Rivian Automotive (NASDAQ: RIVN) met expectations in Q4, achieving gross margin profitability for the first time—a key milestone in its push for operational efficiency. The company also began separately reporting revenue under Software and Services for its remarketing sales, repair & maintenance, and new vehicle electrical architecture & development, signaling the growth and importance of these higher-margin programs.
However, FY25 deliveries are expected to remain flat, factoring in a one-month facility shutdown for R2 production retooling ahead of its FY26 launch. Meanwhile, EBITDA profitability remains a long-term target, with 2027 still the goal. For more details, key highlights, and commentary, check out the high-level earnings summary.
