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Income Statement (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Revenue | 1.62B | 85.6% |
| Gross Profit | 170M | 143.4% |
| Cost of Revenue | 2.02B | 19.4% |
| Operating expense | 831M | 6.9% |
| Net Income | -744M | 32.4% |
Balance Sheet (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Total Assets | 15.4B | 8% |
| Total Liabilities | 8.85B | 5.8% |
| Total Equity | 6.56B | 11.2% |
| Shares Outstanding | 1.13B | 10.8% |
Cash Flow (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.18B | 235% |
| Cash from investing | -1.39B | 376.6% |
| Cash from financing | 104M | 2500% |
EPS
Financial Highlights for Rivian in Q4 '24
Rivian reported a revenue of 1.62B, which is a 85.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 170M, marking a 143.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.02B, a 19.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 831M, showing a 6.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -744M, showing a 32.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Rivian with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
