As of Q4'25, Rivian's gross margin stands at 9.3%, operating margin at -64.8%, and net profit margin at -63.1%. This marks a significant improvement in gross margin, which has turned positive for the second consecutive quarter, while operating and net profit margins, though still negative, have narrowed compared to previous periods. From Q1'23 to Q4'25, the chart shows a clear trend of margin improvement across all three metrics. Gross margin has steadily recovered from -80.9% in Q1'23, reaching positive territory in Q4'24 and maintaining gains into 2025. Operating and net profit margins, while remaining negative throughout the period, have also shown consistent narrowing of losses, especially after Q4'24. The data suggests Rivian is making progress toward profitability, with notable inflection points in late 2024 as gross margin turns positive and loss margins contract sharply.