Rivian Automotive
RIVN Nasdaq· Automobile Manufacturers
Last close · Oct 26, 2026
$11.43
KIRA · Stoqly’s AI analyst, in plain words
- Rivian Automotive had $5.4B of revenue in fiscal 2025, up 8.4% on the year before.
- Its operating margin was −66.6%, up 27.8 pts: of every 100 in sales, about −67 is left after running the business.
- Rivian Automotive lost $3.6B in fiscal 2025.
- Free cash flow was −$2.5B in fiscal 2025, −46.2% of revenue.
- Rivian Automotive returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 17.1%.
- Rivian Automotive has $1.5B more cash than debt.
Market cap
$15.1B
P/E
—
Revenue
$5.4B
Net income
−$3.6B
Free cash flow
−$2.5B
Operating margin
−66.6%
Rivian Automotive in 30 seconds · fiscal 2025
Are sales growing?
+8.4%
Yes. Sales grew 8.4% last year.
Does it make a profit?
−67.7%
No. It lost money last year.
Does profit turn into cash?
−46.2%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
What Rivian Automotive does
Rivian designs, builds and sells electric vehicles in the United States and Canada. Its current models are the R1T pickup truck, the R1S sport utility vehicle and an electric delivery van developed with Amazon, its first commercial customer. It sells directly to drivers and businesses rather than through dealers, and updates its vehicles' software over the air. Rivian reports two segments. Automotive earns money from selling vehicles and from selling regulatory credits, which carmakers earn under emissions rules and sell to other carmakers. Rivian says its ability to keep earning and selling these credits is uncertain as the rules change. Software and Services includes development work done by its joint venture with Volkswagen Group, which plans to use Rivian's electronics and software in its own cars, as well as used-car sales, repairs, charging, software subscriptions, insurance and financing.
Biggest risks, in its own words
- A history of losses: it expects to keep losing money and may need to raise more capital, which may not be available.
- Delays in building and delivering vehicles, including the launch of the new R2.
- Weaker demand for electric vehicles, made worse by the end of government tax credits and other incentives.
- Its reliance on many single-source suppliers and on scarce battery and magnet materials whose costs and supply can swing.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- Rivian Automotive, Inc. / DE
- CIK
- 0001874178
Rivian Automotive · RIVN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $55.0M | $1.7B | $4.4B | $5.0B | $5.4B |
| Revenue growth | — | 2,914.6% | 167.4% | 12.1% | 8.4% |
| Gross margin | −845.5% | −188.4% | −45.8% | −24.1% | 2.7% |
| Operating margin | −7,672.7% | −413.5% | −129.4% | −94.4% | −66.6% |
| Net income | −$4.7B | −$6.8B | −$5.4B | −$4.7B | −$3.6B |
| Net margin | −8,523.6% | −407.2% | −122.5% | −95.5% | −67.7% |
| Diluted EPS | −$22.98 | −$7.40 | −$5.74 | −$4.69 | −$3.07 |
| Cash | |||||
| Cash from operations | −$2.6B | −$5.1B | −$4.9B | −$1.7B | −$779M |
| Capital expenditure | $1.8B | $1.4B | $1.0B | $1.1B | $1.7B |
| Free cash flow | −$4.4B | −$6.4B | −$5.9B | −$2.9B | −$2.5B |
| FCF margin | −8,029.1% | −387.3% | −132.9% | −57.5% | −46.2% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 102.0% | 347.6% | 3.7% | 7.0% | 17.1% |
| Debt and strength | |||||
| Cash and short-term investments | $18.1B | $11.6B | $9.4B | $7.7B | $6.1B |
| Debt incl. finance leases | $1.2B | $1.2B | $4.5B | $4.5B | $4.5B |
| Shareholders' equity | $19.5B | $13.8B | $9.1B | $6.6B | $4.6B |
| Current ratio | 14.1x | 5.4x | 5.0x | 4.7x | 2.3x |
| Interest coverage | −145.5x | −66.6x | −26.1x | −14.8x | −13.1x |
| Returns and quality | |||||
| Return on capital | — | −178.5% | −117.1% | −96.6% | −88.0% |
| Return on equity | −51.7% | −40.5% | −47.4% | −60.5% | −65.4% |
| Piotroski F-score | — | 5 | 3 | 4 | 4 |
| Altman Z'' | 10.2 | 2.5 | −0.8 | −2.7 | −4.9 |
Insiders bought, 12 months
$1.0B
2 insiders
Insiders sold, 12 months
$7.6M
5 insiders
Of sales under plans
99%
$7.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Rivian Automotive · RIVN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Rivian Automotive RIVN | $15.1B | 8.4% | −66.6% | −46.2% | −88.0% | — | 4 |
| Winnebago Industries WGO | $798M | −3.4% | 2.5% | 5.4% | 3.3% | — | 6 |
| Lucid Group LCID | $1.3B | 67.6% | −258.7% | −280.7% | −136.7% | — | 3 |
| Tesla TSLA | $1.39T | −2.9% | 4.6% | 6.6% | 7.2% | — | 5 |
| General Motors GM | $67.7B | −1.3% | 1.6% | 9.5% | 1.5% | 16.6x | 6 |
KIRA
At $11.43 a share, the company is worth $15.1B.
Rivian Automotive grew sales faster than 3 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001874178). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.