Rivian Automotive (RIVN) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the prior quarter. Revenue also rose significantly versus the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the prior quarter. Revenue also rose significantly versus the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+19.3%
Change from the immediately preceding quarter.
Year-over-year
+149.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
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 |
|---|---|---|
| Dec 31, 2022 | $663M | +1127.8% |
| Mar 31, 2023 | $661M | +595.8% |
| Jun 30, 2023 | $1.1B | +208.0% |
| Sep 30, 2023 | $1.3B | +149.4% |
Revenue performance
The reported revenue reflects growth from the immediately preceding quarter. The trajectory shows a strong gain when measured against the comparable period from the prior year.
Quarterly comparison
Sequentially, revenue was higher than the prior quarter. On a year-over-year basis, revenue was substantially above the same quarter last year.
What to watch
The available filing context does not specify drivers for the revenue change; monitor future filings for underlying factors.