Overview
- Rivian guided 62,000 to 67,000 deliveries in 2026, roughly a 50% increase from 2025’s 42,247 units, with growth centered on the R2.
- Customer deliveries of the roughly $45,000 R2 remain on track for the second quarter, starting with a dual-motor all-wheel-drive launch trim.
- The company reported its first annual gross profit of $144 million in 2025, driven largely by software and services from its Volkswagen joint venture.
- For 2026, Rivian forecast adjusted EBITDA losses of $1.8 billion to $2.1 billion and capital expenditures of $1.95 billion to $2.05 billion as it prepares the R2 ramp.
- Rivian ended the quarter with about $6.6 billion in total liquidity, and the stock jumped 25%–28% Friday as analysts highlighted the R2 as the key catalyst.