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Stock research / United States / RIVN · Motor Vehicles & Passenger Car Bodies · Nasdaq

Rivian Automotive, Inc. (RIVN)

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Rivian Automotive, Inc. (RIVN) reported revenue of $1.7 billion for Q2 FY2026, the quarter ended 30 June 2026, up 27.2% on the same quarter a year earlier. Net income was -$833 million, and diluted earnings per share $-0.63. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$1.7 billionup 27.2%
Net income-$833 million
Diluted EPS$-0.63
QuarterQ2 FY2026ended 30 June 2026

Rivian Automotive (RIVN) in brief

Rivian Automotive (RIVN) reported revenue of $5.4 billion for fiscal 2025, the year ended 31 December 2025, up 8.4% on the year before.
Read moreNet loss was $3.6 billion and the diluted loss per share $3.07. Revenue was $5.0 billion in fiscal 2024, $4.4 billion in fiscal 2023, $1.7 billion in fiscal 2022 and $55 million in fiscal 2021. Net income in the same years was a loss of $4.7 billion, a loss of $5.4 billion, a loss of $6.8 billion and a loss of $4.7 billion. Over the twelve months to 30 June 2026, Rivian Automotive reported revenue of $5.9 billion and net loss of $3.2 billion. Rivian Automotive had 1.36 billion shares outstanding at the latest filed count. At 30 June 2026 it carried $4.4 billion of debt and $3.6 billion of cash. At the close of 27 October 2026 the market cap of Rivian Automotive was $16.1 billion.

Ratios

From the filings

ROE-63.1%
ROCE-36.9%
Operating margin-60.1%
Net margin-55.0%
FCF margin-59.3%
Interest cover-13.28
Debt to equity0.87
Cash conversionn/a
Share count, last 12 months12.2%
Sales CAGR, 3 years48.1%
Profit CAGR, 3 yearsn/a
EPS, TTM-$2.58

At the close of 27 October 2026

Price$11.80
Market cap$16.1 billion
Stock P/En/a
Price to book3.13
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales2.73
52-week high$22.45
52-week low$11.43
Price, 1 year-12.0%
Price CAGR, 3 years-9.7%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Rivian Automotive, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
RIVNgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RIVN

Dividendsno dividend in its filings for fiscal 2019 onward
Filings28 in twelve months: 18 current reports (8-K), about 6 regulation FD disclosure; 5 results of operations; 3 officer or director change; 3 unregistered sale of equity; 2 new financial obligation
Planned insider sales29 Form 144 notices in twelve months, $11.5 million; latest 1 October 2026
Options tapeput/call 0.66 by open interest at the 27 October 2026 close; the straddle prices a 11.8% move to 30 October 2026
13F holders826 funds reported a position for the quarter to 30 June 2026; largest Amazon Com Inc.
Insider trading31 sales and 6 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest164.1 million shares short, 6.20 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1.054.095.03645366636611,1211,3371,3151,2041,1588741,7341,2401,3031,5581,2861,3811,658
Cost of revenue83.04375971,0681,4531,6631,1961,5331,8141,9211,7311,6091,2661,5641,0341,5091,5341,1661,2621,479
Gross profit-82.0-383-502-704-917-1,000-535-412-477-606-527-451-392170206-20624.0120119179
Gross margin-8200%-709%-528%-193%-171%-151%-81%-37%-36%-46%-44%-39%-45%10%17%-16%2%9%9%11%
R&D441726547543452402496444529526461428350374381410453424458466
SG&A253682530461405393402429434449496496427457480498554529542549
Operating income-776-2,454-1,579-1,708-1,774-1,795-1,433-1,285-1,440-1,581-1,484-1,375-1,169-661-655-1,114-983-833-881-836
Operating margin-77600%-4544%-1662%-469%-331%-271%-217%-115%-108%-120%-123%-119%-134%-38%-53%-85%-63%-65%-64%-50%
Interest expense1.022.022.024.024.033.038.054.055.073.075.075.087.081.072.069.069.064.065.068.0
Pre-tax income-1,233-2,461-1,593-1,709-1,723-1,723-1,348-1,195-1,367-1,521-1,445-1,456-1,100-740-539-1,113-1,167-801-418-838
Net income-1,233-2,461-1,593-1,712-1,724-1,723-1,349-1,195-1,367-1,521-1,446-1,457-1,100-744-545-1,117-1,173-811-416-833
Net margin-123300%-4557%-1677%-470%-322%-260%-204%-107%-102%-116%-120%-126%-126%-43%-44%-86%-75%-63%-30%-50%
Diluted EPS-$12.21-$0.93-$1.77-$1.89-$1.88-$1.86-$1.45-$1.27-$1.44-$1.58-$1.48-$1.46-$1.08-$0.70-$0.48-$0.97-$0.96-$0.66-$0.33-$0.63
Operating cash flow-685-1,086-1,034-1,204-1,368-1,446-1,521-1,361-877-1,107-1,269-754-8761,183-18864.026.0-681-703-487
Capital expenditure464459418359298294283255190298254283277327338462447463372362
Free cash flow-1,149-1,545-1,452-1,563-1,666-1,740-1,804-1,616-1,067-1,405-1,523-1,037-1,153856-526-398-421-1,144-1,075-849
Shares outstanding102m900m901m916m921m926m939m946m956m968m994m1,008m1,021m1,131m1,146m1,214m1,226m1,240m1,260m1,362m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue0.00.055.01,6584,4344,9705,3875,883
Cost of revenue0.00.05204,7816,4646,1705,2435,441
Gross profit0.00.0-465-3,123-2,030-1,200144442
Gross marginn/an/a-845.5%-188.4%-45.8%-24.1%2.7%7.5%
Research and development3017661,8501,9441,9951,6131,6681,801
Selling, general and administrative1082551,2421,7891,7141,8762,0612,174
Operating income-409-1,021-4,220-6,856-5,739-4,689-3,585-3,533
Operating marginn/an/a-7672.7%-413.5%-129.4%-94.3%-66.5%-60.1%
Interest expense34.08.029.0103220318274266
Pre-tax income-426-1,018-4,688-6,748-5,431-4,741-3,620-3,224
Income tax0.00.00.04.01.05.06.0-1.0
Net income-426-1,018-4,688-6,752-5,432-4,747-3,646-3,233
Net marginn/an/a-8523.6%-407.2%-122.5%-95.5%-67.7%-55.0%
Diluted EPS-$4.35-$10.09-$22.98-$7.40-$5.74-$4.69-$3.07-$2.58
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Automotive4,1324,4863,83071.1%
Software and Services3024841,55728.9%
AutomotiveSoftware and Services
4,434FY20234,970FY20245,387FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-353-848-2,622-5,052-4,866-1,716-779-1,845
Capital expenditure1999141,7941,3691,0261,1411,7101,644
Free cash flow-552-1,762-4,416-6,421-5,892-2,857-2,489-3,489
Free cash flow marginn/an/a-8029.1%-387.3%-132.9%-57.5%-46.2%-59.3%
Cash from investing-199-914-1,794-1,369-2,511-1,980-1,828-839
Cash from financing2,8112,50019,82899.03,1301,1368861,466
Depreciation and amortisation7.029.01976529371,031784819
Share-based compensation0.00.0570987821692741797
Diluted shares, weighted98m101m204m913m947m1,013m1,186m1,325m
Shares outstanding at period end100m101m900m926m968m1,131m1,240m1,362m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-375-1,38419,51413,7999,1416,5624,5945,127
Non-controlling interestn/an/an/an/a0.0n/an/an/a
Redeemable equity2,7505,2440.00.00.0n/an/an/a
Debtn/a75.01,2261,2314,4314,4414,4404,444
Operating lease liabilitiesn/a83.0218311324379551693
Finance lease liabilitiesn/an/an/an/a76.085.091.099.0
Other liabilitiesn/a5841,3362,5352,8063,9435,1884,777
Total liabilities and equityn/a4,60222,29417,87616,77815,41014,86415,140
Owned
Fixed assetsn/a1,4453,1833,758n/an/an/an/a
Investmentsn/an/an/a0.01,5112,4062,5031,718
Cash and equivalents2,2732,97918,13311,5687,8575,2943,5793,592
Receivablesn/a6.026.0102161443555370
Inventoryn/a0.02741,3482,6202,2481,5941,661
Other assetsn/a1726781,1004,6295,0196,6337,799
Total assetsn/a4,60222,29417,87616,77815,41014,86415,140
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a48.1%14.2%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-56.8%-70.4%-79.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Rivian Automotive's revenue in fiscal 2025?

Rivian Automotive (RIVN) reported revenue of $5.4 billion for fiscal 2025, the year ended 31 December 2025, up 8.4% on the year before.

How much did Rivian Automotive earn in fiscal 2025?

Net loss was $3.6 billion for fiscal 2025, and the diluted loss per share $3.07.

What is Rivian Automotive's market cap?

The market cap of Rivian Automotive was $16.1 billion at the close of 27 October 2026.

How much debt does Rivian Automotive have?

At 30 June 2026 Rivian Automotive carried $4.4 billion of debt and $3.6 billion of cash.

Peers: Automobiles and Trucks

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Tesla, Inc. TSLA$1.61 trillion447.723.6%3.3%8.3%0.11n/a
Toyota Motor Corp. TM *$232.9 billion10.459.6%7.4%5.5%1.083.5%
Ferrari N.V. RACE *$69.1 billion38.8540.9%29.5%7.0%0.740.9%
General Motors Co. GM$68.4 billion18.486.3%2.3%-0.3%2.050.7%
Paccar Inc. PCAR$54.6 billion21.7912.3%n/a-10.6%0.722.6%
Ford Motor Co. F$46.7 billionn/a-20.7%-3.7%1.5%4.515.1%
Honda Motor Co. Ltd. HMC *$44.2 billionn/a-3.6%-1.9%0.5%1.144.3%
Rivian Automotive, Inc. RIVN$16.1 billionn/a-63.1%-60.1%14.2%0.87n/a
Stellantis N.V. STLA *$12.0 billionn/a-41.8%-17.1%-2.1%0.8618.4%
Li Auto Inc. LI *$11.4 billion69.541.5%-0.5%-22.3%0.13n/a
XPeng Inc. XPEV *$8.9 billionn/a-3.8%-3.6%87.7%0.42n/a
Oshkosh Corp. OSK$8.3 billion15.3712.3%7.5%2.2%0.241.6%
All 40 in Automobiles and Trucks
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Tesla, Inc. TSLA$1.61 trillion447.723.6%3.3%8.3%0.11n/a
Toyota Motor Corp. TM *$232.9 billion10.459.6%7.4%5.5%1.083.5%
Ferrari N.V. RACE *$69.1 billion38.8540.9%29.5%7.0%0.740.9%
General Motors Co. GM$68.4 billion18.486.3%2.3%-0.3%2.050.7%
Paccar Inc. PCAR$54.6 billion21.7912.3%n/a-10.6%0.722.6%
Ford Motor Co. F$46.7 billionn/a-20.7%-3.7%1.5%4.515.1%
Honda Motor Co. Ltd. HMC *$44.2 billionn/a-3.6%-1.9%0.5%1.144.3%
Rivian Automotive, Inc. RIVN$16.1 billionn/a-63.1%-60.1%14.2%0.87n/a
Stellantis N.V. STLA *$12.0 billionn/a-41.8%-17.1%-2.1%0.8618.4%
Li Auto Inc. LI *$11.4 billion69.541.5%-0.5%-22.3%0.13n/a
Borgwarner Inc. BWA$11.3 billion27.847.4%5.0%2.2%0.691.2%
Aptiv plc APTV$9.1 billion41.182.5%5.3%-5.4%0.610.0%
Allison Transmission Holdings Inc. ALSN$8.9 billion17.1126.7%19.6%37.6%2.071.0%
XPeng Inc. XPEV *$8.9 billionn/a-3.8%-3.6%87.7%0.42n/a
Autoliv Inc. ALV$8.4 billion13.9225.3%9.1%4.3%0.793.0%
Oshkosh Corp. OSK$8.3 billion15.3712.3%7.5%2.2%0.241.6%
NIO Inc. NIO *$8.2 billionn/a-374.3%-16.0%33.1%3.36n/a
Modine Manufacturing Co. MOD$7.3 billion51.3512.0%10.1%29.5%0.44n/a
Federal Signal Corp. FSS$7.1 billion25.0018.9%16.2%24.0%0.300.5%
Lear Corp. LEA$5.8 billion10.8710.7%3.7%3.5%0.532.6%
Terex Corp. TEX$5.7 billion25.353.0%5.7%29.2%0.541.4%
Gentex Corp. GNTX$4.3 billion10.6916.0%19.3%10.1%0.002.4%
Garrett Motion Inc. GTX$4.1 billion12.10n/an/a8.5%n/a1.4%
Dorman Products, Inc. DORM$3.7 billion18.5312.9%13.3%2.2%0.281.2%
Atmus Filtration Technologies Inc. ATMU$3.7 billion17.2547.3%17.2%13.1%2.200.5%
Thor Industries Inc. THO$3.6 billion20.784.2%n/a0.3%0.223.0%
Polaris Inc. PII$3.3 billionn/a-24.4%-1.8%9.5%1.934.7%
Versigent plc VGNT$2.9 billionn/an/an/an/a26.16n/a
Dana Inc. DAN$2.9 billion2.7158.1%n/a3.7%0.701.6%
Patrick Industries Inc. PATK$2.3 billion17.0513.0%6.7%3.2%1.251.8%
LCI Industries LCII$2.2 billion10.4514.8%7.5%4.1%0.605.1%
Phinia Inc. PHIN$2.1 billion16.558.8%7.0%7.7%0.662.0%
Visteon Corp. VC$1.8 billion12.7111.3%n/a1.9%0.230.5%
Blue Bird Corp. BLBD$1.8 billion6.9143.0%11.8%13.5%0.13n/a
Adient plc ADNT$1.3 billion28.102.8%n/a5.0%1.381.6%
Goodyear Tire & Rubber Co. GT$1.3 billionn/an/an/a-4.3%2.530.0%
Dauch Corp. DCH$1.1 billionn/a-11.0%1.0%41.0%3.39n/a
Gentherm Inc. THRM$978 million106.121.3%3.4%8.8%0.44n/a
Standard Motor Products, Inc. SMP$841 million16.807.1%8.4%11.3%0.823.4%
Winnebago Industries Inc. WGO$810 million23.522.8%2.4%-3.4%0.365.0%
13 companies share its SEC industry code (Motor Vehicles & Passenger Car Bodies); the rest are the names nearest in size in its wider industry, Automobiles and Trucks, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202424 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR