Rivian Reports Releases Q4 and Full-Year 2024 Financial Results, Sets Positive Outlook for 2025

February 20, 2025 10:36 PM PST | By Team Kalkine Media

Rivian Reports Releases Q4 and Full-Year 2024 Financial Results, Sets Positive Outlook for 2025 — Image source: Shutterstock

Revenue Growth & Vehicle Production

Rivian achieved record revenue in Q4 2024, fueled by the sale of regulatory credits, increasing software and service revenue, and higher average selling prices for the R1 lineup due to the introduction of its Tri-Motor variant.

On the production front, Rivian built 12,727 vehicles at its Normal, Illinois facility in Q4, while delivering 14,183 units. For the full year, production totaled 49,476 vehicles, with 51,579 delivered. The company’s production capacity and efficiency improvements are expected to support future scalability.

Strategic Partnerships and Investments

A major highlight for Rivian in Q4 2024 was the completion of its joint venture with Volkswagen Group, known as Rivian and Volkswagen Group Technology. The deal, valued at up to $5.8 billion, includes $3.5 billion in proceeds expected over the next several years. The partnership will focus on developing next-generation electrical architecture and advanced software technology for upcoming EVs, starting with the highly anticipated Rivian R2.

Additionally, Rivian secured a loan agreement with the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) worth up to $6.6 billion. This capital will facilitate the construction of a new manufacturing facility in Georgia, projected to generate approximately 7,500 jobs. The financial backing from the Volkswagen deal, the DOE loan, and Rivian’s existing cash reserves is expected to provide stability for the company as it ramps up production of the R2 in Illinois and advances its midsize platform in Georgia.

Commercial Van Expansion

Rivian’s commercial electric van program also saw impressive growth in 2024. Over 1 billion Amazon packages were delivered in the U.S. using Rivian Electric Delivery Vans (EDVs). In February 2025, Rivian expanded sales of its commercial van to fleets of all sizes, increasing accessibility beyond Amazon. The Rivian Commercial Van, designed with safety, cost efficiency, and sustainability in mind, is expected to be a major player in the electric logistics market.

Outlook for 2025

Rivian has provided its 2025 guidance, forecasting vehicle deliveries between 46,000 and 51,000 units. The company expects an adjusted EBITDA loss of $1.7 billion to $1.9 billion, with capital expenditures estimated between $1.6 billion and $1.7 billion.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.