Business · The Verge
Lastly, the firm landed a major pact with Uber to sell tens of thousands of R2 vehicles to the ridehail
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Key facts
- In terms of earnings, Rivian said it brought in $1.38 billion in revenue, an 11.3 percent increase compared to the $1.24 billion in Q1 2025
- Rivian said it brought in $1.38 billion in revenue, an 11.3 percent increase compared to the $1.24 billion in Q1 2025
- Of that amount, $908 million came from automotive revenue, which is down 1.5 percent year over year
- Rivian’s gross profits were $119 million, a 42 percent decrease year over year
Summary
The company maintains it will achieve positive gross profits by the end of the year. Rivian reported its first quarter earnings of 2026, providing them a closer look at the company’s financial health as it kicks off production for the crucial R2 electric vehicle. They've already got Rivian’s production and delivery statement from the first three months of the year. In terms of earnings, Rivian said it brought in $1.38 billion in revenue, an 11.3 percent increase compared to the $1.24 billion in Q1 2025. Rivian’s gross profits were $119 million, a 42 percent decrease year over year.