Rivian Automotive: Fourth Quarter Earnings Overview

Rivian Reports Fourth Quarter Financial Results

Rivian Automotive, headquartered in Irvine, California, announced a net loss of $811 million for the fourth quarter.

The company’s loss translated to 66 cents per share, while the adjusted loss—excluding stock-based compensation—was 54 cents per share.

These figures were better than anticipated by analysts, who, according to a Zacks Investment Research survey, had predicted a loss of 69 cents per share.

Rivian’s revenue for the quarter reached $1.29 billion, surpassing the consensus estimate of $1.26 billion from six Zacks analysts.

For the full year, Rivian reported a total loss of $3.65 billion, or $3.07 per share, with annual revenue totaling $5.39 billion.