Rivian Reports Mixed Q2 Earnings amid Stagnating Deliveries
Rivian Automotive (NASDAQ: RIVN) announced its second-quarter earnings on August 5, reporting a revenue increase of 13% year-over-year to $1.3 billion, surpassing analysts’ expectations by $10 million. However, total deliveries fell by 23% to 10,661 vehicles, and as a result, the company produced just 5,979 vehicles in the quarter, a 38% year-over-year decline.
Despite narrowing its net loss from $1.5 billion to $1.1 billion, Rivian’s loss of $0.80 per share missed consensus estimates by $0.16. The company expects to deliver 40,000 to 46,000 vehicles in 2025 while analysts project revenue growth of 6% to $5.29 billion as it faces ongoing supply chain challenges and rising tariffs, alongside upgrades to production lines for the upcoming R2 SUV launch in 2026.
At the end of Q2, Rivian reported $8.52 billion in total liquidity, including $7.51 billion in cash, which is expected to support its production ramp-up and business expansion efforts despite a current stock trading 30% below its 52-week high of $17.15.
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