Rivian Automotive, Inc. Stock Research

Market Summary

USD13.46+0.43

Market Closed

3.30%

RIVN Alerts

Losses in recent quarter

RIVN Stock Price

RIVN RSI Chart

RIVN Valuation

Market Cap

12.5B

Price/Earnings (Trailing)

-1.85

Price/Sales (Trailing)

7.52

EV/EBITDA

-0.35

Price/Free Cashflow

-1.94

RIVN Price/Sales (Trailing)

RIVN Profitability

EBT Margin

-407.00%

Return on Equity

-48.93%

Return on Assets

-37.77%

Free Cashflow Yield

-51.52%

RIVN Fundamentals

RIVN Revenue

Revenue (TTM)

1.7B

Revenue Q/Q

23.69%

RIVN Earnings

Earnings (TTM)

-6.8B

Earnings Y/Y

29.99%

Earnings Q/Q

0.06%

Price Action

52 Week Range

12.8040.86

(Low)(High)

Last 7 days

-13.9%

Last 30 days

-31.1%

Last 90 days

-45.6%

Trailing 12 Months

-70.6%

RIVN Financial Health

Current Ratio

5.42

Debt/Equity

0.09

Debt/Cashflow

-4.11

RIVN Investor Care

Shares Dilution (1Y)

2.89%

Diluted EPS (TTM)

-7.4

Financials for Rivian Automotive

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	31.9%	1,658,000,000	1,257,250,000	856,500,000	455,750,000	55,000,000
Gross Profit	-24.6%	-3,123,000,000	-2,506,000,000	-1,671,000,000	-967,000,000	-465,000,000
Operating Expenses	-25.5%	3,733,000,000	5,009,000,000	4,846,000,000	4,422,000,000	3,755,000,000
S&GA Expenses	-13.9%	1,789,000,000	2,078,000,000	1,926,000,000	1,651,000,000	1,242,000,000
R&D Expenses	-14.3%	1,944,000,000	2,268,000,000	2,257,000,000	2,108,000,000	1,850,000,000
EBITDA	12.2%	-5,993,000,000	-6,828,000,000	-6,486,000,000	-5,520,000,000	-4,462,000,000
EBITDA Margin	33.4%	-3.61	-5.43	-117	-100	-81.13
Earnings Before Taxes	9.9%	-6,748,000,000	-7,486,000,000	-6,996,000,000	-5,867,000,000	-4,688,000,000
EBT Margin	31.6%	-4.07	-5.95	-127	-106	-85.24
Interest Expenses	12.0%	103,000,000	92,000,000	69,000,000	46,000,000	29,000,000
Net Income	9.9%	-6,752,000,000	-7,490,000,000	-6,999,000,000	-5,867,000,000	-4,688,000,000
Net Income Margin	31.6%	-4.07	-5.96	-127	-106	-85.24
Free Cahsflow	-3.2%	-6,421,000,000	-6,223,000,000	-5,709,000,000	-5,066,000,000	-4,416,000,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-6.0%	17,876	19,023	20,171	21,297	22,294
Current Assets	-9.0%	13,130	14,424	15,732	17,046	18,559
Cash Equivalents	-12.8%	11,568	13,272	14,923	16,432	18,133
Inventory	42.0%	1,348	949	655	494	274
Net PPE	2.5%	3,758	3,668	3,526	3,396	3,183
Liabilities	10.6%	4,077	3,686	3,303	3,037	2,780
Current Liabilities	14.9%	2,424	2,109	1,753	1,524	1,313
Long Term Debt	0.1%	1,229	1,228	1,227	1,226	-
LT Debt, Current	-	-	-	-	-	-
LT Debt, Non Current	0.2%	1,231	1,229	1,228	1,227	1,226
Shareholder's Equity	-10.0%	13,799	15,337	16,868	18,260	19,514
Retained Earnings	-15.1%	-13,126	-11,403	-9,679	-7,967	-6,374
Additional Paid-In Capital	0.7%	26,926	26,743	26,547	26,226	25,887
Accumulated Depreciation	31.5%	688	523	372	233	-
Shares Outstanding	0.5%	926	921	916	901	900

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-7.7%	-5,052	-4,692	-4,009	-3,294	-2,622
Share Based Compensation	-30.6%	987	1,422	1,129	887	570
Cashflow From Investing	10.6%	-1,369	-1,531	-1,700	-1,772	-1,794
Cashflow From Financing	-99.3%	99.00	14,822	17,316	17,256	19,828

Risks for RIVN

What is the probability of a big loss on RIVN?

91.2%

Probability that Rivian Automotive stock will be more than 20% underwater in next one year

86.0%

Probability that Rivian Automotive stock will be more than 30% underwater in next one year.

82.5%

Probability that Rivian Automotive stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RIVN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Rivian Automotive was unfortunately bought at previous high price.

Drawdowns

Returns for RIVN

Cumulative Returns on RIVN

Which funds bought or sold RIVN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-6.12	-208,013	229,987	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	68.08	-571,552	9,156,450	0.01%
2023-03-10	BAILLIE GIFFORD & CO	reduced	-1.63	-49,684,900	60,941,100	0.06%
2023-03-06	Rockefeller Capital Management L.P.	added	133	150,000	639,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	reduced	-61.73	-10,143	2,857	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	88,777	88,777	-%
2023-02-28	Voya Investment Management LLC	added	0.4	-963,854	1,238,150	-%
2023-02-27	Parallax Volatility Advisers, L.P.	new	-	7,914,710	7,914,710	0.01%
2023-02-27	Cravens & Co Advisors, LLC	new	-	200,703	200,703	0.19%
2023-02-24	SRS Capital Advisors, Inc.	reduced	-59.29	-25,407	7,593	-%

Latest Funds Activity

Are funds buying RIVN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RIVN

No. of Funds

RIVN Alerts

Losses in recent quarter

Rivian Automotive News

Schedule 13G FIlings of Rivian Automotive

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 08, 2023	ford motor co	1.15%	10,502,427	SC 13G/A
Jan 10, 2023	price t rowe associates inc /md/	12.8%	116,604,950	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	18.1%	162,080,423	SC 13G/A
Feb 10, 2022	ford motor co	11.4%	101,947,494	SC 13G
Feb 02, 2022	amazon com inc	18.1%	162,086,884	SC 13G

RIVN Fair Value

Recent SEC filings of Rivian Automotive

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	8-K	Current Report
Mar 08, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 07, 2023	8-K	Current Report
Feb 28, 2023	S-8	Employee Benefits Plan
Feb 28, 2023	8-K	Current Report
Feb 28, 2023	10-K	Annual Report
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading

Latest Insider Trading transactions for RIVN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-06	McDonough Claire	acquired	-	-	7,256	chief financial officer
2023-03-06	Baker Jeff	sold (taxes)	-48,695	16.92	-2,878	chief accounting officer
2023-03-06	Scaringe Robert J	sold (taxes)	-64,499	16.92	-3,812	chief executive officer
2023-03-06	Scaringe Robert J	acquired	-	-	10,757	chief executive officer
2023-03-06	McDonough Claire	sold (taxes)	-42,333	16.92	-2,502	chief financial officer
2023-03-06	Baker Jeff	acquired	-	-	8,345	chief accounting officer
2023-02-16	McDonough Claire	sold	-60,303	20.78	-2,902	chief financial officer
2023-02-15	McDonough Claire	sold	-39,693	18.9923	-2,090	chief financial officer
2023-02-15	Baker Jeff	sold	-44,253	18.9849	-2,331	chief accounting officer
2023-01-20	Krawiec Peter	acquired	-	-	523	-

About Rivian Automotive

Robert J. Scaringe

rivian.com

10400

Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in San Jose, California.

RIVN Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues (Note 2)	$ 1,658,000,000	$ 55,000,000	$ 0
Cost of revenues (Note 2)	4,781,000,000	520,000,000	0
Gross profit	(3,123,000,000)	(465,000,000)	0
Operating expenses
Research and development (Note 2)	1,944,000,000	1,850,000,000	766,000,000
Selling, general, and administrative (Note 2)	1,789,000,000	1,242,000,000	255,000,000
Other expenses (Note 2)	0	663,000,000	0
Total operating expenses	3,733,000,000	3,755,000,000	1,021,000,000
Loss from operations	(6,856,000,000)	(4,220,000,000)	(1,021,000,000)
Interest income	193,000,000	3,000,000	10,000,000
Interest expense	(103,000,000)	(29,000,000)	(8,000,000)
Loss on convertible notes, net (Note 7)	0	(441,000,000)	0
Other income (expense), net	18,000,000	(1,000,000)	1,000,000
Loss before income taxes	(6,748,000,000)	(4,688,000,000)	(1,018,000,000)
Provision for income taxes	(4,000,000)	0	0
Net loss	(6,752,000,000)	(4,688,000,000)	(1,018,000,000)
Net loss attributable to common stockholders, basic (in shares)	(6,752,000,000)	(4,688,000,000)	(1,019,000,000)
Net loss attributable to common stockholders, diluted (in shares)	$ (6,752,000,000)	$ (4,688,000,000)	$ (1,019,000,000)
Net loss per share attributable to common stockholders, basic (in USD per share)	$ (7.40)	$ (22.98)	$ (10.09)
Net loss per share attributable to common stockholders, diluted (in USD per share)	$ (7.40)	$ (22.98)	$ (10.09)
Weighted average common shares outstanding - basic (in shares)	913	204	101
Weighted average common shares outstanding - diluted (in shares)	913	204	101

RIVN Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents (Note 2)	$ 11,568,000,000	$ 18,133,000,000
Accounts receivable, net (Note 2)	102,000,000	26,000,000
Inventory (Note 4)	1,348,000,000	274,000,000
Other current assets	112,000,000	126,000,000
Total current assets	13,130,000,000	18,559,000,000
Property, plant, and equipment, net (Note 5)	3,758,000,000	3,183,000,000
Operating lease assets, net (Note 6)	330,000,000	228,000,000
Other non-current assets	658,000,000	324,000,000
Total assets	17,876,000,000	22,294,000,000
Current liabilities:
Accounts payable	1,000,000,000	483,000,000
Accrued liabilities (Note 8)	1,154,000,000	667,000,000
Current portion of lease liabilities and other current liabilities	270,000,000	163,000,000
Total current liabilities	2,424,000,000	1,313,000,000
Non-current portion of long-term debt (Note 7)	1,231,000,000	1,226,000,000
Non-current lease liabilities (Note 6)	311,000,000	218,000,000
Other non-current liabilities	111,000,000	23,000,000
Total liabilities	4,077,000,000	2,780,000,000
Commitments and contingencies (Note 13)
Stockholders' equity:
Preferred stock, $0.001 par value; 10 shares authorized and 0 shares issued and outstanding as of December 31, 2021 and 2022	0	0
Common stock, $0.001 par value; 3,508 and 3,508 shares authorized and 900 and 926 shares issued and outstanding as of December 31, 2021 and 2022, respectively (Note 12)	1,000,000	1,000,000
Additional paid-in capital	26,926,000,000	25,887,000,000
Accumulated deficit	(13,126,000,000)	(6,374,000,000)
Accumulated other comprehensive loss	(2,000,000)	0
Total stockholders' equity	13,799,000,000	19,514,000,000
Total liabilities and stockholders' equity	$ 17,876,000,000	$ 22,294,000,000