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Rivian reports record revenue in final quarter of 2024

  • Rivian Automotive reports record revenue in the final quarter of 2024 with a net revenue of $170,000, a significant increase from Q4 2023.
  • The company attributes the record revenue to the sale of regulatory credits, software and services revenue growth, and increased vehicle prices.
  • Rivian's net loss for the full calendar year 2024 was $1.2 billion, a decrease from $2.03 billion in 2023.
  • The company produced 49,476 vehicles and delivered 51,579 vehicles in 2024, with a potential to achieve modest gross profit for 2025.

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