Rivian Automotive, Inc. / DE RIVN

Consumer discretionary SIC 3711 - Motor Vehicles & Passenger Car Bodies NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Manufacturing › Automobile and Light Duty Motor Vehicle Manufacturing derived Nasdaq

Rivian is an American automotive technology company that develops and manufactures category-defining electric vehicles as well as vertically integrated technologies and services. Through innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence, and propulsion, the Company creates vehicles that excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.

Last close 11.83 2026-10-23
Market cap $15.67B estimated share count
52-week range 11.60 - 22.69

Valuation FY2025 figures against the last close

P/S2.9x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-3.07

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Automotive
  • Software and Services
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Automotive, FY2025: 3.8B (71.1%) 71% Automotive Software and Services, FY2025: 1.6B (28.9%) 29% Software and Services FY2024 Automotive, FY2024: 4.5B (90.3%) 90% Software and Services, FY2024: 484M (9.7%) 10% FY2023 Automotive, FY2023: 4.1B (93.2%) 93% Software and Services, FY2023: 302M (6.8%) 7%
Segment FY2025FY2024FY2023
Automotive $3.83B $4.49B $4.13B
Software and Services $1.56B $484.0M $302.0M

As the company reported it, from the “SEGMENT INFORMATION (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
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$0$0—
Gross profit $144.0M-$1.20B-$2.03B-$3.12B-$465.0M$0$0—
R&D $1.67B$1.61B$2.00B$1.94B$1.85B$766.0M$301.0M—
SG&A $2.06B$1.88B$1.71B$1.79B$1.24B$255.0M$108.0M—
Total operating expenses $3.73B$3.49B$3.71B$3.73B$3.75B$1.02B$409.0M—
Operating income -$3.58B-$4.69B-$5.74B-$6.86B-$4.22B-$1.02B-$409.0M—
Interest expense $274.0M$318.0M$220.0M$103.0M$29.0M$8.0M$34.0M—
Pre-tax income -$3.62B-$4.74B-$5.43B-$6.75B-$4.69B-$1.02B-$426.0M—
Income tax $6.0M$5.0M$1.0M$4.0M$0$0$0—
Net income -$3.63B-$4.75B-$5.43B-$6.75B-$4.69B-$1.02B-$426.0M—
EPS, basic -3.07-4.69-5.74-7.40-22.98-10.09-4.35—
EPS, diluted -3.07-4.69-5.74-7.40-22.98-10.09-4.35—
Shares, diluted (wtd. avg.) 1.19B1.01B947.0M913.0M204.0M101.0M98.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $3.58B$5.29B$7.86B$12.10B$18.42B$3.01B$2.27B$14.0M
Short-term investments $2.50B$2.41B$1.51B$0————
Receivables $555.0M$443.0M$161.0M$102.0M$26.0M$6.0M——
Inventory $1.59B$2.25B$2.62B$1.35B$274.0M$0——
Total current assets $8.59B$10.58B$12.31B$13.13B$18.56B$3.02B——
Property, plant and equipment ———$3.76B$3.18B$1.45B——
Total assets $14.86B$15.41B$16.78B$17.88B$22.29B$4.60B——
Accounts payable $595.0M$499.0M$981.0M$1.00B$483.0M$90.0M——
Short-term debt ——$0$0$0$28.0M——
Total current liabilities $3.69B$2.25B$2.49B$2.42B$1.31B$611.0M——
Long-term debt $4.44B$4.44B$4.43B$1.23B$1.23B$47.0M——
Total liabilities $10.27B$8.85B$7.64B$4.08B$2.78B$742.0M——
Retained earnings -$26.95B-$23.30B-$18.56B-$13.13B-$6.37B-$1.69B——
Total equity $4.59B$6.56B$9.14B$13.80B$19.51B-$1.38B-$375.0M-$88.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$779.0M-$1.72B-$4.87B-$5.05B-$2.62B-$848.0M-$353.0M—
Depreciation and amortisation $784.0M$1.03B$937.0M$652.0M$197.0M$29.0M$7.0M—
Stock-based compensation $741.0M$692.0M$821.0M$987.0M$570.0M$0$0—
Capital expenditure $1.71B$1.14B$1.03B$1.37B$1.79B$914.0M$199.0M—
Investing cash flow -$1.83B-$1.98B-$2.51B-$1.37B-$1.79B-$914.0M-$199.0M—
Financing cash flow $886.0M$1.14B$3.13B$99.0M$19.83B$2.50B$2.81B—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001874178-26-000023.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B -5B 0 5B 10B Revenue, FY2019: 0 Gross profit, FY2019: 0 Net income, FY2019: -426M Revenue, FY2020: 0 Gross profit, FY2020: 0 Net income, FY2020: -1B Revenue, FY2021: 55M Gross profit, FY2021: -465M Net income, FY2021: -4.7B Revenue, FY2022: 1.7B Gross profit, FY2022: -3.1B Net income, FY2022: -6.8B Revenue, FY2023: 4.4B Gross profit, FY2023: -2B Net income, FY2023: -5.4B Revenue, FY2024: 5B Gross profit, FY2024: -1.2B Net income, FY2024: -4.7B Revenue, FY2025: 5.4B Gross profit, FY2025: 144M Net income, FY2025: -3.6B FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $0 $0 $55.0M $1.66B $4.43B $4.97B $5.39B
Gross profit — $0 $0 -$465.0M -$3.12B -$2.03B -$1.20B $144.0M
Net income — -$426.0M -$1.02B -$4.69B -$6.75B -$5.43B -$4.75B -$3.63B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Item 3.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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