Rivian Expected to Post Q4 and Full Year 2025 Losses
The make-or-break metric for electric vehicle makers is consistently reporting profits, and analysts predict the beginning of that profitability measurement for Rivian is not coming with its Q4 and full-year earnings reports.
Rivian is schedule to release its fourth quarter and full-year 2025 earnings report just after the stock market closes Feb. 12 at 4 p.m. EST. According to Zacks Inc. analysts, the company will report a loss of $2.59 per share on revenue of $5.4 billion. The loss is a 35.9 percent increase compared to 2024 numbers while revenue remained flat.
For the fourth quarter just ended, Rivian is expected to report a loss of 68 cents per share on revenue of $1.3 billion. Those are down 30.8 percent and 27.2 percent respectively on a year-over-year basis.
However, Rivian’s surprised analysts on a regular basis. Rivian beat analysts’ revenue expectations by 4.9% last quarter. The EV maker’s revenue for Q3 2025 was $1.56 billion, up 78.3% year on year.
“It was a strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates,” according to a MarketBeat report.
What crimped the revenue and earnings numbers? Sales. The company delivered 42,247 vehicles in 2025, which was in line with the company’s expectations, but down from 51,579 vehicles it delivered in 2024.
The company, like so many others, saw sales fall when the federal EV tax credits ended Sept. 30, 2025. When that happened it pulled forward scores of sales that would likely have happened during the final quarter of the year.
Also crimping sales was production as Rivian dedicated a portion of its plant in Normal, Illinois for production of its second family of vehicles, the R2. While not on the road yet, pre-production models are being tested — and shown — across the internet. Now announcement has been made as to when they’ll be available, but with internet influencers being allowed to put the early versions through their paces, it’s safe to assume they are near the release date.
The R2 is expected to start at about $45,000, making it among the more affordable EVs on the market. With sales expected to increase significantly, production volumes must follow. Investors will then be looking hard for the economies of scale the company needs to cut costs and perhaps move into the black this year, according to a Seeking Alpha report.
[Images: Rivian]
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Michael Strong has spent more than 25 years writing about the automotive industry. A Detroit-area native, he’s written about everything from local car shows to product reviews to financial news. Currently he writes and edits for a variety of national and local publications. He’s also a longtime member of the Automotive Press Association and the International Motor Press Association, and a graduate of Georgia Southern University. Hail Southern! Despite a love for ’70s land yachts and BMWs from the late ’80s and early ’90s, his personal vehicle is neither of those.
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The R2 is getting good early reviews and it seems like a good product. It will come down to price however. If they can actually sell it decently equipped for $45K, it will fly off the lots.
I'm skeptical however. I predict early production will be highly optioned models selling for closer $65K or more. You'll be able to order the $45K one, but delivery will be the 12th of never.
I hope I'm wrong though. I'd like to see Rivian succeed. I much prefer to boxy SUV look to the jelly bean design of the Tesla Model Y, which looks more like a minivan to my eye.
Eventually they will build out all the vans Amazon needs and then it'll be adios.