The make-or-break metric for electric vehicle makers is consistently reporting profits, and analysts predict the beginning of that profitability measurement for Rivian is not coming with its Q4 and full-year earnings reports.
Rivian is schedule to release its fourth quarter and full-year 2025 earnings report just after the stock market closes Feb. 12 at 4 p.m. EST. According to Zacks Inc. analysts, the company will report a loss of $2.59 per share on revenue of $5.4 billion. The loss is a 35.9 percent increase compared to 2024 numbers while revenue remained flat.
For the fourth quarter just ended, Rivian is expected to report a loss of 68 cents per share on revenue of $1.3 billion. Those are down 30.8 percent and 27.2 percent respectively on a year-over-year basis.
However, Rivian’s surprised analysts on a regular basis. Rivian beat analysts’ revenue expectations by 4.9% last quarter. The EV maker’s revenue for Q3 2025 was $1.56 billion, up 78.3% year on year.
“It was a strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates,” according to a MarketBeat report.
What crimped the revenue and earnings numbers? Sales. The company delivered 42,247 vehicles in 2025, which was in line with the company’s expectations, but down from 51,579 vehicles it delivered in 2024.
The company, like so many others, saw sales fall when the federal EV tax credits ended Sept. 30, 2025. When that happened it pulled forward scores of sales that would likely have happened during the final quarter of the year.
Also crimping sales was production as Rivian dedicated a portion of its plant in Normal, Illinois for production of its second family of vehicles, the R2. While not on the road yet, pre-production models are being tested — and shown — across the internet. Now announcement has been made as to when they’ll be available, but with internet influencers being allowed to put the early versions through their paces, it’s safe to assume they are near the release date.
The R2 is expected to start at about $45,000, making it among the more affordable EVs on the market. With sales expected to increase significantly, production volumes must follow. Investors will then be looking hard for the economies of scale the company needs to cut costs and perhaps move into the black this year, according to a Seeking Alpha report.
[Images: Rivian]
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