Rivian Automotive (RIVN) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter decreased slightly compared to the immediately preceding quarter. However, it increased substantially compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter decreased slightly compared to the immediately preceding quarter. However, it increased substantially compared to 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
-1.6%
Change from the immediately preceding quarter.
Year-over-year
+98.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
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 |
|---|---|---|
| Mar 31, 2023 | $661M | +595.8% |
| Jun 30, 2023 | $1.1B | +208.0% |
| Sep 30, 2023 | $1.3B | +149.4% |
| Dec 31, 2023 | $1.3B | +98.3% |
Revenue performance
The reported revenue direction is a modest sequential decline, following a period of strong growth across the preceding quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged lower. When measured against the same quarter one year prior, revenue showed a significant increase.
What to watch
Monitor whether the sequential decline signals a plateau or seasonal pattern, given the prior quarters had shown pronounced year-over-year gains.