Rivian Automotive (RIVN) FY2024 10-K Annual Report
Rivian Automotive (RIVN) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 31, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Rivian Automotive FY2024 10-K Analysis
Business Overview
- • Core business: Designs and manufactures Class 5-8 battery-electric commercial vehicles with integrated charging and fleet management solutions
- • New addition: Acquisition of ElectraMeccanica in March 2024, adding new electric vehicle technology and expanding product portfolio
Management Discussion & Analysis
- • Three customers accounted for 34% of revenue in 2024: 13%, 11%, 10% each, indicating revenue concentration risk
- • No YoY revenue, profitability, or margin figures disclosed in the section provided
Risk Factors
- • Tariff recovery $2.7 million estimated from crushing SOLO vehicles, no tariff recovery received as of Dec 31, 2024
- • Warranty reserve uncertainty due to short sales history, product warranty typically 2 to 5 years with potential material reserve changes
Rivian Automotive FY2024 Key Financial MetricsXBRL
Revenue
$56M
▲ +25.7% YoY
Net Income
-$50M
▲ +33.9% YoY
Gross Margin
7.1%
Operating Margin
-82.0%
▲ +6394bp YoY
Net Margin
-89.6%
▲ +8071bp YoY
ROE
-149.2%
▲ +1857bp YoY
Total Assets
$98M
▲ +5.0% YoY
EPS (Diluted)
$-6.69
▲ +49.0% YoY
Operating Cash Flow
-$49M
▼ -24.2% YoY
Source: XBRL data from Rivian Automotive FY2024 10-K filing on SEC EDGAR. All figures in USD.
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