NASDAQ : RIVN
Rivian Automotive, Inc. — Financial statements
Consumer Discretionary · Auto Manufacturers · United States
Last price 11.45 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 16.58B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Rivian Automotive, Inc. (RIVN) reported revenue of 6.48B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.48B | 5.39B | 4.97B | 4.43B | 1.66B | 55.00M |
| Cost of Revenue | 5.89B | 5.24B | 6.17B | 6.46B | 4.78B | 520.00M |
| Gross Profit | 594.00M | 144.00M | -1.20B | -2.03B | -3.12B | -465.00M |
| Selling, General & Admin | 2.19B | 2.06B | 1.88B | 1.71B | 1.79B | 1.24B |
| Research & Development | 1.83B | 1.67B | 1.61B | 2.00B | 1.94B | 1.85B |
| Other Operating Expenses | 663.00M | |||||
| Operating Expenses | 4.03B | 3.73B | 3.49B | 3.71B | 3.73B | 3.75B |
| Operating Income | -3.43B | -3.58B | -4.69B | -5.74B | -6.86B | -4.22B |
| Interest Expense | -271.00M | -274.00M | -318.00M | -220.00M | -103.00M | -29.00M |
| Interest & Investment Income | 217.00M | 293.00M | 385.00M | 522.00M | 193.00M | 3.00M |
| Other Non Operating Income (Expenses) | 115.00M | -54.00M | -7.00M | 6.00M | 18.00M | -442.00M |
| EBT Excluding Unusual Items | -3.37B | -3.62B | -4.63B | -5.43B | -6.75B | -4.69B |
| Other Unusual Items | -112.00M | |||||
| Pretax Income | -2.96B | -3.62B | -4.74B | -5.43B | -6.75B | -4.69B |
| Income Tax Expense | -1.00M | 6.00M | 5.00M | 1.00M | 4.00M | |
| Earnings From Continuing Operations | -2.96B | -3.63B | -4.75B | -5.43B | -6.75B | -4.69B |
| Minority Interest in Earnings | -9.00M | -20.00M | -1.00M | |||
| Net Income | -2.97B | -3.65B | -4.75B | -5.43B | -6.75B | -4.69B |
| Net Income to Common | -2.97B | -3.65B | -4.75B | -5.43B | -6.75B | -4.69B |
| Shares Outstanding (Basic) | 1.31B | 1.19B | 1.01B | 947.00M | 913.00M | 204.00M |
| Shares Outstanding (Diluted) | 1.31B | 1.19B | 1.01B | 947.00M | 913.00M | 204.00M |
| EPS (Basic) | -2.26 | -3.07 | -4.69 | -5.74 | -7.40 | -22.98 |
| EPS (Diluted) | -2.26 | -3.07 | -4.69 | -5.74 | -7.40 | -22.98 |
| Free Cash Flow | -4.19B | -2.49B | -2.86B | -5.89B | -6.42B | -4.42B |
| Free Cash Flow Per Share | -3.19 | -2.10 | -2.82 | -6.22 | -7.03 | -21.65 |
| Gross Margin | 9.17% | 2.67% | -24.14% | -45.78% | -188.36% | |
| Operating Margin | -52.95% | -66.55% | -94.35% | -129.43% | -413.51% | -7,672.73% |
| Profit Margin | -45.88% | -67.68% | -95.51% | -122.51% | -407.24% | -8,523.64% |
| Free Cash Flow Margin | -64.69% | -46.20% | -57.48% | -132.88% | -387.27% | -8,029.09% |
| EBITDA | -2.55B | -2.80B | -3.66B | -4.80B | -6.20B | -4.02B |
| EBITDA Margin | -39.32% | -52.00% | -73.60% | -108.30% | ||
| D&A For EBITDA | 883.00M | 784.00M | 1.03B | 937.00M | 652.00M | 197.00M |
| EBIT | -3.43B | -3.58B | -4.69B | -5.74B | -6.86B | -4.22B |
| EBIT Margin | -52.95% | -66.55% | -94.35% | -129.43% | ||
| Revenue as Reported | 6.48B | 5.39B | 4.97B | 4.43B | 1.66B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.51B | 3.58B | 5.29B | 7.86B | 11.57B | 18.13B |
| Short-Term Investments | 1.99B | 2.50B | 2.41B | 1.51B | ||
| Cash & Short-Term Investments | 5.50B | 6.08B | 7.70B | 9.37B | 11.57B | 18.13B |
| Accounts Receivable | 596.00M | 555.00M | 443.00M | 161.00M | 102.00M | 26.00M |
| Receivables | 596.00M | 555.00M | 443.00M | 161.00M | 102.00M | 26.00M |
| Inventory | 1.78B | 1.59B | 2.25B | 2.62B | 1.35B | 274.00M |
| Other Current Assets | 259.00M | 361.00M | 192.00M | 164.00M | 112.00M | 126.00M |
| Total Current Assets | 8.14B | 8.59B | 10.58B | 12.31B | 13.13B | 18.56B |
| Property, Plant & Equipment | 6.38B | 5.69B | 4.38B | 4.23B | 4.09B | 3.41B |
| Other Long-Term Assets | 526.00M | 582.00M | 446.00M | 235.00M | 658.00M | 324.00M |
| Total Assets | 15.73B | 14.86B | 15.41B | 16.78B | 17.88B | 22.29B |
| Accounts Payable | 1.04B | 595.00M | 499.00M | 981.00M | 1.00B | 483.00M |
| Accrued Expenses | 752.00M | 669.00M | 419.00M | 882.00M | 889.00M | 356.00M |
| Current Portion of Leases | 122.00M | 113.00M | 100.00M | 88.00M | 68.00M | 163.00M |
| Current Unearned Revenue | 1.19B | 1.28B | 552.00M | 88.00M | 37.00M | |
| Other Current Liabilities | 636.00M | 1.04B | 681.00M | 448.00M | 430.00M | 311.00M |
| Total Current Liabilities | 3.74B | 3.69B | 2.25B | 2.49B | 2.42B | 1.31B |
| Long-Term Debt | 4.45B | 4.44B | 4.44B | 4.43B | 1.23B | 1.23B |
| Long-Term Leases | 863.00M | 642.00M | 464.00M | 400.00M | 311.00M | 218.00M |
| Long-Term Unearned Revenue | 515.00M | 1.07B | 1.29B | 133.00M | 32.00M | |
| Other Long-Term Liabilities | 445.00M | 429.00M | 404.00M | 186.00M | 79.00M | 23.00M |
| Total Liabilities | 10.01B | 10.27B | 8.85B | 7.64B | 4.08B | 2.78B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 34.81B | 31.51B | 29.87B | 27.70B | 26.93B | 25.89B |
| Retained Earnings | -29.11B | -26.95B | -23.30B | -18.56B | -13.13B | -6.37B |
| Comprehensive Income & Other | -3.00M | 8.00M | -4.00M | 3.00M | -2.00M | |
| Total Common Equity | 5.69B | 4.57B | 6.56B | 9.14B | 13.80B | 19.51B |
| Minority Interest | 27.00M | 28.00M | 4.00M | |||
| Shareholders' Equity | 5.72B | 4.59B | 6.56B | 9.14B | 13.80B | 19.51B |
| Total Liabilities & Equity | 15.73B | 14.86B | 15.41B | 16.78B | 17.88B | 22.29B |
| Total Debt | 5.43B | 5.20B | 5.00B | 4.92B | 1.61B | 1.61B |
| Net Cash (Debt) | 71.00M | 887.00M | 2.69B | 4.45B | 9.96B | 16.53B |
| Net Cash Per Share | 0.05 | 0.75 | 2.66 | 4.70 | 10.91 | 81.01 |
| Filing Date Shares Outstanding | 1.46B | 1.24B | 1.13B | 977.45M | 927.09M | 900.55M |
| Total Common Shares Outstanding | 1.46B | 1.24B | 1.13B | 968.00M | 926.00M | 900.32M |
| Working Capital | 4.40B | 4.90B | 8.33B | 9.83B | 10.71B | 17.25B |
| Book Value Per Share | 3.90 | 3.68 | 5.80 | 9.44 | 14.90 | 21.67 |
| Tangible Book Value | 5.69B | 4.57B | 6.56B | 9.14B | 13.80B | 19.51B |
| Tangible Book Value Per Share | 3.90 | 3.68 | 5.80 | 9.44 | 14.90 | 21.67 |
| Land | 1.75B | 1.26B | 1.08B | 972.00M | 636.00M | 429.00M |
| Machinery | 6.64B | 4.85B | 4.54B | 3.58B | 2.87B | 2.04B |
| Construction In Progress | 463.00M | 1.71B | 621.00M | 698.00M | 843.00M | 760.00M |
| Leasehold Improvements | 713.00M | 634.00M | 502.00M | 417.00M | 297.00M | 191.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.97B | -3.65B | -4.75B | -5.43B | -6.75B | -4.69B |
| Depreciation & Amortization | 883.00M | 784.00M | 1.03B | 937.00M | 652.00M | 197.00M |
| Loss (Gain) on Equity Investments | -101.00M | -101.00M | ||||
| Stock-Based Compensation | 824.00M | 741.00M | 692.00M | 821.00M | 987.00M | 570.00M |
| Other Operating Activities | 87.00M | 3.00M | 141.00M | 222.00M | 1.00B | 1.22B |
| Change in Accounts Receivable | -423.00M | -112.00M | -282.00M | -59.00M | -76.00M | -20.00M |
| Change in Inventory | -361.00M | 522.00M | 307.00M | -1.60B | -1.66B | -369.00M |
| Change in Accounts Payable | 351.00M | 571.00M | -572.00M | 105.00M | 623.00M | 461.00M |
| Change in Unearned Revenue | -629.00M | 503.00M | 1.62B | 149.00M | 61.00M | |
| Change in Other Net Operating Assets | 118.00M | -44.00M | 95.00M | -5.00M | 108.00M | 12.00M |
| Operating Cash Flow | -2.63B | -779.00M | -1.72B | -4.87B | -5.05B | -2.62B |
| Capital Expenditures | -1.56B | -1.71B | -1.14B | -1.03B | -1.37B | -1.79B |
| Investment in Securities | 592.00M | -118.00M | -839.00M | -1.49B | ||
| Investing Cash Flow | -1.08B | -1.83B | -1.98B | -2.51B | -1.37B | -1.79B |
| Long-Term Debt Issued | 1.25B | 1.00B | 3.19B | 3.73B | ||
| Long-Term Debt Repaid | -1.25B | |||||
| Net Debt Issued (Repaid) | 1.00B | 3.19B | 3.73B | |||
| Issuance of Common Stock | 2.68B | 811.00M | 62.00M | 60.00M | 102.00M | 16.19B |
| Other Financing Activities | 101.00M | 75.00M | 74.00M | -125.00M | -3.00M | -86.00M |
| Financing Cash Flow | 2.79B | 886.00M | 1.14B | 3.13B | 99.00M | 19.83B |
| Foreign Exchange Rate Adjustments | -3.00M | 6.00M | -3.00M | 5.00M | -2.00M | |
| Net Cash Flow | -932.00M | -1.72B | -2.56B | -4.24B | -6.32B | 15.41B |
| Free Cash Flow | -4.19B | -2.49B | -2.86B | -5.89B | -6.42B | -4.42B |
| Free Cash Flow Margin | -64.69% | -46.20% | -57.48% | -132.88% | -387.27% | -8,029.09% |
| Free Cash Flow Per Share | -3.19 | -2.10 | -2.82 | -6.22 | -7.03 | -21.65 |
| Levered Free Cash Flow | -2.19B | -794.88M | -2.73B | -4.33B | -4.01B | -3.48B |
| Unlevered Free Cash Flow | -2.02B | -623.62M | -2.53B | -4.19B | -3.94B | -3.46B |
| Cash Interest Paid | 169.00M | 169.00M | 279.00M | 222.00M | 88.00M | 2.00M |
| Change in Working Capital | -944.00M | 1.44B | 1.17B | -1.41B | -941.00M | 84.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.75B | 24.16B | 13.57B | 22.47B | 16.97B | 93.35B |
| Enterprise Value | 17.68B | 22.29B | 12.88B | 16.58B | 5.46B | 99.28B |
| Last Close Price | 12.16 | 19.71 | 13.30 | 23.46 | 18.43 | 103.69 |
| PS Ratio | 2.74 | 4.49 | 2.73 | 5.07 | 10.24 | 1,697.34 |
| PB Ratio | 3.12 | 5.26 | 2.07 | 2.46 | 1.23 | 4.78 |
| P/TBV Ratio | 3.12 | 5.29 | 2.07 | 2.46 | 1.23 | 4.78 |
| EV/Sales Ratio | 2.73 | 4.14 | 2.59 | 3.74 | 3.29 | 1,805.14 |
| Debt / Equity Ratio | 0.95 | 1.13 | 0.76 | 0.54 | 0.12 | 0.08 |
| Net Debt / Equity Ratio | -0.01 | -0.19 | -0.41 | -0.49 | -0.72 | -0.85 |
| Net Debt / EBITDA Ratio | 0.03 | 0.32 | 0.74 | 0.93 | 1.60 | 4.11 |
| Net Debt / FCF Ratio | 0.02 | 0.36 | 0.94 | 0.76 | 1.55 | 3.74 |
| Asset Turnover | 0.42 | 0.36 | 0.31 | 0.26 | 0.08 | 0.00 |
| Inventory Turnover | 3.44 | 2.73 | 2.54 | 3.26 | 5.89 | |
| Quick Ratio | 1.63 | 1.80 | 3.62 | 3.83 | 4.81 | 13.83 |
| Current Ratio | 2.17 | 2.33 | 4.70 | 4.95 | 5.42 | 14.13 |
| Return on Equity (ROE) | -54.88% | -65.00% | -60.45% | -47.36% | -40.54% | -40.11% |
| Return on Assets (ROA) | -13.86% | -14.80% | -18.21% | -20.70% | -21.33% | -19.61% |
| Return on Capital Employed (ROCE) | -28.60% | -32.10% | -35.60% | -40.20% | -44.40% | -20.10% |
| Earnings Yield | -18.61% | -15.09% | -34.97% | -24.18% | -39.78% | -5.02% |
| FCF Yield | -23.62% | -10.30% | -21.05% | -26.22% | -37.83% | -4.73% |
| Buyback Yield / Dilution | -14.94% | -17.08% | -6.97% | -3.72% | -347.55% | -101.98% |