Rivian posts $170 million 'gross profit' in Q4, sees losses decreasing as variable costs improve
Published On Feb 21, 2025, 4:51 AM
Rivian reported a gross profit of $170 million in Q4 2024, with improvements in variable costs, revenue per delivery, and fixed costs. The company experienced a smaller-than-expected loss for the full year and reduced its projected losses for 2025. Rivian plans to deliver between 46,000 and 51,000 vehicles in 2025, and it highlights cost efficiency in its upcoming mass-market product, the R2 SUV. Despite positive earnings, Rivian's stock fell slightly in pre-market trading following the announcement.
Stock Forecasts
RIVN
Positive
The results show Rivian's improving operational efficiency and a path towards profitability, especially with a successful upcoming product in the R2 SUV. However, seasonality and a drop in deliveries early in the year could temper enthusiasm in the short-term. The company's cash position, though decreased, remains substantial.
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