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Rivian Automotive, Inc. (RIVN) Stock: Price, Forecast & Analyst Target

Rivian Automotive, Inc. (RIVN) — MoonshotScore 7/100 (Weak band), calculated Oct 4, 2026. Price $14.30 (-3.12%), as of the Oct 2, 2026 trading session; market cap $17.4B. Expected results Oct 29, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 3.28× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Oct 29, 2026

$14.30 −$0.46 (-3.12%) Market Cap $17.4B

Rivian Automotive, Inc. · RIVN · NASDAQ · Consumer Cyclical · Auto - Manufacturers

Research dated 2026-09-12: Rivian designs, engineers and manufactures electric pickups and sport utility vehicles for consumers, while its commercial van platform and software and services activities broaden what reported revenue represents. The equity story hinges on whether the new vehicle ramp can make automotive gross profit durable before operating losses and capital spending consume too much financial flexibility.

Price as of Oct 2, 2026

Key Statistics

7 of 100

MoonshotScore v2 · Rivian Automotive (RIVN)

Weak
Business Quality Poor (2)
Financial Safety Fragile (10)
Valuation Bubble (3)
Growth Durability Flat (48)
Momentum Quiet (44)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Bottom-tier quality, a fragile balance sheet and an expensive valuation, though growth is only middling. Business Quality: Poor; Financial Safety: Fragile; Valuation: Bubble; Growth Durability: Flat; Momentum: Quiet.

  • quarterly revenue $1.66B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 6 of 8
  • Altman Z -1.51 · Piotroski F 3

Holding back: weak fundamentals, balance-sheet strain, a rich price

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for RIVN (29 recorded, newest six shown)
RecordedScoreBand
7Weak
13Weak
7Weak
7Weak
7Weak
7Weak

The score was 7 in the stored Oct 3, 2026 snapshot and remains 7 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Growth Durability -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$14.30
Change on the day-3.12%
52-week range$12.39 – $22.69
Market capitalisation$17.4B
Shares traded on the day59.67M
Beta (volatility vs the S&P 500)1.62

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $13, high $22, latest $14. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $22 $13 high $22 Nov 4, 2025 · Earnings results · reported above the recorded estimate · close $151Feb 12, 2026 · Earnings results · reported above the recorded estimate · close $182Apr 30, 2026 · Earnings results · reported above the recorded estimate · close $153Jul 30, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $154Jul 30, 2026 · Earnings results · reported above the recorded estimate · close $155 Sep 5, 2025 Oct 2, 2026 · $14 $14Sep 5, 2025$14Sep 19, 2025$14Oct 3, 2025$13Oct 17, 2025$14Oct 31, 2025$15Nov 14, 2025$17Nov 28, 2025$18Dec 12, 2025$21Dec 26, 2025$19Jan 9, 2026$16Jan 23, 2026$15Feb 6, 2026$15Feb 20, 2026$15Mar 6, 2026$15Mar 20, 2026$15Apr 2, 2026$17Apr 17, 2026$15May 1, 2026$14May 15, 2026$16May 29, 2026$17Jun 12, 2026$16Jun 26, 2026$17Jul 10, 2026$16Jul 24, 2026$16Aug 7, 2026$17Aug 21, 2026$16Sep 4, 2026$15Sep 18, 2026$14Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • While we continue to believe our gross profit will increase year-over-year, we expect the complexity of a new vehicle launch will negatively impact our automotive gross profit in the third quarter, as it did in the second quarter, before becoming a benefit for our overall operations in the fourth quarter as we ramp production and deliveries.

    Claire McDonough · Statement from

  • For 2026, we expect an adjusted EBITDA loss of between $2 billion-$1.8 billion, a $50 million improvement at the midpoint, due to better-than-expected revenue related to regulatory credits in the second quarter and increased delivery volumes, which were partially offset by raw material, memory, and logistic cost increases.

    Claire McDonough · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Other perspectives

Council score for Rivian Automotive (RIVN): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Neutral
Momentum Moderate
Business Quality Negative
Financial Safety Negative
Valuation Negative

Legends Council

6 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Neutral read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Unfavorable read

Read on: Oct 1, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Weak
Margin of Safety Fairly Valued
Profit Margin Weak
Revenue Growth Neutral
Debt/Equity Negative
ROE Negative
Gross Margin Negative

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the RIVN film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Rivian Automotive (RIVN), and what does it report?

Short answer · as of

Vehicle manufacturing remains the core: Rivian markets consumer electric trucks and sport utility vehicles directly, and develops commercial delivery vans through a prominent Amazon partnership.

Research dated 2026-09-12.

Vehicle manufacturing remains the core: Rivian markets consumer electric trucks and sport utility vehicles directly, and develops commercial delivery vans through a prominent Amazon partnership. Revenue therefore reflects demand across consumer and commercial customers rather than consumer auto sales alone.

Automotive is the larger revenue stream, while Software and Services is already material. The consolidated income statement also carries heavy research, development and corporate costs, making vehicle volume an incomplete measure of operating performance.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy); Revenue by segment; Quarterly income statement (USD thousands)

2 · Latest results

What do the latest results show for Rivian Automotive (RIVN)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $1.66B.

Research dated 2026-09-12.

Revenue increased in the latest quarter, gross profit improved and the operating loss narrowed, yet the net loss widened sharply. Operating cash use also eased while capital spending remained substantial, so better sales and gross profit did not translate into cash generation.

Reported revenue exceeded expectations and the reported earnings loss was narrower than expected. Management attributed its improved outlook to regulatory-credit revenue and higher delivery volume, partly offset by raw-material, memory and logistics costs; it also said launch complexity was weighing on automotive gross profit before the ramp is expected to become an operational benefit.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$1.66B Jun 30, 2026
Latest quarter · R&D
$466.00M Jun 30, 2026
Latest quarter · SG&A
$485.00M Jun 30, 2026
Latest quarter · FMP standardized operating result
−$836.00M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$1.66B$466.00M$485.00M−$836.00M
Mar 31, 2026$1.38B$458.00M$485.00M−$881.00M
Dec 31, 2025$1.29B$424.00M$308.00M−$833.00M
Sep 30, 2025$1.56B$453.00M$554.00M−$983.00M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$1.66B Jul 30, 2026
Latest report · revenue estimate
$1.52B Jul 30, 2026
Latest report · revenue vs estimate
Above estimate Jul 30, 2026
Latest report · EPS vs estimate
Above estimate Jul 30, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Jul 30, 2026$1.66B$1.52B−$0.4700−$0.6630
Apr 30, 2026$1.38B$1.37B−$0.5500−$0.6323
Feb 12, 2026$1.29B$1.26B−$0.5400−$0.7085
Nov 4, 2025$1.56B$1.51B−$0.7000−$0.7393

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$1.66B-$833M-$0.63 (diluted)
Q1 FY2026$1.38B-$416M-$0.33 (diluted)
Q4 FY2025$1.29B-$811M-$0.66 (diluted)
Q3 FY2025$1.56B-$1.17B-$0.96 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Rivian Automotive (RIVN)?

Short answer

Cash and short-term investments were $5.31B at the Jun 30, 2026 balance-sheet date. Operating cash flow was −$487.00M for the quarter ended Jun 30, 2026, meaning operations used cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Rivian has a meaningful liquidity pool, and cash plus investments exceed total debt. Cash and short-term investments alone, however, sit roughly level with debt, while liabilities remain large and trailing returns and margins are negative.

The risk is sustained cash consumption during a capital-intensive launch. Operations and capital spending were again a combined drain in the latest periods, the cash balance has declined across the reported window, and the runway cross-check is finite; weak distress and quality screens reinforce the importance of execution.

Conditional funding expected from Volkswagen Group and Uber could add flexibility, but it does not remove launch, input-cost or dilution risk. Recent filings also include unregistered equity sales, making the form of future financing as important as its availability.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash runway cross-check (ours); Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set; Distress and quality screens; Management outlook — dated call excerpts; Recent SEC filings

Data-derived red flags

  • Financial-distress signal — its Altman Z-Score of -1.51 sits in the distress zone (elevated bankruptcy risk).
  • Negative return on equity (-67.5%) — the business is not currently generating profit on shareholder capital.
  • Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
−$487.00M Jun 30, 2026
Previous quarter · operating cash flow
−$703.00M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026−$487.00M−$362.00M
Mar 31, 2026−$703.00M−$372.00M
Dec 31, 2025−$681.00M−$463.00M
Sep 30, 2025$26.00M−$447.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Rivian Automotive (RIVN)?

Short answer · as of

The next earnings report is expected on Oct 29, 2026.

Research dated 2026-09-12.

Automotive gross profit is the clearest operating checkpoint: management expects launch complexity to remain a drag before production and deliveries improve the exit pace and support positive automotive gross profit. That claim should be compared with consolidated gross profit, delivery-driven revenue and the balance between Automotive and Software and Services.

The next earnings release should also be tested against cash from operations, capital spending and the cash balance, not merely revenue and adjusted earnings. Watch whether the conditional Volkswagen and Uber funding closes, and whether expectations for rapid revenue expansion are met without extending the loss cycle.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Revenue by segment; Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Next earnings report; Analyst revenue and earnings estimates (average)

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. While we continue to believe our gross profit will increase year-over-year, we expect the complexity of a new vehicle launch will negatively impact our automotive gross profit in the third quarter, as it did in the second quarter, before becoming a benefit for our overall operations in the fourth quarter as we ramp production and deliveries.

    Claire McDonough ·

  2. For 2026, we expect an adjusted EBITDA loss of between $2 billion-$1.8 billion, a $50 million improvement at the midpoint, due to better-than-expected revenue related to regulatory credits in the second quarter and increased delivery volumes, which were partially offset by raw material, memory, and logistic cost increases.

    Claire McDonough ·

  3. As I discussed previously, delivering a strong 2026 exit rate for R2 production and deliveries is a key focus for our team, as we believe it will directly translate into positive automotive gross profit for the business.

    Claire McDonough ·

  4. Additionally, later this year, we expect to receive $1 billion in non-recourse debt from Volkswagen Group and an additional $250 million equity investment from Uber, both subject to the completion of certain conditions.

    Claire McDonough ·

5 · Peer comparison

How does Rivian Automotive compare with its peers?

Short answer

Rivian Automotive's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Rivian differs from a pure consumer electric-vehicle manufacturer because it combines direct consumer sales of pickups and sport utility vehicles with a commercial delivery-van platform, an Amazon relationship and a material Software and Services segment. That mix can lift revenue without an identical change in consumer vehicle demand, so consolidated growth is not a clean proxy for retail vehicle momentum.

Rivian also remains earlier in its operating maturation than a profitable scaled automaker: gross profit has turned positive in recent periods, but operating and net results remain deeply negative and capital spending continues to absorb cash. Its comparison set therefore spans vehicle manufacturing economics and technology-enabled service revenue, with launch execution linking them.

Sources (as of 2026-09-12): Business description; Revenue by segment; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions)

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Ferrari N.V. (RACE) Same industry, near in market value$388.33 Oct 2, 2026$68.3B92 5-pillar Oct 4, 2026
Magna International Inc. (MGA) Named competitor$64.57 Oct 2, 2026$17.6B79 5-pillar Oct 4, 2026
Blue Bird Corporation (BLBD) Same industry, near in market value$56.53 Oct 2, 2026$1.79B78 5-pillar Oct 4, 2026
Yum China Holdings, Inc. (YUMC) Named competitor$39.98 Oct 2, 2026$14.0B74 5-pillar Oct 4, 2026
Toyota Motor Corporation (TM) Same industry, near in market value$181.49 Oct 2, 2026$215B58 5-pillar Oct 4, 2026
General Motors Company (GM) Same industry, near in market value$78.27 Oct 2, 2026$70.8B57 5-pillar Oct 4, 2026
Honda Motor Co., Ltd. (HMC) Named competitor$31.35 Oct 2, 2026$40.7B51 5-pillar Oct 4, 2026
NIO Inc. (NIO) Named competitor$3.37 Oct 2, 2026$8.36B42 5-pillar Oct 4, 2026
Ford Motor Company (F) Same industry, near in market value$12.10 Oct 2, 2026$48.3B41 5-pillar Oct 4, 2026
Li Auto Inc. (LI) Named competitor$10.69 Oct 2, 2026$10.8B29 5-pillar Oct 4, 2026
Stellantis N.V. (STLA) Same industry, near in market value$4.40 Oct 2, 2026$12.7B27 5-pillar Oct 4, 2026
XPeng Inc. (XPEV) Same industry, near in market value$9.25 Oct 2, 2026$8.79B24 5-pillar Oct 4, 2026
Rivian Automotive (RIVN) — this page$14.30$17.4B7

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Consumer Cyclical stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$13.00 – $22.00
Consensus target
$16.89
Median target
$16.00

Consensus record · Captured .

Measured against a quoted price of $14.30 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Oct 1, 2026

Transactions
42
Identified insiders
11
Purchases
2
Sales
12
Other transactions
28

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
60.0% Period end Jun 30, 2026
Previous quarter · ownership
55.9% Prior to period end Jun 30, 2026
Reporting holders
899 Period end Jun 30, 2026
Previous quarter · holders
890 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Amazon Com INC158,363,834
Blackrock, INC.56,419,011
Baillie Gifford & Co43,210,348
Vanguard Capital Management LLC39,268,910
Vanguard Portfolio Management LLC34,835,795

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Rivian Automotive (RIVN)?

Read these with our analysis →

What Investors Ask About Rivian Automotive (RIVN) — Consumer Cyclical

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

Why does Rivian report Software and Services alongside Automotive revenue?

Rivian earns a material revenue stream outside Automotive, so consolidated sales capture more than vehicle deliveries. That split is essential when judging whether growth came from vehicle demand or the company’s technology and service activities.

Sources (as of 2026-09-12): Revenue by segment; Business description

How is Amazon connected to Rivian’s commercial van business and ownership?

Amazon is named as a partner for Rivian’s commercial electric delivery-van platform and is also the largest institutional holder shown. The relationship therefore touches customer demand and the shareholder base.

Sources (as of 2026-09-12): Business description; Largest 5 institutional holders

Why is Rivian’s new vehicle launch pressuring automotive gross profit?

Management attributes the pressure to launch complexity and expects the effect to reverse as production and deliveries ramp. Automotive gross profit is therefore a direct test of whether launch execution is improving.

Sources (as of 2026-09-12): Management outlook — dated call excerpts

How can Rivian post positive gross profit and still report an operating loss?

Research and development plus selling, general and administrative expense remain far above gross profit, leaving operations loss-making even when production clears the gross-profit line.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions)

What is the RIVN stock price today?

The last price recorded on this page for Rivian Automotive, Inc. (RIVN) is $14.30, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the RIVN price target?

The analyst consensus price target for Rivian Automotive, Inc. (RIVN) is $16.89 (range $13.00 to $22.00, median $16.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Business description; Revenue by segment; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts

Sources — records for every figure on this page (83 figures)

The 83 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsClaire McDonough (Jul 30, 2026): While we continue to believe our gross profit will increase year-over-year, we expect the complexity of a new vehicle launch will negatively impact our automotive gross profit in the third quarter, as it did in the second quarter, before becoming a benefit for our overall operations in the fourth quarter as we ramp production and deliveries. Claire McDonough (Jul 30, 2026): For 2026, we expect an adjusted EBITDA loss of between $2 billion-$1.8 billion, a $50 million improvement at the midpoint, due to better-than-expected revenue related to regulatory credits in the second quarter and increased delivery volumes, which were partially offset by raw material, memory, and logistic cost increases. Claire McDonough (Jul 30, 2026): As I discussed previously, delivering a strong 2026 exit rate for R2 production and deliveries is a key focus for our team, as we believe it will directly translate into positive automotive gross profit for the business. Claire McDonough (Jul 30, 2026): Additionally, later this year, we expect to receive $1 billion in non-recourse debt from Volkswagen Group and an additional $250 million equity investment from Uber, both subject to the completion of certain conditions.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressIrvine, CAOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "14600 Myford Road, Irvine, CA, 92606, US".

FMP — 72 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateOct 29, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$14.30FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T16:14:39.393Z.
px.changeChange on the day-3.12%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$17.4BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:00.000Z. Captured from FMP at 2026-10-04T16:14:37.846Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars−$0.46FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$1.66BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.volumeShares traded on the day59.67MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta1.62FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveRobert Joseph ScaringeFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees15,232FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $55.00M, net result −$4.69B; FY2022 revenue $1.66B, net result −$6.75B; FY2023 revenue $4.43B, net result −$5.43B; FY2024 revenue $4.97B, net result −$4.75B; FY2025 revenue $5.39B, net result −$3.65BFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsAutomotive $3.83B · Software And Services $1.56BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)7.5%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$1.66BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.rd_kR&D — period end 2026-06-30$466.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$485.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30−$836.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$1.38BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.rd_kR&D — period end 2026-03-31$458.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$485.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31−$881.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$1.29BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.rd_kR&D — period end 2025-12-31$424.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$308.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31−$833.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$1.56BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.rd_kR&D — period end 2025-09-30$453.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$554.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30−$983.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-07-30.revenue_actualRevenue · reported — report date 2026-07-30$1.66BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-30.revenue_estimatedRevenue · estimate — report date 2026-07-30$1.52BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-30.eps_actualEPS · reported — report date 2026-07-30−$0.4700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-30.eps_estimatedEPS · estimate — report date 2026-07-30−$0.6630Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.revenue_actualRevenue · reported — report date 2026-04-30$1.38BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.revenue_estimatedRevenue · estimate — report date 2026-04-30$1.37BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.eps_actualEPS · reported — report date 2026-04-30−$0.5500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.eps_estimatedEPS · estimate — report date 2026-04-30−$0.6323Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-12.revenue_actualRevenue · reported — report date 2026-02-12$1.29BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-12.revenue_estimatedRevenue · estimate — report date 2026-02-12$1.26BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-12.eps_actualEPS · reported — report date 2026-02-12−$0.5400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-12.eps_estimatedEPS · estimate — report date 2026-02-12−$0.7085Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-04.revenue_actualRevenue · reported — report date 2025-11-04$1.56BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-04.revenue_estimatedRevenue · estimate — report date 2025-11-04$1.51BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-04.eps_actualEPS · reported — report date 2025-11-04−$0.7000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-04.eps_estimatedEPS · estimate — report date 2025-11-04−$0.7393Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$5.31BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow−$487.00MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$697.00MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$5.35BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value3.59×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30−$487.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31−$703.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$362.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$372.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31−$681.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$463.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$26.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$447.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$13.00 – $22.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$16.89FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$16.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP42 transactions · 2 purchases, 12 sales, 28 other transactions · 11 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Oct 1, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership60.0%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership55.9%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders899FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders890FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesAmazon Com INC — shares in provider snapshot158,363,834FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesBlackrock, INC. — shares in provider snapshot56,419,011FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesBaillie Gifford & Co — shares in provider snapshot43,210,348FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesVanguard Capital Management LLC — shares in provider snapshot39,268,910FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesVanguard Portfolio Management LLC — shares in provider snapshot34,835,795FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 4 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 6 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-05
fin.scoresDistress and quality screensAltman Z -1.51 · Piotroski F 3UNRECORDEDStored financial-scores observation — Captured 2026-10-04
px.range5252-week range$12.39 – $22.69UNRECORDEDStored company-profile observation — Captured 2026-10-05
fin.ratiosReturn and yield ratios (trailing twelve months)ROE -67.5% · ROA -21.4% · current ratio 2.10 · earnings yield -15.7% · free-cash-flow yield -17.9%—UNRECORDEDStored key metrics — Date unknown

COMPUTED — 3 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments3.28×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $5.31B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
earn.history.depth.2026-07-30.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($1.66B) with the recorded estimate ($1.52B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-07-30.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS (−$0.4700) with the recorded estimate (−$0.6630) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v27 of 100 · Weak · pillars 2 / 10 / 3 / 48 / 44OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement7 (stored snapshot Oct 3, 2026) → 7 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.rd_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.rd_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.rd_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.rd_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-07-30. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-07-30.revenue_actual, earn.history.depth.2026-07-30.revenue_estimated, earn.history.depth.2026-07-30.revenue_actual.comparison, earn.history.depth.2026-07-30.eps_actual.comparison, earn.history.depth.2026-07-30.eps_actual, earn.history.depth.2026-07-30.eps_estimated, earn.history.depth.2026-04-30.revenue_actual, earn.history.depth.2026-04-30.revenue_estimated, earn.history.depth.2026-04-30.eps_actual, earn.history.depth.2026-04-30.eps_estimated, earn.history.depth.2026-02-12.revenue_actual, earn.history.depth.2026-02-12.revenue_estimated, earn.history.depth.2026-02-12.eps_actual, earn.history.depth.2026-02-12.eps_estimated, earn.history.depth.2025-11-04.revenue_actual, earn.history.depth.2025-11-04.revenue_estimated, earn.history.depth.2025-11-04.eps_actual, earn.history.depth.2025-11-04.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
Rivian Automotive, Inc. specializes in the design, engineering, and manufacturing of electric vehicles and related accessories. The company produces five-passenger electric pickup trucks and sport utility vehicles for individual consumers. Furthermore, Rivian develops a commercial electric delivery van platform, notably in partnership with Amazon.com. This firm markets its products directly to customers across both the consumer and commercial sectors. Founded in 2009, Rivian Automotive, Inc. maintains its primary operations in San Jose, California.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Automotive: $3.83B; Software And Services: $1.56B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: -$0.63 per share, R&D: $466.00M, SG&A: $485.00M, EPS basic: -$0.63 per share, EPS basis: diluted, Revenue: $1.66B, EPS diluted: -$0.63 per share, Net result: -$833.00M, Gross profit: $179.00M, Operating result: -$836.00M
  • Quarter ended 2026-03-31 — EPS: -$0.33 per share, R&D: $458.00M, SG&A: $485.00M, EPS basic: -$0.33 per share, EPS basis: diluted, Revenue: $1.38B, EPS diluted: -$0.33 per share, Net result: -$416.00M, Gross profit: $119.00M, Operating result: -$881.00M
  • Quarter ended 2025-12-31 — EPS: -$0.66 per share, R&D: $424.00M, SG&A: $308.00M, EPS basic: -$0.66 per share, EPS basis: diluted, Revenue: $1.29B, EPS diluted: -$0.66 per share, Net result: -$811.00M, Gross profit: $120.00M, Operating result: -$833.00M
  • Quarter ended 2025-09-30 — EPS: -$0.96 per share, R&D: $453.00M, SG&A: $554.00M, EPS basic: -$0.96 per share, EPS basis: diluted, Revenue: $1.56B, EPS diluted: -$0.96 per share, Net result: -$1.17B, Gross profit: $24.00M, Operating result: -$983.00M
  • Quarter ended 2025-06-30 — EPS: -$0.97 per share, R&D: $410.00M, SG&A: $446.00M, EPS basic: -$0.97 per share, EPS basis: diluted, Revenue: $1.30B, EPS diluted: -$0.97 per share, Net result: -$1.12B, Gross profit: -$206.00M, Operating result: -$1.11B
  • Quarter ended 2025-03-31 — EPS: -$0.48 per share, R&D: $381.00M, SG&A: $425.00M, EPS basic: -$0.48 per share, EPS basis: diluted, Revenue: $1.24B, EPS diluted: -$0.48 per share, Net result: -$545.00M, Gross profit: $206.00M, Operating result: -$655.00M
  • Quarter ended 2024-12-31 — EPS: -$0.7 per share, R&D: $374.00M, SG&A: $457.00M, EPS basic: -$0.7 per share, EPS basis: diluted, Revenue: $1.73B, EPS diluted: -$0.7 per share, Net result: -$743.00M, Gross profit: $170.00M, Operating result: -$661.00M
  • Quarter ended 2024-09-30 — EPS: -$1.08 per share, R&D: $350.00M, SG&A: $427.00M, EPS basic: -$1.08 per share, EPS basis: diluted, Revenue: $874.00M, EPS diluted: -$1.08 per share, Net result: -$1.10B, Gross profit: -$392.00M, Operating result: -$1.17B
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$362.00M, Operating cash flow: -$487.00M
  • Quarter ended 2026-03-31 — Capital expenditure: -$372.00M, Operating cash flow: -$703.00M
  • Quarter ended 2025-12-31 — Capital expenditure: -$463.00M, Operating cash flow: -$681.00M
  • Quarter ended 2025-09-30 — Capital expenditure: -$447.00M, Operating cash flow: $26.00M
  • Quarter ended 2025-06-30 — Capital expenditure: -$462.00M, Operating cash flow: $64.00M
  • Quarter ended 2025-03-31 — Capital expenditure: -$338.00M, Operating cash flow: -$188.00M
  • Quarter ended 2024-12-31 — Capital expenditure: -$327.00M, Operating cash flow: $1.18B
  • Quarter ended 2024-09-30 — Capital expenditure: -$277.00M, Operating cash flow: -$876.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-07-30 — Quote: While we continue to believe our gross profit will increase year-over-year, we expect the complexity of a new vehicle launch will negatively impact our automotive gross profit in the third quarter, as it did in the second quarter, before becoming a benefit for our overall operations in the fourth quarter as we ramp production and deliveries., Speaker: Claire McDonough
  • Call of 2026-07-30 — Quote: For 2026, we expect an adjusted EBITDA loss of between $2 billion-$1.8 billion, a $50 million improvement at the midpoint, due to better-than-expected revenue related to regulatory credits in the second quarter and increased delivery volumes, which were partially offset by raw material, memory, and logistic cost increases., Speaker: Claire McDonough
  • Call of 2026-07-30 — Quote: As I discussed previously, delivering a strong 2026 exit rate for R2 production and deliveries is a key focus for our team, as we believe it will directly translate into positive automotive gross profit for the business., Speaker: Claire McDonough
  • Call of 2026-07-30 — Quote: Additionally, later this year, we expect to receive $1 billion in non-recourse debt from Volkswagen Group and an additional $250 million equity investment from Uber, both subject to the completion of certain conditions., Speaker: Claire McDonough

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-07-30OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Sector / industry (provider taxonomy)
Consumer Cyclical / Auto - Manufacturers

The company's SEC filings classify it under SIC 3711 — Motor Vehicles & Passenger Car Bodies.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-07-30 — EPS actual: -$0.47 per share, EPS estimated: -$0.66295 per share, Revenue actual: $1.66B, Revenue estimated: $1.52B
  • Reported 2026-04-30 — EPS actual: -$0.55 per share, EPS estimated: -$0.6323 per share, Revenue actual: $1.38B, Revenue estimated: $1.37B
  • Reported 2026-02-12 — EPS actual: -$0.54 per share, EPS estimated: -$0.70845 per share, Revenue actual: $1.29B, Revenue estimated: $1.26B
  • Reported 2025-11-04 — EPS actual: -$0.7 per share, EPS estimated: -$0.73934 per share, Revenue actual: $1.56B, Revenue estimated: $1.51B
  • Reported 2025-08-05 — EPS actual: -$0.8 per share, EPS estimated: -$0.64649 per share, Revenue actual: $1.30B, Revenue estimated: $1.29B
  • Reported 2025-05-06 — EPS actual: -$0.41 per share, EPS estimated: -$0.77013 per share, Revenue actual: $1.24B, Revenue estimated: $997.71M
  • Reported 2025-02-20 — EPS actual: -$0.52 per share, EPS estimated: -$0.69 per share, Revenue actual: $1.73B, Revenue estimated: $1.40B
  • Reported 2024-11-07 — EPS actual: -$1.03 per share, EPS estimated: -$0.95603 per share, Revenue actual: $874.00M, Revenue estimated: $991.51M
2026-07-30FMPFinancial Modeling Prep (FMP) earnings
Cash, investments and debt
Total debt: $5.35B; Liquidity basis: cash and short-term investments; Total liabilities: $10.01B; Cash and short-term investments: $5.31B; Cash and investments: $6.01B; Long-term investments: $697.00M; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $5.31B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $4.83B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $6.08B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $7.09B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $7.51B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $7.18B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $7.70B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $6.74B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $5.31B; Decline: $1.43B; Opening balance: $6.74B; Average change per period: $204.10M

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Cash runway cross-check (ours)
Years: 2.3; Method: cash and short-term investments of $5310M at 2026-06-30 divided by the annualized rate at which operations and capital spending used cash ($2355M per year); Reaches: 2028-10; Cash basis: cash and short-term investments; Cash: $5.31B; Annualized cash use: $2.35B

Rate taken from operating cash flow less capital expenditure over the 8 most recent reported quarters, annualized.; Measured from operations, not from the change in the cash balance — a company that raised money during the window would otherwise appear to be burning less than it is.; Assumes that rate continues unchanged: it ignores announced cost reductions, financing already arranged and any change in spending.; Assumes the reported cash and short-term investments are realizable for funding operations; restrictions and timing of access are not established by these provider fields. Long-term investments are excluded.; It is a cross-check, not a forecast, and the company's own statement about its runway outranks it.

2026-06-30COMPUTEDComputed from reported cash flow; assumptions stated
Trailing twelve-month ratio set
Quick ratio: 1.65; Current ratio: 2.1; Debt to equity: 1.04; Net margin: -55%; Gross margin: 7.5%; Operating margin: -60.1%; Return on assets: -21.4%; Return on equity: -67.5%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Distress and quality screens
Altman Z-score: -1.37; Piotroski F-score: 3

Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading.

2026-09-12FMPFinancial Modeling Prep (FMP) financial scores
Recent SEC filings2026-08-27OFFICIALSEC EDGAR filer submissions
Next earnings report
Date: 2026-11-03; EPS estimate: -$0.67 per share; Revenue estimate: $1.97B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: -$1.89 per share, Revenue average: $11.79B, Revenue low: $10.60B, Revenue high: $12.63B, Analysts (revenue): 18
  • FY2028 — EPS average: -$1.34 per share, Revenue average: $15.97B, Revenue low: $13.49B, Revenue high: $23.48B, Analysts (revenue): 17
  • FY2029 — EPS average: -$0.4 per share, Revenue average: $26.09B, Revenue low: $22.52B, Revenue high: $33.51B, Analysts (revenue): 13
  • FY2030 — EPS average: $0.41 per share, Revenue average: $33.68B, Revenue low: $29.07B, Revenue high: $43.26B, Analysts (revenue): 8
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $1.67B, Revenue: $5.39B, Period end: 2025-12-31, Net result: -$3.65B
  • FY2024 — R&D: $1.61B, Revenue: $4.97B, Period end: 2024-12-31, Net result: -$4.75B
  • FY2023 — R&D: $2.00B, Revenue: $4.43B, Period end: 2023-12-31, Net result: -$5.43B
  • FY2022 — R&D: $1.94B, Revenue: $1.66B, Period end: 2022-12-31, Net result: -$6.75B
  • FY2021 — R&D: $1.85B, Revenue: $55.00M, Period end: 2021-12-31, Net result: -$4.69B
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Largest 5 institutional holders
Captured record · 5 entries
  • Holder: Amazon Com INC, Shares: 158,363,834
  • Holder: Blackrock, INC., Shares: 56,419,011
  • Holder: Baillie Gifford & Co, Shares: 43,210,348
  • Holder: Vanguard Capital Management LLC, Shares: 39,268,910
  • Holder: Vanguard Portfolio Management LLC, Shares: 34,835,795
2026-06-30FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold RIVN

Funds in our ETF coverage that list RIVN among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)6.51%