Free Trial
→ SpaceX eyes a 1.75 trillion valuation - here's what to know (From Brownstone Research) (Ad)tc pixel Free RIVN Stock Alerts

Rivian Automotive (RIVN) Financials

Rivian Automotive logo
$17.90 +0.61 (+3.53%)
As of 11:16 AM Eastern
Compare
Annual Income Statements for Rivian Automotive

Annual Income Statements for Rivian Automotive

This table shows Rivian Automotive's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -426 -1,018 -4,688 -6,752 -5,432 -4,747 -3,646
Consolidated Net Income / (Loss)		 -426 -1,018 -4,688 -6,752 -5,432 -4,746 -3,646
Net Income / (Loss) Continuing Operations		 -426 -1,018 -4,688 -6,752 -5,432 -4,746 -3,626
Total Pre-Tax Income 		-426 -1,018 -4,688 -6,748 -5,431 -4,741 -3,620
Total Operating Income		 -409 -1,021 -4,220 -6,856 -5,739 -4,689 -3,585
Total Gross Profit		 0.00 0.00 -465 -3,123 -2,030 -1,200 144
Total Revenue		 0.00 0.00 55 1,658 4,434 4,970 5,387
Operating Revenue		 0.00 0.00 55 1,658 4,434 4,970 5,387
Total Cost of Revenue		 0.00 0.00 520 4,781 6,464 6,170 5,243
Operating Cost of Revenue		 0.00 0.00 520 4,781 6,464 6,170 5,243
Total Operating Expenses		 409 1,021 3,755 3,733 3,709 3,489 3,729
Selling, General & Admin Expense		 108 255 1,905 1,789 1,714 1,876 2,061
Research & Development Expense		 301 766 1,850 1,944 1,995 1,613 1,668
Total Other Income / (Expense), net		 -17 3.00 -468 108 308 -52 -35
Interest Expense		 34 8.00 470 103 220 318 274
Interest & Investment Income		 18 10 3.00 193 522 385 293
Other Income / (Expense), net		 -1.00 1.00 -1.00 18 6.00 -119 -54
Income Tax Expense		 0.00 0.00 0.00 4.00 1.00 5.00 6.00
Basic Earnings per Share		 ($4.35) ($10.09) ($22.98) ($7.40) ($5.74) ($4.69) ($3.07)
Weighted Average Basic Shares Outstanding		 98M 101M 204M 913M 947M 1.01B 1.19B
Diluted Earnings per Share		 ($4.35) ($10.09) ($22.98) ($7.40) ($5.74) ($4.69) ($3.07)
Weighted Average Diluted Shares Outstanding		 98M 101M 204M 913M 947M 1.01B 1.19B
Weighted Average Basic & Diluted Shares Outstanding		 - - 900.55M 927.09M 977.45M 1.13B 1.24B

Quarterly Income Statements for Rivian Automotive

This table shows Rivian Automotive's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1,367 -1,521 -1,446 -1,457 -1,100 -744 -545 -1,117 -1,173 -811 -416
Consolidated Net Income / (Loss)		 -1,367 -1,521 -1,446 -1,457 -1,100 -743 -545 -1,117 -1,173 -811 -416
Net Income / (Loss) Continuing Operations		 -1,367 -1,521 -1,446 -1,457 -1,100 -743 -541 -1,115 -1,166 -804 -416
Total Pre-Tax Income 		-1,367 -1,521 -1,445 -1,456 -1,100 -740 -539 -1,113 -1,167 -801 -418
Total Operating Income		 -1,440 -1,581 -1,484 -1,375 -1,169 -661 -655 -1,114 -983 -833 -881
Total Gross Profit		 -477 -606 -527 -451 -392 170 206 -206 24 120 119
Total Revenue		 1,337 1,315 1,204 1,158 874 1,734 1,240 1,303 1,558 1,286 1,381
Operating Revenue		 1,337 1,315 1,204 1,158 874 1,734 1,240 1,303 1,558 1,286 1,381
Total Cost of Revenue		 1,814 1,921 1,731 1,609 1,266 1,564 1,034 1,509 1,534 1,166 1,262
Operating Cost of Revenue		 1,814 1,921 1,731 1,609 1,266 1,564 1,034 1,509 1,534 1,166 1,262
Total Operating Expenses		 963 975 957 924 777 831 861 908 1,007 953 1,000
Selling, General & Admin Expense		 434 449 496 496 427 457 480 498 554 529 542
Research & Development Expense		 529 526 461 428 350 374 381 410 453 424 458
Total Other Income / (Expense), net		 73 60 39 -81 69 -79 116 1.00 -184 32 463
Interest Expense		 55 73 75 75 87 193 72 69 69 64 65
Interest & Investment Income		 126 131 112 95 95 83 81 72 76 64 50
Other Income / (Expense), net		 2.00 2.00 2.00 -101 61 31 107 -2.00 -191 32 478
Income Tax Expense		 0.00 - 1.00 1.00 0.00 3.00 2.00 2.00 -1.00 3.00 -2.00
Basic Earnings per Share		 ($1.44) ($1.58) ($1.48) ($1.46) ($1.08) ($0.67) ($0.48) ($0.97) ($0.96) ($0.66) ($0.33)
Weighted Average Basic Shares Outstanding		 952M 947M 978M 1.00B 1.01B 1.01B 1.14B 1.16B 1.22B 1.19B 1.25B
Diluted Earnings per Share		 ($1.44) ($1.58) ($1.48) ($1.46) ($1.08) ($0.67) ($0.48) ($0.97) ($0.96) ($0.66) ($0.33)
Weighted Average Diluted Shares Outstanding		 952M 947M 978M 1.00B 1.01B 1.01B 1.14B 1.16B 1.22B 1.19B 1.25B
Weighted Average Basic & Diluted Shares Outstanding		 957.72M 977.45M 995.32M 1.01B 1.02B 1.13B 1.15B 1.21B 1.23B 1.24B 1.26B

Annual Cash Flow Statements for Rivian Automotive

This table details how cash moves in and out of Rivian Automotive's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 2,259 738 15,412 -6,324 -4,242 -2,563 -1,715
Net Cash From Operating Activities		 -353 -848 -2,622 -5,052 -4,866 -1,716 -779
Net Cash From Continuing Operating Activities		 -353 -848 -2,622 -5,052 -4,866 -1,716 -779
Net Income / (Loss) Continuing Operations		 -426 -1,018 -4,688 -6,752 -5,432 -4,746 -3,626
Consolidated Net Income / (Loss)		 -426 -1,018 -4,688 -6,752 -5,432 -4,746 -3,626
Depreciation Expense		 7.00 29 197 652 937 1,031 784
Non-Cash Adjustments To Reconcile Net Income		 51 0.00 1,749 1,989 1,043 832 623
Changes in Operating Assets and Liabilities, net		 15 141 120 -941 -1,414 1,167 1,440
Net Cash From Investing Activities		 -199 -914 -1,794 -1,369 -2,511 -1,980 -1,828
Net Cash From Continuing Investing Activities		 -199 -914 -1,794 -1,369 -2,511 -1,980 -1,828
Purchase of Property, Plant & Equipment		 -199 -914 -1,794 -1,369 -1,026 -1,141 -1,710
Purchase of Investments		 - - 0.00 0.00 -2,410 -4,392 -3,206
Sale and/or Maturity of Investments		 - - 0.00 0.00 925 3,553 3,088
Net Cash From Financing Activities		 2,811 2,500 19,828 99 3,130 1,136 886
Net Cash From Continuing Financing Activities		 2,811 2,500 19,828 99 3,130 1,136 886
Repayment of Debt		 - -6.00 -86 -3.00 -17 -5.00 -1,287
Issuance of Debt		 61 0.00 3,726 0.00 3,195 1,000 1,250
Issuance of Common Equity		 2,750 2,506 16,188 102 60 141 923
Other Financing Activities, net		 0.00 - 0.00 0.00 -108 0.00 0.00
Effect of Exchange Rate Changes		 - 0.00 0.00 -2.00 5.00 - 6.00
Cash Interest Paid		 5.00 4.00 2.00 88 169 279 222

Quarterly Cash Flow Statements for Rivian Automotive

This table details how cash moves in and out of Rivian Automotive's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -1,319 -84 -1,878 -216 -367 -102 -601 119 -371 -862 -734
Net Cash From Operating Activities		 -877 -1,107 -1,269 -754 -876 1,183 -188 64 26 -681 -703
Net Cash From Continuing Operating Activities		 -877 -1,107 -1,269 -754 -876 1,183 -188 64 26 -681 -703
Net Income / (Loss) Continuing Operations		 -1,367 -1,521 -1,446 -1,457 -1,100 -743 -541 -1,115 -1,166 -804 -416
Consolidated Net Income / (Loss)		 -1,367 -1,521 -1,446 -1,457 -1,100 -743 -541 -1,115 -1,166 -804 -416
Depreciation Expense		 256 270 280 274 259 218 200 196 187 201 194
Non-Cash Adjustments To Reconcile Net Income		 175 277 436 189 42 165 107 209 128 179 -225
Changes in Operating Assets and Liabilities, net		 59 -133 -539 240 -77 1,543 46 774 877 -257 -256
Net Cash From Investing Activities		 -432 -603 -606 -489 501 -1,386 -408 -706 -393 -321 -25
Net Cash From Continuing Investing Activities		 -432 -603 -606 -489 501 -1,386 -408 -706 -393 -321 -25
Purchase of Property, Plant & Equipment		 -190 -298 -254 -283 -277 -327 -338 -462 -447 -463 -372
Acquisitions		 - - - - - - 0.00 - - - -114
Purchase of Investments		 -467 -1,005 -902 -1,327 -247 -1,916 -835 -1,107 -629 -635 -558
Sale and/or Maturity of Investments		 225 700 550 1,121 1,025 857 765 863 683 777 1,019
Net Cash From Financing Activities		 -8.00 1,621 -2.00 1,030 4.00 104 -6.00 756 -3.00 139 -2.00
Net Cash From Continuing Financing Activities		 -8.00 1,621 -2.00 1,030 4.00 104 -6.00 756 -3.00 139 -2.00
Repayment of Debt		 -10 -3.00 -4.00 -1.00 - -2.00 -8.00 -1,277 -1.00 - -3.00
Issuance of Common Equity		 2.00 22 2.00 31 4.00 27 2.00 783 -2.00 139 1.00
Effect of Exchange Rate Changes		 -2.00 5.00 -1.00 -3.00 4.00 -3.00 1.00 5.00 -1.00 1.00 -4.00

Annual Balance Sheets for Rivian Automotive

This table presents Rivian Automotive's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 4,602 22,294 17,876 16,778 15,410 14,864
Total Current Assets		 3,016 18,559 13,130 12,313 10,583 8,592
Cash & Equivalents		 2,979 18,133 11,568 7,857 5,294 3,579
Short-Term Investments		 - - 0.00 1,511 2,406 2,503
Accounts Receivable		 6.00 26 102 161 443 555
Inventories, net		 0.00 274 1,348 2,620 2,248 1,594
Other Current Assets		 31 126 112 164 192 361
Plant, Property, & Equipment, net		 1,445 3,183 3,758 3,874 3,965 5,119
Total Noncurrent Assets		 141 552 988 591 862 1,153
Long-Term Investments		 - - - - - 119
Other Noncurrent Operating Assets		 141 552 988 591 862 1,034
Total Liabilities & Shareholders' Equity		 4,602 22,294 17,876 16,778 15,410 14,864
Total Liabilities		 742 2,780 4,077 7,637 8,848 10,270
Total Current Liabilities		 611 1,313 2,424 2,487 2,251 3,693
Accounts Payable		 90 483 1,000 981 499 595
Accrued Expenses		 443 667 1,154 1,145 835 1,438
Other Current Liabilities		 22 163 270 - 917 1,660
Total Noncurrent Liabilities		 131 1,467 1,653 5,150 6,597 6,577
Long-Term Debt		 47 1,226 1,231 4,431 4,441 4,440
Other Noncurrent Operating Liabilities		 84 241 422 719 2,156 2,137
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -1,384 19,514 13,799 9,141 6,562 4,594
Total Preferred & Common Equity		 -1,384 19,514 13,799 9,141 6,558 4,566
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -1,384 19,514 13,799 9,141 6,558 4,566
Common Stock		 302 25,888 26,927 27,696 29,867 31,509
Retained Earnings		 -1,686 -6,374 -13,126 -18,558 -23,305 -26,951
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 -2.00 3.00 -4.00 8.00
Noncontrolling Interest		 - - - 0.00 4.00 28

Quarterly Balance Sheets for Rivian Automotive

This table presents Rivian Automotive's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 19,023 18,191 17,227 16,456 15,734 15,354 14,262 15,505 15,597 15,217 14,233
Total Current Assets		 14,424 13,350 12,861 12,086 11,314 10,957 9,837 10,394 10,120 9,275 7,045
Cash & Equivalents		 13,272 11,244 9,260 7,941 5,979 5,763 5,396 4,693 4,812 4,441 2,845
Short-Term Investments		 - - 942 1,192 1,879 2,104 1,343 2,485 2,696 2,647 1,985
Accounts Receivable		 106 157 342 237 389 249 217 412 254 203 342
Inventories, net		 949 1,823 2,161 2,530 2,797 2,583 2,680 2,589 2,103 1,638 1,543
Other Current Assets		 97 126 156 186 270 258 201 215 255 346 330
Plant, Property, & Equipment, net		 3,668 3,826 3,861 3,810 3,830 3,801 3,819 4,104 4,421 4,837 5,434
Total Noncurrent Assets		 931 1,015 505 560 590 596 606 1,007 1,056 1,105 1,754
Long-Term Investments		 - - - - - - - - - - 669
Other Noncurrent Operating Assets		 931 1,015 505 560 590 596 606 1,007 1,056 1,105 1,085
Total Liabilities & Shareholders' Equity		 19,023 18,191 17,227 16,456 15,734 15,354 14,262 15,505 15,597 15,217 14,233
Total Liabilities		 3,686 5,449 5,513 5,904 7,665 8,536 8,363 9,275 9,518 10,133 9,804
Total Current Liabilities		 2,109 2,269 2,274 2,624 2,401 2,086 1,933 2,788 2,943 3,425 3,353
Accounts Payable		 828 984 1,007 1,134 1,019 769 617 713 489 554 754
Accrued Expenses		 1,026 996 943 1,116 1,018 895 887 945 1,017 1,388 1,045
Current Deferred Revenue		 - - - - - - - 1,130 - - 1,554
Total Noncurrent Liabilities		 1,577 3,180 3,239 3,280 5,264 6,450 6,430 6,487 6,575 6,708 6,451
Long-Term Debt		 1,229 2,716 2,718 2,720 4,433 5,526 5,468 4,443 4,436 4,438 4,442
Other Noncurrent Operating Liabilities		 348 464 521 560 831 924 962 2,044 2,139 2,270 2,009
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 15,337 12,742 11,714 10,552 8,069 6,818 5,899 6,230 6,079 5,084 4,429
Total Preferred & Common Equity		 15,337 12,742 11,714 10,552 8,069 6,818 5,899 6,222 6,068 5,066 4,403
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 15,337 12,742 11,714 10,552 8,069 6,818 5,899 6,222 6,068 5,066 4,403
Common Stock		 26,744 27,218 27,384 27,591 28,071 28,280 28,456 30,073 31,029 31,199 31,768
Retained Earnings		 -11,403 -14,475 -15,670 -17,037 -20,004 -21,461 -22,561 -23,850 -24,967 -26,140 -27,367
Accumulated Other Comprehensive Income / (Loss)		 -4.00 -1.00 0.00 -2.00 2.00 -1.00 4.00 -1.00 6.00 7.00 2.00
Noncontrolling Interest		 - - - - - - - 8.00 11 18 26

Annual Metrics And Ratios for Rivian Automotive

This table displays calculated financial ratios and metrics derived from Rivian Automotive's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 2,914.55% 167.43% 12.09% 8.39%
EBITDA Growth		 0.00% -145.91% -306.05% -53.73% 22.47% 23.58% 24.41%
EBIT Growth		 0.00% -148.78% -313.82% -62.00% 16.16% 18.09% 24.31%
NOPAT Growth		 0.00% -149.63% -313.32% -62.46% 16.29% 18.30% 23.54%
Net Income Growth		 0.00% -138.97% -360.51% -44.03% 19.55% 12.63% 23.18%
EPS Growth		 0.00% -131.95% -127.75% 67.80% 22.43% 18.29% 34.54%
Operating Cash Flow Growth		 0.00% -140.23% -209.20% -92.68% 3.68% 64.73% 54.60%
Free Cash Flow Firm Growth		 0.00% 0.00% -175.63% -22.78% 15.83% 49.97% 9.36%
Invested Capital Growth		 0.00% 0.00% 172.70% 32.80% 21.43% -21.43% -10.63%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 58.06% 17.24% 9.21% -7.68%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 10.86% 5.53% 19.66% -7.05%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 8.90% 3.53% 16.81% -4.93%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 8.77% 3.59% 16.40% -5.04%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 9.85% 3.59% 14.08% -1.90%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -14.37% 4.65% 16.25% 0.32%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -45.34% -7.67% 6.51% 57.16% -171.80%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 5.04% 46.07% -1,006.36%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 5.10% 1.57% -28.63% 21.28%
Profitability Metrics		 - - - - - - -
Gross Margin		 0.00% 0.00% -845.45% -188.36% -45.78% -24.14% 2.67%
EBITDA Margin		 0.00% 0.00% -7,316.36% -373.10% -108.16% -73.74% -53.00%
Operating Margin		 0.00% 0.00% -7,672.73% -413.51% -129.43% -94.35% -66.55%
EBIT Margin		 0.00% 0.00% -7,674.55% -412.42% -129.30% -94.49% -67.55%
Profit (Net Income) Margin		 0.00% 0.00% -8,523.64% -407.24% -122.51% -95.49% -67.68%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.06% 100.02% 100.11% 100.72%
Interest Burden Percent		 103.90% 99.80% 111.06% 98.68% 94.73% 100.96% 99.48%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% -165.82% -158.15% -104.81% -87.45% -80.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -148.31% -143.82% -86.28% -51.73% -33.86%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 125.70% 117.62% 57.45% 27.00% 14.88%
Return on Equity (ROE)		 0.00% -26.37% -40.11% -40.54% -47.36% -60.45% -65.36%
Cash Return on Invested Capital (CROIC)		 0.00% -349.52% -258.49% -186.33% -124.17% -63.44% -69.02%
Operating Return on Assets (OROA)		 0.00% 0.00% -31.39% -34.05% -33.09% -29.18% -24.04%
Return on Assets (ROA)		 0.00% 0.00% -34.86% -33.62% -31.35% -29.49% -24.09%
Return on Common Equity (ROCE)		 0.00% 9.46% -31.11% -40.54% -47.36% -60.43% -65.18%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 73.55% -24.02% -48.93% -59.42% -72.37% 0.00%
Net Operating Profit after Tax (NOPAT)		 -286 -715 -2,954 -4,799 -4,017 -3,282 -2,510
NOPAT Margin		 0.00% 0.00% -5,370.91% -289.46% -90.60% -66.04% -46.58%
Net Nonoperating Expense Percent (NNEP)		 0.00% -20.89% -17.51% -14.34% -18.52% -35.72% -46.38%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -31.93% -29.60% -29.83% -27.78%
Cost of Revenue to Revenue		 0.00% 0.00% 945.45% 288.36% 145.78% 124.14% 97.33%
SG&A Expenses to Revenue		 0.00% 0.00% 3,463.64% 107.90% 38.66% 37.75% 38.26%
R&D to Revenue		 0.00% 0.00% 3,363.64% 117.25% 44.99% 32.45% 30.96%
Operating Expenses to Revenue		 0.00% 0.00% 6,827.27% 225.15% 83.65% 70.20% 69.22%
Earnings before Interest and Taxes (EBIT)		 -410 -1,020 -4,221 -6,838 -5,733 -4,696 -3,639
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -403 -991 -4,024 -6,186 -4,796 -3,665 -2,855
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 4.78 1.23 2.46 2.07 5.29
Price to Tangible Book Value (P/TBV)		 0.00 0.00 4.78 1.23 2.46 2.07 5.29
Price to Revenue (P/Rev)		 0.00 0.00 1,697.34 10.24 5.07 2.73 4.49
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 14.93 29.32 1.92 4.17 3.12 7.64
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1,389.94 4.00 3.95 2.08 4.19
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.02 0.06 0.09 0.48 0.68 0.97
Long-Term Debt to Equity		 0.00 0.01 0.06 0.09 0.48 0.68 0.97
Financial Leverage		 0.00 -0.75 -0.85 -0.82 -0.67 -0.52 -0.44
Leverage Ratio		 0.00 1.19 1.15 1.21 1.51 2.05 2.71
Compound Leverage Factor		 0.00 1.19 1.28 1.19 1.43 2.07 2.70
Debt to Total Capital		 0.00% 1.91% 5.91% 8.19% 32.65% 40.36% 49.15%
Short-Term Debt to Total Capital		 0.00% 0.71% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 1.19% 5.91% 8.19% 32.65% 40.36% 49.15%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 133.27% 0.00% 0.00% 0.00% 0.04% 0.31%
Common Equity to Total Capital		 0.00% -35.17% 94.09% 91.81% 67.35% 59.60% 50.54%
Debt to EBITDA		 0.00 -0.08 -0.30 -0.20 -0.92 -1.21 -1.56
Net Debt to EBITDA		 0.00 2.93 4.20 1.67 1.03 0.89 0.58
Long-Term Debt to EBITDA		 0.00 -0.05 -0.30 -0.20 -0.92 -1.21 -1.56
Debt to NOPAT		 0.00 -0.10 -0.42 -0.26 -1.10 -1.35 -1.77
Net Debt to NOPAT		 0.00 4.06 5.72 2.15 1.23 0.99 0.65
Long-Term Debt to NOPAT		 0.00 -0.07 -0.42 -0.26 -1.10 -1.35 -1.77
Altman Z-Score		 0.00 9.03 20.05 1.02 0.06 -1.23 -1.18
Noncontrolling Interest Sharing Ratio		 0.00% 135.85% 22.44% 0.00% 0.00% 0.03% 0.29%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 4.94 14.13 5.42 4.95 4.70 2.33
Quick Ratio		 0.00 4.89 13.83 4.81 3.83 3.62 1.80
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,671 -4,605 -5,654 -4,759 -2,381 -2,159
Operating Cash Flow to CapEx		 -177.39% -92.78% -146.15% -369.03% -474.27% -150.39% -45.56%
Free Cash Flow to Firm to Interest Expense		 0.00 -208.84 -9.80 -54.90 -21.63 -5.54 -7.88
Operating Cash Flow to Interest Expense		 -10.38 -106.00 -5.58 -49.05 -22.12 -3.99 -2.84
Operating Cash Flow Less CapEx to Interest Expense		 -16.24 -220.25 -9.40 -62.34 -26.78 -6.64 -9.08
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.08 0.26 0.31 0.36
Accounts Receivable Turnover		 0.00 0.00 3.44 25.91 33.72 16.46 10.80
Inventory Turnover		 0.00 0.00 0.00 5.90 3.26 2.53 2.73
Fixed Asset Turnover		 0.00 0.00 0.02 0.48 1.16 1.27 1.19
Accounts Payable Turnover		 0.00 0.00 1.82 6.45 6.53 8.34 9.59
Days Sales Outstanding (DSO)		 0.00 0.00 106.18 14.09 10.82 22.18 33.81
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 61.91 112.03 143.99 133.73
Days Payable Outstanding (DPO)		 0.00 0.00 201.10 56.61 55.93 43.78 38.08
Cash Conversion Cycle (CCC)		 0.00 0.00 -94.92 19.40 66.92 122.39 129.46
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 956 2,607 3,462 4,204 3,303 2,952
Invested Capital Turnover		 0.00 0.00 0.03 0.55 1.16 1.32 1.72
Increase / (Decrease) in Invested Capital		 0.00 956 1,651 855 742 -901 -351
Enterprise Value (EV)		 0.00 14,274 76,447 6,636 17,531 10,320 22,549
Market Capitalization		 11,934 11,934 93,354 16,973 22,468 13,575 24,163
Book Value per Share		 $0.00 ($13.70) $21.67 $14.98 $9.54 $6.43 $3.72
Tangible Book Value per Share		 $0.00 ($13.70) $21.67 $14.98 $9.54 $6.43 $3.72
Total Capital		 0.00 3,935 20,740 15,030 13,572 11,003 9,034
Total Debt		 0.00 75 1,226 1,231 4,431 4,441 4,440
Total Long-Term Debt		 0.00 47 1,226 1,231 4,431 4,441 4,440
Net Debt		 0.00 -2,904 -16,907 -10,337 -4,937 -3,259 -1,642
Capital Expenditures (CapEx)		 199 914 1,794 1,369 1,026 1,141 1,710
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -546 -887 -862 458 632 -1,183
Debt-free Net Working Capital (DFNWC)		 0.00 2,433 17,246 10,706 9,826 8,332 4,899
Net Working Capital (NWC)		 0.00 2,405 17,246 10,706 9,826 8,332 4,899
Net Nonoperating Expense (NNE)		 140 303 1,734 1,953 1,415 1,464 1,137
Net Nonoperating Obligations (NNO)		 0.00 -2,904 -16,907 -10,337 -4,937 -3,259 -1,642
Total Depreciation and Amortization (D&A)		 7.00 29 197 652 937 1,031 784
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -1,612.73% -51.99% 10.33% 12.72% -21.96%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 31,356.36% 645.72% 221.61% 167.65% 90.94%
Net Working Capital to Revenue		 0.00% 0.00% 31,356.36% 645.72% 221.61% 167.65% 90.94%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($22.98) ($7.40) ($5.74) ($4.69) ($3.07)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 204M 913M 947M 1.01B 1.19B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($22.98) ($7.40) ($5.74) ($4.69) ($3.07)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 204M 913M 947M 1.01B 1.19B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 900.55M 927.09M 977.45M 1.13B 1.24B
Normalized Net Operating Profit after Tax (NOPAT)		 -286 -715 -2,954 -4,799 -4,017 -3,282 -2,510
Normalized NOPAT Margin		 0.00% 0.00% -5,370.91% -289.46% -90.60% -66.04% -46.58%
Pre Tax Income Margin		 0.00% 0.00% -8,523.64% -407.00% -122.49% -95.39% -67.20%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 -12.06 -127.50 -8.98 -66.39 -26.06 -10.92 -13.28
NOPAT to Interest Expense		 -8.42 -89.34 -6.29 -46.59 -18.26 -7.63 -9.16
EBIT Less CapEx to Interest Expense		 -17.91 -241.75 -12.80 -79.68 -30.72 -13.57 -19.52
NOPAT Less CapEx to Interest Expense		 -14.27 -203.59 -10.10 -59.89 -22.92 -10.29 -15.40
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 1.66% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 1.66% 0.00%

Quarterly Metrics And Ratios for Rivian Automotive

This table displays calculated financial ratios and metrics derived from Rivian Automotive's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 1,240,989,789.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 1,240,989,789.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.34
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 149.44% 98.34% 82.15% 3.30% -34.63% 31.86% 2.99% 12.52% 78.26% -25.84% 11.37%
EBITDA Growth		 25.85% 17.67% 3.53% -13.50% 28.17% 68.53% 71.05% 23.46% -16.25% -14.50% 39.94%
EBIT Growth		 18.67% 11.74% -3.35% -15.13% 22.95% 60.10% 63.02% 24.39% -5.96% -7.95% 26.46%
NOPAT Growth		 18.83% 11.92% -3.56% -7.00% 18.82% 58.19% 55.86% 18.98% 15.91% -26.02% -34.50%
Net Income Growth		 20.71% 11.72% -7.19% -21.92% 19.53% 51.15% 62.31% 23.34% -6.64% -9.15% 23.67%
EPS Growth		 23.40% 15.05% -2.07% -14.96% 25.00% 57.59% 67.57% 33.56% 11.11% 1.49% 31.25%
Operating Cash Flow Growth		 35.89% 23.44% 16.57% 44.60% 0.11% 206.87% 85.19% 108.49% 102.97% -157.57% -273.94%
Free Cash Flow Firm Growth		 22.95% 12.45% 32.07% 38.18% 29.45% 123.71% 147.01% 157.06% 215.19% -152.95% -171.50%
Invested Capital Growth		 25.65% 21.43% 10.20% 5.84% 11.81% -21.43% -24.74% -32.83% -47.41% -10.63% -3.52%
Revenue Q/Q Growth		 19.27% -1.65% -8.44% -3.82% -24.53% 98.40% -28.49% 5.08% 19.57% -17.46% 7.39%
EBITDA Q/Q Growth		 -11.61% -10.74% 8.17% 0.00% 29.37% 51.47% 15.53% -164.37% -7.28% 39.21% 65.17%
EBIT Q/Q Growth		 -12.17% -9.81% 6.14% 0.40% 24.93% 43.14% 13.02% -103.65% -5.20% 31.77% 49.69%
NOPAT Q/Q Growth		 -12.06% -9.79% 6.14% 7.35% 14.98% 43.46% 0.91% -70.08% 11.76% 15.26% -5.76%
Net Income Q/Q Growth		 -14.39% -11.27% 4.93% -0.76% 24.50% 32.45% 26.65% -104.95% -5.01% 30.86% 48.71%
EPS Q/Q Growth		 -13.39% -9.72% 6.33% 1.35% 26.03% 37.96% 28.36% -102.08% 1.03% 31.25% 50.00%
Operating Cash Flow Q/Q Growth		 35.56% -26.23% -14.63% 40.58% -16.18% 235.05% -115.89% 134.04% -59.38% -2,719.23% -3.23%
Free Cash Flow Firm Q/Q Growth		 5.29% 0.23% 20.55% 17.65% -8.09% 133.53% 57.54% -0.04% 118.18% -115.41% -112.71%
Invested Capital Q/Q Growth		 -2.15% 1.57% 10.47% -3.60% 3.37% -28.63% 5.81% -13.96% -19.06% 21.28% 14.23%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 -35.68% -46.08% -43.77% -38.95% -44.85% 9.80% 16.61% -15.81% 1.54% 9.33% 8.62%
EBITDA Margin		 -88.41% -99.54% -99.83% -103.80% -97.14% -23.76% -28.06% -70.61% -63.35% -46.66% -15.13%
Operating Margin		 -107.70% -120.23% -123.26% -118.74% -133.75% -38.12% -52.82% -85.50% -63.09% -64.77% -63.79%
EBIT Margin		 -107.55% -120.08% -123.09% -127.46% -126.77% -36.33% -44.19% -85.65% -75.35% -62.29% -29.18%
Profit (Net Income) Margin		 -102.24% -115.67% -120.10% -125.82% -125.86% -42.85% -43.95% -85.73% -75.29% -63.06% -30.12%
Tax Burden Percent		 100.00% 100.00% 100.07% 100.07% 100.00% 100.41% 101.11% 100.36% 100.51% 101.25% 99.52%
Interest Burden Percent		 95.06% 96.33% 97.50% 98.65% 99.28% 117.46% 98.36% 99.73% 99.40% 100.00% 103.72%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -76.72% -97.36% -96.95% -95.73% -97.20% -35.33% -45.48% -82.38% -72.98% -78.10% -71.90%
ROIC Less NNEP Spread (ROIC-NNEP)		 -72.83% -91.93% -90.14% -85.66% -89.87% -28.49% -42.68% -69.92% -48.25% -68.80% -82.48%
Return on Net Nonoperating Assets (RNNOA)		 51.92% 61.21% 51.77% 45.41% 41.98% 14.87% 18.39% 29.35% 17.23% 30.22% 29.34%
Return on Equity (ROE)		 -24.80% -36.15% -45.18% -50.31% -55.23% -20.46% -27.10% -53.03% -55.76% -47.88% -42.55%
Cash Return on Invested Capital (CROIC)		 -134.86% -124.17% -101.22% -100.22% -100.73% -63.44% -38.16% -28.04% -5.53% -69.02% -74.11%
Operating Return on Assets (OROA)		 -22.93% -30.73% -36.12% -39.23% -37.56% -11.22% -14.16% -28.51% -29.83% -22.17% -10.85%
Return on Assets (ROA)		 -21.80% -29.60% -35.24% -38.73% -37.29% -13.23% -14.09% -28.53% -29.81% -22.44% -11.20%
Return on Common Equity (ROCE)		 -24.80% -36.15% -45.18% -50.31% -55.23% -20.46% -27.08% -52.99% -55.67% -47.74% -42.42%
Return on Equity Simple (ROE_SIMPLE)		 -53.39% 0.00% -68.52% -84.94% -93.64% 0.00% -61.80% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1,008 -1,107 -1,039 -963 -818 -463 -459 -780 -688 -583 -617
NOPAT Margin		 -75.39% -84.16% -86.28% -83.12% -93.63% -26.68% -36.98% -59.85% -44.17% -45.34% -44.66%
Net Nonoperating Expense Percent (NNEP)		 -3.89% -5.42% -6.81% -10.07% -7.33% -6.84% -2.81% -12.46% -24.73% -9.30% 10.59%
Return On Investment Capital (ROIC_SIMPLE)		 - -8.15% - - - -4.21% -4.30% -7.42% -7.23% -6.45% -6.95%
Cost of Revenue to Revenue		 135.68% 146.08% 143.77% 138.95% 144.85% 90.20% 83.39% 115.81% 98.46% 90.67% 91.38%
SG&A Expenses to Revenue		 32.46% 34.14% 41.20% 42.83% 48.86% 26.36% 38.71% 38.22% 35.56% 41.14% 39.25%
R&D to Revenue		 39.57% 40.00% 38.29% 36.96% 40.05% 21.57% 30.73% 31.47% 29.08% 32.97% 33.16%
Operating Expenses to Revenue		 72.03% 74.14% 79.49% 79.79% 88.90% 47.92% 69.44% 69.69% 64.63% 74.11% 72.41%
Earnings before Interest and Taxes (EBIT)		 -1,438 -1,579 -1,482 -1,476 -1,108 -630 -548 -1,116 -1,174 -801 -403
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1,182 -1,309 -1,202 -1,202 -849 -412 -348 -920 -987 -600 -209
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.18 2.46 1.30 1.96 1.92 2.07 2.26 2.60 3.52 5.29 4.24
Price to Tangible Book Value (P/TBV)		 2.18 2.46 1.30 1.96 1.92 2.07 2.26 2.60 3.52 5.29 4.24
Price to Revenue (P/Rev)		 6.09 5.07 2.11 2.66 2.49 2.73 2.81 3.06 3.05 4.49 3.38
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 4.01 4.17 1.52 2.46 2.17 3.12 3.25 4.22 6.24 7.64 5.23
Enterprise Value to Revenue (EV/Rev)		 4.39 3.95 1.42 2.20 2.21 2.08 2.27 2.46 2.60 4.19 3.19
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69.35 13.99 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.26 0.48 0.55 0.81 0.93 0.68 0.71 0.73 0.87 0.97 1.00
Long-Term Debt to Equity		 0.26 0.48 0.55 0.81 0.93 0.68 0.71 0.73 0.87 0.97 1.00
Financial Leverage		 -0.71 -0.67 -0.57 -0.53 -0.47 -0.52 -0.43 -0.42 -0.36 -0.44 -0.36
Leverage Ratio		 1.37 1.51 1.63 1.76 1.87 2.05 2.18 2.40 2.68 2.71 2.79
Compound Leverage Factor		 1.30 1.46 1.59 1.73 1.85 2.41 2.15 2.39 2.67 2.71 2.89
Debt to Total Capital		 20.49% 32.65% 35.46% 44.77% 48.10% 40.36% 41.63% 42.19% 46.61% 49.15% 50.07%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 20.49% 32.65% 35.46% 44.77% 48.10% 40.36% 41.63% 42.19% 46.61% 49.15% 50.07%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.08% 0.10% 0.19% 0.31% 0.29%
Common Equity to Total Capital		 79.51% 67.35% 64.54% 55.23% 51.90% 59.60% 58.30% 57.71% 53.20% 50.54% 49.63%
Debt to EBITDA		 -0.54 -0.92 -0.93 -1.13 -1.20 -1.21 -1.58 -1.75 -1.66 -1.56 -1.64
Net Debt to EBITDA		 1.26 1.03 0.72 0.48 0.28 0.89 0.97 1.21 0.99 0.58 0.39
Long-Term Debt to EBITDA		 -0.54 -0.92 -0.93 -1.13 -1.20 -1.21 -1.58 -1.75 -1.66 -1.56 -1.64
Debt to NOPAT		 -0.65 -1.10 -1.09 -1.34 -1.39 -1.35 -1.64 -1.76 -1.86 -1.77 -1.67
Net Debt to NOPAT		 1.54 1.23 0.85 0.57 0.32 0.99 1.01 1.22 1.11 0.65 0.40
Long-Term Debt to NOPAT		 -0.65 -1.10 -1.09 -1.34 -1.39 -1.35 -1.64 -1.76 -1.86 -1.77 -1.67
Altman Z-Score		 1.52 0.87 -0.27 -0.32 -0.68 -0.36 -0.45 -0.60 -0.76 -0.55 -0.94
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.06% 0.09% 0.16% 0.29% 0.32%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.61 4.95 4.71 5.25 5.09 4.70 3.73 3.44 2.71 2.33 2.10
Quick Ratio		 3.57 3.83 3.43 3.89 3.60 3.62 2.72 2.64 2.13 1.80 1.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,853 -1,849 -1,469 -1,210 -1,307 438 691 690 1,506 -232 -494
Operating Cash Flow to CapEx		 -461.58% -371.48% -499.61% -266.43% -316.25% 361.77% -55.62% 13.85% 5.82% -147.08% -188.98%
Free Cash Flow to Firm to Interest Expense		 -33.69 -25.32 -19.58 -16.13 -15.03 2.27 9.59 10.00 21.82 -3.63 -7.60
Operating Cash Flow to Interest Expense		 -15.95 -15.16 -16.92 -10.05 -10.07 6.13 -2.61 0.93 0.38 -10.64 -10.82
Operating Cash Flow Less CapEx to Interest Expense		 -19.40 -19.25 -20.31 -13.83 -13.25 4.44 -7.31 -5.77 -6.10 -17.88 -16.54
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.21 0.26 0.29 0.31 0.30 0.31 0.32 0.33 0.40 0.36 0.37
Accounts Receivable Turnover		 22.05 33.72 18.23 16.97 20.05 16.46 12.50 20.48 27.79 10.80 14.66
Inventory Turnover		 3.57 3.26 3.03 2.98 2.51 2.53 2.03 2.29 2.61 2.73 2.65
Fixed Asset Turnover		 1.01 1.16 1.30 1.31 1.19 1.27 1.26 1.25 1.35 1.19 1.16
Accounts Payable Turnover		 6.33 6.53 6.99 7.97 7.46 8.34 6.32 8.54 9.63 9.59 7.46
Days Sales Outstanding (DSO)		 16.55 10.82 20.02 21.51 18.21 22.18 29.20 17.82 13.14 33.81 24.89
Days Inventory Outstanding (DIO)		 102.31 112.03 120.47 122.37 145.68 143.99 179.60 159.17 139.70 133.73 137.83
Days Payable Outstanding (DPO)		 57.70 55.93 52.23 45.81 48.96 43.78 57.75 42.73 37.88 38.08 48.94
Cash Conversion Cycle (CCC)		 61.16 66.92 88.26 98.07 114.92 122.39 151.05 134.26 114.95 129.46 113.79
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,139 4,204 4,644 4,477 4,628 3,303 3,495 3,007 2,434 2,952 3,372
Invested Capital Turnover		 1.02 1.16 1.12 1.15 1.04 1.32 1.23 1.38 1.65 1.72 1.61
Increase / (Decrease) in Invested Capital		 845 742 430 247 489 -901 -1,149 -1,470 -2,194 -351 -123
Enterprise Value (EV)		 16,608 17,531 7,062 11,016 10,042 10,320 11,350 12,691 15,181 22,549 17,646
Market Capitalization		 23,021 22,468 10,487 13,357 11,313 13,575 14,077 15,752 17,813 24,163 18,677
Book Value per Share		 $11.13 $9.54 $8.25 $6.85 $5.85 $6.43 $5.50 $5.29 $4.17 $3.72 $3.55
Tangible Book Value per Share		 $11.13 $9.54 $8.25 $6.85 $5.85 $6.43 $5.50 $5.29 $4.17 $3.72 $3.55
Total Capital		 13,272 13,572 12,502 12,344 11,367 11,003 10,673 10,515 9,522 9,034 8,871
Total Debt		 2,720 4,431 4,433 5,526 5,468 4,441 4,443 4,436 4,438 4,440 4,442
Total Long-Term Debt		 2,720 4,431 4,433 5,526 5,468 4,441 4,443 4,436 4,438 4,440 4,442
Net Debt		 -6,413 -4,937 -3,425 -2,341 -1,271 -3,259 -2,735 -3,072 -2,650 -1,642 -1,057
Capital Expenditures (CapEx)		 190 298 254 283 277 327 338 462 447 463 372
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 329 458 1,055 1,004 1,165 632 428 -331 -1,238 -1,183 -1,138
Debt-free Net Working Capital (DFNWC)		 9,462 9,826 8,913 8,871 7,904 8,332 7,606 7,177 5,850 4,899 3,692
Net Working Capital (NWC)		 9,462 9,826 8,913 8,871 7,904 8,332 7,606 7,177 5,850 4,899 3,692
Net Nonoperating Expense (NNE)		 359 414 407 495 282 280 87 337 485 228 -201
Net Nonoperating Obligations (NNO)		 -6,413 -4,937 -3,425 -2,341 -1,271 -3,259 -2,735 -3,072 -2,650 -1,642 -1,057
Total Depreciation and Amortization (D&A)		 256 270 280 274 259 218 200 196 187 201 194
Debt-free, Cash-free Net Working Capital to Revenue		 8.70% 10.33% 21.20% 20.02% 25.60% 12.72% 8.55% -6.43% -21.22% -21.96% -20.59%
Debt-free Net Working Capital to Revenue		 250.19% 221.61% 179.08% 176.92% 173.68% 167.65% 151.94% 139.33% 100.26% 90.94% 66.79%
Net Working Capital to Revenue		 250.19% 221.61% 179.08% 176.92% 173.68% 167.65% 151.94% 139.33% 100.26% 90.94% 66.79%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.44) ($1.58) ($1.48) ($1.46) ($1.08) ($0.67) ($0.48) ($0.97) ($0.96) ($0.66) ($0.33)
Adjusted Weighted Average Basic Shares Outstanding		 952M 947M 978M 1.00B 1.01B 1.01B 1.14B 1.16B 1.22B 1.19B 1.25B
Adjusted Diluted Earnings per Share		 ($1.44) ($1.58) ($1.48) ($1.46) ($1.08) ($0.67) ($0.48) ($0.97) ($0.96) ($0.66) ($0.33)
Adjusted Weighted Average Diluted Shares Outstanding		 952M 947M 978M 1.00B 1.01B 1.01B 1.14B 1.16B 1.22B 1.19B 1.25B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 957.72M 977.45M 995.32M 1.01B 1.02B 1.13B 1.15B 1.21B 1.23B 1.24B 1.26B
Normalized Net Operating Profit after Tax (NOPAT)		 -1,008 -1,107 -1,039 -963 -818 -463 -459 -780 -688 -583 -617
Normalized NOPAT Margin		 -75.39% -84.16% -86.28% -83.12% -93.63% -26.68% -36.98% -59.85% -44.17% -45.34% -44.66%
Pre Tax Income Margin		 -102.24% -115.67% -120.02% -125.73% -125.86% -42.68% -43.47% -85.42% -74.90% -62.29% -30.27%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -26.15 -21.63 -19.76 -19.68 -12.74 -3.26 -7.61 -16.17 -17.01 -12.52 -6.20
NOPAT to Interest Expense		 -18.33 -15.16 -13.85 -12.83 -9.41 -2.40 -6.37 -11.30 -9.97 -9.11 -9.49
EBIT Less CapEx to Interest Expense		 -29.60 -25.71 -23.15 -23.45 -15.92 -4.96 -12.31 -22.87 -23.49 -19.75 -11.92
NOPAT Less CapEx to Interest Expense		 -21.78 -19.24 -17.24 -16.61 -12.59 -4.09 -11.06 -18.00 -16.45 -16.35 -15.21
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 1.66% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 1.66% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Rivian Automotive (RIVN) has shown a mix of top-line progress and ongoing profitability challenges across the last four years. Here are the most notable takeaways from the quarterly figures provided, focusing on the latest four years of data and highlighting trends that may matter to retail investors.

  • Gross profit turning positive in late-2025: Q3 2025 gross profit was about $24 million on $1.558 billion in revenue, and Q4 2025 gross profit rose to about $120 million on $1.286 billion in revenue, signaling improved margin generation as of year-end 2025.
  • QoQ revenue rebound into Q3 2025: Revenue rose from $1.303 billion in Q2 2025 to $1.558 billion in Q3 2025, suggesting better demand or mix during that period.
  • Improved operating cash flow in mid-2025: Net cash from continuing operating activities turned positive in Q2 2025 ($64 million) and remained positive in Q3 2025 ($26 million) before dipping in Q4 2025, indicating improving near-term cash generation.
  • Solid liquidity through 2025: Cash & equivalents were consistently strong around $4.4B–$4.8B (e.g., Q1–Q3 2025 levels), providing substantial runway to fund ongoing losses and capital needs.
  • Year-end equity financing added liquidity: Q4 2025 included issuance of common equity raising about $139 million, contributing to cash position and financial flexibility.
  • Top-line volatility persists: Despite quarterly spikes, annual revenue remains volatile with mix and timing effects across quarters (e.g., Q4 2025 revenue of $1.286B vs Q3 2025 $1.558B and prior quarters around $1.2–$1.6B).
  • Elevated operating costs continue to weigh on profits: SGA and R&D remain outsized relative to revenue (for example, Q4 2025 SGA about $529M and RD about $424M; total operating expenses ~$953M), sustaining operating losses.
  • Leverage and deficits remain sizable: Long-term debt around $4.4B and total liabilities near $10.1B in mid-2025, with equity bases that have been depressed by large retained earnings deficits, indicating meaningful leverage and ongoing equity dilution risk.
  • Net income remains materially negative: Across 2025 quarters, Rivian posted sizable losses (e.g., Q4 2025 net income about -$811M; Q3 2025 around -$1.173B), underscoring ongoing profitability challenges.
  • Cash from operations shows year-end weakness: Q4 2025 net cash from continuing operating activities was -$681M, reflecting continued cash burn despite earlier improvements earlier in the year.
06/03/26 09:47 AM ETAI Generated. May Contain Errors.

Rivian Automotive Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rivian Automotive's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Rivian Automotive's net income appears to be on an upward trend, with a most recent value of -$3.65 billion in 2025, rising from -$426 million in 2019. The previous period was -$4.75 billion in 2024. See where experts think Rivian Automotive is headed by visiting Rivian Automotive's forecast page.

Rivian Automotive's total operating income in 2025 was -$3.59 billion, based on the following breakdown:
  • Total Gross Profit: $144 million
  • Total Operating Expenses: $3.73 billion

Over the last 6 years, Rivian Automotive's total revenue changed from $0.00 in 2019 to $5.39 billion in 2025, a change of 538,700,000,000.0%.

Rivian Automotive's total liabilities were at $10.27 billion at the end of 2025, a 16.1% increase from 2024, and a 1,284.1% increase since 2020.

In the past 5 years, Rivian Automotive's cash and equivalents has ranged from $2.98 billion in 2020 to $18.13 billion in 2021, and is currently $3.58 billion as of their latest financial filing in 2025.

Over the last 6 years, Rivian Automotive's book value per share changed from 0.00 in 2019 to 3.72 in 2025, a change of 372.5%.


Related Companies

Financial statements for NASDAQ:RIVN last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Your book attached
Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time throug...
Profits Run | Sponsoredtc pixel
June 12: $100 Turns Into $100,000?
The SpaceX IPO is scheduled for June 12, and former tech executive Jeff Brown - who identified Bitcoin, Tesla,...
Brownstone Research | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
SpaceX just filed. The clock is ticking.
Reuters reports Elon Musk filed secretly. Barron's says it's being finalized behind closed doors. CNBC just re...
The Oxford Club | Sponsoredtc pixel
SpaceX will mint billionaires. You won't be one of them.
By the time a company goes public, 95% of profits have already been made. Insiders bought SpaceX at $20 billio...
Behind the Markets | Sponsoredtc pixel
SpaceX IPO hides a much bigger story
The SpaceX IPO could be the biggest in history at $1.75 trillion - but the real story isn't the IPO itself. ...
Weiss Ratings | Sponsoredtc pixel
Hey, it's Jon Najarian. The SpaceX IPO is right around the corner. But I discovered Elon may have something BIGGER planned. Check this out before June 9th...
After being invited to the SpaceX launch headquarters in Cape Canaveral from one of Elon's top lobbyists… Hall...
Banyan Hill Publishing | Sponsoredtc pixel
Elon’s AI supercomputer just went live. Here’s my #1 stock.
Is Elon about to trigger another 315X opportunity? Elon gave Tesla investors the chance to make more than 3...
InvestorPlace | Sponsoredtc pixel