What is Rivian Automotive, Inc.'s R&D?

Rivian Automotive, Inc. (RIVN) reported R&D of $458M in Q1 2026.

How has Rivian Automotive, Inc.'s R&D changed year-over-year?

Rivian Automotive, Inc.'s R&D increased by 20.2% year-over-year, from $381M to $458M.

What is the long-term trend for Rivian Automotive, Inc.'s R&D?

Over 4 years (2021 to 2025), Rivian Automotive, Inc.'s R&D has grown at a -2.6% compound annual growth rate (CAGR), from $1.85B to $1.67B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Rivian Automotive, Inc. RIVN R&D

R&D at other companies

Ford Motor CompanyF

$2.35B+17.5%

Tesla, Inc.TSLA

$2.37B+49.2%

Aptera Motors Corp. SEV

$5.91M+83.7%

Lucid Group, Inc.LCID

$335.67M+33.6%

Faraday Future Intelligent Electric Inc.FFAI

$6.99M+8.9%

VontierVNT

$41.4M+3.0%

Other financials

Income statement

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Revenue$1.7B+27.2%

Gross profit$119.0M-42.2%

Operating income-$881.0M-34.5%

Net income-$833.0M+25.4%

EPS (diluted)-$0.63+35.1%

Balance sheet

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Cash & equivalents$2.8B-39.4%

Total debt$5.2B+7.5%

Total equity$4.4B-28.9%

Total assets$14.2B-8.2%

Cash flow

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Operating cash flow-$703.0M-274%

CapEx$372.0M+10.1%

Free cash flow-$1.1B-104%

Valuation

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Market cap$24.16B+54.4%

Enterprise value$26.54B+47.8%

P/S4.1×+1.1×

Profitability

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Gross margin1%—

Operating margin-68.9%-6.6pp

Net margin-55%-8.9pp

FCF margin-55%—

Returns & leverage

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Return on equity-66%+19.4pp

Debt / equity1.2×+0.4×

Current ratio2.1×-1.6×

Where this comes from

Reported directly by Rivian Automotive, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Rivian Automotive, Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rivian Automotive, Inc.'s R&D?: Rivian Automotive, Inc. (RIVN) reported R&D of $458M in Q1 2026.
How has Rivian Automotive, Inc.'s R&D changed year-over-year?: Rivian Automotive, Inc.'s R&D increased by 20.2% year-over-year, from $381M to $458M.
What is the long-term trend for Rivian Automotive, Inc.'s R&D?: Over 4 years (2021 to 2025), Rivian Automotive, Inc.'s R&D has grown at a -2.6% compound annual growth rate (CAGR), from $1.85B to $1.67B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.