Rivian Q2 Revenue Hits $1.66B, Gross Profit Swings to $179M as R2 Deliveries Begin
RIVN sits 46% above its 52-week low of $11.57.
Summary
Rivian delivered a strong Q2 with revenue of $1.658 billion, up 27% year-over-year, and a consolidated gross profit of $179 million—a $385 million improvement from last year. Automotive gross loss narrowed to just $(36) million, driven by higher volumes and regulatory credits. The quarter marked the start of R2 external deliveries, a critical milestone for the mass-market SUV, alongside record demo drives. Software and services revenue surged 37% to $515 million, with 60% from the VW joint venture. Cash stood at $5.3 billion after a $1.3 billion equity raise in July, and the company highlighted over $14 billion in total liquidity runway including DOE loan and expected VW/Uber investments. The near-breakeven automotive gross margin and R2 launch signal a potential inflection point for profitability.
At the time of this announcement, RIVN was trading at $16.92 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $24.4B. The 52-week trading range was $11.57 to $22.69. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.