Income StatementBalance SheetCash FlowSegments
Rivian Automotive, Inc. logo

Rivian Automotive, Inc. Business Segments

Business, geographic, and product segment breakdowns

Rivian Automotive, Inc. generates $5.5B in annual revenue across 2 key segments: Automotive (-$586.0M), and Software and Services ($643.0M). The company-wide operating margin is -68.94%. Based on the Q1 2026 filing.

Automotive (TTM)-$586.0MSoftware and Services (TTM)$643.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$20.4B
ROE-65.99%

Products & Services

Total cost of revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$830.0M$1.3B$1.3B$898.0M$970.0M—
Software and services$204.0M$247.0M$262.0M$268.0M$292.0M—

Total revenues (Note 3)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$922.0M$927.0M$1.1B$839.0M$908.0M—
New electric vehicles$764.0M$924.0M$1.1B$810.0M$850.0M—
Regulatory credits$159.0M$7.0M$1.0M$30.0M$59.0M—
Software and services$318.0M$376.0M$416.0M$447.0M$473.0M—

Total revenues (Note 4)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Software and services$317.0M$376.0M$416.0M$448.0M$472.0M—

Capital shares reserved for future issuance

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Start of Production Milestone Payments$62.5M$62.5M$62.5M$62.5M$250.0M—
Testing Milestone Payments$250.0M$250.0M$250.0M$250.0M——

Receivable, contingent on milestone achievement

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Start of Production Milestone Payments———$460.0M$460.0M—
Testing Milestone Payments———$1.0B——

Total deferred revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Start of Production Milestone Payments$210.0M$210.0M$210.0M$210.0M$210.0M—

Exercise price (in USD per share)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————$0.00—

Maximum aggregate milestone payments

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————$950.0M—

Remaining milestone payments, number

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————4.00—

Share price (in dollars per share)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————$15.34—

Subscription agreement, amount, subject to satisfaction of closing conditions

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and Circulation————$300.0M—

Price per share (in dollars per share)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Testing Milestone Payments—————$15.90

Proceeds from stock-based compensation programs

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Testing Milestone Payments—————$1.0B

Business Segments

Gross Profit

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$92.0M-$335.0M-$130.0M-$59.0M-$62.0M—
Software and Services$114.0M$129.0M$154.0M$179.0M$181.0M—

Total cost of revenues (Note 4)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$830.0M$1.3B$1.3B$898.0M$970.0M—
Software and Services$204.0M$247.0M$262.0M$268.0M$292.0M—

Total revenues (Note 4)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Automotive$922.0M$927.0M$1.1B$839.0M$908.0M—