Rivian posts first-quarter loss and sales, reiterates full-year guidance
Updated
Updated · MarketWatch · Apr 30
Rivian posts first-quarter loss and sales, reiterates full-year guidance
13 articles · Updated · MarketWatch · Apr 30
The EV maker reported a 33-cent per-share loss, $1.38bn in revenue, $4.83bn in cash and more than $1bn in negative free cash flow.
It kept 2026 targets for 62,000-67,000 deliveries, a $1.8bn-$2.1bn adjusted loss and $1.95bn-$2.05bn in capital spending, as investors focus on the upcoming R2 SUV launch.
Rivian said its Georgia plant could produce 300,000 vehicles annually, while Volkswagen and Uber partnerships may add funding and future robotaxi demand.
With a billion-dollar quarterly cash burn, can Rivian's R2 SUV and software deals deliver profitability in time?
Is Rivian's software, now validated by Volkswagen, the true key to challenging Tesla's dominance in the market?