Filing Flows › Rivian Automotive (RIVN) › Q1 2025
Rivian Automotive (RIVN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Rivian Automotive (RIVN) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -28% from the quarter before. Operating margin was -52.8%, net loss $541M (43.6% of revenue).
Rivian Automotive, Q1 2025: revenue $1.2B (+3% year over year), operating margin -52.8%, net loss $541M, operating cash flow −$188M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -28% | +3% |
| Operating profit | −$655M | — | — |
| Net earnings | −$541M | — | — |
| Operating cash flow | −$188M | — | — |
What changed
Revenue was $1.2B in Q1 2025, up 3% year over year and down 28% from the previous quarter. New electric vehicles was the largest line at 62% of revenue. Software and services added $0.23B year over year (up 261%), 639% of the total change. New electric vehicles declined 31%.
Gross margin was 16.6%. Operating costs exceeded revenue by $0.66B, an operating margin of -52.8%. The quarter ended with a net loss of $0.54B, narrower than the previous quarter's $0.74B loss. Non-operating items added $0.12B, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.19B. Non-cash charges added back $0.20B of depreciation and amortization and $0.19B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.34B exceeded it, leaving free cash flow of −$0.53B.
Questions
What was Rivian Automotive's revenue in the first quarter 2025?
Rivian Automotive (RIVN) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -28% from the quarter before.
Was Rivian Automotive profitable in the first quarter 2025?
Operating loss was $655M (-52.8% of revenue) and net loss $541M.
Source: Rivian Automotive 10-Q on SEC EDGAR.