Rivian Automotive Inc. delivered a stunning financial turnaround, reporting $144 million in gross profit for 2025 compared to a $1.2 billion net loss in 2024. The Irvine-based electric vehicle maker defied industry headwinds as Tesla and other automakers faced declining sales and profitability amid the expiration of federal tax credits.

While Tesla reported a 46% drop in net income to $3.8 billion for 2025, Rivian delivered 42,247 vehicles despite a slight decline from its 2024 record. The company credits its profitability to strong software and services performance, higher average selling prices, and cost reductions per vehicle. Rivian's partnership with Amazon continues to expand, with over 30,000 custom-built electric delivery vans now operating in the U.S. and Europe.

Rivian expects to deliver between 62,000 and 67,000 vehicles in 2026 as it prepares to launch its lower-priced R2 SUV, starting around $45,000. The company received positive early feedback on the R2, which analysts view as critical to Rivian's future success. With shares rising over 33% in the past year, Rivian has positioned itself as an EV market outlier while competitors struggle with pricing pressures and cooling consumer demand.