Rivian Automotive's stock climbed approximately 20% in premarket trading on February 13 following the electric vehicle manufacturer's release of fourth-quarter 2025 results that exceeded market expectations. The company raised its 2026 delivery guidance to 62,000-67,000 vehicles, representing growth of 47-59% year-over-year, while reporting its first annual gross profit of $144 million in 2025.
The positive momentum reflects investor confidence in Rivian's upcoming product expansion, particularly the launch of its R2 SUV in the second quarter of 2026. The R2 is positioned as a critical milestone for the company as it moves toward the mass-market segment with a lower price point than its current R1T and R1S offerings.
Despite the optimistic delivery outlook, Rivian provided cautionary guidance for profitability, projecting adjusted pre-tax losses of $1.8-2.1 billion in 2026. Management noted that the 2025 gross profit may not be sustainable as production of the R2 scales, signaling that near-term losses should be expected as the company invests in manufacturing capacity and ramps production of its new model.