RIVN on Nasdaq

Rivian Automotive

Logo: Rivian, LLC, Public domain, via Wikimedia Commons5

American electric vehicle company

Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology company founded in 2009. It produces an electric sport utility vehicle (SUV) and a pickup truck, both on a "skateboard" platform that can support future vehicles and be adopted by other companies. They also produce an electric delivery van, the Rivian EDV.3 It was founded by Robert "RJ" Scaringe.1 Its chief executive is Robert "RJ" Scaringe (since 2009).1 Its revenue was $4.5 billion in 2024.1 Its shares trade on Nasdaq under the symbol RIVN.1 Wikipedia text CC BY-SA 4.0

$13.06 up 0.12 (0.89%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

$5.4BRevenue, fiscal 20256
-$3.6BNet income, fiscal 20256
Jun 2009Founded1

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  • TickerRIVN on Nasdaq1
  • Industryautomotive industry1
  • HeadquartersDetroit1
  • Websiterivian.com
  • Legal formlimited liability company1
  • Incorporated inDE7
  • Business address14600 Myford Road, Irvine, Ca 926187
  • Filer categoryLarge accelerated filer7
Rivian Normal Plant Floor
Photo: Photo by Rivian., CC BY-SA 4.0, via Wikimedia Commons10

Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology company founded in 2009. It produces an electric sport utility vehicle (SUV) and a pickup truck, both on a "skateboard" platform that can support future vehicles and be adopted by other companies. They also produce an electric delivery van, the Rivian EDV. The EDV is sold to Amazon for its deliveries. It started deliveries of its R1T pickup truck in late 2021, R1S sport utility vehicle in 2023, and R2 midsize SUV in 2026. The company also operates the Rivian Adventure Network, an open DC fast charging network in the United States.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.7%Gross margin6
-66.5%Operating margin6
-67.7%Net margin6
8.4%Revenue growth, 20256
-79.4%Return on equity6
0.97×Debt to equity6
-$2.5BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Vehicles brought in 52% of the revenue Rivian Automotive broke down this way in fiscal 2025.

  1. Vehicles$3.6B652%down 13% from 2024
  2. Software And Services$1.6B622%up 222% from 2024
  3. Software And Services Revenue$1.6B622%up 226% from 2024
  4. Regulatory Credits$197.0M63%down 41% from 2024
Products and services by year
Products and services202320242025
Vehicles$4.1B$4.2B$3.6B
Software And Services$302.0M$484.0M$1.6B
Software And Services Revenue$302.0M$476.0M$1.6B
Regulatory Credits$73.0M$333.0M$197.0M

Business segments

Automotive brought in 71% of the revenue Rivian Automotive broke down this way in fiscal 2025.

  1. Automotive$3.8B671%down 15% from 2024
  2. Software and Services$1.6B629%up 222% from 2024
Business segments by year
Business segments202320242025
Automotive$4.1B$4.5B$3.8B
Software and Services$302.0M$484.0M$1.6B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue58¢$5.2B
  • Research and development19¢$1.7B
  • Selling, general and admin23¢$2.1B
  • Income tax0¢$6.0M

Out of $5.4B in revenue.6 The company lost money this year.

Financial statements

Revenue111213146$5.4B in 2025
0$2.0B$4.0B$6.0B2019: $0$020192020: $0$020202021: $55.0M$55.0M20212022: $1.7B$1.7B2022+2915%2023: $4.4B$4.4B2023+167%2024: $5.0B$5.0B2024+12%2025: $5.4B$5.4B2025+8%
Gross profit111213146$144.0M in 2025
-$4.0B-$3.0B-$2.0B-$1.0B0$1.0B2019: $0$020192020: $0$020202021: -$465.0M-$465.0M20212022: -$3.1B-$3.1B2022+572%2023: -$2.0B-$2.0B2023−35%2024: -$1.2B-$1.2B2024−41%2025: $144.0M$144.0M2025
Operating income111213146-$3.6B in 2025+777% since 2019
-$8.0B-$6.0B-$4.0B-$2.0B02019: -$409.0M-$409.0M20192020: -$1.0B-$1.0B2020+150%2021: -$4.2B-$4.2B2021+313%2022: -$6.9B-$6.9B2022+62%2023: -$5.7B-$5.7B2023−16%2024: -$4.7B-$4.7B2024−18%2025: -$3.6B-$3.6B2025−24%
Net income111213146-$3.6B in 2025+756% since 2019
-$8.0B-$6.0B-$4.0B-$2.0B02019: -$426.0M-$426.0M20192020: -$1.0B-$1.0B2020+139%2021: -$4.7B-$4.7B2021+361%2022: -$6.8B-$6.8B2022+44%2023: -$5.4B-$5.4B2023−20%2024: -$4.7B-$4.7B2024−13%2025: -$3.6B-$3.6B2025−23%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Total revenues (Note 4)$5.4B$5.0B$4.4B
Total cost of revenues (Note 4)$5.2B$6.2B$6.5B
Gross (loss) profit$144.0M-$1.2B-$2.0B
Research and development (Note 2)$1.7B$1.6B$2.0B
Selling, general, and administrative (Note 2)$2.1B$1.9B$1.7B
Total operating expenses$3.7B$3.5B$3.7B
Loss from operations-$3.6B-$4.7B-$5.7B
Interest income$293.0M$385.0M$522.0M
Interest expense (Note 10)-$274.0M-$318.0M-$220.0M
Loss on convertible notes, net (Note 10)$0-$112.0M$0
Other income (expense), net-$54.0M-$7.0M$6.0M
Loss before income taxes-$3.6B-$4.7B-$5.4B
Provision for income taxes-$6.0M-$5.0M-$1.0M
Net loss-$3.6B-$4.7B-$5.4B
Less: Net income attributable to noncontrolling interest$20.0M$1.0M$0
Net loss attributable to common stockholders-$3.6B-$4.7B-$5.4B
Net loss attributable to common stockholders, basic-$3.6B-$4.7B-$5.4B
Net loss attributable to common stockholders, diluted-$3.6B-$4.7B-$5.4B
Net loss per share attributable to Class A and Class B common stockholders, basic (in dollars per share)-$3.07-$4.69-$5.74
Net loss per share attributable to Class A and Class B common stockholders, diluted (in dollars per share)-$3.07-$4.69-$5.74
Weighted-average common shares outstanding, basic (in shares)1.2B shares1.0B shares947.0M shares
Weighted-average common shares outstanding, diluted (in shares)1.2B shares1.0B shares947.0M shares

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Corporate structure

Rivian Automotive sits at the top of its group. 32 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Rivian Automotive

  • VOLKSWAGEN AG Filed SCHEDULE 13G/A on Rivian Automotive, latest May 4, 2026 (4 filings since Oct 7, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Rivian Automotive, latest Mar 27, 2026 (2 filings since Feb 13, 2024)
  • BAILLIE GIFFORD & CO Filed SCHEDULE 13G/A on Rivian Automotive, latest Feb 12, 2025 (2 filings since Nov 7, 2024)
  • BlackRock Filed SC 13G/A on Rivian Automotive, latest Jun 7, 2024 (2 filings since Jan 31, 2024)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Rivian Automotive, latest May 10, 2024 (6 filings since Dec 10, 2021)
  • Ford Motor Company Filed SC 13G/A on Rivian Automotive, latest Feb 8, 2023 (2 filings since Feb 10, 2022)
  • Amazon Filed SC 13G on Rivian Automotive, latest Feb 2, 2022
  • Global Oryx Group Holding Co Ltd Filed SC 13G on Rivian Automotive, latest Nov 24, 2021
  • Rivian Automotive Detroit
    • Groveland Eureka Holdings, LLC Subsidiary · Delaware, United States
    • Hunter Excelsior Holdings, LLC Subsidiary · Delaware, United States
    • Iternio Planning AB Subsidiary · Sweden
    • Mind Robotics, Inc. Subsidiary · Delaware, United States
    • RIV UK Engineering Limited Subsidiary · United Kingdom
    • Rivian Adventure Holdings I, LLC Subsidiary · Delaware, United States
    • Rivian Adventure Holdings II, LLC Subsidiary · Delaware, United States
    • Rivian and Volkswagen Group Technologies Canada, Inc. Subsidiary · Canada
    • Rivian and Volkswagen Group Technologies doo Beograd-Novi Beograd Subsidiary · Serbia
    • Rivian and Volkswagen Group Technologies Germany GmbH Subsidiary · Germany
    • Rivian and Volkswagen Group Technologies Sweden, AB Subsidiary · Sweden
    • Rivian and Volkswagen Group Technologies, LLC Subsidiary · Delaware, United States
    • Rivian Asia Limited Subsidiary · Hong Kong
    • Rivian Automotive Canada, Inc. Subsidiary · Canada
    • Rivian Europe, B.V. Subsidiary · Netherlands
    • Rivian France SAS Subsidiary · France
    • Rivian GmbH Subsidiary · Germany
    • Rivian Holdings, LLC Subsidiary · Delaware, United States
    • Rivian Insurance Services, LLC Subsidiary · Delaware, United States
    • Rivian IP Holdings, LLC Subsidiary · Delaware, United States
    • Rivian JV SPV, LLC Subsidiary · Delaware, United States
    • Rivian Lone Star Holdings, LLC Subsidiary · Delaware, United States
    • Rivian Mexico Sociedad de Responsabilidad Limitada de Equity Subsidiary · Mexico
    • Rivian Michigan, LLC Subsidiary · Delaware, United States
    • Rivian Netherlands, B.V. Subsidiary · Netherlands
    • and 6 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Rivian Automotive reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$81.0M6 Dec 31, 2025$82.0M6 Dec 31, 2024−1.2%
Operating-lease assets (leased space)$571.0M6 Dec 31, 2025$416.0M6 Dec 31, 2024+37.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.6B6 Dec 31, 2025$5.3B6 Dec 31, 2024−32.4%
Marketable securities, current$2.5B6 Dec 31, 2025$2.4B6 Dec 31, 2024+4.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.6B6 Dec 31, 2025$2.2B6 Dec 31, 2024−29.1%
Finished goods$797.0M6 Dec 31, 2025$897.0M6 Dec 31, 2024−11.1%

Properties, in its own words

Rivian’s Headquarters are in Southern California. Our principal facilities include leased and owned properties in the United States, Canada, and Europe that are used for engineering, research and development, design, customer engagement, sales, service, and administrative activities. We own an approximately 7.5 million square foot manufacturing facility in Normal, Illinois (the “Normal Factory”) with the capacity to produce up to 215,000 vehicles annually. Our footprint also includes leased and owned property for service, delivery, sales, and the Rivian Adventure Network.

In November 2023, we entered into a long-term rental agreement for approximately 1,700 acres of land with plans to develop a manufacturing facility near the city of Social Circle, Georgia (the “Stanton Springs North Facility”). We are planning to begin construction of the Stanton Springs North Facility in 2026.

The rest of Item 2

Our facilities are suitable and adequate for the conduct of our business. The Normal Factory is primarily used by the automotive segment, and Rivian Adventure Network sites are primarily used by the software and services segment. All other facilities are generally used by both reportable segments.

Item 2 of the 10-K filed Feb 12, 2026.19

The story

Founded by Robert "RJ" Scaringe on Jun 2009.1

Beginnings (2009)

The company was founded in Rockledge, Florida in 2009 as Mainstream Motors by RJ Scaringe. After being renamed as Avera Automotive or Avera Motors, and finally Rivian Automotive in 2011 (a word play on the Indian River in Florida, where Scaringe grew up), the company began focusing on autonomous and electric vehicles.

Rivian's first car model was intended to be a sports car. This vehicle, dubbed the R1, was prototyped as a mid-engine hybrid coupe for the U.S. market, designed by Peter Stevens. However, it was shelved in late 2011 as Rivian looked to restart its business in an effort to have a larger impact on the automotive industry.

Rivian received a large investment and grew significantly in 2015, opening research facilities in Michigan and the San Francisco Bay Area. Shortly thereafter, Rivian began working exclusively on electric autonomous vehicles, in an attempt to build a network of related products. It also began gearing its prototypes toward the "ride-sharing and driverless car markets."

Setting up production (2016)

By September 2016, Rivian was negotiating to buy a manufacturing plant formerly owned by Mitsubishi Motors in Normal, Illinois. In January 2017, Rivian acquired the plant and its manufacturing machinery for $16 million, with the plant to become Rivian's primary North American manufacturing facility. Rivian's acquisition of a near production-ready facility instead of building a new factory has been likened to Tesla's acquisition of the NUMMI plant in California.

In December 2017, Rivian revealed its first two products: an electric five-passenger pickup truck and an electric seven-passenger SUV, provisionally named the A1T and A1C, respectively. In November 2018, the truck and SUV were renamed the R1T and R1S, respectively, and unveiled at the LA Auto Show. Both vehicles were described as ready for rough terrain and semi-autonomous, and the company outlined a plan for its next generation of models to be fully autonomous. Production was scheduled to begin in 2020.

Rivian had 250 employees at the start of 2018. By February 2019, Rivian was employing 750 people across facilities in Michigan, Illinois, California, and the United Kingdom. In November 2020, Rivian employed 3,000-plus workers. Over the span of another year, employment roughly tripled, and in November 2021, Rivian had 9,000-plus employees.

Shipment of first models, IPO, and expansion (2021)

In late 2020, Rivian planned to begin shipments of the R1T in June 2021. The June 2021 date later slipped to August. By August, vehicle shipments were delayed again, partly due to the global shortage of microchips. In September 2021, Rivian became the first automaker to bring a fully electric pickup to the consumer market, beating industry mainstays such as GM, Ford, and Tesla. In October 2021, Rivian began delivering the R1T truck to customers.

On November 10, 2021, Rivian became a public company through an IPO. 153 million shares were sold at an initial offering price of $78.00, valuing the company at $66.5 billion. The shares began trading on the Nasdaq under the ticker "RIVN". On its first trading day, the stock closed at $100.73 per share, valuing the company at just under $100 billion. On November 19, 2021, Ford and Rivian announced that the two automakers no longer plan to co-develop an electric vehicle. Ford announced the company would retain a 12 percent stake in Rivian, which reached a value of more than $10 billion after the IPO. Ford had sold around 90 percent of its stake in Rivian for $3 billion by the end of 2022, an increase from its $1.2 billion investment. In December 2021, at the same time that Rivian began to deliver its R1S SUVs, Rivian's chief operations officer, Rod Copes, stepped down and retired from the company as it began to ramp up production of its vehicles.

Read the full text

On March 1, 2022, Rivian announced price increases of 17% for the R1T and 20% for the R1S, citing a shortage of semiconductors and higher costs for other components. There was immediate backlash from customers that had previously made reservations as the price hike would also affect their preorders. Rivian later apologized for the retroactive price increases and stated that the original configured price would be honored for anyone with a Rivian preorder as of the March 1 pricing announcement. On March 14, 2022, Rivian announced the company hired Frank Klein as its COO (chief operations officer). Klein began on June 1, 2022.

In March 2022, Rivian made it to TIME's List of 100 Most Influential Companies of the year 2022. On July 27, 2022, Rivian announced it would reduce its workforce by 6% in response to high inflation, rising interest rates, and an increase in parts prices. In September 2022, Rivian signed an MoU with Mercedes-Benz Group to establish a joint venture to invest in and operate a factory in Europe, producing large commercial electric vans starting in a few years. The facility will have a common assembly line to produce a different design for each company. The New York Times characterized the move as "a rare example of cooperation between a traditional carmaker and a new challenger" and noted that Mercedes' extensive experience in manufacturing may allow Rivian to overcome its own issues with it. Rivian cancelled this planned partnership in December 2022, but stated that future collaborations may still be possible. After the company received seven reports of loose torque bolts that did not result in injury, in October 2022, Rivian issued a voluntary recall of 13,000 vehicles.

In January 2023, The Wall Street Journal reported the company experienced the departure of multiple top executives in recent months, including some who were among its longest-tenured employees, in what was referred to as a "challenging period for Rivian."

On June 20, 2023, Rivian announced that it would incorporate Tesla's electric vehicle charging standard, the North American Charging System (NACS) into its R1T trucks and R1S SUVs in 2025, as well as in its upcoming R2 platform. As early as the second quarter of 2024, Rivian owners may be able to use adapters to connect to Tesla's Supercharger network.

A day after the big NACS announcement, on June 21, Rivian announced the acquisition of Iternio, the Swedish mapping company known for its popular EV route-planning app, A Better Route Planner (ABRP), and integrated it into the in-car navigation system. In addition to Rivian mobile app integration, the company said it plans to maintain the standalone ABRP app.

In late 2023, it was reported that Amazon's total fleet size of the EDV had reached 10,000 units. In October 2023, the company also ended the exclusivity deal it had with Amazon, allowing Rivian to supply other commercial customers with its electric delivery vehicles. In December 2023 telecommunications company AT&T announced it would take delivery of the trucks from Rivian as part of a trial process for its fleet.

In October 2023 Rivian announced plans to open a new Georgia manufacturing facility with an annual production capacity of 400,000 units in early 2024. In March, 2026, plans for vertical construction to begin by the end of 2026 were announced for the Georgia facility at a meeting of the Joint Development Authority of Jasper, Morgan, Newton and Walton Counties.

Further expansion struggles, and partnership with Volkswagen (2024)

On February 21, 2024, Rivian announced it would be laying off 10% of its salaried workers beginning on February 23, 2024.

In March 2024, the project to open a factory in Georgia was put on hold for financial reasons. It was started up again in November 2024 when the federal government under the Biden Administration announced a $6 billion loan for the factory.

On March 7, 2024, Rivian unveiled the R2 SUV that starts from $45,000, much less than current models, and the R3, that will cost even less than the R2.

On June 25, 2024, Volkswagen Group announced its intention to invest up to $5 billion in Rivian. The investment will commence with an initial $1 billion, with an additional $4 billion anticipated by 2026. This commitment includes $1 billion slated for each of 2025 and 2026, followed by an additional $2 billion in 2026 earmarked for a prospective joint venture aimed at developing electrical architecture and software technology.

Rivian and Volkswagen Group officially launched a joint venture to develop next-generation software-defined vehicle platforms, combining Rivian’s software and Volkswagen’s global scale and manufacturing capabilities.

It was reported on July 29, 2024, that Germany's competition authority gave green light to the form of the joint venture by the two companies.

In February 2025, Rivian opened orders for their Electric Commercial Van (ECV) to businesses managing fleets.

In July 2025, Rivian announced plans to establish an East Coast headquarters at the Junction Krog District building adjacent to the Eastside Beltline in Atlanta, Georgia. The 45,000 ft2 (4,200 m2) office is set to open in late 2025 with plans to accommodate 500 employees by the end of 2026.

For the first quarter of 2026, Rivian produced 10,236 vehicles and delivered 10,365, figures that the company stated were in line with its internal projections. Following the release of these results on April 2, 2026, the company reaffirmed its annual delivery guidance of between 62,000 and 67,000 vehicles for the 2026 fiscal year.

In June 2026, Rivian began customer deliveries of the R2, its midsize electric SUV and first vehicle built on its midsize platform. The R2 was introduced as the company's first lower-priced mass-market model and was viewed as central to Rivian's long-term growth strategy.

In July 2026, Rivian reported second-quarter deliveries of 12,194 vehicles and increased its full-year 2026 delivery guidance to between 65,000 and 70,000 vehicles, citing stronger-than-expected demand for the R1 lineup, commercial vans, and the newly launched R2.

Entry into autonomous vehicles (2025)

In December 2025, Rivian announced that it will be hosting its first "Autonomy and AI Day" to showcase their autonomous capabilities with their end-to-end AI-centric approach, which they believe will help them improve profitability.

In an interview by Fortune on December 9, 2025, Rivian CEO RJ Scaringe announced his goal of creating an autonomous vehicle (AV) that goes beyond driving, and that is able to run and coordinate tasks and errands for people.

From Wikipedia’s article on Rivian, shared under CC BY-SA 4.0.8

Leadership

Who has led Rivian Automotive, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Claire McDonough2021–now
2010201520202025
Board members and other officers (11)

Products and brands

  • autonomous car
  • electric vehicle

Listed on Wikidata.1

Vehicles

Designed to be capable off-road, both R1 models have 14 in (360 mm) of ground clearance. The truck was claimed in early testing to be able to accelerate from 0–60 mph (0–97 km/h) in under 3 seconds, wade through 3 ft 7 in (1.1 m) of water and climb a 45 degree incline. The initial truck on offer had a motor at each of the four wheels, and like some competitors, each wheel can be controlled interdependently. According to Engadget in 2021, "the most expensive models were expected to reach around 450 miles [720 km] on a charge and feature [an] 800HP [600 kW] electric motor Scaringe stated would beat Italian supercars." Rivian has said it is designing the vehicles to facilitate carsharing with their autonomous features. In addition, Rivian announced the intention to make an electric delivery van (EDV) in three different sizes, capable of carrying 500, 700 or 900 cubic feet (14, 20 or 25 m3) of packages. All three EDVs would share their basic electrical and network architecture, ECUs and battery packs with the Rivian R1 models.

In December 2021, Rivian reported that it had over 71,000 pre-orders for its R1 models. They produced a total of 24,337 cars in 2022.

R1T

The R1T is a body-on-frame pickup truck, which features an independent air suspension with hydraulic roll control and up to four electric motors, with up to two located on each axle (front and rear). The R1T Quad produces 1,025 hp (764 kW) and 1,198 lb⋅ft (1,624 N⋅m) of torque. The result in 2021 was a Rivian-claimed 0–60 mph (97 km/h) time of 2.6 seconds.

The Rivian R1T is available in two battery sizes: 108 kWh and 140 kWh. The 2026 R1T has a projected range of 329 miles (529 km) with the Large Pack and 410 miles (660 km) with the Max Pack.

Read the full text

In December 2021, the R1T was named the Motor Trend Truck of the Year.

R1S

The R1S is a sport utility vehicle version of the R1 platform. Because of a shared electric chassis, the R1S design aimed, as of 2018, to have 91 percent shared components with the R1T. The chassis includes braking, suspension and cooling systems with a battery in the center. Rivian's skateboard platform is a relatively flat, low center of gravity chassis typical of electric vehicles, which enables straightforward modification for different body types.

Electric Delivery Van (EDV) and Rivian Commercial Van (RCV)

Rivian entered into a commercial agreement with its investor Amazon, Inc. in February 2019. By September 2019, Amazon's Logistics division had agreed to collaborate with Rivian to design, produce, and purchase 100,000 electric delivery vehicles (EDVs). Initial plans suggested a first delivery date in 2021. As of 2019, Amazon expected to have as many as 10,000 electric vans in operation by 2022, but was not planning to take delivery of the entire 100,000 Rivian vans the contract calls for until 2030. In November 2022, Rivian announced that it had delivered 1,000 EDVs to Amazon. In 2026 Amazon announced that it reached half of its goal and had over 50,000 EV delivery vans in its fleet. The Rivian collaboration is part of Amazon's plan to convert its delivery fleet to 100% renewable energy by 2030.

The van is slated to be built in three sizes, carrying 14 m3 (500 ft3), 20 m3 (700 ft3), or 25 m3 (900 ft3) of packages, each with the same stand-up interior height, but with a narrower smallest model. All of the vans will be built on the same platform, which shares the same electrical and network architecture, ECUs, and battery-pack design with the Rivian R1T/R1S models; most will use a basic single-motor e-axle drive unit driving the front wheels. The van is to be produced exclusively for Amazon initially, and will be built with a steel chassis, as opposed to the aluminum primarily used on the R1T and R1S. The EDV assembly line is a "low-feature-content" assembly line to keep costs down. The van is explicitly designed to allow Amazon to reduce costs and shrink its carbon footprint.

A 150-mile (240 km) prototype for the Amazon electric delivery van was tested on public roads in early 2021. Testing began in Los Angeles and San Francisco. By April 2021, testing was being conducted in Colorado with plans to test in 16 U.S. cities in different climate zones. Tests in Oklahoma and Michigan were underway by July 2021.

Amazon also will source electric vans and three-wheelers from other OEMs, such as Stellantis, Mercedes-Benz Group, and Mahindra. Deployment of the electric delivery vans began in nine U.S. cities in July 2022.

Under terms of a 2019 agreement, Rivian was required to sell all of the vans it makes to Amazon. In early 2023, it was reported that Amazon had notified Rivian that it wanted to buy about 10,000 vans during the year. As this was at the low end of a range previously provided to the auto maker, in response Rivian sought to remove the exclusivity terms of the agreement. By January 2024, Amazon agreed to end the exclusivity arrangement, allowing Rivian to be free to seek new commercial customers for the vans.

In February 2025, Rivian opened up orders for the vans to business fleet customers. Models sold for business fleets are branded as Rivian Commercial Vans (RCVs).

R2

The R2 is a smaller, less-expensive midsize SUV on a new platform. Rivian announced full trims and pricing for the R2 on March 12, 2026: the R2 Performance with Launch Package (dual-motor AWD, 656 hp, EPA-estimated range up to 330 miles, from $57,990, spring 2026); R2 Premium (dual-motor AWD, 450 hp, from $53,990, late 2026); and R2 Standard variants (single-motor RWD, from $48,490, arriving through 2027, with a lower-priced ~$45,000 version to follow in late 2027). The R2 has a native NACS charge port with access to the Tesla Supercharger network and CCS adapter support. Customer R2 production began at the Normal, Illinois, plant on April 22, 2026, and first customer deliveries began on June 9, 2026. Rivian's Georgia plant is expected to add R2-platform manufacturing capacity after it comes online in 2028.

R3 and R3X

The Rivian R3 is a planned compact electric crossover on the R2 midsize platform. As of mid-2026 it has not been priced and has no confirmed release date.

The Rivian R3X is a higher-performance variant of the R3 that will feature higher ground clearance and a tri-motor setup.

Facilities

Rivian is headquartered in Irvine, California, with its location focusing on vehicle engineering and design, propulsion and battery system development, and commercial functions. Rivian's sole production factory in Normal, Illinois, manufactures vehicle components, such as battery packs. The 2.6-million-square-foot (240,000 m2) plant has a paint shop, robotics, stamping machines, and other production equipment, such as injection molding. Rivian's facility in Plymouth, Michigan, focuses on vehicle engineering, prototyping, supply chain, and accounting. Rivian's facility in Palo Alto, California, focuses on software development and engineering, including self-driving features. The company has additional office locations in Carson, California, and Woking, England, working on electric power conversion and advanced engineering, respectively.

Rivian's Normal factory has steadily grown over the years. In July 2020, Rivian's plans for additions totaling 576,000 ft2 (53,500 m2) its production facility were approved by the town council. In October 2021, Rivian made public plans to grow the facility with a 623,000 ft2 (57,900 m2) addition to be built on the west side of the existing facility, which if built would bring the total Rivian facility size to 3,900,000 ft2 (360,000 m2).

In December 2021, Rivian announced plans to build a $5 billion battery and assembly plant east of Atlanta. Construction is planned to begin in summer 2022 with car production beginning in 2024 with plans to manufacture up to 400,000 vehicles a year. The plant is currently projected to employ 7,500 workers with possible growth to 10,000 workers. Some locals are opposed to the Rivian plant with reasons such as environmental concerns and government costs, including Georgia proposing to allocate $125 million for costs associated with the factory. In early 2024, the company announced that it was putting on hold construction of the Georgia plant, the land for which had been at least 90% graded. For the present, all vehicles will continue to be made in the Normal plant.

Vehicle sales

The chart below presents the quarterly sales of Rivian Electric Vehicles as per the data provided by the company in the shareholder letters for the financial years mentioned.

The table below shows the cumulative total production of vehicles with the quarterly total production and total sales also shown.

From Wikipedia’s article on Rivian, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Owners

Subsidiaries (Exhibit 21)

  • Groveland Eureka Holdings, LLC Delaware9
  • Hunter Excelsior Holdings, LLC Delaware9
  • Iternio Planning AB Sweden9
  • Mind Robotics, Inc. Delaware9
  • Mind Robotics, LLC Delaware9
  • RIV UK Engineering Limited England and Wales9
  • Rivian Adventure Holdings I, LLC Delaware9
  • Rivian Adventure Holdings II, LLC Delaware9
  • Rivian Asia Limited Hong Kong9
  • Rivian Automotive Canada, Inc. Canada9
  • Rivian Automotive, LLC Delaware9
  • Rivian Europe, B.V. Netherlands9
  • Rivian France SAS France9
  • Rivian GmbH Germany9
  • Rivian Holdings, LLC Delaware9
  • Rivian IP Holdings, LLC Delaware9
  • Rivian Insurance Services, LLC Delaware9
  • Rivian JV SPV, LLC Delaware9
  • Rivian Lone Star Holdings, LLC Delaware9
  • Rivian Mexico Sociedad de Responsabilidad Limitada de Equity Mexico9
  • Rivian Michigan, LLC Delaware9
  • Rivian Netherlands, B.V. Netherlands9
  • Rivian New Horizon, LLC Delaware9
  • Rivian SE Europe d.o.o. Beograd Serbia9
All 34 listed subsidiaries
  • Rivian Supplier Park Illinois, LLC Delaware9
  • Rivian Tennessee, LLC Delaware9
  • Rivian United Kingdom Limited England and Wales9
  • Rivian Utah, LLC Delaware9
  • Rivian and Volkswagen Group Technologies Canada, Inc. Canada9
  • Rivian and Volkswagen Group Technologies Germany GmbH Germany9
  • Rivian and Volkswagen Group Technologies Sweden, AB Sweden9
  • Rivian and Volkswagen Group Technologies doo Beograd-Novi Beograd Serbia9
  • Rivian and Volkswagen Group Technologies, LLC Delaware9
  • Rivian, LLC Delaware9

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 7, 20268-K New debt or obligation33
  2. Oct 2, 20268-K Regulation FD disclosure34
  3. Aug 27, 20268-K Executive or director change; Regulation FD disclosure35
  4. Jul 30, 20268-K Results of operations36
  5. Jul 9, 20268-K Other events37
  6. Jul 6, 20268-K Results of operations38
  7. Jul 2, 20268-K Regulation FD disclosure39
  8. Jun 26, 20268-K Shareholder vote40
  9. May 4, 20268-K Unregistered sale of shares41
  10. Apr 30, 20268-K Results of operations; Unregistered sale of shares42
  11. Apr 30, 20268-K Entered a material agreement; New debt or obligation43
  12. Apr 2, 20268-K Regulation FD disclosure44
  13. Nov 10, 2021Went public Listed on NASDAQ1
  14. Jun 2009Founded Founded1
  15. 2009New chief executive Robert "RJ" Scaringe becomes CEO1

Calendar

Coming up

  1. Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.82) a share, on Nov 4, 2025.45

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results36
  2. Jul 6, 2026Reported quarterly or annual results38
  3. Apr 30, 2026Reported quarterly or annual results42
  4. Feb 12, 2026Reported quarterly or annual results46
  5. Nov 4, 2025Reported quarterly or annual results47
  6. Aug 5, 2025Reported quarterly or annual results48
  7. May 6, 2025Reported quarterly or annual results49
  8. Feb 20, 2025Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

533 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 85 major events, 288 insider forms, 20 large holders, 120 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Oct 2, 20268-K EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 1, 2026144 EDGAR
  5. Sep 16, 20264 EDGAR
  6. Sep 11, 2026144 EDGAR
  7. Aug 27, 20268-K EDGAR
  8. Aug 21, 20264 EDGAR
  9. Aug 20, 2026144 EDGAR
  10. Aug 18, 2026144 EDGAR
  11. Aug 18, 20264 EDGAR
  12. Aug 18, 20264 EDGAR
  13. Aug 18, 20264 EDGAR
  14. Aug 18, 20264 EDGAR
  15. Jul 30, 202610-Q EDGAR
  16. Jul 30, 20268-K EDGAR
  17. Jul 22, 20264 EDGAR
  18. Jul 22, 20264 EDGAR
  19. Jul 22, 20264 EDGAR
  20. Jul 22, 20264 EDGAR

The 533 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

96 open-market trades by officers, directors and large owners since October 2021: 18 buys and 78 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 11, 2026CALLAHAN MICHAEL JOHNChief Administrative OfficerSale15,000$16.29$244.3KForm 4
Aug 20, 2026McDonough ClaireChief Financial OfficerSale8,023$16.00$128.4KForm 4
Aug 18, 2026McDonough ClaireChief Financial OfficerSale13,144$14.50$190.6KForm 4
Jul 6, 2026Boone KarenDirectorSale20,000$20.00$400.0KForm 4
Jun 3, 2026McDonough ClaireChief Financial OfficerSale8,022$18.00$144.4KForm 4
May 29, 2026McDonough ClaireChief Financial OfficerSale8,023$16.00$128.4KForm 4
May 28, 2026Scaringe Robert JChief Executive OfficerSale34,818$15.00$522.3KForm 4
May 21, 2026McDonough ClaireChief Financial OfficerSale7,600$14.00$106.4KForm 4
May 18, 2026McDonough ClaireChief Financial OfficerSale5,544$13.43$74.5KForm 4
May 15, 2026Gomez Aidan N.DirectorBuy18,000$13.97$251.5KForm 4
Apr 30, 2026Volkswagen US-Holding, Inc.10% ownerBuy62,889,522$15.90$999.9MForm 4
Apr 22, 2026McDonough ClaireChief Financial OfficerSale10,245$18.00$184.4KForm 4
Apr 14, 2026Scaringe Robert JChief Executive OfficerSale21,446$16.17$346.8KForm 4
Mar 31, 2026Scaringe Robert JChief Executive OfficerSale20,264$15.00$304.0KForm 4
Mar 17, 2026Scaringe Robert JChief Executive OfficerSale17,450$15.60$272.2KForm 4
Mar 3, 2026Scaringe Robert JChief Executive OfficerSale17,450$15.00$261.8KForm 4
Feb 18, 2026Scaringe Robert JChief Executive OfficerSale34,900$16.80$586.3KForm 4
Feb 18, 2026McDonough ClaireChief Financial OfficerSale27,133$16.80$455.8KForm 4
Jan 20, 2026Scaringe Robert JChief Executive OfficerSale17,450$16.03$279.7KForm 4
Jan 6, 2026Scaringe Robert JChief Executive OfficerSale17,450$19.54$341.0KForm 4

All 96 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Robert J. ScaringeChief Executive Officer43$1.1M$402.6M59
2025Claire McDonoughChief Financial Officer44$548.1K$14.5M59
2025Michael CallahanChief Administrative Officer57$548.1K$10.0M59
2024Robert J. ScaringeChief Executive Officer43$1.0M$14.9M59
2024Claire McDonoughChief Financial Officer44$450.0K$8.2M59
2023Robert J. ScaringeChief Executive Officer43$759.0K$14.4M59
2023Claire McDonoughChief Financial Officer44$450.0K$5.0M59

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Amazon Com Inc158,363,834$2.7B62.1%No change
BlackRock, Inc.56,419,011$978.9M0.0%+2,448,064
Baillie Gifford & Co43,210,348$749.7M0.7%−611,152
Vanguard Capital Management LLC39,268,910$681.3M0.0%−990,512
Vanguard Portfolio Management LLC34,835,795$604.4M0.0%−1,249,388
State Street Corp22,396,819$388.6M0.0%+1,801,150
Jpmorgan Chase & Co22,651,249$381.4M0.0%−130,158
Slate Path Capital LP21,978,400$381.3M5.3%New
D. E. Shaw & Co., Inc.20,832,777$361.4M0.2%+12,203,342
Uber Technologies, Inc19,553,911$339.3M7.5%New
Two Sigma Investments, LP19,178,109$332.7M0.3%+9,624,687
Geode Capital Management, LLC16,067,368$278.0M0.0%+753,671
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC13,014,970$225.8M0.0%−92,859
Norges Bank11,617,138$201.6M0.0%New
Morgan Stanley11,504,898$199.6M0.0%+1,183,446
Capital World Investors11,117,342$192.9M0.0%+165,113
UBS Group AG10,870,671$188.6M0.0%+613,391
Fmr LLC8,546,948$148.3M0.0%−139,321
Northern Trust Corp8,126,048$141.0M0.0%+468,867
Capital International Investors8,057,778$139.8M0.0%−2,154,838
Dimensional Fund Advisors LP7,854,599$136.2M0.0%+415,823
Renaissance Technologies LLC7,599,796$131.9M0.2%−3,317,300
Marshall Wace, Llp7,167,905$124.4M0.1%+3,512,799
Amundi6,982,253$121.1M0.0%+174,662
Citigroup Inc6,127,012$106.3M0.0%−2,547,235

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 6, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+114.3%Report
Jan 31, 2023Daniel S. GoldmanDemocratic, HouseBuy$15,001 - $50,000−122.3%Report
Jan 21, 2022James R. Langevin, HouseBuy$1,001 - $15,000−155.9%Report
Dec 23, 2021Dan CrenshawRepublican, HouseSale$1,001 - $15,000+150.5%Report
Dec 17, 2021Aston Donald McEachin, HouseBuy$1,001 - $15,000−154.4%Report
Dec 14, 2021Dan CrenshawRepublican, HouseBuy$1,001 - $15,000−155.4%Report
Nov 10, 2021Marie Newman, HouseBuy$15,001 - $50,000−153.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Rivian Automotive is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRivian Automotive, Inc. / DE2
  • CIK0001874178
  • Employer ID (EIN)47-354498119
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inDelaware19
  • Fiscal year endsDecember 312
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address14600 Myford Road, Irvine, CA 926182
  • Phone(888) 748-42612
  • Shares outstanding1,237,077,289 Common Class A shares; 3,912,500 Common Class B shares as of Jan 29, 202619
  • Public float$14.3B as of Jun 30, 202519
  • AuditorKPMG LLP, Detroit, Michigan PCAOB ID 185; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceAug 25, 20212
  • Filings535 in all: 4 (268), 8-K (84), 144 (63), 3 (20), 10-Q (15), CORRESP (10), SC 13G (7), SC 13G/A (7)2
    All 32 form types

    S-8 (6), UPLOAD (6), 10-K (5), DEF 14A (5), DEFA14A (5), SCHEDULE 13G/A (5), ARS (4), S-1/A (3), SD (3), 424B5 (2), PX14A6G (2), S-3ASR (2), SEC STAFF LETTER (2), 144/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), EFFECT (1), PRE 14A (1), S-1 (1), S-1MEF (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 12, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Apr 27, 2026
    Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, $0.001 par value per shareRIVNThe Nasdaq Stock Market

From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Rivian Automotive names in Item 1A of its 10-K filed Feb 12, 2026: 75 risks under these headings, as written.19

  • Risks Related to Our Business
  • We are a growth stage company with limited operating history and a history of losses. We expect to incur significant expenses and continuing losses for the foreseeable future and may not be able to achieve or maintain profitability in the future.
  • We expect to continue to incur significant cost of revenues, operating expenses, and capital expenditures, and we may underestimate or not effectively manage the cost of revenues, operating expenses, and capital expenditures associated with our business and operations.
  • We will require additional financings to raise capital to support our business, which may not be available in a timely manner, on terms that are acceptable, or at all.
  • The success of our business depends on attracting and retaining a large number of consumers and maintaining strong demand for our vehicles, software and services. If we are unable to do so, we will not be able to achieve profitability.
  • The automotive and value added software and services markets in which we operate are highly competitive, and we may not be successful in competing in these markets.
  • Our future growth is dependent on the demand for, and upon customers’ willingness to adopt, EVs.
  • Our long-term results depend upon our ability to successfully introduce, integrate, and market new products and services, which may expose us to new and increased challenges and risks, and any inability to do so could materially and adversely affect our business, prospects, financial condition, results of operations, and cash flows.
  • We have experienced, and may in the future experience, significant delays in the manufacture and delivery of our vehicles, which could harm our business, prospects, financial condition, results of operations, and cash flows.
  • We must continue to develop complex software and hardware in coordination with the Joint Venture and our other vendors and suppliers to reach mass production for our vehicles, and there can be no assurance such systems will be successfully developed or integrated on a timely basis or at all, or perform effectively once integrated.
  • We are subject to risks associated with our joint venture with Volkswagen Group, including that a significant portion of our software and services revenues has been from Volkswagen Group. If the Joint Venture does not meet its operational objectives, or we do not achieve the anticipated incremental benefits and future revenue opportunities as a result of the Joint Venture then our business, prospects, financial condition, results of operations, and cash flows could be materially and adversely affected.
  • We may be subject to risks associated with additional strategic alliances or acquisitions.
The other 64 risks
  • We have experienced, and could experience in the future, cost increases and disruptions in supply of raw materials, components or equipment used to produce our vehicles.
  • We are dependent on establishing and maintaining relationships with vendors and suppliers necessary for the production of our products and services, a significant number of which are single or limited source suppliers, and effectively managing the risks due to such relationships.
  • We may not be able to accurately estimate the supply and demand for our vehicles, which could result in a variety of inefficiencies in our business and hinder our ability to generate revenues and profits. If we fail to accurately predict our manufacturing requirements, we could incur additional costs or experience delays.
  • If we fail to scale our business operations or otherwise manage our future growth effectively as we attempt to rapidly grow the Company, we may not be able to produce, market, service and sell (or lease) our vehicles, software and services successfully.
  • A significant portion of our automotive revenues has been from one customer that is an affiliate of one of our principal stockholders. If we are unable to maintain this relationship, or if this customer purchases significantly fewer vehicles than we currently anticipate, then our business, prospects, financial condition, results of operations, and cash flows could be materially and adversely affected.
  • We are highly dependent on the services and reputation of Robert J. Scaringe, our Founder and CEO.
  • We may be unable to offer attractive financing and leasing options to vehicle purchasers, which would adversely affect demand and expose us to financial risks.
  • We may not succeed in maintaining and strengthening our brand, which would materially and adversely affect customer acceptance of our vehicles, software, and services.
  • Our passion and focus on delivering a high-quality and engaging Rivian experience may not maximize short-term financial results, which may yield results that conflict with the market’s expectations and could result in our stock price being negatively affected.
  • Our distribution model is different from the predominant current distribution model for automobile manufacturers and is subject to regulatory limitations on our ability to sell, lease and service vehicles directly, which subjects us to substantial risk and makes evaluating our business, prospects, financial condition, results of operations, and cash flows difficult.
  • Our future success depends on growing the sales of our commercial vehicles and securing additional commercial agreements with businesses.
  • Our operations, IT systems, products and services rely on software and hardware that is highly technical, and from time to time can contain errors, bugs, vulnerabilities, or design defects. If we are unsuccessful in identifying, addressing or mitigating technical limitations in our operations, IT systems, products and services, our business could be adversely affected.
  • We are subject to risks associated with advanced driver assistance technology.
  • We rely on complex machinery for our operations, and production involves a significant degree of risk and uncertainty in terms of operational performance, safety, security, and costs.
  • If there is inadequate access to charging stations, our business will be materially and adversely affected and we may not realize the benefits of our charging networks.
  • Our vehicles use lithium-ion battery cells, which, if not appropriately managed and controlled, have been observed to catch fire or vent smoke and flame.
  • We have limited experience servicing and repairing our vehicles. If we or our partners are unable to adequately service our vehicles, our business, prospects, financial condition, results of operations, and cash flows could be materially and adversely affected.
  • The automotive industry is rapidly evolving and may be subject to unforeseen changes which could adversely affect the demand for our vehicles, software and services or increase our operating costs.
  • The unavailability, reduction or elimination of government and economic incentives and credits could have a material adverse effect on our business, prospects, financial condition, results of operations, and cash flows.
  • We may not be able to obtain or agree on acceptable terms and conditions for all or a significant portion of the government grants, loans and other incentives, including regulatory credits, for which we apply or are approved for. As a result, our business, prospects, financial condition, results of operations, and cash flows could be materially and adversely affected.
  • Vehicle retail sales depend heavily on affordable interest rates and availability of credit for vehicle financing and if rates increase or continue to remain relatively high it could materially and adversely affect our business, prospects, financial condition, results of operations, and cash flows.
  • Insufficient warranty reserves to cover future warranty claims could materially and adversely affect our business, prospects, financial condition, results of operations, and cash flows.
  • Field actions, including product recalls, could materially and adversely affect our business, prospects, financial condition, results of operations, and cash flows.
  • We have been and will become subject to product liability claims, which could harm our business, prospects, financial condition, results of operations, and cash flows if we are not able to successfully defend or insure against such claims.
  • We face risks associated with establishing and maintaining international operations, including unfavorable regulatory, political, currency, tax, and labor conditions, which could harm our business, prospects, financial condition, results of operations, and cash flows.
  • Our business depends substantially on the efforts of our key employees and qualified personnel, and if they are unable to devote a sufficient amount of time and resources to our business, or if we are unable to attract and retain key employees and hire qualified management, technical, EV, software engineering, and commercial personnel, our ability to compete could be harmed.
  • If we cannot maintain our culture as we grow, we could lose the innovation, teamwork, and passion that we believe contribute to our success and our business may be harmed.
  • Our business may be adversely affected by labor and union activities.
  • Our financial results may vary significantly from period to period due to fluctuations in our product demand, production levels, operating costs, working capital, capital expenditures and other factors.
  • We have incurred a significant amount of debt and expect to incur significant additional indebtedness in the future. Our payment obligations under such indebtedness may limit the funds available to us, and the terms of our current or future debt agreements contain or may contain restrictive covenants that may limit our operating flexibility. In addition, our significant amount of debt, and the additional indebtedness we may incur in the future, may impair our financing flexibility.
  • We rely on third-party vendors and suppliers for certain product and service offerings, which exposes us to increased risks.
  • Certain of our principal stockholders or their affiliates are or may in the future engage in, and certain of our directors are affiliated with entities that may in the future engage in, commercial transactions with us, or business activities similar to those conducted by us which may compete directly or indirectly with us, causing such stockholders or persons to have conflicts of interest.
  • We are subject to risks associated with exchange rate fluctuations, interest rate changes, and commodity and credit risk.
  • Risks Related to Information Technology, Data Security, Privacy, and Intellectual Property
  • Breaches in data security, failure of Technology Systems, cyber attacks or other security or privacy-related incidents affecting us or our vendors and suppliers could have a material adverse effect on our reputation and brand, harm our business, prospects, financial condition, results of operations, and cash flows and subject us to legal or regulatory fines or damages.
  • If we fail to comply with federal, state, and foreign laws relating to privacy, data, and data security, we may face potentially significant liability, negative publicity, and an erosion of trust, and increased regulation could materially and adversely affect our business, prospects, financial condition, results of operations, and cash flows.
  • Our use of AI Technologies may not be beneficial to our business, and may result in the performance of our products, services and business, as well as our reputation and the reputations of our customers, to suffer or cause us to incur liability resulting from harm to individuals or the violation of laws or regulations or contracts to which we are a party
  • Any unauthorized control or manipulation of our vehicles’ systems could result in a loss of confidence in us and our vehicles and harm our business.
  • We utilize third-party service providers to support our products, services and business operations and any errors, disruption, performance problems, delays or failure in their or our products, services and business operations could materially and adversely affect our business, prospects, financial condition, results of operations, and cash flows.
  • We are, and may in the future become, subject to patent, trademark, and/or other intellectual property infringement claims, which may be time-consuming, cause us to incur significant liability, and increase our costs of doing business.
  • We may not be able to prevent others from unauthorized use of our intellectual property, which could harm our business and competitive position.
  • If our patents expire or are not maintained, our patent applications are not granted or our patent rights are contested, circumvented, invalidated, or limited in scope, we may not be able to prevent others from selling, developing or exploiting competing technologies or products, which could have a material adverse effect on our business, prospects, financial condition, results of operations, and cash flows.
  • Our use of open-source software in our applications could subject our proprietary software to general release, adversely affect our ability to sell our products and services, and subject us to possible litigation, claims or proceedings.
  • Risks Related to Other Legal, Regulatory, and Tax Matters
  • Our business has been and may continue to be adversely affected by trade tariffs or other trade barriers.
  • We are subject to export and import control laws, and non-compliance with such laws can subject us to civil or criminal liability and other serious consequences, which can harm our business.
  • Our vehicles are subject to motor vehicle safety standards and the failure to satisfy such mandated safety standards would have a material adverse effect on our business, prospects, financial condition, results of operations, and cash flows.
  • We are subject to substantial and evolving regulation and unfavorable changes to, or our failure to comply with, these regulations could have a material adverse effect on our business, prospects, financial condition, results of operations, and cash flows.
  • We may be exposed to delays, limitations, and risks related to permits and other approvals required to build, operate, or expand operations at our manufacturing facilities and face risks in connection with the construction and development of facilities to support R2 in our Normal Factory and our Stanton Springs North Facility.
  • We are subject to various environmental, health, and safety laws and regulations that could impose substantial costs upon us and cause delays in building our manufacturing facilities.
  • We are subject to anti-corruption, anti-bribery, anti-money laundering, and similar laws, and non-compliance with such laws can subject us to administrative, civil, and criminal fines and penalties, collateral consequences, remedial measures
  • and legal expenses, all of which could adversely affect our business, prospects, financial condition, results of operations, and cash flows.
  • We are subject to legal proceedings in the ordinary course of our business. If the outcomes of these proceedings are adverse to us, it could have a material adverse effect on our business, prospects, financial condition, results of operations, and cash flows.
  • Changes in tax laws and the application of such laws may materially and adversely affect our business, prospects, financial condition, results of operations, and cash flows.
  • Our ability to use net operating loss carryforwards and other tax attributes is limited due to certain provisions of the Internal Revenue Code.
  • Scrutiny and changing requirements, attitudes or expectations from global regulators, our investors, consumers, employees and other stakeholders with respect to our environment, social, and governance (“ESG”) practices may impose additional costs on us or expose us to new or additional risks.
  • Risks Related to the Ownership of Our Class A Common Stock
  • The price of our Class A common stock has been, and may continue to be, volatile or may decline regardless of our operating performance.
  • Our executive officers, directors, and principal stockholders, if they choose to act together, maintain significant voting power.
  • We cannot predict the impact our dual class structure may have on the market price of our Class A common stock.
  • Sales, directly or indirectly, of a substantial amount of our Class A common stock in the public markets by our existing security holders may cause the price of our Class A common stock to decline.
  • If securities or industry analysts do not publish research, or publish inaccurate or unfavorable research, about our business, the price of our Class A common stock and trading volume could decline.
  • We do not intend to pay dividends for the foreseeable future. Consequently, any gains from an investment in our common stock will likely depend on whether the price of our Class A common stock increases.
  • Anti-takeover provisions contained in our restated certificate of incorporation and amended and restated bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
  • Our restated certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for certain stockholder litigation matters and the federal district courts of the United States shall be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or stockholders.
  • General Risk Factors
  • Our insurance strategy may not be adequate to protect us from all business risks.
  • General business and economic conditions could reduce our orders and sales, which could have a material adverse effect on our business, prospects, financial condition, results of operations, and cash flows.

Legal proceedings

Currently we are involved in, or may in the future be involved in, legal proceedings, claims or government investigations in the ordinary course of business relating to, among other things, commercial matters and contracts, intellectual property, labor and employment, discrimination, false or misleading advertising, regulatory matters, competition, pricing, tax, consumer rights/protection, torts/personal injury, real estate, property rights, data privacy/data protection, and securities.

These matters also include the following:

•Between March 7, 2022 and April 19, 2022, three alleged stockholders (the “Plaintiffs”) filed lawsuits against Rivian Automotive, Inc., certain of our officers and directors, and Rivian’s IPO underwriters on behalf of a putative class of purchasers of Rivian common stock in our IPO. The three suits were consolidated under the caption Crews v. Rivian Automotive, Inc., et al, 22-cv-01524-JLS-E (C.D. Cal.). On July 22, 2022 the lead plaintiff filed an amended consolidated complaint alleging violations of Sections 11, 12(a)(2) and 15 of the Securities Act and Sections 10(b) and 20(a) of the Exchange Act and seeking damages, equitable relief and attorneys’ fees and costs. By Order dated February 16, 2023 the Rivian defendants and the underwriter defendants’ motions to dismiss were granted with leave to amend. An Amended Complaint was filed on March 2, 2023. On March 16, 2023 the defendants filed Motions to Dismiss, which were denied by Order dated July 3, 2023. We believe the alleged stockholders’ claims are

meritless. On October 23, 2025 the parties signed a Stipulation of Settlement and plaintiffs filed a Motion for Preliminary Approval of the settlement. The Court issued its Order granting preliminary approval of the proposed settlement on December 18, 2025.

The opening of Item 3, Legal Proceedings.19

Sources

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