How Rivian Automotive (RIVN) Makes Money: A Visual Guide

Rivian Automotive (RIVN) generated $5.39B in revenue (TTM through Q4 2025) but reported a net loss of $3.65B. Its largest revenue source is Automotive (71.1% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Rivian Automotive (RIVN) Income Statement Flow

Frequently asked questions

How does Rivian Automotive (RIVN) make money?

Rivian Automotive (RIVN) primarily makes money through Automotive, which accounts for 71.1% of total revenue. For TTM through Q4 2025, Rivian Automotive generated $5.39B in total revenue with a net profit margin of -67.7%.

What is Rivian Automotive (RIVN) gross profit margin?

Rivian Automotive (RIVN) reported a gross profit margin of 2.7% for TTM through Q4 2025, equivalent to $144.00M in gross profit. This means Rivian Automotive retains 2.7% of each revenue unit after direct costs of production.

What is Rivian Automotive (RIVN) operating profit margin?

Rivian Automotive (RIVN) reported an operating profit margin of -66.5% for TTM through Q4 2025, equivalent to −$3.58B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Rivian Automotive (RIVN) net profit margin?

Rivian Automotive (RIVN) reported a net profit margin of -67.7% for TTM through Q4 2025, equivalent to −$3.65B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Rivian Automotive (RIVN) invest in R&D?

Rivian Automotive (RIVN) invested $1.67B in research and development in TTM through Q4 2025 (31.0% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Rivian Automotive (RIVN) spend on capital expenditures?

Rivian Automotive (RIVN) spent $1.71B on capital expenditures in TTM through Q4 2025 (31.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Rivian Automotive (RIVN) free cash flow?

Rivian Automotive (RIVN) generated −$2.49B in free cash flow for TTM through Q4 2025 (-46.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.