Rivian Reports $1.3B Q4 Revenue; Software Gives $179M Profit as Automotive Loses $59M
Rivian Automotive generated $1.3B in Q4 2025 revenue with the automotive segment posting a $59M gross loss while its software and services division delivered $179M in gross profit at mid-30% margins. The company finished the year with $6.1B liquidity and forecasts 2026 adjusted EBITDA losses of $1.8B-$2.1B.
1. Q4 2025 Financial Results
Rivian Automotive posted $1.3 billion in revenue for Q4 2025, with the automotive division incurring a $59 million gross loss. The software and services segment generated $179 million in gross profit, achieving mid-30% margins.
2. Liquidity and Software Partnership
The company ended 2025 with $6.1 billion in liquidity, bolstered by its joint venture with Volkswagen Group. This partnership significantly contributed to software revenue growth and strengthened the services business.
3. 2026 Outlook and R2 Launch
Management foresees adjusted EBITDA losses of $1.8 billion to $2.1 billion in 2026 due to R2 production ramp-up and elevated capital expenditures. Rivian aims to deliver 62,000 to 67,000 vehicles next year, with the new R2 model priced near $50,000 already showing strong preorder demand.