Rivian Automotive, Inc. (RIVN) Q4 2025 Earnings Call

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WEBVTT 00:00:00.773 -- 00:00:04.663 Good afternoon, and thank you for joining us for Rivian's fourth quarter and full year 00:00:04.663 -- 00:00:10.036 2025 earnings call. Today, I'm joined by RJ Scaringe, our CEO and founder, 00:00:10.036 -- 00:00:14.767 Claire McDonough, our chief financial officer, and Javier Varela, our chief operations 00:00:14.767 -- 00:00:19.834 officer. Before we begin, matters discussed on this call, including comments and 00:00:19.834 -- 00:00:24.077 responses to questions, reflect management's views as of today. 00:00:24.077 -- 00:00:28.501 We will also be making statements related to our business, operations, and financial 00:00:28.501 -- 00:00:32.645 performance that may be considered forward-looking statements under federal securities 00:00:32.645 -- 00:00:37.950 law. Such statements involve risks and uncertainties that could cause actual results 00:00:37.950 -- 00:00:39.792 to differ materially. 00:00:39.792 -- 00:00:44.396 These risks and uncertainties are described in our SEC filings and the shareholder letter 00:00:44.396 -- 00:00:49.610 we filed with the SEC. During this call, we will discuss both GAAP and non-GAAP 00:00:49.610 -- 00:00:54.948 financial measures. A reconciliation of historical non-GAAP to GAAP financial measures 00:00:54.948 -- 00:01:00.312 is provided in our shareholder letter. Just before the earnings call, we published and 00:01:00.312 -- 00:01:04.596 filed our shareholder letter, which includes an overview of our progress over the recent 00:01:04.596 -- 00:01:09.602 months. I encourage you to read it for additional details around some of the items we 00:01:09.602 -- 00:01:14.767 will cover on today's call. Following our prepared remarks, we will be taking questions 00:01:14.767 -- 00:01:19.512 from sell-side an...