Rivian Automotive (RIVN) AI Stock Analysis

• Market Cap: $14.31B
• Dividend Yield: N/A
• Average Volume (3M): 35.42M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.41
• Revenue Growth: 0.58%
• EPS Growth: 35.39%
• Country: US
• Employees: 14,861
• Sector: Consumer Cyclical
• Sector Strength: 72
• Industry: Auto - Manufacturers
• EPS (TTM): -0.80
• Shares Outstanding: 1,209,521,500
• 10 Day Avg. Volume: 44,456,566
• 30 Day Avg. Volume: 35,423,088
• PEG Ratio: 0.16
• Price to Book (P/B): 2.05
• Price to Sales (P/S): 2.71
• P/FCF Ratio: -4.72
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 2.58
• Enterprise Value/Gross Profit: -59.78
• Enterprise Value/Ebitda: -5.15
• 1Y Price Target: $14.20
• Price Target Upside: 20.44% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 25

• Rating: 44 Neutral
• Price Target: $12.00 ▲(1.78% Upside)

Rivian's overall stock score is primarily impacted by its financial performance, which shows significant profitability and cash flow challenges. Technical analysis indicates bearish momentum, and valuation concerns persist with a negative P/E ratio. The earnings call provides a balanced view, highlighting both progress and challenges.

Positive Factors

Joint Venture and Investments

The recent VW JV helps alleviate a significant chunk of the capital concern, bridge the company to scale, and could establish the Rivian/VW JV as the next-gen vehicle platform of choice in the Western world, outside of Tesla.

R2 Platform and Market Position

The upcoming R2 platform positions the company for accelerated margin expansion and volume growth.

Strategic Partnerships

Rivian is differentiated by strong strategic partners, a focus on both light and commercial vehicles, and a significant amount of capital at its disposal, which could generate excitement for its products and stock.

Negative Factors

Financial Performance

Rivian reported a bigger than expected 2Q EBITDA loss, while warning of an even larger full year EBITDA loss due to operational inefficiencies and phase-out of various EV subsidies.

Market Competition

The EV market is expected to grow more crowded and competitive, increasing the execution risk associated with Rivian's manufacturing volume expansion.

Regulatory Impact

The IRA credit elimination is expected to be a hurdle to R2 volumes, potentially delaying the R2 production ramp and reducing peak sales.

Rivian Automotive Business Overview & Revenue Model

Company Description

Rivian Automotive, Inc. is an American electric vehicle manufacturer that specializes in the design and production of all-electric trucks and SUVs. Founded in 2009 and headquartered in Plymouth, Michigan, Rivian aims to revolutionize the automotive industry by combining advanced electric vehicle technology with a focus on sustainability and adventure. The company's core products include the R1T, an all-electric pickup truck, and the R1S, an all-electric SUV, both of which are designed to perform well in off-road conditions while offering state-of-the-art technology and features. Rivian is also involved in developing electric delivery vans as part of its commercial vehicle offerings.

How the Company Makes Money

Rivian Automotive primarily generates revenue through the sale of its electric vehicles, including the R1T pickup truck and R1S SUV. Additionally, the company plans to earn revenue from commercial sales, notably through a significant partnership with Amazon, which has ordered a substantial number of electric delivery vans. Beyond vehicle sales, Rivian aims to develop revenue streams from services such as vehicle maintenance, software updates, and potentially a future network of charging stations. The company also seeks to expand its business model to include financial services, such as vehicle leasing and financing options, to support the adoption of its electric vehicles.

Rivian Automotive Financial Statement Overview

Summary

Rivian is experiencing significant revenue growth, but the company faces substantial losses with negative profit margins and cash flow challenges. The balance sheet is stable, yet operational inefficiencies and high production costs remain critical issues.

Income Statement

Rivian's revenue has grown significantly over the years, reaching $5.006 billion in TTM (Trailing-Twelve-Months) from $1.658 billion in 2022. However, the company is facing substantial losses with a negative net profit margin of -76.8% in TTM and a negative EBIT margin of -77.1%. The negative gross profit margin of -10.7% indicates high production costs relative to revenue. The company is on a growth trajectory, but profitability remains a critical challenge.

Balance Sheet

Rivian's balance sheet shows a moderate debt-to-equity ratio of 0.96 and a reasonable equity ratio of 40.1% in TTM, indicating a balanced capital structure. However, the return on equity remains negative at -61.8% due to ongoing net losses. The company maintains substantial cash reserves, but its continued losses could pose a risk to financial stability if not addressed.

Cash Flow

The company's cash flow situation is concerning, with negative free cash flow of -$1.86 billion in TTM. The operating cash flow to net income ratio is 0.17, pointing to inefficiencies in converting income to cash. While financing activities have contributed positively, sustaining operations with negative free cash flow is a challenge. The negative free cash flow growth rate is an area of concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.15B	4.97B	4.43B	1.66B	55.00M	0.00
Gross Profit	-222.00M	-1.20B	-2.03B	-3.12B	-465.00M	-29.00M
EBITDA	-2.58B	-3.39B	-4.27B	-5.99B	-4.46B	-992.00M
Net Income	-3.50B	-4.75B	-5.43B	-6.75B	-4.72B	-1.03B
Balance Sheet
Total Assets	15.60B	15.41B	16.78B	17.88B	22.29B	4.60B
Cash, Cash Equivalents and Short-Term Investments	4.81B	7.70B	9.37B	11.57B	18.13B	2.98B
Total Debt	462.00M	5.00B	4.92B	1.81B	1.53B	180.00M
Total Liabilities	9.52B	8.85B	7.64B	4.08B	2.78B	5.99B
Stockholders Equity	6.08B	6.56B	9.14B	13.80B	19.51B	-1.38B
Cash Flow
Free Cash Flow	-1.22B	-2.86B	-5.89B	-6.42B	-4.42B	-1.76B
Operating Cash Flow	183.00M	-1.72B	-4.87B	-5.05B	-2.62B	-848.00M
Investing Cash Flow	-2.00B	-1.98B	-2.51B	-1.37B	-1.79B	-914.00M
Financing Cash Flow	858.00M	1.14B	3.13B	99.00M	19.83B	2.50B

Rivian Automotive Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.79
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RIVN, the sentiment is Negative. The current price of 11.79 is below the 20-day moving average (MA) of 12.96, below the 50-day MA of 13.42, and below the 200-day MA of 12.76, indicating a bearish trend. The MACD of -0.42 indicates Positive momentum. The RSI at 35.00 is Neutral, neither overbought nor oversold. The STOCH value of 10.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RIVN.

Rivian Automotive Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
F	71 Outperform	$45.05B	14.44	7.11%	6.63%	2.72%	-17.58%
LI	68 Neutral	$24.64B	23.48	12.22%	―	10.28%	-29.75%
Sector *	61 Neutral	$16.54B	9.52	-9.03%	3.32%	1.52%	-24.21%
XPEV	53 Neutral	$19.25B	―	-15.52%	―	50.45%	49.81%
NIO	51 Neutral	$9.89B	―	-240.42%	―	23.39%	3.93%
LCID	45 Neutral	$6.54B	―	-54.39%	―	40.67%	3.40%
RIVN	44 Neutral	$14.31B	―	-54.42%	―	0.58%	35.39%

Rivian Automotive Corporate Events

Rivian Automotive Secures $1 Billion Investment from Volkswagen

Rivian Automotive announced that it achieved a financial milestone by receiving a $1 billion investment from Volkswagen Group on June 30, 2025, in exchange for Class A common stock, marking a significant step in their $5.8 billion technology joint venture. Additionally, Rivian reported its Q2 2025 production and delivery figures, with 5,979 vehicles produced and 10,661 delivered, aligning with its outlook and reaffirming its 2025 delivery guidance range of 40,000 to 46,000 vehicles.

The most recent analyst rating on (RIVN) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Rivian Automotive stock, see the RIVN Stock Forecast page.

Rivian Automotive Approves Key Amendments at Annual Meeting

On June 18, 2025, Rivian Automotive held its Annual Meeting of Stockholders, where several amendments to its Certificate of Incorporation were approved. These included increasing the authorized shares of Class A common stock and exculpating certain corporate officers from liability under specific conditions. The meeting also saw the election of three directors and approval of various proposals, including the ratification of KPMG LLP as the independent auditor and future issuance of shares to Volkswagen International America, Inc. These changes, effective as of June 20, 2025, following the filing with Delaware’s Secretary of State, are expected to impact Rivian’s operational flexibility and governance structure.

The most recent analyst rating on (RIVN) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Rivian Automotive stock, see the RIVN Stock Forecast page.

Rivian Announces $1.25 Billion Green Notes Offering

On June 4, 2025, Rivian Automotive announced the pricing of a $1.25 billion senior secured green notes offering, intended to refinance its outstanding senior secured notes due 2026. The closing of the notes is expected on June 12, 2025, and the proceeds will be used to redeem the existing notes and cover related expenses. The notes are expected to be secured by the company’s assets and guaranteed by its subsidiaries, reflecting Rivian’s strategic financial maneuvering to strengthen its capital structure and maintain its focus on sustainable transportation solutions.

The most recent analyst rating on (RIVN) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Rivian Automotive stock, see the RIVN Stock Forecast page.

Rivian Automotive Announces $1.25 Billion Green Notes Offering

On June 2, 2025, Rivian Automotive, Inc. announced its intention to offer $1.25 billion in senior secured green notes due 2031 in a private offering. The proceeds from this offering are expected to be used to redeem the company’s outstanding $1.25 billion floating rate senior secured notes due 2026, aiming to refinance existing debt and manage related expenses. This strategic financial move is anticipated to impact Rivian’s operations by potentially improving its financial structure and supporting its commitment to sustainable practices, although the offering’s success is subject to market conditions.

The most recent analyst rating on (RIVN) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Rivian Automotive stock, see the RIVN Stock Forecast page.