Rivian Automotive (RIVN) Revenue — Quarter Ended Jun 30, 2024
Revenue decreased from the prior quarter but increased compared to the same quarter last year.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue decreased from the prior quarter but increased compared to the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-3.8%
Change from the immediately preceding quarter.
Year-over-year
+3.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5B
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, 2023 | $1.3B | +149.4% |
| Dec 31, 2023 | $1.3B | +98.3% |
| Mar 31, 2024 | $1.2B | +82.1% |
| Jun 30, 2024 | $1.2B | +3.3% |
Revenue performance
The reported revenue declined from the immediately preceding quarter.
Quarterly comparison
Compared to the same quarter one year earlier, revenue showed growth. This contrasts with the sequential decline.
What to watch
Monitor the company's liquidity position and the impact of its recent convertible note issuance on future operations.