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Rivian Automotive, Inc.
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$17.5B
Market Cap
—
P/E
—
PEG
-100.0%
ROCE
-65.0%
ROE
1.13
D/E
-66.6%
OPM
-36.2%
% from 52W High
61
α RS
🔍 RIVN is showing a sector-leadership setup because Sector RRG has Consumer Discretionary in the Leading quadrant with the trail still strengthening, it matches 2 of 39 tracked screener presets, and RS Rating is 61. The main caution: the Margin Expansion preset's Backtest win rate is only 39.4%. Net: Mixed signal stack, not a recommendation. ? RRG Conviction RS Rating Backtest
Sources
Consumer Discretionary in Leading quadrant · Conviction 2/39 · RS Rating 61 · Backtest win rate 39.4%
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Currency-adjusted total returns for RIVN including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Rivian Automotive, Inc., together with its subsidiaries, develops, manufactures, and sells category-defining electric vehicles. It operates through two segments, Automotive, and Software and Services. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand; and a three-row, seven-passenger sport utility vehicle under the R1S name. It also provides software and services, such as vehicle electrical architecture and software development, as well as Autonomy+, remarketing, vehicle repair and maintenance services, software subscriptions, vehicle accessories, financing, insurance, and other services. In addition, the company designs, develops, and manufactures the Rivian Adventure Network Direct Current fast chargers; and FleetOS, a proprietary, end-to-end centralized fleet management subscription platform. Further, it offers Rivian Commercial Van platform for Electric Delivery Van with collaboration with Amazon.com, Inc. Rivian Automotive, Inc. was founded in 2009 and is based in Irvine, California.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding RIVN
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 10.92M $164.3M 0.26% Mar 2026
Steve Cohen Point72 Asset Management 43.04M $41.3M 0.05% Mar 2026
Steve Cohen Point72 Asset Management 14.26M $15.3M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$1.658B
+27% YoY
Gross Profit
$179M
+$385M YoY
Deliveries
12,194 vehicles
+14% YoY
Adjusted EBITDA Loss
-$379M
Not disclosed YoY
What Went Right
  • Began external R2 deliveries in June and set a record with 57,000 demo drives in Q2.
  • Deliveries of 12,194 topped guidance of 9,000-11,000; full-year delivery guidance raised by 3,000 units.
  • Consolidated gross profit turned positive at $179M, with software/services gross margin at 42%.
What to Watch
  • R2 ramp added ~$100M in incremental cost of revenue in Q2; Q3 auto gross profit will still be pressured.
  • Management flagged rising raw material, memory and logistics costs plus geopolitical supply-chain uncertainty.
  • Second-half EBITDA loss is expected to be steeper due to the absence of regulatory credits and continued investment spend.
Management Guidance
  • Full-year 2026 deliveries guided to 65,000-70,000 vehicles, up 3,000 units from prior guidance.
  • 2026 adjusted EBITDA loss guided to -$2.0B to -$1.8B.
  • 2026 capital expenditure guidance reduced by $250M at midpoint to $1.7B-$1.8B.
  • Company expects positive automotive gross profit at the Q4 2026 exit rate.
Investor Lens
The R2 launch is the main near-term catalyst and early conversion trends are better than expected, supporting a stronger investment thesis. That said, profitability inflection is still dependent on Q4 ramp execution and fixed-cost leverage. Liquidity has been bolstered by the July equity raise and expected VW/Uber capital, but the company is still burning cash. The path to sustainable positive gross margin remains the key variable to watch into 2027.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Q2 revenue up 27% to $1.66B as R2 deliveries begin.
Revenue
Consolidated revenue was $1.658B, up 27% YoY. Automotive revenue grew 23% to $1.143B on 14% higher deliveries and a $103M increase in regulatory credits. Software and services revenue rose 37% to $515M, with 60% attributable to the Volkswagen joint venture.
Profitability
Net income and EPS were not disclosed on the call. Consolidated gross profit was $179M, a $385M improvement YoY, while adjusted EBITDA loss narrowed to $379M.
Margins
Consolidated gross margin was 11%. Automotive gross loss was $36M, improving $299M YoY, and software/services gross margin was 42%.
Balance Sheet
Quarter-end cash and short-term investments were ~$5.3B. In July, the company raised ~$1.3B from a follow-on equity offering and expects $1B in VW non-recourse debt and $250M from Uber later this year, bringing total available liquidity and targeted future capital to over $14B.
Key Risks
Management flagged R2 ramp complexity, including supplier readiness and second-shift scaling, as a key near-term risk. Rising commodity, memory and logistics costs are also pressuring margins, and the absence of H2 regulatory credits will weigh on results.
Outlook
The company reiterated a positive automotive gross profit exit rate for Q4 2026, with Q3 still absorbing R2 ramp inefficiencies. Full-year deliveries are guided to 65,000-70,000 and adjusted EBITDA loss to -$2.0B to -$1.8B.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Q2 saw strong R2 launch momentum, record demo drives, and robust revenue growth. Guidance was raised for 2026 deliveries, with positive gross profit expected by year-end as R2 scales. Liquidity exceeds $14B, and investments in autonomy and AI remain a strategic focus.
Q1 2026 Q1 2026 2026-04-30
Q1 revenue rose 11% YoY to $1.4B, with strong software/services growth and R2 production ramping. Guidance for 2026 deliveries and EBITDA loss is unchanged, supported by $4.5B DOE loan and new partnerships. R2 and autonomy investments are key to long-term profitability.
Q4 2025 Q4 2025 2026-02-12
2025 saw a major turnaround to positive gross profit, driven by operational improvements and strong software and services growth, with R2 set to launch in 2026 targeting the mass market. Guidance calls for 62,000-67,000 vehicle deliveries and further gross profit gains, despite near-term launch complexity.
Q3 2025 Q3 2025 2025-11-04
Q3 revenue reached $1.6B with a $24M gross profit and $602M adjusted EBITDA loss. R2 launch preparations and manufacturing expansion are on track, with strong progress in cost reduction and a robust cash position. Guidance for 2025 deliveries and profitability is reaffirmed.
Q2 2025 Q2 2025 2025-08-05
Q2 saw strong software/services growth and a $1B Volkswagen investment, but lower production led to higher losses. R2's cost structure is set for improved margins, with 2025 guidance unchanged despite policy headwinds and reduced regulatory credit sales.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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