Rivian GAAP EPS of -$0.96 misses by $0.10, revenue of $1.56B beats by $50M

Rivian press release (RIVN): Q3 GAAP EPS of -$0.96 misses by $0.10.
Revenue of $1.56B (+78% Y/Y) beats by $50M.
$1,142 million of automotive revenues, a 47 percent increase over the same quarter of the previous year, driven by increased vehicle deliveries and increased average selling prices.
$416 million of software and services revenue, a 324 percent increase over the same quarter of the previous year, primarily due to vehicle electrical architecture and software development services that were not performed last year.
Production and Deliveries
- 10,720 vehicles produced at Rivian’s manufacturing facility in Normal, Illinois.
- 13,201 vehicles delivered to customers, which is expected to be the highest delivery quarter for the year, as previously stated.
2025 Annual Guidance Summary

Current outlook

Vehicles Delivered

41,500 – 43,500

Adj. EBITDA

($2,000) million – ($2,250) million

Capital Expenditures

$1,800 million – $1,900 million