Rivian Automotive (RIVN) 10-K Summaries & Annual Filing History
Review Rivian Automotive, Inc. (RIVN) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Rivian produces electric vehicles and reported higher revenue with a sizable net loss. The company refinanced debt and ended with reduced cash but continued availability under a credit facility.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5.4B
Revenue reported for the fiscal year.
Operating income
-$3.6B
Income from operations reported for the year.
Net income
-$3.6B
Net income reported for the year.
Operating cash flow
-$779M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.7B | +2914.5% |
| Dec 31, 2023 | $4.4B | +167.4% |
| Dec 31, 2024 | $5B | +12.1% |
| Dec 31, 2025 | $5.4B | +8.4% |
Business overview
Rivian Automotive is an electric vehicle manufacturer. The filing covers its business overview, risk factors, management discussion, and liquidity position. The company has financed operations through securities sales and borrowings.
Financial performance
Revenue increased over the prior year, reaching the reported level. Operating income and net income were both negative at the same amount, while operating cash flow was also negative. The company has posted a net loss for the period.
Material risks
The filing notes unresolved staff comments and cybersecurity as risk areas. The company faces risks associated with its capital structure, including the secured notes due in the next decade. Past operating losses and negative cash flow are also material risk indicators.
Liquidity and capital
Liquidity came from securities sales and borrowings, with total liquidity declining year over year. The company issued new senior secured green notes to repay existing notes, extending its debt maturity profile.
What to watch
Monitor changes in available borrowing capacity under the asset-based lending facility, which decreased notably from the prior year.