Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Rivian Automotive, Inc. / DE files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0
0
55
1,658
4,434
4,970
5,387
Cost of revenue
0
0
520
4,781
6,464
6,170
5,243
Gross profit
0
0
-465
-3,123
-2,030
-1,200
144
Research and development
301
766
1,850
1,944
1,995
1,613
1,668
Selling, general and administrative
108
255
1,242
1,789
1,714
1,876
2,061
Operating expenses
409
1,021
3,755
3,733
3,709
3,489
3,729
Operating income
-409
-1,021
-4,220
-6,856
-5,739
-4,689
-3,585
Interest expense
34
8
29
103
220
318
274
Interest income
18
10
3
193
522
385
293
Other non-operating income
-1
1
-1
18
6
-7
-54
Pre-tax income
-426
-1,018
-4,688
-6,748
-5,431
-4,741
-3,620
Income tax
0
0
0
4
1
5
6
Net income to minority interests
0
0
1
20
Net income
-426
-1,018
-4,688
-6,752
-5,432
-4,747
-3,646
EBITDA
-402
-992
-4,023
-6,204
-4,802
-3,658
-2,801
EPS, basic
-4.35
-10.09
-22.98
-7.40
-5.74
-4.69
-3.07
EPS, diluted
-4.35
-10.09
-22.98
-7.40
-5.74
-4.69
-3.07
Shares, basic (weighted)
98
101
204
913
947
1,013
1,186
Shares, diluted (weighted)
98
101
204
913
947
1,013
1,186
Balance sheet
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
2,273
2,979
18,133
11,568
7,857
5,294
3,579
Short-term investments
0
1,511
2,406
2,503
Receivables
6
26
102
161
443
555
Inventory
0
274
1,348
2,620
2,248
1,594
Other current assets
31
126
112
164
192
361
Total current assets
3,016
18,559
13,130
12,313
10,583
8,592
Property, plant and equipment
1,445
3,183
3,758
3,874
3,965
5,119
Lease right-of-use assets
80
228
330
356
416
571
Other non-current assets
61
324
658
235
446
463
Total assets
4,602
22,294
17,876
16,778
15,410
14,864
Accounts payable
90
483
1,000
981
499
595
Accrued liabilities
443
667
1,154
1,145
835
1,438
Deferred revenue
28
74
37
88
552
1,277
Short-term debt
28
0
0
0
Total current liabilities
611
1,313
2,424
2,487
2,251
3,693
Long-term debt
47
1,226
1,231
4,431
4,441
4,440
Lease liabilities
83
218
311
324
379
551
Other non-current liabilities
1
23
111
395
1,777
1,586
Total liabilities
742
2,780
4,077
7,637
8,848
10,270
Total debt
75
1,226
1,231
4,431
4,441
4,440
Paid-in capital
302
25,887
26,926
27,695
29,866
31,508
Retained earnings
-1,686
-6,374
-13,126
-18,558
-23,305
-26,951
Other comprehensive income
0
0
-2
3
-4
8
Shareholders' equity
-375
-1,384
19,514
13,799
9,141
Minority interests
0
4
28
Total equity
-375
-1,384
19,514
13,799
9,141
6,562
4,594
Total liabilities and equity
4,602
22,294
17,876
16,778
15,410
14,864
Shares outstanding
100
101
900
926
968
1,131
1,240
Cash flow statement
FY2019
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-426
-1,018
-4,688
-6,752
-5,432
-4,746
-3,626
Depreciation and amortization
7
29
197
652
937
1,031
784
Stock-based compensation
0
0
570
987
821
692
741
Change in receivables
-16
11
-20
-76
-59
-282
-112
Change in inventory
0
0
-369
-1,657
-1,604
307
522
Change in payables
43
121
461
623
105
-572
571
Cash from operations
-353
-848
-2,622
-5,052
-4,866
-1,716
-779
Capital expenditures
-199
-914
-1,794
-1,369
-1,026
-1,141
-1,710
Purchases of investments
0
0
-2,410
-4,392
Cash from investing
-199
-914
-1,794
-1,369
-2,511
-1,980
-1,828
Debt issued
61
0
1,226
0
0
0
1,250
Debt repaid
0
0
-1,250
Stock issued
2,750
2,506
2,658
102
0
0
750
Cash from financing
2,811
2,500
19,828
99
3,130
1,136
886
Exchange rate effect
0
0
-2
5
-3
6
Net change in cash
2,259
738
15,412
-6,324
-4,242
-2,563
-1,715
Free cash flow
-552
-1,762
-4,416
-6,421
-5,892
-2,857
-2,489
Interest paid
5
4
2
88
169
279
222
Income taxes paid
3
0
8
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $15.47 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
7.5%
Gross profit / revenue.
Operating margin
-60.1%
Operating income / revenue.
EBITDA margin
-46.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-54.8%
Pre-tax income / revenue.
Net margin
-55.0%
Net income / revenue.
FCF margin
-59.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-31.4%
Cash from operations / revenue.
Return on assets (ROA)
-21.4%
Net income / average total assets.
R&D / revenue
30.6%
Research and development expense / revenue.
SG&A / revenue
37.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
13.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
27.9%
Capital expenditures / revenue.
D&A / revenue
13.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
8.4%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
48.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-3.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-6.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
26.4%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
17.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
9.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
63.7%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.10x
Current assets / current liabilities.
Quick ratio
1.57x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.47x
(Cash + short-term investments) / current liabilities.
Debt / assets
29.4%
Total debt / total assets.
Liabilities / assets
66.1%
Total liabilities / total assets.
Net debt
-$866.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage
-13.3x
Operating income / interest expense.
Working capital
$4.00B
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.39x
Revenue / average total assets.
Fixed asset turnover
1.06x
Revenue / average property, plant and equipment.
Inventory turnover
3.28x
Cost of revenue / average inventory.
Days inventory
111 days
365 x average inventory / cost of revenue.
Receivables turnover
15.9x
Revenue / average receivables.
Days sales outstanding
23 days
365 x average receivables / revenue.
Days payables
60 days
365 x average accounts payable / cost of revenue.
Cash conversion cycle
75 days
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$2.44
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/S
3.81x
Market cap / revenue.
EV/Sales
3.66x
Enterprise value / revenue.
FCF yield
-15.6%
Free cash flow / market cap.
Earnings yield
-14.4%
Net income / market cap (the inverse of P/E).
What was Rivian Automotive, Inc. / DE's revenue in fiscal 2025?
Rivian Automotive, Inc. / DE reported revenue of $5.39B for fiscal 2025, 8.4% higher than the year before.
Was Rivian Automotive, Inc. / DE profitable in fiscal 2025?
No. It reported a net loss of $3.65B.
How much free cash flow did Rivian Automotive, Inc. / DE generate in fiscal 2025?
Cash from operations of $779.0M minus capital expenditures of $1.71B left free cash flow of -$2.49B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.