Rivian Automotive, Inc. Deferred revenue, net of current portion decreased by 17.1% to $884.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 24.1%, from $1.16B to $884.00M. Over 2 years (FY 2023 to FY 2025), Deferred revenue, net of current portion shows an upward trend with a 183.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase signals strong long-term contract growth and future revenue stability, while a decrease may indicate slowing long-term bookings.
This represents revenue that has been billed or collected from customers for services to be delivered beyond the next tw...
Common in SaaS and subscription-based service models; peers in the HCM and payroll space report this to show contract duration.
non_current_liabilities_contract_with_customer_liability_a5d23a| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $58.00M | $78.00M | $109.00M | $133.00M | $158.00M | $177.00M | $187.00M | $1.29B | $1.16B | $1.23B | $1.28B | $1.07B | $884.00M |
| QoQ Change | — | +34.5% | +39.7% | +22.0% | +18.8% | +12.0% | +5.6% | +588.8% | -9.6% | +5.5% | +4.6% | -17.0% | -17.1% |
| YoY Change | — | — | — | — | +172.4% | +126.9% | +71.6% | +868.4% | +636.7% | +593.8% | +586.6% | -17.2% | -24.1% |