Rivian Automotive, Inc., along with its subsidiaries, designs, produces, and markets innovative electric vehicles. The company operates through two business segments: Automotive and Software and Services.

• Rivian Automotive, Inc. recently began production of saleable R2 vehicles in Normal, Illinois, marking a major milestone that reflects years of collaboration and expands Rivian’s signature design, technology, and performance to a much wider customer base.

• The company also raised the initial production capacity of its Georgia facility by 50 percent to 300,000 annual units for its mid-sized platform, improving cost efficiency while supporting future expansion plans ahead of targeted production starting in late 2028.

• Rivian Automotive, Inc. reported first-quarter 2026 revenue of $1.38 billion, representing an 11 percent year-over-year increase driven by stronger software and services performance alongside higher vehicle deliveries. 

• The company delivered 10,365 vehicles and produced 10,236 vehicles during the quarter, while software and services revenue surged 49 percent to $473 million due to increased development and maintenance activity. 

• Rivian posted a net loss of $416 million in the first quarter, improving from a $541 million loss a year earlier, supported by a $506 million gain related to the Mind Robotics transaction. 

• The company ended the quarter with approximately $4.83 billion in cash, cash equivalents, and short-term investments, while reaffirming its 2026 delivery guidance of 62,000 to 67,000 vehicles.

• Rivian Automotive, Inc. achieved a gross profit of $206 million in the first quarter of 2026, marking another quarter of positive gross margin performance as the company continued improving operational efficiency and scaling its software, services, and manufacturing capabilities.