Rivian Reported A Smaller-Than-Expected Q3 Loss

Benzinga

Rivian posted a smaller Q3 loss than expected and grew revenue 78% year over year on 13,000+ EV deliveries, helped by buyers rushing to secure expiring tax credits. The company cut per-vehicle costs by nearly $19,000, while warning that tariffs and reduced incentives will pressure margins. CEO RJ Scaringe said the upcoming R2 midsize SUV remains Rivian’s core focus.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Rivian Automotive reported a smaller-than-expected third-quarter loss of $0.65 per share,

00:07beating analysts' expectations of a $0.71 loss, according to Bloomberg.

00:10Revenue rose 78% year-over-year to $1.56 billion,

00:14boosted by over 13,000 EV deliveries.

00:17Consumers rushed to secure expiring tax credits.

00:20The company reduced its pay-per-vehicle automotive cost of revenue by nearly $19,000,

00:25compared to the previous year.

00:26CEO R.J. Skaringe said the upcoming R2 midsize SUV slated for 2026 delivery

00:32remains Rivian's top priority and will expand its addressable market.

00:36Rivian cut its sales outlook twice and warned of rising losses as trumped tariffs

00:40and reduced EV incentives, increased costs, and weighed on revenue.

00:44For all things money, visit Benzinga.com.

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