RIVN · Rivian Automotive, Inc. / De - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | - | $1.56B | $1.30B | $1.24B | - | $874.00M | $1.16B | $1.20B | - |
| Cost of Revenue | $1.26B | - | $1.53B | $1.51B | $1.03B | - | $1.27B | $1.61B | $1.73B | - |
| Gross Profit | $119.00M | - | $24.00M | ($206.00M) | $206.00M | - | ($392.00M) | ($451.00M) | ($527.00M) | - |
| R&D | $458.00M | - | $453.00M | $410.00M | $381.00M | - | $350.00M | $428.00M | $461.00M | - |
| SG&A | $542.00M | - | $554.00M | $498.00M | $480.00M | - | $427.00M | $496.00M | $496.00M | - |
| Total Operating Expenses | $1.00B | - | $1.01B | $908.00M | $861.00M | - | $777.00M | $924.00M | $957.00M | - |
| D&A | $194.00M | - | $175.00M | $186.00M | $200.00M | - | $248.00M | $269.00M | $280.00M | - |
| Operating Income | ($881.00M) | - | ($983.00M) | ($1.11B) | ($655.00M) | - | ($1.17B) | ($1.38B) | ($1.48B) | - |
| Interest Expense | $65.00M | - | $69.00M | $69.00M | $75.00M | - | $55.00M | $54.00M | $75.00M | - |
| Income Tax | ($2.00M) | - | ($1.00M) | $2.00M | $2.00M | - | $0 | $1.00M | $1.00M | - |
| Net Income | ($416.00M) | - | ($1.17B) | ($1.12B) | ($545.00M) | - | ($1.10B) | ($1.46B) | ($1.45B) | - |
| EPS - Basic | ($0.33) | - | ($0.96) | ($0.97) | ($0.48) | - | ($1.08) | ($1.46) | ($1.48) | - |
| EPS - Diluted | ($0.33) | - | ($0.96) | ($0.97) | ($0.48) | - | ($1.08) | ($1.46) | ($1.48) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.85B | $3.58B | $4.44B | $4.81B | $4.69B | $5.29B | $5.40B | $5.76B | $5.98B | $7.86B |
| Accounts Receivable | $342.00M | $555.00M | $203.00M | $254.00M | $412.00M | $443.00M | $217.00M | $249.00M | $389.00M | $161.00M |
| Inventory | $1.54B | $1.59B | $1.64B | $2.10B | $2.59B | $2.25B | $2.68B | $2.58B | $2.80B | $2.62B |
| Accounts Payable | $754.00M | $595.00M | $554.00M | $489.00M | $713.00M | $499.00M | $617.00M | $769.00M | $1.02B | $981.00M |
| Current Assets | $7.04B | $8.59B | $9.28B | $10.12B | $10.39B | $10.58B | $9.84B | $10.96B | $11.31B | $12.31B |
| Total Assets | $14.23B | $14.86B | $15.22B | $15.60B | $15.51B | $15.41B | $14.26B | $15.35B | $15.73B | $16.78B |
| Current Liabilities | $3.35B | $3.69B | $3.42B | $2.94B | $2.79B | $2.25B | $1.93B | $2.09B | $2.40B | $2.49B |
| Long-term Debt | $4.44B | $4.44B | $4.44B | $4.44B | $4.44B | $4.44B | $5.47B | $5.53B | $4.43B | $4.43B |
| Total Liabilities | $9.80B | $10.27B | $10.13B | $9.52B | $9.28B | $8.85B | $8.36B | $8.54B | $7.67B | $7.64B |
| Stockholders' Equity | $4.43B | $4.59B | $5.90B | $6.08B | $8.07B | $6.56B | $5.90B | $6.82B | $8.07B | $9.14B |
| Retained Earnings | ($27.37B) | ($26.95B) | ($26.14B) | ($24.97B) | ($23.85B) | ($23.30B) | ($22.56B) | ($21.46B) | ($20.00B) | ($18.56B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($703.00M) | - | - | - | ($188.00M) | - | - | - | ($1.27B) | - |
| Investing Cash Flow | ($25.00M) | - | - | - | ($408.00M) | - | - | - | ($606.00M) | - |
| Financing Cash Flow | ($2.00M) | - | - | - | ($6.00M) | - | - | - | ($2.00M) | - |
| CapEx | $372.00M | - | - | - | $338.00M | - | - | - | $254.00M | - |
| Free Cash Flow | ($1.07B) | - | - | - | ($526.00M) | - | - | - | ($1.52B) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 8.6% | - | 1.5% | -15.8% | 16.6% | - | -44.9% | -38.9% | -43.8% | - |
| Operating margin | -63.8% | - | -63.1% | -85.5% | -52.8% | - | -133.8% | -118.7% | -123.3% | - |
| EBITDA margin | -49.7% | - | -51.9% | -71.2% | -36.7% | - | -105.4% | -95.5% | -100.0% | - |
| Net margin | -30.1% | - | -75.3% | -85.7% | -44.0% | - | -125.9% | -125.8% | -120.1% | - |
| Free cash flow margin | -77.8% | - | - | - | -42.4% | - | - | - | -126.5% | - |
| FCF / Net income | 2.58 | - | - | - | 0.97 | - | - | - | 1.05 | - |
| R&D / Revenue | 33.2% | - | 29.1% | 31.5% | 30.7% | - | 40.0% | 37.0% | 38.3% | - |
| SG&A / Revenue | 39.2% | - | 35.6% | 38.2% | 38.7% | - | 48.9% | 42.8% | 41.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -2.9% | - | -7.7% | -7.2% | -3.5% | - | -7.7% | -9.5% | -9.2% | - |
| Return on equity | -9.4% | - | -19.9% | -18.4% | -6.8% | - | -18.6% | -21.4% | -17.9% | - |
| Return on invested capital | -7.8% | - | -7.5% | -8.4% | -4.1% | - | -8.1% | -8.8% | -9.4% | - |
| Liquidity | ||||||||||
| Current ratio | 2.10 | 2.33 | 2.71 | 3.44 | 3.73 | 4.70 | 5.09 | 5.25 | 4.71 | 4.95 |
| Quick ratio | 1.64 | 1.89 | 2.23 | 2.72 | 2.80 | 3.70 | 3.70 | 4.01 | 3.55 | 3.90 |
| Cash ratio | 0.85 | 0.97 | 1.30 | 1.64 | 1.68 | 2.35 | 2.79 | 2.76 | 2.49 | 3.16 |
| Leverage | ||||||||||
| Debt / Equity | 1.00 | 0.97 | 0.75 | 0.73 | 0.55 | 0.68 | 0.93 | 0.81 | 0.55 | 0.48 |
| Debt / Assets | 0.31 | 0.30 | 0.29 | 0.28 | 0.29 | 0.29 | 0.38 | 0.36 | 0.28 | 0.26 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -13.6x | - | -14.2x | -16.1x | -8.7x | - | -21.3x | -25.5x | -19.8x | - |
| Equity multiplier | 3.21 | 3.24 | 2.58 | 2.57 | 1.92 | 2.35 | 2.42 | 2.25 | 1.95 | 1.84 |
| Liabilities / Assets | 0.69 | 0.69 | 0.67 | 0.61 | 0.60 | 0.57 | 0.59 | 0.56 | 0.49 | 0.46 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.10 | 0.08 | 0.08 | - | 0.06 | 0.08 | 0.08 | - |
| Inventory turnover | 0.82 | - | 0.94 | 0.72 | 0.40 | - | 0.47 | 0.62 | 0.62 | - |
| Days sales outstanding | 90d | - | 48d | 71d | 121d | - | 91d | 78d | 118d | - |
| Days inventory outstanding | 446d | - | 390d | 509d | 914d | - | 773d | 586d | 590d | - |
| Days payable outstanding | 218d | - | 132d | 118d | 252d | - | 178d | 174d | 215d | - |
| Cash conversion cycle | 319d | - | 305d | 462d | 783d | - | 685d | 490d | 493d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 4.2x | - | 3.0x | 2.6x | 1.8x | - | 1.9x | 2.0x | 1.3x | - |
| P / S | 13.6x | - | 11.5x | 12.2x | 11.4x | - | 13.0x | 11.6x | 8.9x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.4% | - | 78.3% | 12.5% | 3.0% | - | -34.6% | 3.3% | 82.1% | - |
| Revenue CAGR (3y) | 27.8% | - | 42.7% | 53.0% | 135.5% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -42.2% | - | - | 54.3% | - | - | 17.8% | -9.5% | 1.5% | - |
| Operating income growth (YoY) | -34.5% | - | 15.9% | 19.0% | 55.9% | - | 18.8% | -7.0% | -3.6% | - |
| Net income growth (YoY) | 23.7% | - | -6.6% | 23.3% | 62.3% | - | 19.5% | -21.9% | -7.2% | - |
| EPS growth (YoY) | 31.2% | - | 11.1% | 33.6% | 67.6% | - | 25.0% | -15.0% | -2.1% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -104.4% | - | - | - | 65.5% | - | - | - | 15.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -45.1% | -30.0% | 0.0% | -10.8% | 0.0% | -28.2% | -44.1% | -41.8% | -36.7% | -33.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.39B totalAutomotive Segment$3.83B · 71.1%
Software And Services Segment$1.56B · 28.9%
Product / service
$10.77B totalAutomotive$3.83B · 35.5%
Vehicles$3.64B · 33.8%
Software And Services$1.56B · 14.5%
Software And Services Revenue$1.55B · 14.4%
Regulatory Credits$197.00M · 1.8%
Peer comparison
Same SIC group: Motor Vehicles & Passenger Car Bodies
Comparing Rivian Automotive against the 5 most active filers in the same SIC group.