Rivian Releases Third Quarter 2026 Financial Results
Rivian reported Q3 2026 revenue of $2.155 billion, up 38% year-over-year, on record deliveries of 19,248 units, up 46% YoY, as the R2 ramp lifted production to a record 19,751 vehicles. R2 became Rivian's best-selling vehicle by volume in its first full quarter, and gross profit improved $152 million YoY to $176 million, though that included $81 million of regulatory credit revenue and roughly $120 million of incremental R2 ramp costs in cost of revenues. The company raised FY26 delivery guidance to 67,000-70,000 units, improved adjusted EBITDA guidance by $100M at the midpoint, and cut capex guidance by $300M, while still posting a $(913)M net loss and $(1,124)M free cash outflow.
Key figures
- Revenue
- 2155000000
- Guidance
- FY26 deliveries raised to 67,000-70,000 from 65,000-70,000; adjusted EBITDA improved by $100M at midpoint to $(1.85)B-$(1.75)B; capex lowered by $300M at midpoint to $1.40B-$1.50B
- Revenue Yoy
- 38%
- Deliveries
- 19248
- Production
- 19751
- Gross profit
- 176000000
- Total liquidity
- 6095000000
- Automotive revenue
- 1550000000
- Regulatory credit revenue
- 81000000
- Software services revenue
- 605000000
- Cash and short term investments
- 5502000000
- Pro forma liquidity with vw loan
- 7095000000
AI analysis
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