The earnings call reflects a balanced sentiment. While Rivian demonstrates significant progress in vehicle development, software and services growth, and a strengthened financial position, it also faces substantial challenges in production, regulatory credits, and increased tariffs. The positive aspects are counterbalanced by these obstacles, suggesting a neutral sentiment.

Company Guidance -

Q3 2025

During Rivian's Q2 2025 earnings call, several key metrics and guidance were discussed. Rivian produced 5,979 vehicles and delivered 10,661 vehicles, generating $927 million in automotive revenue despite a decrease in production volume due to supply chain issues. The company reported a consolidated revenue of $1.3 billion and gross profit losses of $206 million. Automotive gross profit losses were $335 million, while the software and services segment contributed $376 million in revenue and $129 million in gross profit. Rivian maintains its 2025 delivery guidance of 40,000 to 46,000 vehicles and CapEx guidance of $1.8 billion to $1.9 billion. The company expects 2025 regulatory credit sales to be approximately $160 million, a reduction from the previous $300 million outlook. Adjusted EBITDA losses are projected to be between $2 billion and $2.25 billion for the year. Rivian also reported a $1 billion equity investment from Volkswagen Group and plans to utilize a $6.6 billion loan from the Department of Energy for its Georgia facility.

R2 Vehicle Development Progress

Rivian is making significant progress in the development of its R2 vehicle, with a focus on technology and autonomy platform enhancements. The company has completed construction of a new 1.1 million square foot building in Normal, Illinois for R2's assembly.

Software and Services Revenue Growth

Rivian's software and services segment reported $376 million in revenue and $129 million in gross profit, demonstrating strong growth and profitability.

Strengthened Financial Position

Rivian received a $1 billion equity investment from Volkswagen Group, reflecting a 33% premium to the 30-day volume-weighted average stock price, and refinanced its senior secured notes with $1.25 billion of green secured notes at a rate of 10%.

R1 Market Leadership

The R1 continues to be a market share leader in its segment, being the best-selling premium SUV in California and Washington.

Rivian Automotive (RIVN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RIVN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.73 / -	-0.972	―	―	―
Aug 05, 2025	2025 (Q2)	-0.65 / -0.80	-1.255	36.33% (+0.46)	―
May 06, 2025	2025 (Q1)	-0.77 / -0.41	-1.242	66.75% (+0.83)	―
Feb 20, 2025	2024 (Q4)	-0.68 / -0.48	-1.36	64.85% (+0.88)	―
Nov 07, 2024	2024 (Q3)	-0.96 / -0.97	-1.19	18.32% (+0.22)	―
Aug 06, 2024	2024 (Q2)	-1.24 / -1.25	-1.08	-16.20% (-0.17)	―
May 07, 2024	2024 (Q1)	-1.15 / -1.24	-1.25	0.64% (<+0.01)	―
Feb 21, 2024	2023 (Q4)	-1.35 / -1.36	-1.73	21.39% (+0.37)	―
Nov 07, 2023	2023 (Q3)	-1.34 / -1.19	-1.57	24.20% (+0.38)	―
Aug 08, 2023	2023 (Q2)	-1.43 / -1.08	-1.62	33.33% (+0.54)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RIVN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$12.15	$11.64	-4.20%
May 06, 2025	$13.50	$12.72	-5.78%
Feb 20, 2025	$13.61	$12.97	-4.70%
Nov 07, 2024	$10.05	$10.59	+5.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.