RIVNNasdaqMotor Vehicles & Passenger Car BodiesUS GAAP · USD

Rivian Automotive, Inc. / DE

Rivian Automotive is a U.S.-based automotive technology company that designs and manufactures electric vehicles and related software-enabled services. Its business spans consumer and commercial vehicles, with production in the United States and direct sales to customers rather than through franchised dealerships.

Kysy yhtiöstä
Liikevaihto5 387milj. USD
+8,4 %v/v
Liikevoitto (EBIT)−3 585milj. USD
+23,5 %v/v
EBIT-marginaali−66,5%
+27,8 %-yks.v/v
Nettotulos−3 646milj. USD
+23,2 %v/v
Vapaa kassavirta−2 489milj. USD
+12,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−7 500−5 000−2 50002 5005 0007 500milj. USD2020: 0,00 milj. USD2020: EBIT −1 021 milj. USD20202021: 55 milj. USD2021: EBIT −4 220 milj. USD20212022: 1 658 milj. USD2022: EBIT −6 856 milj. USD20222023: 4 434 milj. USD2023: EBIT −5 739 milj. USD20232024: 4 970 milj. USD2024: EBIT −4 689 milj. USD20242025: 5 387 milj. USD2025: EBIT −3 585 milj. USD20255 387−3 585
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Consumer vehicles55 %

R1T pickup trucks and R1S SUVs sold directly to retail customers.

Commercial vehicles20 %

Electric vans and fleet vehicles sold to business customers.

Software and subscriptions10 %

Connected services, Autonomy+, Connect+, and FleetOS subscriptions.

Services and remarketing10 %

Repair, maintenance, used vehicle sales, financing, and insurance.

Charging and accessories5 %

Charging infrastructure and vehicle-related gear and accessories.

Tuotteet

Raportoitu · osuus liikevaihdosta
67,6%28,8%FY2025100 %
  • Vehicles67,6 %
  • Software and Services Revenue28,8 %
  • Regulatory Credits3,7 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Rivian sells directly to individual consumers who want electric adventure-oriented vehicles, especially the R1T pickup and R1S SUV. It also serves commercial and fleet customers that buy electric vans and fleet software to reduce operating complexity and total cost of ownership. In addition, Rivian monetizes owners through subscriptions, service, charging, remarketing, and financing-related offerings.

Consumer vehicle buyers

Households buying R1T and R1S vehicles for personal use, utility, and adventure-oriented driving.

Commercial fleet customers

Businesses and fleet operators buying electric vans and fleet software to improve uptime and TCO.

Software subscribers

Owners paying for Connect+, Autonomy+, and FleetOS-related digital services.

Service and remarketing customers

Existing owners and used-vehicle buyers using repair, maintenance, trade-in, and resale channels.

Strategia

Rivian’s strategy centers on combining vehicle hardware, software, autonomy, and services into a vertically integrated platform. It is also extending its technology through the Volkswagen joint venture while preparing next-generation midsize products and additional manufacturing capacity.

Launch and scale the midsize platformKeskipitkä aikaväli

Broadens the addressable market beyond flagship R1 vehicles and supports volume growth.

Monetize software and autonomyKeskipitkä aikaväli

Adds recurring revenue and differentiates the vehicle platform through connected features.

Expand services around the vehicle lifecycleLyhyt aikaväli

Increases customer retention and captures value after the initial vehicle sale.

Use the Volkswagen joint venture to commercialize technologyKeskipitkä aikaväli

Creates a path to externalize Rivian’s software and electrical architecture.

Maantiede

Rivian manufactures its vehicles in the United States and sells primarily in North America through a direct-to-customer model. Its charging network is operated at sites across North America, and the company’s software and technology platform is intended to support broader global vehicle programs through the Volkswagen joint venture.

Riskit

Rivian faces execution risk in scaling manufacturing, supply chain, and new vehicle launches while maintaining quality and reliability. Its direct-sales model, software-dependent vehicles, and advanced driver assistance features also expose it to regulatory, cybersecurity, warranty, and technology integration risks.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Manufacturing and supply chain execution1Direct sales and service model risk2Software and OTA update failures3Cybersecurity and data protection4Warranty and field actions5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Manufacturing and supply chain executionVaikutus: KorkeaTodennäköisyys: Korkea

    Vehicle production depends on complex parts sourcing, plant utilization, and process stability.

    Kohdistuu: Normal Factory and future U.S. capacity expansion

  2. Direct sales and service model riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company sells and services vehicles outside the traditional dealer franchise system.

    Kohdistuu: State-by-state legal and regulatory environment

  3. Software and OTA update failuresVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Vehicles rely on software stacks that can introduce bugs or unintended consequences if updates fail.

    KohdistuuConnected vehiclesAutonomy featuresFleetOS
  4. Cybersecurity and data protectionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Unauthorized access to vehicle systems or customer data could create safety, legal, and reputational harm.

    KohdistuuVehiclesCloud systemsThird-party providers
  5. Warranty and field actionsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    New vehicle cohorts require estimates for defects, repairs, and potential recalls.

    Kohdistuu: R1 and future MSP platforms

Kirjanpito

Harkinnanvaraiset erät
Warranty and field service reserves

Estimates depend on limited claims history for newer vehicle cohorts and can materially affect cost of sales.

Vaikutus: Higher or lower reserve assumptions change reported margins and liabilities.

Revenue recognition across vehicles and software

Different offerings recognize revenue at delivery, over time, or as services are provided.

Vaikutus: Timing differences affect quarterly comparability and deferred revenue balances.

Joint venture accounting and deferred revenue

The Volkswagen-related arrangement includes service revenue and deferred amounts tied to milestones.

Vaikutus: Can shift revenue recognition between periods and affect segment results.

Capitalized production and facility investments

Large plant and platform investments create depreciation and impairment considerations.

Vaikutus: Affects operating expense allocation and long-lived asset carrying values.

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Päivitetty: 24.9.2026