NASDAQ$RIVN
Rivian Automotive · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Rivian Automotive reported higher revenues and a reduced net loss for the second quarter ended June 30, 2026.
Rivian delivered 12,194 vehicles in Q2 2026, generating $1.66 billion in revenue, a 27% increase year-over-year. The company narrowed its net loss to $837 million from $1.12 billion in the prior-year quarter, driven by improved automotive gross profit and higher software and services revenue. Cash and cash equivalents stood at $3.59 billion at quarter end.
- Total revenue reached $1.66 billion, up 27% from $1.30 billion in Q2 2025, led by growth in both automotive and software/services segments.
- Vehicle deliveries increased 14% to 12,194 units while production rose to 12,613 vehicles.
- Net loss improved to $837 million ($0.63 per share) from $1.12 billion ($0.97 per share) year-over-year.
- Software and services revenue grew 37% to $515 million, contributing to a positive gross profit of $179 million.
Headline financials
Revenue & EPS history
Rivian · Revenue · Quarterly
$1.3B
Revenue by segment
Rivian · $1.66B total across 2 segments · Q2 2025
- Automotive$1.14B—68.9%
- Software and Services$515M—31.1%
Forward guidance
The company continues to focus on scaling R2 production and advancing its software and services offerings through the Joint Venture with Volkswagen Group.
Tailwinds
- Increased production capacity at Normal Factory to support R2 ramp
- Growth in software and services revenue from Joint Venture activities
Headwinds
- Ongoing net losses and cash usage from operations
- Exposure to supply chain and tariff-related cost pressures
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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 2020 | -15.0% | -15.8% | -30.5% | |
| Q3 2021 | -15.0% | -15.8% | -30.5% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
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