Income StatementBalance SheetCash FlowSegments
Rivian Automotive, Inc. logo

Rivian Automotive, Inc. Income Statement

Revenue, expenses, and profitability over time

Rivian Automotive, Inc. generated $5.5B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was -$3.5B with a -63.62% net margin. Gross margin stands at 1.03% and operating margin at -68.94%. Diluted EPS is $-2.91, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$5.5BGross Profit (TTM)$57.0MOperating Income (TTM)-$3.8BNet Income (TTM)-$3.5BEps Diluted (TTM)$-2.91
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$20.4B
ROE-65.99%

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders-$744.0M-$545.0M-$1.1B-$1.2B-$811.0M-$416.0M
Net Income Allocated to Common (Diluted)-$744.0M-$545.0M-$1.1B-$1.2B-$811.0M-$416.0M
Net earnings to common-$744.0M-$545.0M-$1.1B-$1.2B-$811.0M-$416.0M
Net Income Available to Common Stockholders (Diluted)-$744.0M-$545.0M-$1.1B-$1.2B-$811.0M-$416.0M
Net Income Available to Common Shareholders-$744.0M-$545.0M-$1.1B-$1.2B-$811.0M-$416.0M
Net income-$744.0M-$545.0M-$1.1B-$1.2B-$811.0M-$416.0M
Net income attributable to common stock-$744.0M-$545.0M-$1.1B-$1.2B-$811.0M-$416.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax-$744.0M-$545.0M-$1.1B-$1.2B-$811.0M-$416.0M
Gain (Loss) on Convertible Debt-$28.0M$0.0$0.0$0.0$0.0—
Other income, net (Note 6)—$107.0M-$2.0M-$191.0M—$478.0M
Revenue From Contract With Customer Excluding Assessed Tax$1.7B$1.2B$1.3B$1.6B$1.3B$1.4B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.68$-0.48$-0.97$-0.96$-0.65$-0.33
Diluted earnings per share$-0.68$-0.48$-0.97$-0.96$-0.65$-0.33
Weighted-average shares, basic15M1.1B1.2B1.2B15M1.2B
Weighted-average shares, diluted15M1.1B1.2B1.2B15M1.2B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit—$206.0M-$206.0M$24.0M$120.0M$119.0M
Operating income-$661.0M-$655.0M-$1.1B-$983.0M-$833.0M-$881.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges—$107.0M-$2.0M-$191.0M—$478.0M
Interest expense$81.0M$72.0M$69.0M$69.0M$64.0M$65.0M
Interest income$83.0M$81.0M$72.0M$76.0M$64.0M$50.0M
Other income (expense), net—$107.0M-$2.0M-$191.0M—$478.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$740.0M-$539.0M-$1.1B-$1.2B-$801.0M-$418.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$3.0M$2.0M$2.0M-$1.0M$3.0M-$2.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Research and development$374.0M$381.0M$410.0M$453.0M$424.0M$458.0M
Selling, general and administrative$457.0M$480.0M$498.0M$554.0M$529.0M$542.0M
Total operating expenses$831.0M$861.0M$908.0M$1.0B$953.0M$1.0B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$1.6B$1.0B$1.5B$1.5B$1.2B$1.3B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.7B$1.2B$1.3B$1.6B$1.3B$1.4B