Rivian (NASDAQ: RIVN) posted its second-quarter earnings report on Aug. 5. The electric vehicle maker’s revenue rose 13% year over year to $1.3 billion, exceeding analysts’ expectations by $10 million. Its total deliveries declined 23% to 10,661 vehicles, but it offset that pressure with rising software and service revenues.
Unfortunately, its gross margin — which turned green in the first quarter of 2025 — turned red again in the second quarter. It only produced 5,979 vehicles during the quarter, which marked a 38% drop from a year ago. It narrowed its net loss from $1.5 billion to $1.1 billion, but its loss of $0.80 per share still missed the consensus forecast by $0.16.
Image source: Rivian.