Filing Flows › Rivian Automotive (RIVN) › Q1 2026
Rivian Automotive (RIVN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Rivian Automotive (RIVN) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +11% from a year earlier and +7% from the quarter before. Operating margin was -63.8%, net loss $416M (30.1% of revenue).
Rivian Automotive, Q1 2026: revenue $1.4B (+11% year over year), operating margin -63.8%, net loss $416M, operating cash flow −$703M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +7% | +11% |
| Operating profit | −$881M | — | — |
| Net earnings | −$416M | — | — |
| Operating cash flow | −$703M | — | — |
What changed
Revenue was $1.4B in Q1 2026, up 11% year over year and up 7% from the previous quarter. New electric vehicles was the largest line at 62% of revenue. Software and services added $0.15B year over year (up 49%), 110% of the total change. Regulatory credits declined 63%.
Gross margin was 8.6%, down 8.0 points from Q1 2025. Operating costs exceeded revenue by $0.88B, an operating margin of -63.8%. Operating expenses grew 16% against revenue growth of 11%. The fastest-growing cost line was Research & development (+20%). The quarter ended with a net loss of $0.42B, narrower than the previous quarter's $0.80B loss. Non-operating items added $0.46B, -111% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.70B. Non-cash charges added back $0.19B of depreciation and amortization and $0.21B of share-based compensation. Working capital and other items used $0.69B. Capital expenditures of $0.37B exceeded it, leaving free cash flow of −$1.1B.
Questions
What was Rivian Automotive's revenue in the first quarter 2026?
Rivian Automotive (RIVN) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), +11% from a year earlier and +7% from the quarter before.
Was Rivian Automotive profitable in the first quarter 2026?
Operating loss was $881M (-63.8% of revenue) and net loss $416M.
Source: Rivian Automotive 10-Q on SEC EDGAR.