economy
February 12, 2026
Rivian stock rises 15% as automaker tops Q4 expectations, targets significant production increase
Rivian's 2026 guidance includes increasing vehicle deliveries to between 62,000 and 67,000 units, which would be up by 47% to 59% compared to 2025.
TL;DR
- Rivian beat Wall Street's fourth-quarter expectations.
- The automaker aims for a significant increase in vehicle deliveries in 2026, targeting 62,000 to 67,000 units.
- The launch of the R2 SUV in the second quarter is expected to drive delivery growth.
- Rivian projects adjusted pre-tax losses between $1.8 billion and $2.1 billion for 2026.
- Capital expenditures for 2026 are estimated between $1.95 billion and $2.05 billion.
- The company reported a Q4 loss per share of 54 cents, better than the expected 68 cents.
- Q4 revenue was $1.29 billion, exceeding the expected $1.26 billion.
- Full-year 2025 revenue was $1.7 billion, an 8% increase compared to 2024.
- Rivian achieved a gross profit of $144 million for 2025, with $120 million in Q4.
- The software and services joint venture with Volkswagen helped offset automotive business losses.
- Full-year net loss improved to $3.6 billion from $4.75 billion in 2024.
- Rivian ended Q4 with $6.59 billion in total liquidity, including nearly $6.1 billion in cash and investments.
- Shares rose approximately 15% in after-hours trading.
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