We’ve already acquired Rivian’s manufacturing and supply assertion from the primary three months of the 12 months. The corporate bought 10,365 autos in Q1, representing 20 p.c improve 12 months over 12 months. And it produced 10,236 autos at its manufacturing facility in Regular, Illinois, which represents a 30 p.c improve in comparison with the identical interval final 12 months. The corporate additionally reaffirmed its prediction that it’s going to promote 62,000–67,000 autos this 12 months.
By way of earnings, Rivian mentioned it introduced in $1.38 billion in income, an 11.3 p.c improve in comparison with the $1.24 billion in Q1 2025. Of that quantity, $908 million got here from automotive income, which is down 1.5 p.c 12 months over 12 months. Comparatively, the corporate reported $473 million from software program and subscription providers, a whopping 48.7 p.c improve 12 months over 12 months. As EV gross sales decelerate, the corporate is looking for to earn more money from its digital merchandise, together with the not too long ago introduced Autonomy Plus package deal.
Rivian’s gross income have been $119 million, a 42 p.c lower 12 months over 12 months. However its automotive income recorded a lack of $62 million, in comparison with $92 million in gross income in the identical quarter in 2025, due primarily to the $100 million lower in gross sales of automotive regulatory credit and decrease manufacturing volumes.
Rivian mentioned it introduced in $1.38 billion in income, an 11.3 p.c improve in comparison with the $1.24 billion in Q1 2025.
Rivian is betting that its extra reasonably priced R2 car will assist increase gross sales, particularly as demand for EV cools down after the elimination of the federal $7,500 EV tax credit score. The midsized SUV is essential to the corporate’s future, because it seeks to safe a extra steady monetary place whereas investing closely in a brand new manufacturing facility and autonomous driving tasks. A well timed launch — the primary R2s are anticipated to achieve clients in June — is seen as important to that success.
Rivian posted its first-ever gross revenue in 2025, partially by slashing prices throughout the corporate. And it maintains it would obtain constructive gross revenue margins by the tip of 2026. The corporate can be sticking to its purpose of promoting upwards of 20,000 R2 autos by the tip of the 12 months — even regardless of a twister ripping the roof off a portion of the corporate’s manufacturing facility in Regular earlier this month.
To that finish, it’s been a busy few months for Rivian. The corporate introduced its plans to design its personal AI chips and add lidar sensors to future R2 fashions to assist energy totally autonomous driving. Final month, Rivian outlined the rollout of the R2, beginning with higher-priced variants ranging as much as $57,000 for the efficiency model. The much-touted base mannequin, which begins at $45,000, received’t come out till the tip of 2027.
As well as, Rivian hit a significant milestone in its software program three way partnership with Volkswagen, unlocking an extra $1 billion in funding from the German auto big. VW has mentioned it might make investments a complete of $5.8 billion {dollars} in Rivian if it meets sure objectives. The three way partnership is growing a next-gen software program platform, based mostly on Rivian’s work in zonal structure, that may ultimately discover its manner in VW manufacturers like Audi, Scout, and Porsche.
Lastly, the corporate landed a significant cope with Uber to promote tens of 1000’s of R2 autos to the ridehail firm to be used as robotaxis. Uber mentioned it might make investments $1.25 billion as a part of the deal, beginning with $300 million at signing.
