05:32 PM EDT, 05/06/2025 (MT Newswires) -- Rivian Automotive ( RIVN ) reported a Q1 loss late Tuesday of $0.48 per diluted share, narrowing from a loss of $1.48 a year earlier.

Analysts polled by FactSet expected a loss of $0.99.

Revenue for the quarter ended March 31 was $1.24 billion, up from $1.20 billion a year earlier.

Analysts surveyed by FactSet expected $1.02 billion.

The company adjusted its full-year 2025 vehicle delivery guidance to 40,000 to 46,000 from 46,000 to 51,000 earlier. Analysts expect 48,000.

Shares of Rivian Automotive ( RIVN ) were down 1.2% in after-hours trading.