Rivian Automotive (RIVN) Revenue — Quarter Ended Dec 31, 2024
Revenue increased substantially from the prior quarter and rose compared with the same quarter one year earlier. The sequential improvement reversed a decline in the third quarter of the same fiscal year.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue increased substantially from the prior quarter and rose compared with the same quarter one year earlier. The sequential improvement reversed a decline in the third quarter of the same fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+98.4%
Change from the immediately preceding quarter.
Year-over-year
+31.9%
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 |
|---|---|---|
| Mar 31, 2024 | $1.2B | +82.1% |
| Jun 30, 2024 | $1.2B | +3.3% |
| Sep 30, 2024 | $874M | -34.6% |
| Dec 31, 2024 | $1.7B | +31.9% |
Revenue performance
Reported revenue showed a strong upward direction for the quarter, marking the highest level among the four quarters of the fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased significantly. Versus the same quarter one year earlier, revenue was higher by a notable margin.
What to watch
Quarterly revenue moved sharply higher after a decline in the prior period, and the filing notes a decrease in total liquidity year over year.