Contract with Customer, Liability
Rivian Automotive, Inc. Contract with Customer, Liability decreased by 12.3% to $2.05B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.2%, from $1.90B to $2.05B. Over 2 years (FY 2023 to FY 2025), Contract with Customer, Liability shows an upward trend with a 225.6% CAGR.
Analysis
How to read this metric
An increase indicates higher deferred revenue and future service obligations, while a decrease suggests revenue is being recognized faster than new prepayments are received.
Detailed definition
This represents the obligation to transfer services to a customer for which the entity has received consideration or for...
Peer comparison
Similar to deferred revenue or contract liabilities reported by other asset management and financial services companies.
other_contract_with_customer_liabilityHistorical Data
| 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 | $116.00M | $156.00M | $186.00M | $221.00M | $249.00M | $268.00M | $283.00M | $1.84B | $1.90B | $2.24B | $2.34B | $2.34B | $2.05B |
| QoQ Change | — | +34.5% | +19.2% | +18.8% | +12.7% | +7.6% | +5.6% | +550.2% | +3.2% | +18.1% | +4.1% | +0.3% | -12.3% |
| YoY Change | — | — | — | — | +114.7% | +71.8% | +52.2% | +732.6% | +662.7% | +736.9% | +725.1% | +27.3% | +8.2% |
Product Breakdown
| Segment | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|
| Start of Production Milestone Payments | — | $210.00M | $210.00M | $210.00M | $210.00M | $210.00M |
| Financial Milestone Payments | — | $250.00M | $250.00M | $250.00M | — | — |
| License | $1.30B | $1.30B | $1.30B | $1.30B | $1.30B | — |
| Noncash Consideration | $201.00M | $201.00M | $201.00M | $201.00M | — | — |
| Total | $1.84B | $1.90B | $2.24B | $2.34B | $2.34B | $2.05B |
Financial Milestone Payments, License, Noncash Consideration were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Contract with Customer, Liability at Other Companies
Frequently Asked Questions
- What is Rivian Automotive, Inc.'s contract with customer, liability?
- Rivian Automotive, Inc. (RIVN) reported contract with customer, liability of $2.05B in Q1 2026.
- How has Rivian Automotive, Inc.'s contract with customer, liability changed year-over-year?
- Rivian Automotive, Inc.'s contract with customer, liability increased by 8.2% year-over-year, from $1.90B to $2.05B.
- What is the long-term trend for Rivian Automotive, Inc.'s contract with customer, liability?
- Over 2 years (2023 to 2025), Rivian Automotive, Inc.'s contract with customer, liability has grown at a 225.6% compound annual growth rate (CAGR), from $221.00M to $2.34B.
- What does contract with customer, liability mean?
- The value of services owed to customers for which payment has already been received.