Adjusted loss per share $0.48, est. loss $0.61 Loss per share $0.63, vs. loss $0.96 y/y Revenue $2.16B, est. $2.02B Vehicles delivered 19,248, est. 18,902 Production 19,751 vehicles, est. 18,952 Cash & cash equivalents $3.51B, -21% y/y Total liabilities $10.01B Sees FY vehicles delivered 67,000 to 70,000, est. 67,227 Sees FY adjusted EBITDA loss $1.75B to…
Loss per share $0.63, vs. loss $0.97 y/y Revenue $1.66B, est. $1.52B Vehicles delivered 12,194, est. 11,471 Production 12,613 vehicles, est. 12,145 Cash & cash equivalents $3.59B, est. $3.62B Still sees FY vehicles delivered 65,000 to 70,000 Sees FY adjusted EBITDA loss $1.8B to $2.0B, est. loss $2.01B
Piper Sandler upgrades $RIVN to Overweight and raises its price target to $20 (from $18). The firm cites stronger EV demand, a smooth R2 SUV launch, and a stronger balance sheet after Rivian's recent capital raise. Piper also expects higher vehicle volumes to boost software and services revenue over time.