Rivian Posts $120M Q4 and $144M 2025 Gross Profit, Analysts Revise Targets
On February 13 Baird cut Rivian’s price objective to $23 from $25 while TD Cowen raised its target to $17 from $13, keeping respective Outperform and Hold ratings. The company reported $120 million in Q4 consolidated gross profit and $144 million for 2025, with R2 deliveries set for Q2 2026.
1. Analyst Price Target Updates
On February 13 Baird reduced Rivian Automotive’s price objective to $23 from $25 while maintaining an Outperform rating, reflecting updated consensus expectations after reviewing Q4 results. The same day, TD Cowen raised its target to $17 from $13 but kept a Hold rating, citing solid demand and eased R1 cannibalization concerns.
2. Quarterly and Annual Profit
Rivian reported consolidated gross profit of $120 million in the fourth quarter and $144 million for full-year 2025, representing a year-over-year improvement of over $1.3 billion. This profit growth reflects operational leverage from increased production volumes and refined cost controls.
3. R2 Delivery Timeline
The company expects to begin deliveries of its new R2 electric vehicle in Q2 2026, marking the next phase of its growth strategy. CEO RJ Scaringe highlighted that 2025 performance focused on profitability while laying groundwork for scaled operations and expanded market reach in 2026.