Rivian Beats Q4 Estimates, Shares Jump 25%

Rivian Automotive Inc. reported stronger-than-expected fourth-quarter financial results on Thursday, beating analyst estimates on revenue and earnings while outlining ambitious plans for its upcoming affordable electric vehicle model. The electric vehicle maker's shares surged more than 25 percent in premarket trading Friday, reflecting investor optimism about its pivot toward mass-market offerings amid a challenging industry landscape.

For the quarter ended December 31, 2025, Rivian posted revenue of $1.29 billion, surpassing Wall Street expectations of $1.26 billion. The company recorded an adjusted loss of 54 cents per share, narrower than the anticipated 68 cents. Automotive revenue fell 45 percent year-over-year to $839 million, largely due to a $270 million drop in regulatory credit sales, reduced vehicle deliveries following the expiration of federal tax credits, and a lower average sales price from a higher proportion of commercial deliveries. Offsetting some of these declines, software and services revenue more than doubled to $447 million, boosted by contributions from a joint venture with Volkswagen Group focused on vehicle electrical architecture and software...