Rivian Automotive Inc (OQ:RIVN)
Business Focus: Electrical (Alternative) Vehicles
| Sector: Consumer Cyclicals | Industry: Auto & Truck Manufacturers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 14600 Myford Road IRVINE CA 92618 |
| Tel: | N/A |
| Website: | https://rivian.com |
| IR: | See website |
| Key People | ||
| Robert J. Scaringe Chairman of the Board of Directors, Chief Executive Officer, Founder | Claire Mcdonough Chief Financial Officer | Javier Varela Chief Operating Officer | Kjell Gruner Chief Commercial Officer |
| Business Overview |
| Rivian Automotive, Inc. is an automotive manufacturer, which is engaged in developing and building category-defining electric vehicles (EVs) and accessories. The Company's R1 platform offers the first-generation consumer vehicles: the R1T, a two-row five-passenger pickup truck, and the R1S, a three-row seven-passenger sport utility vehicle (SUV). In the commercial market, the Company offers Rivian Commercial Vehicle (RCV) platform. The Company's vehicle on this platform is Electric Delivery Van (EDV), designed and engineered by Rivian in collaboration with Amazon. Alongside its commercial vehicles, it offers FleetOS, its proprietary, end-to-end centralized fleet management subscription platform. It also offers a variety of services, including financing and insurance, vehicle maintenance and repair, charging and FleetOS solutions. Its value-added services include digitally enabled financing and leasing, telematics-based insurance, proactive vehicle service, software services, and more. |
| Financial Overview |
| For the three months ended 31 March 2024, Rivian Automotive Inc revenues increased 82% to $1.2B. Net loss increased 7% to $1.45B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects United States segment loss increase of 4% to $1.48B. Basic Earnings per Share excluding Extraordinary Items decreased from -$1.45 to -$1.48. |
| Employees: | 16,790 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,478M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,977M as of Mar 31, 2024 |
| EBITDA (TTM): | -$4,521M as of Mar 31, 2024 |
| Net annual income (TTM): | -$5,529M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$5,611M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 995,320,346 as of Apr 24, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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