NASDAQ$RIVN

Rivian Automotive · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Rivian released its second quarter 2023 financial results.

Rivian Automotive, Inc. published a letter to its shareholders containing the company’s second quarter 2023 financial results.

Headline financials

Total Revenue

$1.12B

Previous: $364M+208.0%
EPS (adj)

-$1.08

Previous: -$1.62+33.3%
Capital Expenditures

-$538M

Previous: -$777M+30.8%
Free Cash Flow

-$1.73B

Previous: -$2.49B+30.4%
Net Income

-$1.2B

Previous: -$1.71B+30.2%
Operating Income

-$1.29B

Previous: -$1.71B+24.8%
Gross Profit

-$412M

Previous: -$704M+41.5%
Cash & Equivalents

$9.26B

Previous: $14.9B-37.9%
Total Assets

$17.2B

Previous: $20.2B-14.6%
Stock-Based Comp

$181M

Previous: $242M-25.2%

Revenue & EPS history

Rivian · Revenue · Quarterly

$1.12B

Q2 2023+208%vs Q2 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

No forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-2.6%

Avg return

Earnings day

-3.8%

Avg return

5 days after

-3.1%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+26.6%

Q4 2025

Best reaction

-27.9%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-11.7%-0.6%
Q4 2025+26.6%+15.4%+6.1%
Q3 2025+17.2%+31.3%+43.6%
Q1 2025-5.6%+8.4%+3.7%
Q4 2024-4.7%-16.2%-14.8%
Q3 2024+9.1%+9.0%+33.9%
Q2 2024-5.6%-4.5%-6.0%
Q1 2024-0.6%-3.3%+13.6%
Q4 2023-27.9%-32.7%-32.0%
Q3 2023-1.0%-10.4%+11.7%
Q2 2023-7.9%-11.2%-3.5%
Q1 2023+1.7%-6.9%+1.3%
Q4 2022-14.6%-8.3%-22.0%
Q3 2022+3.5%+7.9%-14.3%
Q2 2022+4.0%+2.2%+0.4%
Q2 2021+4.0%+2.2%+0.4%
Q1 2022+6.6%+9.1%+24.4%
Q1 2021+6.6%+9.1%+24.4%
Q4 2019-10.7%-18.9%-41.9%
Q4 2021-13.4%-15.8%-11.7%
Q4 2020-17.4%-11.5%-26.6%
Q3 2021-15.0%-15.8%-30.5%
Q3 2020-15.0%-15.8%-30.5%
Q2 2020
Q1 2020

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