Rivian Automotive Inc. (RIVN) financial statements: income statement, balance sheet and cash flow
Rivian Automotive Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Rivian Automotive Inc. reported revenue of $5.4B (+8.4% year on year) and net income of ($3.6B) (+23.2% year on year).
Income statement
Rivian Automotive Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total revenues (Note 4)
$5.4B
$5.0B
$4.4B
$1.7B
Total cost of revenues (Note 4)
$5.2B
$6.2B
$6.5B
$4.8B
Gross (loss) profit
$144.0M
($1.2B)
($2.0B)
($3.1B)
Research and development (Note 2)
$1.7B
$1.6B
$2.0B
$1.9B
Selling, general, and administrative (Note 2)
$2.1B
$1.9B
$1.7B
$1.8B
Total operating expenses
$3.7B
$3.5B
$3.7B
$3.7B
Loss from operations
($3.6B)
($4.7B)
($5.7B)
($6.9B)
Interest income
$293.0M
$385.0M
$522.0M
$193.0M
Interest expense (Note 10)
($274.0M)
($318.0M)
—
—
Loss on convertible notes, net (Note 10)
$0
($112.0M)
—
—
Other income (expense), net
($54.0M)
($7.0M)
$6.0M
$18.0M
Loss before income taxes
($3.6B)
($4.7B)
($5.4B)
($6.7B)
Provision for income taxes
($6.0M)
($5.0M)
($1.0M)
($4.0M)
Net loss
($3.6B)
($4.7B)
—
—
Less: Net income attributable to noncontrolling interest
$20.0M
$1.0M
—
—
Net loss attributable to common stockholders
($3.6B)
($4.7B)
($5.4B)
($6.8B)
Net loss attributable to common stockholders, basic
($3.6B)
($4.7B)
($5.4B)
($6.8B)
Net loss attributable to common stockholders, diluted
($3.6B)
($4.7B)
($5.4B)
($6.8B)
Net loss per share attributable to Class A and Class B common stockholders, basic (in dollars per share)
-$3.07
-$4.69
-$5.74
-$7.40
Net loss per share attributable to Class A and Class B common stockholders, diluted (in dollars per share)
-$3.07
-$4.69
-$5.74
-$7.40
Weighted-average common shares outstanding, basic (in shares)
1.2B
1.0B
947.0M
913.0M
Weighted-average common shares outstanding, diluted (in shares)
1.2B
1.0B
947.0M
913.0M
Rivian Automotive Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenues (Note 3)
$1.7B
$1.4B
$1.6B
$1.3B
Total cost of revenues
$1.5B
$1.3B
$1.5B
$1.5B
Gross profit
$179.0M
$119.0M
$24.0M
($206.0M)
Research and development
$466.0M
$458.0M
$453.0M
$410.0M
Selling, general, and administrative
$549.0M
$542.0M
$554.0M
$498.0M
Total operating expenses
$1.0B
$1.0B
$1.0B
$908.0M
Loss from operations
($836.0M)
($881.0M)
($983.0M)
($1.1B)
Interest income
$48.0M
$50.0M
$76.0M
$72.0M
Interest expense (Note 8)
($68.0M)
($65.0M)
($69.0M)
($69.0M)
Other (expense) income, net
$18.0M
$478.0M
($191.0M)
($2.0M)
Loss before income taxes
($838.0M)
($418.0M)
($1.2B)
($1.1B)
Provision for income taxes
$1.0M
$2.0M
$1.0M
($2.0M)
Net loss
($837.0M)
($416.0M)
($1.2B)
($1.1B)
Less: Net income (loss) attributable to noncontrolling interest
($4.0M)
$0
$7.0M
$2.0M
Net loss attributable to common stockholders
($833.0M)
($416.0M)
($1.2B)
($1.1B)
Net loss attributable to common stockholders, basic
($833.0M)
($416.0M)
($1.2B)
($1.1B)
Net loss attributable to common stockholders, diluted
($833.0M)
($416.0M)
($1.2B)
($1.1B)
Net loss per share attributable to Class A and Class B common stockholders, basic (in dollars per share)
-$0.63
-$0.33
-$0.96
-$0.97
Net loss per share attributable to Class A and Class B common stockholders, diluted (in dollars per share)
-$0.63
-$0.33
-$0.96
-$0.97
Weighted-average common shares outstanding, basic (in shares)
1.3B
1.2B
1.2B
1.2B
Weighted-average common shares outstanding, diluted (in shares)
1.3B
1.2B
1.2B
1.2B
Balance sheet
Rivian Automotive Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents (Note 6)
$3.6B
$5.3B
$7.9B
$11.6B
Short-term investments (Note 6)
$2.5B
$2.4B
$1.5B
—
Accounts receivable, net (Note 2)
$555.0M
$443.0M
$161.0M
$102.0M
Inventory (Note 7)
$1.6B
$2.2B
$2.6B
$1.3B
Other current assets
$361.0M
$192.0M
$164.0M
$112.0M
Total current assets
$8.6B
$10.6B
$12.3B
$13.1B
Property, plant, and equipment, net (Note 8)
$5.1B
$4.0B
$3.9B
—
Operating lease assets, net (Note 9)
$571.0M
$416.0M
$356.0M
$330.0M
Other non-current assets
$582.0M
$446.0M
$235.0M
$658.0M
Total assets
$14.9B
$15.4B
$16.8B
$17.9B
Accounts payable
$595.0M
$499.0M
$981.0M
$1.0B
Accrued liabilities (Note 11)
$1.4B
$835.0M
$1.1B
$1.2B
Current portion of deferred revenues, lease liabilities, and other liabilities
$1.7B
$917.0M
$361.0M
$270.0M
Total current liabilities
$3.7B
$2.3B
$2.5B
$2.4B
Long-term debt (Note 10)
$4.4B
$4.4B
$4.4B
$1.2B
Non-current lease liabilities (Note 9)
$551.0M
$379.0M
$324.0M
$311.0M
Other non-current liabilities (Note 11)
$1.6B
$1.8B
$395.0M
$111.0M
Total liabilities
$10.3B
$8.8B
$7.6B
$4.1B
Preferred stock, $0.001 par value; 10 shares authorized and 0 shares issued and outstanding as of December 31, 2024 and 2025
0
0
0
0
Common stock, $0.001 par value; 3,508 and 5,258 shares authorized and 1,131 and 1,240 shares issued and outstanding as of December 31, 2024 and 2025, respectively (Note 15)
1.0M
1.0M
1.0M
1.0M
Additional paid-in capital
$31.5B
$29.9B
$27.7B
$26.9B
Accumulated deficit
($27.0B)
($23.3B)
($18.6B)
($13.1B)
Accumulated other comprehensive (loss) income
$8.0M
($4.0M)
$3.0M
($2.0M)
Noncontrolling interest
$28.0M
$4.0M
—
—
Total stockholders' equity
$4.6B
$6.6B
$9.1B
$13.8B
Total liabilities and stockholders' equity
$14.9B
$15.4B
$16.8B
$17.9B
Common stock, shares issued (in shares)
1.2B
—
—
—
Common stock, shares outstanding (in shares)
1.2B
—
—
—
Rivian Automotive Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents (Note 5)
$3.6B
$2.8B
$4.4B
$4.8B
Short-term investments (Note 5)
$1.7B
$2.0B
$2.6B
$2.7B
Accounts receivable, net
$370.0M
$342.0M
$203.0M
$254.0M
Inventory (Note 6)
$1.7B
$1.5B
$1.6B
$2.1B
Other current assets
$277.0M
$330.0M
$346.0M
$255.0M
Total current assets
$7.6B
$7.0B
$9.3B
$10.1B
Property, plant, and equipment, net (Note 7)
$5.6B
$5.4B
$4.8B
$4.4B
Operating lease assets, net
$708.0M
$601.0M
$552.0M
$493.0M
Strategic investments (Note 2)
$697.0M
$669.0M
—
—
Other non-current assets
$560.0M
$484.0M
$553.0M
$563.0M
Total assets
$15.1B
$14.2B
$15.2B
$15.6B
Accounts payable
$889.0M
$754.0M
$554.0M
$489.0M
Accrued liabilities (Note 9)
$1.1B
$1.0B
$1.4B
$1.0B
Current portion of deferred revenues, lease liabilities, and other liabilities (Note 9)
$1.6B
$1.6B
$1.5B
$1.4B
Total current liabilities
$3.6B
$3.4B
$3.4B
$2.9B
Long-term debt (Note 8)
$4.4B
$4.4B
$4.4B
$4.4B
Non-current lease liabilities
$693.0M
$580.0M
$529.0M
$462.0M
Other non-current liabilities (Note 9)
$1.3B
$1.4B
$1.7B
$1.7B
Total liabilities
$10.0B
$9.8B
$10.1B
$9.5B
Preferred stock, $0.001 par value; 10 shares authorized and 0 shares issued and outstanding as of December 31, 2025 and June 30, 2026
0
0
0
0
Common stock, $0.001 par value; 5,258 and 5,258 shares authorized and 1,240 and 1,362 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively (Note 14)
1.0M
1.0M
1.0M
1.0M
Additional paid-in capital
$33.3B
$31.8B
$31.2B
$31.0B
Accumulated deficit
($28.2B)
($27.4B)
($26.1B)
($25.0B)
Accumulated other comprehensive income
$0
$2.0M
$7.0M
$6.0M
Noncontrolling interest
$21.0M
$26.0M
$18.0M
$11.0M
Total stockholders' equity
$5.1B
$4.4B
$5.1B
$6.1B
Total liabilities and stockholders' equity
$15.1B
$14.2B
$15.2B
$15.6B
Cash flow statement
Rivian Automotive Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($3.6B)
($4.7B)
($5.4B)
($6.8B)
Depreciation and amortization
$784.0M
$1.0B
$937.0M
$652.0M
Stock-based compensation expense
$741.0M
$692.0M
$821.0M
$987.0M
Gain on equity method investment
($101.0M)
—
—
—
Loss on convertible notes, net
$0
—
$0
$0
Other non-cash activities
($17.0M)
$28.0M
$115.0M
$82.0M
Accounts receivable, net
($112.0M)
($282.0M)
($59.0M)
($76.0M)
Inventory
$522.0M
$307.0M
($1.6B)
($1.7B)
Other assets
$9.0M
($221.0M)
—
—
Accounts payable and accrued liabilities
$571.0M
($572.0M)
$105.0M
$623.0M
Deferred revenues
$503.0M
$1.6B
—
—
Other liabilities
($53.0M)
$316.0M
—
—
Net cash used in operating activities
($779.0M)
($1.7B)
($4.9B)
($5.1B)
Purchases of equity securities and short-term investments
($3.2B)
—
—
—
Sales of equity securities and short-term investments
$108.0M
—
—
—
Maturities of short-term investments
$3.0B
$3.6B
$925.0M
—
Capital expenditures
($1.7B)
($1.1B)
($1.0B)
($1.4B)
Net cash used in investing activities
($1.8B)
($2.0B)
($2.5B)
($1.4B)
Proceeds from stock-based compensation programs
$61.0M
—
—
—
Proceeds from issuance of capital stock
$750.0M
$64.0M
$61.0M
$102.0M
Proceeds from issuance of long-term debt
$1.3B
—
$0
$0
Repayments of long-term debt
($1.3B)
—
—
—
Proceeds from issuance of convertible notes
$0
$1.0B
$3.2B
$0
Proceeds from funding of 50% interest in Rivian and Volkswagen Group Technologies, LLC
$112.0M
—
—
—
Purchase of capped call options
$0
$0
($108.0M)
—
Other financing activities
($37.0M)
($7.0M)
($18.0M)
—
Net cash provided by financing activities
$886.0M
$1.1B
$3.1B
$99.0M
Effect of exchange rate changes on cash and cash equivalents
$6.0M
($3.0M)
$5.0M
($2.0M)
Net change in cash
($1.7B)
($2.6B)
($4.2B)
($6.3B)
Cash, cash equivalents, and restricted cash—Beginning of period
$5.3B
—
$12.1B
$18.4B
Cash, cash equivalents, and restricted cash—End of period
$3.6B
—
$7.9B
$12.1B
Cash paid for interest
$222.0M
$279.0M
$169.0M
$88.0M
Capital expenditures included in liabilities
$493.0M
$423.0M
$374.0M
$364.0M
Capital stock issued to settle bonuses
$47.0M
$179.0M
$137.0M
—
Conversion of convertible notes
$0
$1.1B
$0
$0
Rivian Automotive Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($1.3B)
($416.0M)
($2.8B)
($1.7B)
Depreciation and amortization
$431.0M
$194.0M
$583.0M
$396.0M
Stock-based compensation expense
$433.0M
$207.0M
$551.0M
$377.0M
Gain on strategic investments
($506.0M)
($506.0M)
—
—
Other non-cash activities
$43.0M
$74.0M
($6.0M)
$40.0M
Accounts receivable, net
$191.0M
$211.0M
$267.0M
$189.0M
Inventory
($215.0M)
($80.0M)
$511.0M
$108.0M
Other assets
$78.0M
$89.0M
($26.0M)
$38.0M
Accounts payable and accrued liabilities
$8.0M
($182.0M)
$488.0M
$120.0M
Deferred revenues
($362.0M)
($290.0M)
$495.0M
$403.0M
Other liabilities
($38.0M)
($4.0M)
($38.0M)
($38.0M)
Net cash used in operating activities
($1.2B)
($703.0M)
($98.0M)
($124.0M)
Purchases of equity securities and short-term investments
($1.3B)
($558.0M)
($2.6B)
($1.9B)
Sales of equity securities and short-term investments
$22.0M
$16.0M
$107.0M
—
Maturities of short-term investments
$2.0B
$1.0B
$2.2B
$1.5B
Deconsolidation of Mind Robotics, Inc.
($114.0M)
($114.0M)
—
—
Capital expenditures
($734.0M)
($372.0M)
($1.2B)
($800.0M)
Net cash used in investing activities
($125.0M)
($25.0M)
($1.5B)
($1.1B)
Proceeds from stock-based compensation programs
$39.0M
$1.0M
$34.0M
$36.0M
Proceeds from issuance of capital stock
$1.3B
—
$750.0M
$750.0M
Proceeds from issuance of long-term debt
$0
—
$1.3B
$1.3B
Repayments of long-term debt
$0
—
($1.3B)
($1.3B)
Other financing activities
($9.0M)
($3.0M)
($37.0M)
($36.0M)
Net cash provided by financing activities
$1.3B
($2.0M)
$747.0M
$750.0M
Effect of exchange rate changes on cash and cash equivalents
($2.0M)
($4.0M)
$5.0M
$6.0M
Net change in cash
$13.0M
($734.0M)
($853.0M)
($482.0M)
Cash, cash equivalents, and restricted cash—Beginning of period
$3.6B
$3.6B
$5.3B
$5.3B
Cash, cash equivalents, and restricted cash—End of period
$3.6B
$2.8B
$4.4B
$4.8B
Capital expenditures included in liabilities
$492.0M
$534.0M
$499.0M
$452.0M
Capital stock issued to settle bonuses
$110.0M
$110.0M
$47.0M
$47.0M
Right-of-use assets obtained in exchange for operating lease liabilities