Rivian Automotive, Inc. (RIVN) Q1 2025 Earnings Call Transcript


Rivian Automotive, Inc. (NASDAQ:RIVN) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET

Company Participants

Derek Mulvey – Vice President of Finance
RJ Scaringe – Founder and Chief Executive Officer
Claire McDonough – Chief Financial Officer
Javier Varela – Chief Operations Officer

Conference Call Participants

Dan Levy – Barclays
Adam Jonas – Morgan Stanley
Shreyas Patil – Wolfe Research
Joseph Spak – UBS
Mark Delaney – Goldman Sachs
Philippe Houchois – Jefferies
Edison Yu – Deutsche Bank
George Gianarikas – Canaccord Genuity
Ben Kallo – Baird
Ronald Jewsikow – Guggenheim Securities
Itay Michaeli – TD Cowen

Operator

Welcome to today’s Q1 Earnings Result hosted by Rivian. At this time, all participants are in a listen-only mode. After the speakers’ presentation, we will conduct a question-and-answer session.

I’ll now turn the call over to Derek Mulvey, Vice President of Finance. Please go ahead.

Derek Mulvey

Good afternoon and thank you for joining us for Rivian’s first quarter 2025 earnings call. Today, I’m joined by RJ Scaringe, our CEO and Founder; Claire McDonough, our Chief Financial Officer; and Javier Varela, our Chief Operations Officer.

Before we begin, matters discussed on this call, including comments and responses to questions, reflects management’s current views as of today. We will also be making statements related to our business, operations and financial performance that may be considered forward-looking statements under Federal Securities Laws. Such statements involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are described in our SEC filings and the shareholder letter which we filed today with the SEC.

During this call, we will discuss both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is provided in our shareholder letter. Just before this earnings call, we published and filed our shareholder letter, which includes an



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