Rivian
Builds electric pickups, SUVs, and commercial vans alongside vehicle software and services.
Something off on this page? Send us feedback.
Profile
Sells R1T pickups, R1S and R2 SUVs, and commercial electric vans through a direct model, alongside software, services, and regulatory credits. Vehicle revenue is complemented by a Volkswagen joint venture that develops electrical architecture and software for multiple automotive brands.
Designs and manufactures electric vehicles across the Automotive and Software and Services segments. The vehicle lineup spans the R1T pickup, R1S three-row SUV, newly launched R2 midsize SUV, and Rivian Commercial Van; R3 remains a future product. Sales also include regulatory credits, subscriptions, charging, service, remarketing, and vehicle software and electrical-architecture development.
Vertically integrated work covers propulsion, battery packs, chassis systems, electronics, software, and assisted-driving technology, enabling over-the-air updates and a direct customer relationship. Vehicles are built in Normal, Illinois and sold in the United States and Canada, while the Volkswagen joint venture develops architecture and software for multiple brands.
Growth depends on ramping R2 efficiently, sourcing thousands of components from mostly single- or limited-source suppliers, and funding new capacity. Volkswagen-linked development accounts for most software and services revenue, while Amazon remains a major commercial-van customer.
Company facts
Categories
Key statistics
Year to date −17.2% · Average volume (30d) 23.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Stifel Nicolaus | Target | $20 | $22 | ||
| Aug 4, 2026 | Deutsche Bank | Downgrade | Buy | Underperform | ||
| Jul 31, 2026 | RBC Capital | Reiterate | Sector Perform | $12 | $16 | |
| Jul 31, 2026 | Morgan Stanley | Reiterate | Underweight | $12 | $14 | |
| Jul 31, 2026 | Wells Fargo | Reiterate | Equal Weight | $15 | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | −$0.66 | −$0.47 | +29.1% | $1.52B | $1.66B | +9.2% | −9.57% |
| Apr 30, 2026Q1 FY26 | −$0.60 | −$0.55 | +8.3% | $1.37B | $1.38B | +0.9% | −8.41% |
| Feb 12, 2026Q4 FY25 | −$0.71 | −$0.54 | +23.8% | $1.26B | $1.29B | +1.9% | +26.64% |
| Nov 4, 2025Q3 FY25 | −$0.74 | −$0.70 | +5.3% | $1.51B | $1.56B | +3.2% | +23.36% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.24B | $1.30B | $1.56B | $1.29B | $1.38B | $1.66B | |
| Gross profit | $206.0M | −$206.0M | $24.0M | $120.0M | $119.0M | $179.0M | |
| Operating income | −$655.0M | −$1.11B | −$983.0M | −$833.0M | −$881.0M | −$836.0M | |
| Net income | −$545.0M | −$1.12B | −$1.17B | −$811.0M | −$416.0M | −$833.0M | |
| Diluted EPS | −$0.48 | −$0.97 | −$0.96 | −$0.66 | −$0.33 | −$0.63 | |
| Gross margin | 16.6% | -15.8% | 1.5% | 9.3% | 8.6% | 10.8% | |
| Operating margin | -52.8% | -85.5% | -63.1% | -64.8% | -63.8% | -50.4% |
Fiscal years (4-quarter sums)FY21 $55.0M · FY22 $1.66B · FY23 $4.43B · FY24 $4.97B · FY25 $5.39B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $5.31B · Total debt $5.35B · Total assets $15.14B · Shareholders' equity $5.13B
Dividends
No dividends on record.
Ownership
Shares outstanding 1.21B · Float 836.56M · 68.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Volkswagen AG · 10 percent owner | 209.77M | 17.28% | Form 4 | May 4, 2026 |
| Amazon Com Inc | 158.36M | 13.05% | 13F | Aug 6, 2026 |
| Volkswagen International America Inc. | 82.94M | 7.70% | 13G | Oct 7, 2024 |
| BlackRock, Inc. | 56.42M | 4.65% | 13F | Aug 7, 2026 |
| Baillie Gifford & Co | 43.21M | 3.56% | 13F | Aug 6, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Claire McDonough | officer: Chief Financial Officer | −8,023 | $16.00 |
| Aug 18, 2026 | Claire McDonough | officer: Chief Financial Officer | −13,144 | $14.50 |
| Jul 6, 2026 | Karen Boone | director | −20,000 | $20.00 |
| Jun 3, 2026 | Claire McDonough | officer: Chief Financial Officer | −8,022 | $18.00 |
| May 29, 2026 | Claire McDonough | officer: Chief Financial Officer | −8,023 | $16.00 |
Peers
- Tesla
Dominant EV rival across pickup, SUV, software and autonomy.
- General Motors
Broadest overlap — EV pickups, large SUVs and commercial vans.
- Ford
EV pickup, SUV and commercial-van rival; former co-development partner.
- Lucid Group
Premium EV-startup peer; Gravity SUV contests the R1S directly.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Rivian | $16.02 | −0.33% | $19.51B | — | — | 3.3 | +27.2% |
| Tesla | $348.19 | −0.16% | $1.38T | 322.9 | 174.6 | 13.3 | +25.5% |
| General Motors | $86.10 | −0.20% | $78.03B | 43.6 | 6.3 | 0.4 | +1.9% |
| Ford | $13.89 | +0.07% | $55.31B | — | 8.0 | 0.3 | −3.8% |
| Lucid Group | $5.01 | +0.30% | $1.59B | — | — | 1.0 | +56.2% |
| Median | 183.2 | 8.0 | 0.7 | +13.7% |