Rivian Automotive, Inc. (RIVN) reported a gross profit of $206 million in Q1 2025, marking its second consecutive quarter of positive gross profit and the highest gross margin to date. This is a significant improvement compared to a gross loss of $527 million in Q1 2024 and a gross profit of $170 million in Q4 2024. The company attributes this success to enhanced cost efficiency and increased revenue per vehicle.
Rivian has formed a joint venture with Volkswagen Group, Rivian and VW Group Technology, LLC, and expects to secure $1 billion in funding by the end of June 2025. The company’s outlook remains positive, anticipating continued gross profit for the full year and quicker profitability with the planned launch of the R2 vehicle in the first half of 2026.
In contrast, Tesla (TSLA) reported a gross profit of $3.15 billion in Q1 2025, down from $3.7 billion a year earlier, while Lucid (LCID) incurred a gross loss of $228.5 million, although it improved its gross margin significantly from negative 134.3% to negative 97.2% year-over-year.
