RIVN · CIK 0001874178 · FY2025 live · 2025-12-31
Rivian Automotive, Inc. / DE
View as
Model
Classic Z
FY2025
−2.31
Zone
Distress
vs FY2024
−0.60
Market DD
—
1y PD
—
Meridian Rank
24.07
from 23.53
0–100 · Classic Z tape · not a PD
Book standing
23
Year change
12
Market PD
—
O-score
43
Events on this name
Same published rows as Today. Not a live recompute.
Large score decline
material · 69
- Live Z: −1.71 → −2.31
Large leverage change
material · 68
- X4: 0.74 → 0.45
Market PD unavailable
watch · 45
−2.31
Z″ −4.90
Score −2.31 · distress below 1.80, grey to 2.99, safe at 3.00 and above.
Classic Z factor contributions
X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
0.331.2 × = 0.40X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−1.811.4 × = −2.54X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
−0.243.3 × = −0.80X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
0.450.6 × = 0.27X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.361 × = 0.36
Five-year path
Z plus liquidity (working capital / assets) and earnings (EBIT / assets) over the last 5 annual filings.
Overview
rule-v1
Rivian Automotive, Inc. / DE is on classic Z at −2.31 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print. Versus FY2024 the live print is still distress (−0.60 from −1.71). No market tape loaded. Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.
Book screen Distress; market PD —. Tape not priced — not a single default call.
MD&A excerpt
Management discusses production ramp on the R1 platform, a still-negative gross margin at current volumes, and a cash balance that funds the multi-year factory plan. The MD&A notes a Volkswagen commercial-van joint venture and cost-down targets on bill of materials. Going-concern risk is framed around the cash runway versus the path to positive contribution margin.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Classic Z scores · 14th percentile in Industrials.
- NRGVDistressEnergy Vault Holdings, Inc.−2.30
- EYPTDistressEyePoint, Inc.−2.24
- KLNGDistressKoil Energy Solutions, Inc.−2.48
- DFLIDistressDragonfly Energy Holdings Corp.−2.11
- TRUGDistressTruGolf Holdings, Inc.−2.69
- NIKIDistressNiki BioSolutions, Inc.−2.76
- PTONDistressPELOTON INTERACTIVE, INC.−1.80
- QINDDistressQuality Industrial Corp.−1.78
KPI widgets
Current assets
$8.6B
Total assets
$14.9B
Current liabilities
$3.7B
Total liabilities
$10.3B
Working capital
$4.9B
Retained earnings
−$27.0B
EBIT
−$3.6B
Total sales
$5.4B
Book equity
$4.6B
Accession 0001874178-26-000008. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.