"Rivian reported Thursday $5.38 billion in total revenue in 2025, up from $4.97 billion from the prior year. That rosy picture dulls a bit when looking just at its automotive revenue, which fell 15% to $3.8 billion in 2025. The fall was fueled by a $134-million drop in regulatory credit sales and lower vehicle deliveries, which were partially offset by higher average selling prices, according to Rivian."
"Meanwhile, software and services revenue grew more than threefold to $1.55 billion for the year. And the joint venture with Volkswagen Group was behind most of that growth, according to Rivian. The "services" component of this line item, which Rivian doesn't break out, includes a variety of items including vehicle repair, vehicle trade-ins, and maintenance services. The remainder, and the bulk of the revenue, is from software, and specifically due to the joint venture with VW Group."
Rivian generated $5.38 billion in total revenue in 2025, up 8% from $4.97 billion. Automotive revenue fell 15% to $3.8 billion due to a $134 million drop in regulatory credit sales and lower vehicle deliveries, partially offset by higher average selling prices. Software and services revenue grew more than threefold to $1.55 billion, driven largely by a technology joint venture with Volkswagen Group. The JV, formed in 2024 and worth up to $5.8 billion, produced a $1 billion milestone payout in 2025. Rivian received $2 billion in payments and convertible notes between 2024 and July 2025 and expects another $2 billion in 2026, with $1 billion contingent on winter testing and $1 billion as non-recourse debt expected in October.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]