RIVN
Pre-earnings jitters, but make it optimistic
Rivian is trading higher ahead of its first-quarter earnings report after the bell, which is basically Wall Street’s version of pacing outside the dentist office while telling yourself this will be fine. The stock has been getting some love thanks to the company’s improved last quarter and a prettier full-year 2025 scorecard.
The backdrop got less ugly
The company’s most recent update showed a real shift in the story:
- fourth-quarter consolidated gross profit came in at $120 million
- full-year gross profit hit $144 million, a more than $1.3 billion improvement from 2024
- revenue for 2025 landed at $5.387 billion
- software and services revenue jumped 109% year over year to $447 million in Q4
That’s not “mission accomplished.” But it is the kind of progress that can keep investors from wandering off to the next shiny EV narrative.
Why the market cares
Rivian is still very much in the prove-it stage. The stock has climbed 21.49% over the past year, but it’s also been bouncing around a wide range like a teenager arguing with their own reflection. If tonight’s numbers show the company can keep improving margins and scaling without lighting cash on fire, the rally can keep breathing. If not, the stock could quickly remember that EV optimism has a short shelf life.
Big picture: this is less about one quarter and more about whether Rivian can convince investors it’s moving from “cool concept” to “actual business.”