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Rivian Automotive (RIVN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Rivian Automotive (RIVN) Q3 2026 earnings results →

Q3 2026 Revenue up 38% year over year to $2.2B · 42¢ of every $1 of revenue lost · operating margin -40.9%

Rivian Automotive made $2.2B in Q3 2026 (+38% Y/Y): Automotive $1.6B, Software and services $605M. Operating margin -40.9%, net loss $907M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$2.2B

Year over year+38%

Operating margin-40.9%

Net earnings−$907M

Operating cash flow−$758M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $2.2B in Q3 2026, up 38% year over year and up 30% from the previous quarter. New electric vehicles was the largest line at 68% of revenue. New electric vehicles added $0.33B year over year (up 29%), 55% of the total change.

Gross margin was 8.2%, up 6.6 points from Q3 2025. Operating costs exceeded revenue by $0.88B, an operating margin of -40.9%. Operating expenses grew 5% against revenue growth of 38%. The quarter ended with a net loss of $0.91B, wider than the previous quarter's $0.84B loss.

Operating cash flow was −$0.76B. Non-cash charges added back $0.25B of depreciation and amortization and $0.20B of share-based compensation. Working capital and other items used $0.30B. Capital expenditures of $0.37B exceeded it, leaving free cash flow of −$1.1B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Oct 29, 2026	$2.2B	+38%	-40.9%	−$907M	−$758M
Q2 2026	10-Q	Jul 30, 2026	$1.7B	+27%	-50.4%	−$837M	−$487M
Q1 2026	10-Q	Apr 30, 2026	$1.4B	+11%	-63.8%	−$416M	−$703M
Q4 2025	10-K	Feb 12, 2026	$1.3B	-26%	-64.8%	−$804M	−$681M
Q3 2025	10-Q	Nov 4, 2025	$1.6B	+78%	-63.1%	−$1.2B	$26.0M
Q2 2025	10-Q	Aug 5, 2025	$1.3B	+12%	-85.5%	−$1.1B	$64.0M
Q1 2025	10-Q	May 6, 2025	$1.2B	+3%	-52.8%	−$541M	−$188M

Charts

Latest (Q3 2026): Y/Y +38%, Q/Q +30%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income −$907M, Operating cash flow −$758M.

+46.8% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 4-for-1 split before FY2022, 2-for-1 split before FY2021.

Motor Vehicles & Passenger Car Bodies; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

EVs, batteries & lithium · EV makers