Rivian Automotive (RIVN) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased significantly compared to the previous quarter and the same quarter a year ago. The reported revenue reflects strong growth momentum.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased significantly compared to the previous quarter and the same quarter a year ago. The reported revenue reflects strong growth momentum.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+69.6%
Change from the immediately preceding quarter.
Year-over-year
+208.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $536M | +53500.0% |
| Dec 31, 2022 | $663M | +1127.8% |
| Mar 31, 2023 | $661M | +595.8% |
| Jun 30, 2023 | $1.1B | +208.0% |
Revenue performance
The reported revenue for the quarter was higher than the prior quarter, continuing an upward trend seen in recent periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, and compared to the same quarter one year earlier, revenue also rose substantially.
What to watch
The filing context contains no specific discussion of revenue drivers; monitoring future performance relative to liquidity and capital resources may provide additional context.