Following a powerhouse Q4 earnings report, shares of EV maker Rivian Automotive, Inc. (NASDAQ:RIVN) skyrocketed by over 27% in Friday’s session—the stock’s largest single-day percentage gain in its history.
The rally was fueled by a rare triple beat. Rivian surpassed expectations on revenue, narrowed losses more than predicted and issued a massive 2026 delivery forecast that left Wall Street stunned.
- RIVN stock is soaring. See the chart and price action here.
Breaking the Profit Barrier
The primary catalyst for the surge was the company’s newfound profitability. For years, skeptics questioned if a pure-play EV startup could ever stop the cash burn.
CFO Claire McDonough silenced those doubts by highlighting a massive swing in the company’s bottom line.
“The improvement in unit economics in our Automotive segment, when combined with our strong software and services performance, resulted in greater than $1.3 billion of improvement in full year gross profit, making …