Rivian Investors Face a Real Setback
It's been a bumpy ride so far this year for Rivian (NASDAQ: RIVN). With the much-hyped R2 not launching until 2026, the company's sales have been sluggish and the addition of tariffs on imported auto parts threw a curveball few, if any, were ready for. Let's take a quick look at Rivian's second quarter and one very real setback investors may not have prepared for.
Rivian's second-quarter revenue rose 13% from the prior year to $1.3 billion, and its second quarter checked in with a net loss of $1.1 billion. The net loss was an improvement over the prior year's $1.5 billion net loss. Rivian's adjusted earnings per share checked in at a loss of $0.97, much worse than analysts expected at a loss of $0.80 per share, per Factset. Rivian did reaffirm its 2025 delivery guidance of 40,000 to 46,000 vehicles -- though it's going to take a strong second-half performance to reach.
Another important metric for investors to follow is Rivian's gross loss, which checked in at a $206 million loss during the second quarter, still better than the prior year's loss of $451 million. But it's still a slight disappointment considering investors hoped Rivian would be gross-profit positive for the full year after posting gross profits during both the fourth and first quarters. Rivian also lowered its adjusted EBITDA loss forecast for the full year, expecting it to check in between $2 billion and $2.5 billion, compared to the previous forecast of between $1.7 billion and $1.9 billion.
Source Fool.com
