Rivian earnings signal a comeback, outpacing expectations - Los Angeles Times
Los Angeles Times
by Caroline Petrow-CohenFebruary 13, 2026
AI-Generated Deep Dive Summary
Rivian, the California-based electric vehicle manufacturer, has reported a strong financial turnaround, exceeding market expectations and signaling a potential shift toward profitability. The company’s shares surged by 27% following the release of its earnings report for 2025, which revealed a $144 million gross profit compared to a $1.2 billion net loss in 2024. This improvement was attributed to higher vehicle prices, cost reductions, and strong performance in software and services. Rivian also highlighted its production numbers, delivering and producing over 42,000 vehicles in 2025.
The company’s journey has been marked by challenges, including layoffs of nearly 1,000 employees in 2025 as part of cost-cutting measures. Despite these efforts, Rivian remains focused on innovation, with its R2 model set to launch this spring at a starting price of $45,000—a significant step toward making electric vehicles more affordable. The R2 has already garnered positive early feedback, and its success is seen as pivotal for the company’s future. Analysts have noted that while Rivian has made strides, it still faces hurdles in achieving long-term profitability.
The broader context of the electric vehicle market is one of cooling consumer enthusiasm and expiring government subsidies. Rivian’s ability to navigate these challenges highlights its potential as a leader in the premium EV segment, competing with Tesla and other automakers. The company’s strategy to offer lower-priced models like the R2 could
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Originally published on Los Angeles Times on 2/13/2026