Rivian, an electric vehicle (EV) manufacturer, reported revenue of $5.38 billion in 2025, an increase from $4.97 billion the previous year. However, auto revenue declined by 15% to $3.8 billion due to a drop in regulatory credit sales and lower vehicle deliveries, although higher average selling prices partially offset this decline.
In contrast, Rivian’s software and services revenue surged to $1.55 billion, driven by a joint venture with Volkswagen Group. This partnership includes technology sharing, with payments structured around milestones and ongoing testing. Rivian is expected to receive additional funding from VW through 2027, bolstering its financial position.
Looking ahead, Rivian is focused on releasing its R2 SUV by June 2026, with aims to improve manufacturing costs. The company plans to deliver between 62,000 and 67,000 vehicles in 2026, a significant increase from 42,247 vehicles in 2025. Although Rivian recorded a net loss of $3.6 billion in 2025, it foresees reducing its adjusted net loss to between $1.8 billion and $2.1 billion in 2026, while capital expenditures are projected at $1.95 billion to $2.05 billion.
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