Rivian Reports $144 Million Profit in 2025, Stock Spikes 27%

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Rivian's stock price surged 27% on Friday after the electric vehicle maker reported a $144 million profit in 2025, a major turnaround from the $1.2 billion net loss it posted in 2024. Rivian credited the swing to profitability to strong software and services performance, higher average selling prices, and reductions in cost per vehicle.

Why it matters

Rivian's profitability is a significant milestone for the EV startup, which has struggled with losses in previous years as the industry grappled with the end of government subsidies and cooling consumer excitement. The results suggest Rivian may have found a path to sustainable profitability, bucking the trend in the broader EV market.

The details

Rivian delivered 42,247 vehicles in 2025 and produced 42,284 vehicles. While the company still reported a $432 million net loss for the year in its automotive division, its software and services revenue grew more than threefold to $1.55 billion. This growth was largely driven by a joint venture with Volkswagen Group that was worth up to $5.8 billion. Under the terms of the JV, Rivian will supply VW with its existing electrical architecture and software technology.

• Rivian reported its 2025 earnings results on Thursday, February 14, 2026.
• Rivian's stock price spiked 27% on Friday, February 15, 2026, in response to the strong earnings report.

What’s next

Rivian is expected to receive an additional $2 billion of capital as part of its joint venture with Volkswagen Group in 2026, which will be crucial for the rollout of its next electric vehicle, the R2, priced around $45,000.