Rivian Automotive Reports Q4 Earnings Loss

EV startup posts $811 million loss, but revenue tops Wall Street forecasts

Published on Feb. 12, 2026

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Rivian Automotive, the electric vehicle startup based in Irvine, California, reported a loss of $811 million in its fourth quarter. However, the company's revenue of $1.29 billion surpassed Wall Street expectations.

Why it matters

Rivian's financial performance is closely watched as the company aims to challenge industry leaders like Tesla in the growing EV market. The company's ability to ramp up production and control costs will be key to its long-term success.

The details

On a per-share basis, Rivian reported a loss of 66 cents, though losses adjusted for stock option expense were 54 cents per share. This beat the average analyst estimate of a 69-cent loss per share. For the full year, Rivian reported a loss of $3.65 billion, or $3.07 per share, on revenue of $5.39 billion.

  • Rivian reported its Q4 2025 earnings on February 12, 2026.

The players

Rivian Automotive, Inc.

An American electric vehicle manufacturer and automotive technology company that develops and manufactures electric vehicles, electric vehicle components, and accessories.

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The takeaway

Rivian's strong revenue performance in Q4 suggests the company is making progress in ramping up production, but the sizable loss highlights the challenges it faces in becoming profitable as it competes in the crowded EV market.