt held steady at $4.4B, with $1.0B ABL availability. The company refinanced $1.3B notes at 10% due 2031 and eyes DOE loan funding for Georgia plant. Yet supply chain snarls from tariffs linger.
8-K
Rivian Q2 loss amid VW boost
Rivian reported Q2 2025 results with 10,661 deliveries and $1.3 billion in revenue, but swung to a $206 million gross loss from Q1's profit, hit by supply chain snags and trade policy shifts. The $1 billion Volkswagen equity infusion at a 33% premium bolsters the joint venture, while R2 production prep advances on track for 2026 launch. Yet policy uncertainties inflate adjusted EBITDA losses to $2.0-$2.25 billion for the year. Cash burn persists.
8-K
Rivian lands $1B VW investment
Rivian secured a $1 billion equity investment from Volkswagen Group on June 30, 2025, issuing 51,502,854 shares at $19.42 each—a 33% premium to the 30-day VWAP—bolstering its $5.8 billion joint venture. Q2 production hit 5,979 vehicles while deliveries reached 10,661, aligning with outlook amid model year 2026 preparations. This cash infusion strengthens Rivian's balance sheet for expansion. Forward-looking delivery guidance holds at 40,000-46,000 for 2025.
8-K
Rivian boosts authorized shares
Rivian Automotive's stockholders approved key amendments to its certificate of incorporation at the June 18, 2025, annual meeting, boosting authorized Class A common shares from 3.5 billion to 5.25 billion to support future issuances, including to Volkswagen. They also elected directors Robert J. Scaringe, Peter Krawiec, and Sanford Schwartz, ratified KPMG as auditors, and endorsed executive pay and officer exculpation provisions. This flexibility aids capital raises amid EV market pressures.
8-K
Rivian refinances $1.25B debt
Rivian Automotive's subsidiaries issued $1.25 billion in 10% senior secured green notes due 2031 on June 12, 2025, using proceeds plus cash to fully redeem $1.25 billion of floating-rate notes due 2026 and cover fees. The new notes, secured by most assets and guaranteed by key subsidiaries, extend debt maturity while imposing covenants limiting additional borrowing and asset sales. Redemption clears nearer-term obligations. Yet covenants curb flexibility amid EV market pressures.
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