Down 15% Already This Year, Is Rivian Stock a Buy?

2026-02-17 23:11:00 ET

Though electric vehicle company Rivian 's (NASDAQ: RIVN) stock jumped last week after it reported better-than-expected revenue and strong full-year guidance, the growth stock is still down about 15% year to date.

For the most part, the stock's poor performance is understandable. After all, the company's fourth-quarter revenue fell sharply, declining 26% year over year to about $1.3 billion.

But there have been some positives. Rivian's fourth-quarter non-generally accepted accounting principles (non-GAAP) loss per share was narrower than analysts' consensus forecast for the key bottom-line metric. Even more, management provided guidance for a huge year-over-year increase in vehicle deliveries as it prepares to begin delivering its new mid-size all-electric SUV, the R2, next quarter.

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