Rivian Automotive, Inc. (RIVN) 10-Year Financial Performance & Capital Metrics

RIVN • • Industrial / General

Consumer CyclicalAuto ManufacturersMass Market Passenger VehiclesPremium Electric Sedans/SUVs

AboutRivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in San Jose, California.Show more

Revenue $4.97B +12.1%
EBITDA -$3.66B +23.8%
Net Income -$4.75B +12.6%
EPS (Diluted) -4.69 +18.3%
Gross Margin -24.14% +47.3%
EBITDA Margin -73.6% +32.0%
Operating Margin -94.35% +27.1%
Net Margin -95.49% +22.1%
ROE -60.45% -27.6%
ROIC -53.25% +36.6%
Debt/Equity 0.87 +62.5%
Interest Coverage -14.75 +43.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y348.74%

TTM28.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM35.23%

EPS CAGR

10Y-

5Y-

3Y-

TTM44.46%

ROCE

10Y Avg-32.1%

5Y Avg-35.18%

3Y Avg-36.8%

Latest-34.16%

Peer Comparison

Premium Electric Sedans/SUVs

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSLATesla, Inc.	1.49T	447.20	219.22	0.95%	5.55%	6.58%	0.24%	0.18
BINIBollinger Innovations, Inc.	45.55K	0.09	0	199%	-50.06%	-356.71%
FFAIFaraday Future Intelligent Electric Inc.	216.14M	1.09	-0.06	-31.25%	-745.17%	-207.37%		0.86
LCIDLucid Group, Inc.	3.55B	10.94	-0.88	35.71%	-214.09%	-61.31%		0.64
AIEVThunder Power Holdings, Inc.	8.62M	0.17	-2.83			-32.68%		0.00
RIVNRivian Automotive, Inc.	23.03B	18.85	-4.02	12.09%	-61.32%	-70.38%		0.87
PSNYPolestar Automotive Holding UK PLC	1.88B	20.52	-21.15	-14.48%	-89.04%
FFAIWFaraday Future Intelligent Electric Inc.		0.03		-31.25%	-745.17%	-207.37%		0.86

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	55M	1.66B	4.43B	4.97B
Revenue Growth %	-	-	-	29.15%	1.67%	0.12%
Cost of Goods Sold+	7M	29M	520M	4.78B	6.46B	6.17B
COGS % of Revenue	-	-	9.45%	2.88%	1.46%	1.24%
Gross Profit+	-7M	-29M	-465M	-3.12B	-2.03B	-1.2B
Gross Margin %	-	-	-8.45%	-1.88%	-0.46%	-0.24%
Gross Profit Growth %	-	-3.14%	-15.03%	-5.72%	0.35%	0.41%
Operating Expenses+	402M	992M	3.75B	3.73B	3.71B	3.49B
OpEx % of Revenue	-	-	68.27%	2.25%	0.84%	0.7%
Selling, General & Admin	101M	226M	1.24B	1.79B	1.71B	1.88B
SG&A % of Revenue	-	-	22.58%	1.08%	0.39%	0.38%
Research & Development	301M	766M	1.85B	1.94B	2B	1.61B
R&D % of Revenue	-	-	33.64%	1.17%	0.45%	0.32%
Other Operating Expenses	0	0	663M	0	0	0
Operating Income+	-409M	-1.02B	-4.22B	-6.86B	-5.74B	-4.69B
Operating Margin %	-	-	-76.73%	-4.14%	-1.29%	-0.94%
Operating Income Growth %	-	-1.5%	-3.13%	-0.62%	0.16%	0.18%
EBITDA+	-402M	-992M	-4.02B	-6.2B	-4.8B	-3.66B
EBITDA Margin %	-	-	-73.15%	-3.74%	-1.08%	-0.74%
EBITDA Growth %	-	-1.47%	-3.06%	-0.54%	0.23%	0.24%
D&A (Non-Cash Add-back)	7M	29M	197M	652M	937M	1.03B
EBIT	-392M	-1.01B	-4.66B	-6.64B	-5.21B	-4.42B
Net Interest Income+	-16M	2M	-26M	90M	302M	67M
Interest Income	18M	10M	3M	193M	522M	385M
Interest Expense	34M	8M	29M	103M	220M	318M
Other Income/Expense	-17M	3M	-468M	108M	308M	-52M
Pretax Income+	-426M	-1.02B	-4.69B	-6.75B	-5.43B	-4.74B
Pretax Margin %	-	-	-85.24%	-4.07%	-1.22%	-0.95%
Income Tax+	0	0	0	4M	1M	5M
Effective Tax Rate %	1.08%	1%	1%	1%	1%	1%
Net Income+	-459M	-1.02B	-4.69B	-6.75B	-5.43B	-4.75B
Net Margin %	-	-	-85.24%	-4.07%	-1.23%	-0.95%
Net Income Growth %	-	-1.22%	-3.6%	-0.44%	0.2%	0.13%
Net Income (Continuing)	-426M	-1.02B	-4.69B	-6.75B	-5.43B	-4.75B
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	4M
EPS (Diluted)+	-4.35	-1.13	-5.21	-7.40	-5.74	-4.69
EPS Growth %	-	0.74%	-3.61%	-0.42%	0.22%	0.18%
EPS (Basic)	-4.35	-1.13	-5.21	-7.40	-5.74	-4.69
Diluted Shares Outstanding	100M	900.32M	900.55M	913M	947M	1.01B
Basic Shares Outstanding	100M	900.32M	900.55M	913M	947M	1.01B
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.29B	3.02B	18.56B	13.13B	12.31B	10.58B
Cash & Short-Term Investments	2.26B	2.98B	18.13B	11.57B	9.37B	7.7B
Cash Only	2.26B	2.98B	18.13B	11.57B	7.86B	5.29B
Short-Term Investments	0	0	0	0	1.51B	2.41B
Accounts Receivable	0	6M	26M	102M	161M	443M
Days Sales Outstanding	-	-	172.55	22.45	13.25	32.53
Inventory	0	0	274M	1.35B	2.62B	2.25B
Days Inventory Outstanding	-	-	192.33	102.91	147.94	132.99
Other Current Assets	29M	31M	126M	112M	164M	192M
Total Non-Current Assets+	340M	1.59B	3.73B	4.75B	4.46B	4.83B
Property, Plant & Equipment	313M	1.52B	3.41B	4.09B	4.23B	4.38B
Fixed Asset Turnover	-	-	0.02x	0.41x	1.05x	1.13x
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	27M	61M	324M	658M	235M	446M
Total Assets+	2.63B	4.6B	22.29B	17.88B	16.78B	15.41B
Asset Turnover	-	-	0.00x	0.09x	0.26x	0.32x
Asset Growth %	-	0.75%	3.84%	-0.2%	-0.06%	-0.08%
Total Current Liabilities+	185M	611M	1.31B	2.42B	2.49B	2.25B
Accounts Payable	27M	90M	483M	1B	981M	499M
Days Payables Outstanding	1.41K	1.13K	339.03	76.34	55.39	29.52
Short-Term Debt	0	28M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	0	0	0
Other Current Liabilities	0	0	-74M	0	536M	0
Current Ratio	12.39x	4.94x	14.13x	5.42x	4.95x	4.70x
Quick Ratio	12.39x	4.94x	13.93x	4.86x	3.90x	3.70x
Cash Conversion Cycle	-	-	25.84	49.02	105.8	136
Total Non-Current Liabilities+	2.82B	5.38B	1.47B	1.65B	5.15B	6.6B
Long-Term Debt	71M	47M	1.23B	1.23B	4.43B	4.44B
Capital Lease Obligations	0	83M	218M	311M	400M	379M
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	2.75B	5.25B	23M	111M	319M	1.78B
Total Liabilities	3.01B	5.99B	2.78B	4.08B	7.64B	8.85B
Total Debt+	74M	180M	1.61B	1.81B	4.92B	5.74B
Net Debt	-2.19B	-2.8B	-16.53B	-9.76B	-2.94B	443M
Debt / Equity	-	-	0.08x	0.13x	0.54x	0.87x
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-12.03x	-127.63x	-145.52x	-66.56x	-26.09x	-14.75x
Total Equity+	-375M	-1.38B	19.51B	13.8B	9.14B	6.56B
Equity Growth %	-	-2.69%	15.1%	-0.29%	-0.34%	-0.28%
Book Value per Share	-3.75	-1.54	21.67	15.11	9.65	6.48
Total Shareholders' Equity	-375M	-1.38B	19.51B	13.8B	9.14B	6.56B
Common Stock	0	0	1M	1M	1M	1M
Retained Earnings	-668M	-1.69B	-6.37B	-13.13B	-18.56B	-23.3B
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	0	0	-2M	3M	-4M
Minority Interest	0	0	0	0	0	4M

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-353M	-848M	-2.62B	-5.05B	-4.87B	-1.72B
Operating CF Margin %	-	-	-47.67%	-3.05%	-1.1%	-0.35%
Operating CF Growth %	-	-1.4%	-2.09%	-0.93%	0.04%	0.65%
Net Income	-426M	-1.02B	-4.69B	-6.75B	-5.43B	-4.75B
Depreciation & Amortization	7M	29M	197M	652M	937M	1.03B
Stock-Based Compensation	0	-	570M	987M	821M	692M
Deferred Taxes	0	-	95M	0	0	0
Other Non-Cash Items	37M	42M	1.12B	1B	222M	140M
Working Capital Changes	29M	100M	84M	-941M	-1.41B	1.17B
Change in Receivables	-16M	-	-20M	-76M	-59M	-282M
Change in Inventory	0	-	-369M	-1.66B	-1.6B	307M
Change in Payables	0	-	427M	461M	105M	-572M
Cash from Investing+	-199M	-914M	-1.79B	-1.37B	-2.51B	-1.98B
Capital Expenditures	-199M	-914M	-1.79B	-1.37B	-1.03B	-1.14B
CapEx % of Revenue	-	-	32.62%	0.83%	0.23%	0.23%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	-2M	0	0	0	0	0
Cash from Financing+	2.81B	2.5B	19.83B	99M	3.13B	1.14B
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	-	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	0	0	-86M	-3M	-126M	72M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-552M	-1.76B	-4.42B	-6.42B	-5.89B	-2.86B
FCF Margin %	-	-	-80.29%	-3.87%	-1.33%	-0.57%
FCF Growth %	-	-2.19%	-1.51%	-0.45%	0.08%	0.52%
FCF per Share	-5.52	-1.96	-4.90	-7.03	-6.22	-2.82
FCF Conversion (FCF/Net Income)	0.77x	0.83x	0.56x	0.75x	0.90x	0.36x
Interest Paid	0	-	0	0	0	0
Taxes Paid	0	-	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-51.72%	-40.54%	-47.36%	-60.45%
Return on Invested Capital (ROIC)	-	-	-	-146.27%	-84.02%	-53.25%
Gross Margin	-	-	-845.45%	-188.36%	-45.78%	-24.14%
Net Margin	-	-	-8523.64%	-407.24%	-122.51%	-95.49%
Debt / Equity	-	-	0.08x	0.13x	0.54x	0.87x
Interest Coverage	-12.03x	-127.63x	-145.52x	-66.56x	-26.09x	-14.75x
FCF Conversion	0.77x	0.83x	0.56x	0.75x	0.90x	0.36x
Revenue Growth	-	-	-	2914.55%	167.43%	12.09%

Revenue by Segment

	2024
Automotive	4.49B
Automotive Growth	-
Software And Services	484M
Software And Services Growth	-

Frequently Asked Questions

Growth & Financials

Rivian Automotive, Inc. (RIVN) reported $5.83B in revenue for fiscal year 2024.

Rivian Automotive, Inc. (RIVN) grew revenue by 12.1% over the past year. This is steady growth.

Rivian Automotive, Inc. (RIVN) reported a net loss of $3.58B for fiscal year 2024.

Dividend & Returns

Rivian Automotive, Inc. (RIVN) has a return on equity (ROE) of -60.4%. Negative ROE indicates the company is unprofitable.

Rivian Automotive, Inc. (RIVN) had negative free cash flow of $489.0M in fiscal year 2024, likely due to heavy capital investments.

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