Rivian Reports Q3 2025 Financial Results

Rivian Reports Strong Q3 2025 Results, Prepares for R2 Launch and Expands Autonomy Capabilities

Rivian Automotive, Inc. the American electric vehicle (EV) manufacturer known for its adventure-ready trucks, SUVs, and innovative software ecosystem, has announced its financial results for the third quarter of 2025. The company demonstrated steady operational momentum, a sharp rise in revenues, and significant advancements in product development and technology — setting the stage for its next phase of growth with the upcoming R2 model.

CEO Highlights Commitment to Long-Term Vision

RJ Scaringe, Rivian’s Founder and CEO, emphasized the company’s ongoing progress toward its strategic priorities, especially the R2 platform and technology roadmap.

In Q3, we continued to make significant progress across our strategic priorities, which includes R2 and our technology roadmap,” said Scaringe. “R2 delivers on the adventurous spirit customers expect from Rivian while serving as a great daily driver. Over the long term, we believe the automotive industry will be fully electric, autonomous, and software-defined. Rivian’s vertically integrated technologies and direct-to-customer ownership experience position us to build a category-defining brand for both the U.S. and European markets.

Third Quarter 2025 Results Overview

Rivian’s Q3 performance underscored its ability to scale operations and expand its technology and service ecosystem.

Production and Deliveries

• 10,720 vehicles produced at Rivian’s Normal, Illinois manufacturing plant.
• 13,201 vehicles delivered to customers — the highest delivery quarter of the year.

This reflects the company’s improved production efficiency, logistics coordination, and demand momentum for its flagship R1T and R1S models.

Revenues

• $1.56 billion in consolidated revenue, marking a 78% year-over-year increase.
• $1.14 billion in automotive revenue, up 47%, fueled by higher deliveries and average selling prices.
• $416 million from software and services — a 324% jump from Q3 2024 — largely attributed to Rivian’s growing software ecosystem and vehicle electrical architecture services, including joint development work with other manufacturers.

Gross Profit

• Rivian reported a $24 million gross profit, improving by $416 million from the same quarter last year.
• Automotive gross profit remained at a loss of $130 million, but this represented a substantial $249 million improvement due to cost optimizations and better pricing.
• Software and services generated $154 million in gross profit, up $167 million year-over-year, driven by joint venture revenue from Volkswagen Group and increased remarketing and maintenance services.

Business Progress and Strategic Updates

Rivian continues to strengthen its operations and prepare for the highly anticipated launch of the R2 — the company’s next-generation, mid-size electric SUV platform slated for first-half 2026 production.

R2 Manufacturing and Facility Expansion

Construction milestones have been achieved across Rivian’s Illinois operations:

• Completion of the 1.1 million sq. ft. R2 body shop and general assembly facility and a 1.2 million sq. ft. supplier park and logistics center.
• Equipment installation is underway, with robot commissioning already active in the R2 body shop.
• Manufacturing validation builds are expected by year-end 2025.
• Paint shop upgrades will boost total annual capacity to 215,000 vehicles.

To support long-term growth, Rivian also broke ground on its second U.S. manufacturing plant near Social Circle, Georgia. The new facility will add 400,000 units of annual capacity once completed and generate 7,500 new manufacturing jobs, reinforcing Rivian’s position as a cornerstone of U.S. EV production.

Expanding Autonomy and AI Capabilities

Rivian’s Autonomy Platform, built on an AI-centric, end-to-end architecture, advanced significantly during Q3. Second-generation R1 vehicles now feature expanded hands-free highway driving capabilities, resulting in a 70% increase in miles driven using the feature.

The company announced plans to host its first Autonomy & AI Day on December 11, 2025, where Rivian will share deeper insights into its self-driving vision, neural network advancements, and future software roadmap.

Software Innovation and OTA Features

Rivian’s vehicles operate on a software-defined architecture, enabling the company to continuously enhance the ownership experience through over-the-air (OTA) updates. Recent software rollouts include:

• Smart charging schedule recommendations to optimize charging efficiency and grid impact.
• Seasonal themed experiences like “Halloween Mode,” featuring immersive lighting, sound, and visual effects that turn Rivian vehicles into interactive experiences.

These updates exemplify how Rivian differentiates its vehicles beyond hardware — building an emotional connection between technology and adventure.

Expanding Brand Presence and Charging Network

As Rivian gears up for R2, expanding customer access and service infrastructure remains a top priority.

• The company now operates 35 Rivian Spaces and 95 service locations, most offering sales and demo drives.
• The Rivian Adventure Network continues to expand, now featuring 850+ chargers across 131 sites in 38 states.
• The network’s accessibility for all EVs has surpassed 90%, with plans to reach full universal compatibility in the near term.
• A new Charging Outpost was opened in the Hamptons, NY, supporting Rivian’s mission to build a nationwide, adventure-oriented charging ecosystem.

2025 Full-Year Guidance

Rivian reaffirmed its 2025 financial guidance, reflecting disciplined execution amid expansion:

These figures highlight Rivian’s continued investment in manufacturing, technology, and brand expansion while progressing toward positive gross margins.

With strong quarterly performance, expanding revenue streams, and advancing production readiness for the R2, Rivian is entering a pivotal growth phase. The company’s deep integration of hardware, software, and services — supported by partnerships like its joint venture with Volkswagen Group — continues to differentiate it in a competitive EV market.

Rivian’s upcoming Autonomy & AI Day and the ramp-up of R2 production in 2026 are expected to further reinforce the company’s long-term vision: delivering adventure-inspired, technology-driven electric vehicles designed for a fully electric, autonomous future.

Rivian will host an audio webcast to discuss its Q3 results and business outlook at 2:00 p.m. PT / 5:00 p.m. ET on November 4, 2025, accessible on the company’s Investor Relations website. A replay will remain available for four weeks.

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