Rivian Automotive, Inc. (RIVN) Income Statement
RIVN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRIVN revenue and net income
Where RIVN's revenue goes
2025Each bar shows an amount and its share of revenue. RIVN kept −67.7% of revenue as net income.
RIVN profit margins
RIVN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.4% | +48.1% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RIVN quarterly EPS vs estimates
Rivian Automotive beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 29, 2026 (estimate $-0.86).
RIVN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.39B | $4.97B | $4.43B | $1.66B | $55.0M | $0 | $0 |
| Cost of revenue | $5.24B | $6.17B | $6.46B | $4.78B | $520.0M | $29.0M | $7.0M |
| Gross profit | $144.0M | −$1.20B | −$2.03B | −$3.12B | −$465.0M | −$29.0M | −$7.0M |
| Research & development | $1.67B | $1.61B | $2.00B | $1.94B | $1.85B | $766.0M | $301.0M |
| Sales, general & admin | $1.84B | $1.88B | $1.66B | $1.79B | $1.24B | $255.0M | $108.0M |
| Total operating expenses | $3.73B | $3.49B | $3.71B | $3.73B | $3.75B | $992.0M | $402.0M |
| Operating income | −$3.58B | −$4.69B | −$5.74B | −$6.86B | −$4.22B | −$1.02B | −$409.0M |
| Interest income | $293.0M | $385.0M | $490.0M | $193.0M | $3.0M | $10.0M | $18.0M |
| Interest expense | $274.0M | $318.0M | $220.0M | $103.0M | $29.0M | $8.0M | $34.0M |
| Income before taxes | −$3.62B | −$4.74B | −$5.43B | −$6.75B | −$4.69B | −$1.02B | −$426.0M |
| Income taxes | $6.0M | $5.0M | $1.0M | $4.0M | $28.0M | $9.0M | $33.0M |
| Net income | −$3.65B | −$4.75B | −$5.43B | −$6.75B | −$4.69B | −$1.02B | −$459.0M |
| EBITDA | −$2.56B | −$3.39B | −$4.27B | −$5.99B | −$4.46B | −$981.0M | −$385.0M |
| EPS (diluted) | −$2.90 | −$4.38 | −$4.88 | −$6.35 | −$16.52 | −$6.92 | −$1.89 |
| Gross margin | 2.7% | −24.1% | −45.8% | −188.4% | −845.5% | — | — |
| Operating margin | −66.5% | −94.3% | −129.4% | −413.5% | −7,672.7% | — | — |
| Net margin | −67.7% | −95.5% | −122.5% | −407.2% | −8,523.6% | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.66B | $1.38B | $1.29B | $1.56B | $1.30B | $1.24B | $1.73B | $874.0M | $1.16B | $1.20B | $1.31B | $1.34B |
| Cost of revenue | $1.48B | $1.26B | $1.17B | $1.53B | $1.51B | $1.03B | $1.56B | $1.27B | $1.61B | $1.73B | $1.92B | $1.81B |
| Gross profit | $179.0M | $119.0M | $120.0M | $24.0M | −$206.0M | $206.0M | $170.0M | −$392.0M | −$451.0M | −$527.0M | −$606.0M | −$477.0M |
| Research & development | $466.0M | $458.0M | $424.0M | $453.0M | $410.0M | $381.0M | $374.0M | $350.0M | $428.0M | $461.0M | $526.0M | $529.0M |
| Sales, general & admin | $485.0M | $485.0M | $308.0M | $554.0M | $446.0M | $425.0M | $457.0M | $427.0M | $496.0M | $496.0M | $449.0M | $434.0M |
| Total operating expenses | $1.01B | $1.00B | $953.0M | $1.01B | $908.0M | $861.0M | $831.0M | $777.0M | $924.0M | $957.0M | $975.0M | $963.0M |
| Operating income | −$836.0M | −$881.0M | −$833.0M | −$983.0M | −$1.11B | −$655.0M | −$661.0M | −$1.17B | −$1.38B | −$1.48B | −$1.58B | −$1.44B |
| Interest income | $48.0M | $50.0M | $64.0M | $76.0M | $72.0M | $81.0M | $83.0M | $95.0M | $95.0M | $112.0M | $131.0M | $126.0M |
| Interest expense | $68.0M | $65.0M | $64.0M | $69.0M | $69.0M | $72.0M | $81.0M | $87.0M | $75.0M | $75.0M | $73.0M | $55.0M |
| Income before taxes | −$838.0M | −$418.0M | −$801.0M | −$1.17B | −$1.11B | −$539.0M | −$740.0M | −$1.10B | −$1.46B | −$1.45B | −$1.52B | −$1.37B |
| Income taxes | −$1.0M | −$2.0M | $3.0M | −$1.0M | $2.0M | $2.0M | $3.0M | — | $1.0M | $1.0M | −$116.0M | $57.0M |
| Net income | −$833.0M | −$416.0M | −$811.0M | −$1.17B | −$1.12B | −$545.0M | −$743.0M | −$1.10B | −$1.46B | −$1.45B | −$1.52B | −$1.37B |
| EBITDA | −$533.0M | −$159.0M | −$536.0M | −$911.0M | −$848.0M | −$267.0M | −$441.0M | −$754.0M | −$1.11B | −$1.09B | −$1.18B | −$1.06B |
| EPS (diluted) | −$0.64 | −$0.55 | −$0.66 | −$0.96 | −$0.80 | −$0.48 | −$0.70 | −$0.98 | −$1.46 | −$1.24 | −$1.36 | −$1.19 |
| Gross margin | 10.8% | 8.6% | 9.3% | 1.5% | −15.8% | 16.6% | 9.8% | −44.9% | −38.9% | −43.8% | −46.1% | −35.7% |
| Operating margin | −50.4% | −63.8% | −64.8% | −63.1% | −85.5% | −52.8% | −38.1% | −133.8% | −118.7% | −123.3% | −120.2% | −107.7% |
| Net margin | −50.2% | −30.1% | −63.1% | −75.3% | −85.7% | −44.0% | −42.8% | −125.9% | −125.8% | −120.1% | −115.7% | −102.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RIVN's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RIVN financial results
In fiscal year 2025 (ended December 31, 2025), Rivian Automotive reported revenue of $5.4 billion, up 8.4% from the year before. It had a net loss of $3.6 billion, a net profit margin of −67.7%. Diluted earnings per share came to −$2.90.
See the RIVN stock overview for the latest quote and news, or the RIVN chart for price history and technical indicators.
RIVN income statement FAQ
What is Rivian Automotive's annual revenue?
Rivian Automotive reported total revenue of $5.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.4% from $5.0 billion the previous year.
Is Rivian Automotive profitable?
No. Rivian Automotive reported a net loss of $3.6 billion in fiscal 2025, a net profit margin of −67.7%; its operating margin was −66.5%.
What is Rivian Automotive's gross margin?
Rivian Automotive's gross margin was 2.7% in fiscal 2025: for every $100 of revenue, Rivian Automotive kept $3 after the direct cost of its products and services.
How much does Rivian Automotive spend on research and development?
Rivian Automotive spent $1.7 billion on research and development in fiscal 2025, 31.0% of revenue.
What are Rivian Automotive's earnings per share?
Rivian Automotive earned $-2.90 per diluted share in fiscal 2025, compared with $-4.38 a year earlier.
When will Rivian Automotive report its next earnings?
Rivian Automotive is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Rivian Automotive's fiscal year end?
Rivian Automotive's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.