Rivian Automotive, Inc. (Ticker: RIVN) is a U.S.–based electric vehicle (EV) and automotive technology company that designs, develops, manufactures, and sells battery-powered vehicles and related products. Headquartered in Irvine, California, Rivian is known for its electric pickup truck (R1T), SUV (R1S), and commercial vans, along with software services, charging infrastructure, and vehicle accessories. The company aims to serve both consumer and commercial markets with innovative EV platforms and is traded on the NASDAQ stock exchange under the ticker RIVN.
| Revenue (TTM) | $5.88B |
| Gross Profit (TTM) | $442.00M |
| EBITDA | $-2.71B |
| Operating Margin | -50.40% |
| Return on Equity | -57.50% |
| Return on Assets | -14.40% |
| Revenue/Share (TTM) | $4.68 |
| Book Value | $3.75 |
| Price-to-Book | 4.51 |
| Price-to-Sales (TTM) | 3.87 |
| EV/Revenue | 3.923 |
| EV/EBITDA | -1.96 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 27.20% |
| Shares Outstanding | $1.44B |
| Float | $945.38M |
| % Insiders | 34.54% |
| % Institutions | 40.50% |
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IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced that its leadership team will participate at two upcoming investor conferences: Goldman Sachs Communacopia + Technology Conference on Tuesday, September 8. James Philbin, SVP, Autonomy & AI, Vidya Rajagopalan, SVP, Electrical Hardware and Chip Newcom Vice President, Investor Relations, will participate in a fireside chat at 5:25pm ET. A live webcast will be available here. Morgan Stanley 14th Annual Lagu.
Three blue-chip CFO swaps touched off double-digit stock rallies while Rivian's announcement landed with a thud. The difference comes down to one decision Rivian has yet to make.
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The electric vehicle trade is coming under renewed pressure Friday morning after Rivian confirmed a top-level finance change, and the news is landing while the broad market grinds higher and a key EV peer fades an earlier rebound.
Rivian's chief financial officer Claire McDonough is resigning her position at the end of October, the company announced in a regulatory filing Thursday.
Rivian's Chief Financial Officer Claire McDonough has decided to leave the company, the electric vehicle maker said on Thursday, just as the company ramps up rollout of its smaller and more affordable SUVs amid fragile EV demand in the U.S.
IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced that Chief Financial Officer Claire McDonough has decided to step down from her role to pursue a new opportunity and relocate to the East Coast to be closer to her family.McDonough will remain in her role as CFO over the next two months to ensure a seamless and thorough transition. During this period, she will work closely with CEO RJ Scaringe and the executive leadership team to transition key strategic init.
Electric vehicle names are catching a small bid at midday Thursday, but the move is confined to the most beaten-down corners of the group, with the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) up 1% to $34.77.
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