Rivian articles $170 million ‘gross earnings’ in Q4, sees losses reducing as variable expenses enhance

Rivian (RIVN) reported solid 4th quarter outcomes after the bell on Thursday and came with on its objective of uploading a “gross profit” for the quarter, with a smaller-than-expected full-year 2024 EBITDA (profits prior to rate of interest, tax obligations, devaluation, and amortization) loss too. The firm additionally sees a smaller sized loss in 2025 contrasted to a year earlier.

Rivian reported a gross earnings of $170 million in the 4th quarter, mainly driven by “improvements in variable costs, revenue per delivered unit, and fixed costs,” the firm stated in a declaration.

“This quarter we attained favorable gross earnings and eliminated $31,000 in automobile price of items marketed per automobile provided in Q4 2024 about Q4 2023,” Rivian CEO RJ Scaringe said in a statement. “Our concentrate on price effectiveness throughout business is crucial for the launch of our mass market item, R2. The R2 expense of products is around 95% sourced and is anticipated to be around half that of the boosted R1 expense of products.”

In terms of guidance, Rivian sees its 2025 full-year adjusted EBITDA loss in the range of $1.7 billion to $1.9 billion, with vehicle deliveries between 46,000 and 51,000.

On the conference call, CFO Claire McDonough said the company expects fewer deliveries in Q1 due to seasonality and the effects of the wildfires on the state of California, where many Rivian purchases are made. McDonough said the company expects only 8,000 deliveries in Q1, and 14,000 units produced.

Rivian stock was up over 3% in after-hours trading, but pared some of those gains.

For the quarter, Rivian reported revenue of $1.73 billion versus $1.38 billion expected per Bloomberg consensus estimates, 32% higher than the $1.31 billion reported a year ago. The company reported an adjusted loss per share of $0.46, beating estimates for a $0.65 loss, with an adjusted EBITDA loss of $277 million, better than the $399.8 million expected.

For the year 2024, Rivian posted an adjusted EBITDA loss of $2.68 billion, lower than the $2.87 billion loss projected last quarter and an improvement compared to the $3.78 billion loss from a year ago.

In early January, the company said it produced 49,476 vehicles and delivered 51,579 in 2024. In Q4, Rivian produced 12,727 vehicles and delivered 14,183 vehicles.

Rivian said it had $5.29 billion in cash and cash equivalents, down from the $7.85 billion it had a year ago.

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yf-1pe5jgt”>The joint venture, announced last June, will use Rivian’s electrical architecture — known as “yf-1pe5jgt” — and accompanying software stack to enable the launch of Rivian’s upcoming midsize R2 SUV in the first half of 2026.

Read more: Are electric cars more expensive to insure?

In November, Rivian also revealed that it won a “yf-8xybrv”>” from the Department of Energy (DOE) for a $6.6 billion loan, highlighting Rivian’s improving capital condition. The loan, part of the DOE’s Advanced Technology Vehicles Manufacturing (ATVM) program, would support the construction of Rivian’s upcoming assembly plant located outside of Atlanta.

The new Trump White House, however, and the Department of Government Efficiency (DOGE) say they will scrutinize the deal, potentially putting the DOE loan to Rivian in limbo.

“>A fleet of Rivian Electric Delivery Vehicles (EDV) are connected to electric chargers during a launch event between Amazon and Rivian at an Amazon facility on July 21, 2022, in Chicago. (Mustafa Hussain/Getty Images) · Mustafa Hussain via Getty Images

Another big wild card on the regulatory front is the status of the federal EV tax credit, which the Trump White House and Republican Party have indicated may be repealed. Pure-play automakers like Rivian, Lucid (LCID), and Tesla (TSLA) could be most affected by removal of the tax credit.

Finally, earlier this month Rivian said it would open up orders for its EDV commercial delivery van, which could open another revenue stream for a company looking to scale up, grow revenue, and cut costs.

Correction: An earlier version of this story had an adjusted loss per share of $0.70 for Q4. That has been corrected to $0.46. The EBITDA loss for last year was also corrected to $3.78 billion. We regret the errors.