Rivian Q1 revenue up 11% to $1.38B, gross profit $119M; starts R2 production, $1B VW investment

Rivian Automotive, Inc. / DE

2026-Q1 EPS reported -$0.33 revenue$1,381,000,000

Revenue $1.38B (+11% YoY); auto revenue $908M (-2% YoY) on $100M credit decline; software/services $473M (+49%).
Consolidated gross profit $119M (down $87M YoY); auto segment gross loss $(62)M due to lower regulatory credit sales.
Adjusted EBITDA loss widened to $(472)M from $(329)M; free cash flow negative $(1,075)M; cash and investments $4.83B.
Started production of saleable R2; Uber robotaxi partnership for up to 50,000 R2s; Uber to invest up to $1.25B.
Received $1B from VW Group via 62.9M shares at $15.90; Georgia plant capacity raised to 300k/yr; DOE loan expected early 2027.

item 2.02 item 3.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rivian Automotive, Inc. / DE reported the first quarter ended March 31, 2026 results: revenue $1,381 million.

Period: the first quarter ended March 31, 2026
Revenue: $1,381 million
Result: reported results

Exact text from the filing

Consolidated revenue was $1,381 million, an 11 percent increase over the same quarter of the previous year.

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Source: SEC EDGAR

accession 0001874178-26-000033

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