Rivian Automotive, Inc. / DE income statement

In fiscal 2025, Rivian Automotive, Inc. / DE reported revenue of $5.39bn, up 8.4% on the year before, operating income of −$3.58bn (a -66.5% margin) and net income of −$3.65bn, or −$3.07 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Rivian Automotive, Inc. / DE: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	0	0	55	1,658	4,434	4,970	5,387	6,480
Cost of revenue	0	0	520	4,781	6,464	6,170	5,243	5,886
Gross profit	0	0	−465	−3,123	−2,030	−1,200	144	594
Research and development	301	766	1,850	1,944	1,995	1,613	1,668	1,833
Selling, general and administrative	108	255	1,242	1,789	1,714	1,876	2,061	2,192
Operating income	−409	−1,021	−4,220	−6,856	−5,739	−4,689	−3,585	−3,431
Interest expense	34	8	29	103	220	318	274	271
Income before tax	−426	−1,018	−4,688	−6,748	−5,431	−4,741	−3,620	−2,965
Income tax	0	0	0	4	1	5	6	−1
Net income	−426	−1,018	−4,688	−6,752	−5,432	−4,747	−3,646	−2,973
Diluted EPS	−$2.17	−$5.04	−$22.98	−$7.40	−$5.74	−$4.69	−$3.07	−$2.26
Diluted shares (average)	196m	202m	204m	913m	947m	1,013m	1,186m	1,313m
EBITDA	−402	−992	−4,023	−6,204	−4,802	−3,658	−2,801	−2,569

US$ millions unless shown otherwise. Fiscal quarters.

Rivian Automotive, Inc. / DE: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	1,734	1,240	1,303	1,558	1,286	1,381	1,658	2,155
Cost of revenue	1,564	1,034	1,509	1,534	1,166	1,262	1,479	1,979
Gross profit	170	206	−206	24	120	119	179	176
Research and development	374	381	410	453	424	458	466	485
Selling, general and administrative	457	480	498	554	529	542	549	572
Operating income	−661	−655	−1,114	−983	−833	−881	−836	−881
Interest expense	81	72	69	69	64	65	68	74
Income before tax	−740	−539	−1,113	−1,167	−801	−418	−838	−908
Income tax	3	2	2	−1	3	−2	−1	−1
Net income	−744	−545	−1,117	−1,173	−811	−416	−833	−913
Diluted EPS	−$0.68	−$0.48	−$0.97	−$0.96	−$0.65	−$0.33	−$0.63	−$0.63
EBITDA	−443	−455	−928	−808	−632	−687	−609	−641

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Rivian Automotive, Inc. / DE's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Rivian Automotive, Inc. / DE.