Rivian Beats Q4 Estimates with $1.29B Revenue and 9,745 Deliveries
Rivian reported fourth-quarter revenue of $1.29 billion, beating the $1.27 billion consensus and narrowing its EPS loss to $0.54 versus the $0.68 forecast. Q4 deliveries reached 9,745 units, full-year shipments hit 42,247, and software and services revenue surged 109% to $447 million.
1. Q4 Earnings Beat Estimates
Rivian generated $1.29 billion in fourth-quarter revenue, topping the $1.27 billion consensus, and posted a loss per share of $0.54, narrower than the $0.68 forecast. This marked an improvement over the prior year’s loss despite a 25.8% year-over-year revenue decline.
2. Delivery and Production Metrics
The company produced 10,974 vehicles and delivered 9,745 in Q4, bringing full-year deliveries to 42,247 units. Automotive revenue fell to $839 million due to lower regulatory credits and fewer deliveries, but maintained momentum in core EV shipments.
3. Software and Services Growth
Software and services revenue jumped 109% year-over-year to $447 million, driving $179 million in gross profit. Consolidated gross profit for the quarter reached $120 million, reflecting improved margins from high-margin digital offerings.
4. 2026 R2 Launch and Delivery Ramp
CEO RJ Scaringe confirmed that groundwork laid in 2025 positions Rivian to scale rapidly in 2026, with R2 vehicle deliveries on track to begin in Q2 and a planned ramp-up of production and shipments throughout the year.