How does Rivian Automotive (RIVN) make money?

Rivian Automotive (RIVN) generates revenue primarily from Automotive, which accounted for 69% of total revenue in TTM through Q1 2026. The company reported $5.53B in revenue and converted -63.6% of it into net profit, equivalent to roughly -$3.52B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Rivian Automotive (RIVN)?

Rivian Automotive (RIVN) reported a gross profit margin of -1.7% in TTM through Q1 2026, equivalent to -$95M in gross profit on $5.53B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Rivian Automotive (RIVN)?

Rivian Automotive (RIVN) reported an operating profit margin of -68.9% in TTM through Q1 2026, equivalent to -$3.81B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Rivian Automotive (RIVN)?

Rivian Automotive (RIVN) reported a net profit margin of -63.6% in TTM through Q1 2026, equivalent to -$3.52B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Rivian Automotive (RIVN) profitable?

Rivian Automotive (RIVN) reported a net loss of $3.52B for TTM through Q1 2026, a net profit margin of -63.6%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Rivian Automotive (RIVN) invest in research and development?

Rivian Automotive (RIVN) invested $1.71B in research and development during TTM through Q1 2026, roughly 30.9% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

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

Rivian Automotive (RIVN) spent $1.71B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 30.9% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Rivian Automotive (RIVN) generate?

Rivian Automotive (RIVN) generated -$2.49B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -45.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Rivian Automotive (RIVN)?

Rivian Automotive (RIVN) reports revenue across 2 reportable product segments, led by Automotive at 69% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Rivian Automotive Makes Money: 2026 Visual Revenue Map

Rivian Automotive (RIVN) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

Rivian Automotive discloses geographic revenue only in annual filings. to view the full breakdown.

Rivian Automotive (RIVN) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Rivian Automotive (RIVN), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Automotive	$3.82B	69%
Software And Services	$1.71B	31%
Total	$5.53B	100%

Automotive$3.82B
Software And Services$1.71B
Total$5.53B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Rivian Automotive (RIVN) reports revenue across 2 reportable product segments; the largest segment was Automotive at 69%, followed by Software And Services (31%).

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