Rivian Achieves First-Ever Positive Gross Profit in 2025, with Annual Revenue Up 8%

On February 12, U.S. electric vehicle maker Rivian released its 2025 financial results: full-year revenue reached $5.387 billion (approximately RMB 37.222 billion), an 8% year-over-year increase, comprising $3.830 billion in automotive revenue and $1.557 billion in software and services revenue. Despite a decline in production and deliveries due to external factors, Rivian achieved positive gross profit for the first time in 2025—an improvement of over $1.3 billion compared to 2024—driven by its joint venture with Volkswagen, which contributed electrical architecture and software development business, as well as higher average selling prices per vehicle and reduced costs. The company also disclosed that its new model, the Rivian R2, completed production validation vehicle manufacturing in January and is scheduled to begin deliveries in Q2 2026, with an estimated total delivery volume of approximately 64,500 units for the full year of 2026.