The automaker produced 19,751 vehicles and delivered 19,248 units in the third quarter of 2026, boosting quarterly revenue to $2.155 billion. Software and subscription services contributed $605 million to that total, bolstered by sales of features like the Autonomy Plus package. The company also benefited from external financial cushions, including pollution credit sales and a government tariff refund, which helped narrow automotive gross losses to $80 million.
Key points
Expanding production and deliveries helped the company achieve an overall gross profit of…: Expanding production and deliveries helped the company achieve an overall gross profit of $176 million.
Licensing technology to Volkswagen and selling feature subscriptions remain crucial to of…: Licensing technology to Volkswagen and selling feature subscriptions remain crucial to offsetting manufacturing costs.
Core automotive operations improved year over year by reducing quarterly gross losses fro…: Core automotive operations improved year over year by reducing quarterly gross losses from $130 million to $80 million.
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Rivian reported its third quarter earnings of 2026, providing us a closer look at the company’s financial health as it ramps up production of its all-important R2 electric vehicle — which is now, for the first time, outselling all of Rivian’s other EVs.
Rivian’s R2 is officially its best-selling vehicle
The mass-market R2 has quickly become the company’s top seller by volume, but high-margin software deals and the Volkswagen partnership are the real forces keeping the automaker in good financial health.
The mass-market R2 has quickly become the company’s top seller by volume, but high-margin software deals and the Volkswagen partnership are the real forces keeping the automaker in good financial health.
Rivian said it brought in $2.155 billion in revenue, a 38 percent increase compared to the $1.558 billion in Q3 2025. Of that amount, $1.55 billion came from automotive revenue, which is up 36 percent year over year. Comparatively, the company reported $605 million from software and subscription services, a 45 percent increase year over year. As EV sales slow down, the company is seeking to make more…
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