Rivian Statistics 2026
By Axis Intelligence Research
Co-author: Aidan Jad | Last updated: August 4, 2026 | License: CC BY 4.0
Rivian delivered 12,194 vehicles in the second quarter of 2026 and produced 12,613, its strongest quarter since Q3 2025. Consolidated revenue reached $1.658 billion, up 27 percent year over year, and gross profit hit $179 million. The automotive segment still lost money on every vehicle it sold.
Quick Answer: Rivian Statistics at a Glance
Rivian produced 42,284 vehicles and delivered 42,247 in full-year 2025 on $5.387 billion of revenue and a $3.626 billion net loss. In Q2 2026 the company delivered 12,194 vehicles, generated $1.658 billion of revenue, and posted its first quarter of R2 customer deliveries. According to Axis Intelligence Research, Rivian’s automotive segment lost approximately $2,952 of gross profit per vehicle delivered in Q2 2026, while its software segment earned $215 million — covering the vehicle loss nearly six times over.
Key Findings
- Rivian delivered 12,194 vehicles in Q2 2026 and produced 12,613, according to the company’s July 2, 2026 production and delivery release filed with the SEC.
- According to Axis Intelligence Research, Rivian’s Q2 2026 automotive gross loss of $36 million on 12,194 deliveries equals approximately $2,952 of negative gross profit per vehicle delivered.
- According to Axis Intelligence Research, Rivian’s software and services gross profit of $215 million in Q2 2026 covered its automotive gross loss 5.97 times over — the widest cover ratio in the company’s reporting history.
- Rivian’s Normal, Illinois factory has installed annual capacity of 215,000 vehicles, per the FY2025 Form 10-K; Q2 2026 production annualizes to 50,452 units, or 23.5 percent of that capacity, according to Axis Intelligence Research.
- Rivian must deliver between 42,441 and 47,441 vehicles in the second half of 2026 to reach its raised guidance of 65,000 to 70,000 — between 1.88 and 2.10 times its first-half total of 22,559, according to Axis Intelligence Research.
How Many Vehicles Does Rivian Produce and Deliver?
Rivian reports production and delivery figures within two days of each quarter close, before financial results. That cadence makes the volume series the cleanest data Rivian publishes, and the one most often cited incorrectly — quarterly production and quarterly deliveries diverge sharply at this company, because a single-plant manufacturer with a commercial fleet customer builds to a schedule that does not match its retail delivery calendar.
Rivian Quarterly Production and Deliveries, Q4 2024 to Q2 2026
| Quarter | Vehicles produced | Vehicles delivered | Source |
|---|---|---|---|
| Q4 2024 | 12,727 | 14,183 | Rivian 8-K, Jan 3, 2025 |
| Q1 2025 | 14,611 | 8,640 | Rivian 8-K, Feb 12, 2026 |
| Q2 2025 | 5,979 | 10,661 | Rivian 8-K, Feb 12, 2026 |
| Q3 2025 | 10,720 | 13,201 | Rivian 8-K, Feb 12, 2026 |
| Q4 2025 | 10,974 | 9,745 | Rivian 8-K, Jan 2, 2026 |
| Q1 2026 | 10,236 | 10,365 | Rivian 8-K, Apr 2, 2026 |
| Q2 2026 | 12,613 | 12,194 | Rivian 8-K, Jul 2, 2026 |
Two lines in that table explain most of Rivian’s 2025. Q2 2025 production collapsed to 5,979 units during a planned retooling shutdown to install the R2 line. Q3 2025 deliveries spiked to 13,201 as US buyers pulled purchases forward ahead of the federal EV tax credit expiring on September 30, 2025 — a demand shift Rivian names explicitly in its FY2025 Form 10-K. Q4 then gave back what Q3 borrowed, at 9,745 deliveries.
Rivian Annual Deliveries and the 2025 Contraction
Full-year 2024: 49,476 produced, 51,579 delivered. Full-year 2025: 42,284 produced, 42,247 delivered — an 18.1 percent decline in annual deliveries, calculated by Axis Intelligence Research from Rivian’s Q4 2025 production release and its Q4 2024 equivalent. Rivian is one of very few automakers whose unit volume went backward in a year when it was also building a new vehicle line inside the same building.
The Capacity Question Nobody Puts in a Headline
The FY2025 10-K states the Normal Factory is equipped to produce up to 215,000 vehicles annually at full rate on multiple shifts, split as up to 155,000 R2, 85,000 R1 and 65,000 commercial vans. Q2 2026 production of 12,613 units annualizes to 50,452. That is 23.5 percent absorption of installed capacity.
Aidan Jad, EV & Clean Energy Editor: Nameplate capacity in this industry is a permit number and a tooling number, not a promise. What matters is line rate and takt time, and Rivian is running one plant with three platforms sharing paint and general assembly. The 215,000 figure assumes multiple shifts on all three lines simultaneously. Nobody at Normal is doing that yet. The interesting number is not the gap — it is the direction: absorption moved from 19.0 percent in Q1 to 23.5 percent in Q2, and it did so while the R2 line was still in its first full quarter.
How Much Revenue Does Rivian Generate, and How Much Does It Lose?
Rivian Revenue by Segment, Q4 2024 to Q2 2026 (USD millions)
| Quarter | Automotive revenue | Software & services revenue | Total revenue | Gross profit | Gross margin | Source |
|---|---|---|---|---|---|---|
| Q4 2024 | 1,520 | 214 | 1,734 | 170 | 10% | Rivian Q4 2025 release |
| Q1 2025 | 922 | 318 | 1,240 | 206 | 17% | Rivian Q1 2026 release |
| Q2 2025 | 927 | 376 | 1,303 | (206) | (16)% | Rivian Q2 2026 release |
| Q3 2025 | 1,142 | 416 | 1,558 | 24 | 2% | Rivian Q2 2026 release |
| Q4 2025 | 839 | 447 | 1,286 | 120 | 9% | Rivian Q4 2025 release |
| Q1 2026 | 908 | 473 | 1,381 | 119 | 9% | Rivian Q1 2026 release |
| Q2 2026 | 1,143 | 515 | 1,658 | 179 | 11% | Rivian Q2 2026 release |
Full-year 2025 consolidated revenue was $5.387 billion against $4.970 billion in 2024, an 8 percent increase. That headline hides an inversion: automotive revenue fell 15 percent to $3.830 billion while software and services revenue rose 222 percent to $1.557 billion, per the Q4 and full-year 2025 results filed with the SEC. Rivian grew its top line in 2025 by selling software, not by selling more trucks.
Rivian Net Loss History
Rivian’s 10-K discloses net losses of $5,432 million in 2023, $4,746 million in 2024 and $3,626 million in 2025. According to Axis Intelligence Research, that is $13.804 billion of cumulative net loss across three years — against an accumulated deficit of $28.200 billion as of June 30, 2026. Net loss attributable to common stockholders in Q2 2026 was $833 million, improved from $1,117 million a year earlier.
The Per-Vehicle Number
Consolidated gross profit divided by deliveries flatters Rivian, because software carries most of it. The honest unit figure isolates the automotive segment.
| Metric, Q2 2026 | Value | Basis |
|---|---|---|
| Automotive segment revenue | $1,143M | Rivian Q2 2026 release |
| Automotive segment gross profit | $(36)M | Rivian Q2 2026 release |
| Vehicles delivered | 12,194 | Rivian Q2 2026 release |
| Automotive gross profit per vehicle delivered | $(2,952) | Axis Intelligence Research calculation |
| Software & services gross profit | $215M | Rivian Q2 2026 release |
| Software cover ratio | 5.97x | Axis Intelligence Research calculation |
Formula: automotive gross profit per vehicle = automotive segment gross profit ÷ vehicles delivered = -$36,000,000 ÷ 12,194 = -$2,952. Software cover ratio = software and services gross profit ÷ absolute automotive gross loss = $215M ÷ $36M = 5.97.
According to Axis Intelligence Research, Q2 2026 is the first quarter in which Rivian’s software gross profit exceeded its automotive gross loss by more than five times. A year earlier, in Q2 2025, automotive gross loss was $335 million against $129 million of software gross profit — a cover ratio below 0.4. The vehicle business closed most of that gap in twelve months.
What Is the Axis RAMP Index?
Compiling Rivian’s numbers is not the same as reading them. A company mid-ramp can post improving margins while its cash position deteriorates, or absorb more capacity while burning more per unit. Axis Intelligence Research built the RAMP Index — Ramp Absorption, Margin, Persistence — to put those three forces on one 0-to-100 scale.
RAMP Index Methodology
The index has three sourced components and disclosed weights. Every input is a line item published by the company in an SEC filing or an SEC-furnished earnings release.
| Component | Definition | Weight | Normalization |
|---|---|---|---|
| R — Ramp Absorption | Quarterly production x 4, divided by installed nameplate annual capacity | 40% | Percentage maps directly to 0-100 |
| A/M — Margin | Automotive segment gross margin (automotive gross profit ÷ automotive revenue) | 35% | Linear from -25% (score 0) to +25% (score 100) |
| P — Persistence | Cash, cash equivalents and short-term investments ÷ absolute trailing-four-quarter free cash flow | 25% | Linear from 0 years (score 0) to 4.0 years (score 100), capped at 100 |
Installed capacity is held constant at 215,000 units, as disclosed in the FY2025 Form 10-K. Automotive segment margin is used rather than consolidated margin, because the index measures whether the manufacturing business is converging on self-sustaining economics — a software joint venture does not change what a vehicle costs to build. Persistence uses the trailing four quarters of free cash flow rather than a single quarter, so that one heavy capital-expenditure period does not swing the reading.
RAMP Index Readings
| Quarter | Ramp Absorption | Automotive gross margin | Persistence | RAMP Index |
|---|---|---|---|---|
| Q4 2025 | 20.4% | (7.03)% | 2.44 years | 36.0 |
| Q1 2026 | 19.0% | (6.83)% | 1.59 years | 30.3 |
| Q2 2026 | 23.5% | (3.15)% | 1.52 years | 34.2 |
Worked example, Q2 2026: R = (12,613 x 4) ÷ 215,000 = 23.5, scored 23.5. Margin = -$36M ÷ $1,143M = -3.15 percent, scored (-3.15 + 25) ÷ 50 x 100 = 43.7. Persistence = $5,310M ÷ $3,489M of trailing-four-quarter cash burn = 1.522 years, scored 1.522 ÷ 4 x 100 = 38.1. Index = (0.40 x 23.5) + (0.35 x 43.7) + (0.25 x 38.1) = 34.2.
According to Axis Intelligence Research, the RAMP Index reading of 34.2 as of June 30, 2026 tells a specific story that the headline revenue beat does not: two of three components improved sharply in Q2 while the third kept deteriorating. Ramp absorption gained 4.5 points and automotive margin gained 3.68 points of margin, but persistence fell from 1.59 to 1.52 years of runway. Rivian is buying operational progress with balance sheet.
What the index does not capture: it excludes committed but undrawn capital. Rivian’s $4.5 billion DOE loan, the $1 billion of non-recourse Volkswagen Group debt expected later in 2026 and the additional $250 million Uber equity tranche are all outside the persistence component, because undrawn facilities are not cash. Adjusting the Q2 2026 reading for the $1.317 billion of July follow-on proceeds alone lifts persistence to 1.90 years and the index to 35.6.
Aidan Jad: The persistence line is where EV startups actually die, and it rarely shows up in the quarter people celebrate. Rivian burned $3.489 billion of free cash flow over the trailing four quarters while carrying $5.310 billion. That is the whole reason the July equity raise happened at $15.50 a share rather than at a price management would have preferred. Ramp economics work in reverse until they work: you spend the fixed cost first, and the pack cost, the takt time and the yield all improve on a lag.
Is Rivian a Software Company Now?
In Q2 2026, software and services generated $515 million of revenue, or 31.1 percent of Rivian’s consolidated total, at a 41.7 percent gross margin. Of that, $308 million — 60 percent — came from the Volkswagen Group joint venture, per Rivian’s Q2 2026 results.
That concentration is the risk the segment carries. Rivian and Volkswagen Group Technologies is an equally owned entity consolidated into Rivian’s software segment, and the FY2025 10-K names dependence on Volkswagen Group revenue as a specific risk factor. Software revenue that arrives as engineering-services fees from one partner behaves differently from subscription revenue that arrives from a hundred thousand vehicle owners.
The consumer-side software layer is newer. Rivian released Universal Hands-Free in December 2025, expanding hands-free assisted driving from fewer than 150,000 miles of road to more than 3.5 million miles across the US and Canada, and began charging for Autonomy+ in April 2026. Point-to-point capability is expected before the end of 2026.
How Much Does a Rivian R2 Cost and What Range Does It Get?
Rivian began external R2 deliveries on June 9, 2026. Prices below are verified from Rivian’s official R2 configurator page as of August 4, 2026.
| Trim | Starting price (USD) | Range | 0-60 mph | Horsepower | Availability | Source |
|---|---|---|---|---|---|---|
| R2 Standard | $44,990 | 275 mi (est.) | 5.9 s | 350 | 2027 | rivian.com/r2 |
| R2 Premium | $53,990 | 330 mi (EPA est.) | 4.6 s | 450 | Late 2026 | rivian.com/r2 |
| R2 Performance | $57,990 | 330 mi (EPA est.) | 3.6 s | 656 | Available now | rivian.com/r2 |
The R2 is a five-seat mid-size SUV with 9.6 inches of ground clearance, 90.1 cubic feet of total storage and a NACS port giving access to more than 21,000 Tesla Superchargers in the US and Canada. Rivian quotes 10 to 80 percent DC fast charging in under 30 minutes.
Aidan Jad: The $44,990 headline and the $57,990 vehicle you can actually order are eighteen months and three trims apart. That is a normal launch sequence — build the high-content variant first, harvest the margin, then walk the price down as pack cost and line rate improve. It is also why the R2 mix drags automotive average selling price down before it lifts gross margin. Rivian said as much: it recognized roughly $100 million of incremental cost of revenues in Q2 2026 purely from running the R2 line below normalized rates.
For range context across the segment, see our Electric Vehicles Index, which measures real-world range against EPA estimates across 47 vehicles.
How Much Cash Does Rivian Have?
| Date | Cash, equivalents and short-term investments | Quarterly free cash flow | Source |
|---|---|---|---|
| Jun 30, 2025 | $7,508M | $(398)M | Rivian Q2 2026 release |
| Sep 30, 2025 | $7,088M | $(421)M | Rivian Q2 2026 release |
| Dec 31, 2025 | $6,082M | $(1,144)M | Rivian Q4 2025 release |
| Mar 31, 2026 | $4,830M | $(1,075)M | Rivian Q1 2026 release |
| Jun 30, 2026 | $5,310M | $(849)M | Rivian Q2 2026 release |
Rivian ended Q2 2026 with $5.846 billion of total liquidity including its asset-based revolving credit facility, which becomes $7.163 billion pro forma for the $1.317 billion of net proceeds from the July follow-on equity offering of 86.25 million Class A shares. The company states its current available liquidity plus targeted future capital exceeds $14 billion, counting the DOE loan and conditional investments from Uber and Volkswagen Group.
Share count moved with it. Common shares outstanding rose from 1,240 million at December 31, 2025 to 1,362 million at June 30, 2026 — before the July offering. According to Axis Intelligence Research, that is roughly 9.8 percent dilution in six months, excluding the follow-on.
Where Is Rivian Building Its Next Factory?
Rivian’s second plant is the Stanton Springs North Facility near Social Circle, Georgia. The disclosed plan changed materially in April 2026, and the two figures now in public circulation are both correct for different scopes:
- The FY2025 Form 10-K (filed February 12, 2026) describes two phases of 200,000 units each, 400,000 units total, with first-line production in 2028.
- The Q1 2026 results release (April 30, 2026) states Rivian increased initial phase capacity by 50 percent to 300,000 units annually, with production beginning in late 2028 and no stated figure for phase two.
The associated Department of Energy loan under the Advanced Technology Vehicle Manufacturing program was restructured alongside it, to up to $4.5 billion — $4,006 million of principal plus $494 million of capitalized interest — with the first advance expected in early 2027.
Aidan Jad: Watch which number gets quoted. A 300,000-unit first phase is a bigger commitment than a 200,000-unit first phase and a smaller disclosed total than 400,000, and both statements came from the same company eleven weeks apart. Anyone citing Georgia capacity without a date attached is citing a moving target.
How Many Rivian Vans Does Amazon Operate?
Amazon has more than 40,000 Rivian Electric Delivery Vans active in its North American fleet as of Q2 2026, against an initial order of 100,000 EDVs globally disclosed in the FY2025 10-K. In the same quarter, Rivian passed one billion cumulative miles driven on its Commercial Van platform.
Amazon.com NV Investment Holdings held 12.7 percent of Rivian’s voting power at December 31, 2025; Volkswagen US-Holdings held 11.5 percent. The 10-K names customer concentration with Amazon Logistics as a standalone risk factor, and the EDV agreement carries no minimum purchase requirement.
How Many Recalls Has Rivian Issued?
The largest open safety action is NHTSA campaign 26V003, filed January 5, 2026, covering 19,641 model year 2022-2025 R1S and R1T vehicles whose rear toe link may have been reassembled incorrectly during service performed before March 10, 2025. NHTSA’s acknowledgment letter states the toe link joint may separate, increasing crash risk, and that Rivian will replace the rear toe link bolts free of charge. The full recall acknowledgment is published by NHTSA.
Methodology
Collection. Every figure in this page was retrieved from a primary document during production on August 4, 2026. Volume and financial data come from Rivian Automotive’s Form 10-K for fiscal 2025 and from quarterly results releases furnished to the SEC as exhibits to Form 8-K for Q4 2024, Q4 2025, Q1 2026 and Q2 2026. Product pricing and specifications come from Rivian’s own configurator pages, read and dated on August 4, 2026. Recall data comes from the National Highway Traffic Safety Administration’s published recall acknowledgment. No figure on this page originates from an aggregator, a model estimate or a prior-year carry-forward.
Where quarters overlap. Rivian restates prior-period presentation in later releases. Where a quarter appears in more than one filing, this page uses the value as presented in the most recent release containing it, and the Source column names that release.
Formulas. Three figures on this page are calculated by Axis Intelligence Research rather than reported by Rivian:
- Automotive gross profit per vehicle delivered = automotive segment gross profit ÷ vehicles delivered, same quarter.
- Software cover ratio = software and services segment gross profit ÷ absolute value of automotive segment gross profit, same quarter.
- RAMP Index = 0.40 x Ramp Absorption score + 0.35 x Margin score + 0.25 x Persistence score, as specified in the index methodology table above.
Limitations. The RAMP Index uses a fixed 215,000-unit capacity denominator across all readings; if Rivian revises installed capacity at Normal, prior readings will be recomputed and restated with a note, never silently. Persistence counts cash and short-term investments only, excluding undrawn credit facilities and conditional future investments. Automotive segment gross profit includes regulatory credit revenue, which is volatile and, per the 10-K, subject to programs that have been modified or eliminated.
About This Dataset
The companion CSV, rivian-statistics-2026.csv, contains every number that appears in this article as a separate row, with the source organization, source document, source URL and retrieval date attached to each. Rows produced by Axis Intelligence Research calculation are flagged axis_calculated = yes and carry a method_note pointing to the formula disclosed above.
Coverage: Rivian Automotive, Inc. (NASDAQ: RIVN), fiscal Q4 2024 through Q2 2026, plus product pricing and regulatory data current to August 4, 2026. Geography: United States and Canada.
License: CC BY 4.0. You may reuse, redistribute and build on this dataset commercially with attribution.
How to Cite This Page
APA: Axis Intelligence Research. (2026). Rivian statistics 2026: Deliveries, revenue, R2 ramp and the cost of scale. https://axis-intelligence.com/rivian-statistics/
MLA: Axis Intelligence Research. “Rivian Statistics 2026: Deliveries, Revenue, R2 Ramp and the Cost of Scale.” Axis Intelligence, 4 Aug. 2026, axis-intelligence.com/rivian-statistics/.
Chicago: Axis Intelligence Research. “Rivian Statistics 2026: Deliveries, Revenue, R2 Ramp and the Cost of Scale.” Axis Intelligence, August 4, 2026. https://axis-intelligence.com/rivian-statistics/.
Frequently Asked Questions
How many vehicles did Rivian deliver in 2025?
Rivian delivered 42,247 vehicles in full-year 2025 and produced 42,284. Both figures come from the company’s January 2, 2026 production and delivery release. Deliveries fell 18.1 percent from 51,579 in 2024, according to Axis Intelligence Research.
Is Rivian profitable in 2026?
No. Rivian reported a net loss attributable to common stockholders of $833 million in Q2 2026 and $3,626 million for full-year 2025. Consolidated gross profit turned positive at $179 million in Q2 2026, but the automotive segment still posted a $36 million gross loss.
What is Rivian’s gross margin?
Consolidated gross margin was 11 percent in Q2 2026. That splits into a negative 3.15 percent automotive segment margin and a 41.7 percent software and services margin.
How much does the Rivian R2 cost?
The R2 Performance starts at $57,990 and is available now. The R2 Premium starts at $53,990 for late 2026, and the R2 Standard starts at $44,990 for 2027. Prices verified on rivian.com on August 4, 2026 and exclude destination, taxes and fees.
What range does the Rivian R2 have?
Rivian lists an EPA-estimated 330 miles for both R2 Premium and R2 Performance, and a preliminary estimate of 275 miles for the R2 Standard single-motor RWD trim.
How many EDVs does Amazon have from Rivian?
More than 40,000 Rivian Electric Delivery Vans were active in Amazon’s North American fleet as of Q2 2026, against an initial order of 100,000 vans globally.
What is Rivian’s production capacity?
The Normal, Illinois plant has installed annual capacity of 215,000 vehicles at full rate across multiple shifts — up to 155,000 R2, 85,000 R1 and 65,000 commercial vans. The Georgia plant is planned at 300,000 units for its initial phase, with production beginning in late 2028.
Can Rivian hit its 2026 delivery guidance?
Rivian raised full-year 2026 guidance to 65,000 to 70,000 vehicles on July 2, 2026. With 22,559 delivered in the first half, the company needs 42,441 to 47,441 in the second half — between 1.88 and 2.10 times its first-half pace, according to Axis Intelligence Research.
How much cash does Rivian have left?
Rivian held $5.310 billion in cash, cash equivalents and short-term investments at June 30, 2026, or $7.163 billion of total liquidity pro forma for the July follow-on offering. Trailing-four-quarter free cash burn was $3.489 billion.
What is the RAMP Index?
The RAMP Index (Ramp Absorption, Margin, Persistence) is an Axis Intelligence Research metric scoring an EV manufacturer’s progress toward self-sustaining scale on a 0-to-100 basis. Rivian’s reading was 34.2 as of June 30, 2026, up from 30.3 at March 31, 2026.
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