Rivian Q4 Earnings Preview: Profitability Progress, R2 Launch, 2025 Outlook And Key Factors To Watch

Electric vehicle company Rivian Automotive RIVN will likely highlight its improving profitability and upcoming R2 launch when the company reports fourth-quarter financial results after market close Thursday, Feb. 20.

Earnings Estimates: Analysts expect Rivian to report fourth-quarter revenue of $1.40 billion, up from $1.31 billion in last year's fourth quarter, according to Benzinga Pro data.

The company missed analyst revenue estimates in the third quarter, but has beaten estimates in six of the last seven quarters.

Analysts expect the company to report a loss of 65 cents per share in the fourth quarter, an improvement from a loss of $1.36 in last year's fourth quarter.

The company has missed analyst estimates for earnings per share in three of the last four quarters, while beating the estimate in seven of the last 10 quarters overall.

Rivian's losses have improved in recent quarters. Here are the quarterly earnings per share losses to date in the current fiscal year:

• First Quarter: -$1.24
• Second Quarter: -$1.13
• Third Quarter: -$0.99

The company guided that it expects to reach positive gross profit in the fourth quarter with higher revenue per unit and improved fixed costs per unit after its third-quarter financial results.

Read Also: Rivian ‘Hyper-Focused’ On Launching Hands-Free Driver Assistance System This Year: Report

Key Items to Watch: Rivian previously reported fourth-quarter deliveries of 14,183, which was the company's second highest quarterly total.

The company also finished 2024 with 51,579 deliveries.

All eyes will likely be on Rivian's 2025 guidance and commentary as the company works through a plant shutdown in the second half at its Normal, Illinois facility to prepare for the production of the R2 SUV.

The highly anticipated R2 is expected to be a focal point, as its starting price of around $45,000 could position Rivian in more direct competition with Tesla and other automakers. Currently, Rivian’s vehicles are priced at higher tiers.

R2 production is expected to begin in the first half of 2026. Rivian could comment on the number of reservations it has for the vehicle and how the timeline for production is progressing.

Another area to watch will be Amazon's electric deliver vans. The company previously had an exclusive deal with Amazon to deliver 100,000 vehicles by 2030. With over 20,000 vans delivered, Rivian has been a key partner with Amazon.

Rivian is also taking orders from other companies after ending its exclusive deal with Amazon. Investors and analysts would love to hear if any companies have signed deals or taken deliveries other than Amazon.

Another item to watch could be commentary on Rivian's $6.6 billion federal loan for its Georgia manufacturing facility. The loan is now facing pressure from President Donald Trump's administration, which counts rival CEO Elon Musk (Tesla) as a key figure.

Rivian CEO RJ Scaringe has brushed off concerns that the current administration could hurt the electric vehicle sector. However, any indication that federal funding might not materialize could rattle investors, as it would hinder Rivian's efforts to strengthen profitability.

RIVN Price Action: Rivian stock is down 3.3% TO $13.95 on Wednesday versus a 52-week trading range of $8.26 to $18.96. Rivian stock is up 6.1% year-to-date in 2025 and down 11.5% over the past year.

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