The earnings call highlighted Rivian's significant progress in the R2 program and software/services growth, strengthening its balance sheet through strategic investments. However, the call also addressed challenges related to decreased production volumes, regulatory/tariff impacts, and increased operating expenses.

Company Guidance

During Rivian's Q2 2025 earnings call, the company maintained its guidance of delivering between 40,000 to 46,000 vehicles for the year and projected capital expenditures between $1.8 billion to $1.9 billion. Rivian reported consolidated revenue of $1.3 billion for the quarter, with automotive revenue contributing $927 million from the production of 5,979 and delivery of 10,661 vehicles. The company experienced an adjusted EBITDA loss of $667 million, with gross profit losses amounting to $206 million. The software and services segment posted $376 million in revenue with a gross profit of $129 million. Rivian's guidance for 2025 adjusted EBITDA loss was increased to $2 billion to $2.25 billion, primarily due to changes in regulatory credit sales, which are now expected to be approximately $160 million, down from a prior outlook of $300 million. Additionally, Rivian received a $1 billion equity investment from Volkswagen Group and plans to draw on a $6.6 billion loan from the Department of Energy to support the buildout of its Georgia facility, pending construction commencement in early 2026.

R2 Program Development

Rivian is making tremendous progress on the R2 program, with a completed 1.1 million square foot building in Illinois for R2's assembly, and testing delivering strong results. The company expects a 50% reduction in bill of materials cost for R2 compared to R1, with all components 100% sourced.

Software and Services Growth

Rivian's software and services segment reported $376 million in revenue and $129 million in gross profit, with strong growth from service, accessories, and charging. Half of the revenue was driven by a joint venture with Volkswagen Group.

Balance Sheet Strengthening

Rivian received a $1 billion equity investment from Volkswagen Group at a 33% premium to the 30-day volume-weighted average stock price. The company also refinanced senior secured notes with $1.25 billion in green secured notes.

Positive Market Response for R1 Quad-Motor

The launch of the R1 Quad-Motor received incredible feedback, with Rivian maintaining market share leadership in its segment, particularly 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

Daily Earnings Calendar >

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.