RIVN financial statements

The full income statement, balance sheet, and cash-flow statement for Rivian Automotive Inc. (RIVN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 1.01B2024-09 1.02B2024-12 1.13B2025-03 1.15B2025-06 1.21B2025-09 1.23B2025-12 1.24B2026-03 1.26B2026-06 1.36B+35.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	5.39B YoY+8.4%	4.97B YoY+12.1%	4.43B YoY+167.4%	1.66B YoY+2914.5%	55.0M
	144M YoY+112.0%	-1.20B YoY+40.9%	-2.03B YoY+35.0%	-3.12B YoY-571.6%	-465M
Cost of revenue	5.24B YoY-15.0%	6.17B YoY-4.5%	6.46B YoY+35.2%	4.78B YoY+819.4%	520M
	3.73B YoY+6.9%	3.49B YoY-5.9%	3.71B YoY-0.6%	3.73B YoY-0.6%	3.75B YoY+267.8%
Research & development	1.67B YoY+3.4%	1.61B YoY-19.1%	2.00B YoY+2.6%	1.94B YoY+5.1%	1.85B YoY+141.5%
Selling, general & administrative	2.06B YoY+9.9%	1.88B YoY+9.5%	1.71B YoY-4.2%	1.79B YoY+44.0%	1.24B YoY+387.1%
Operating income	-3.58B YoY+23.5%	-4.69B YoY+18.3%	-5.74B YoY+16.3%	-6.86B YoY-62.5%	-4.22B YoY-313.3%
Interest expense	274M YoY-13.8%	318M YoY+44.5%	220M YoY+113.6%	103M YoY+255.2%	29.0M YoY+262.5%
Interest & investment income	293M YoY-23.9%	385M YoY-26.2%	522M YoY+170.5%	193M YoY+6333.3%	3.00M YoY-70.0%
Other non-operating income	-54.0M YoY-671.4%	-7.00M YoY-216.7%	6.00M YoY-66.7%	18.0M YoY+1900.0%	-1.00M YoY-200.0%
Pre-tax income	-3.62B YoY+23.6%	-4.74B YoY+12.7%	-5.43B YoY+19.5%	-6.75B YoY-43.9%	-4.69B YoY-360.5%
Income tax	6.00M YoY+20.0%	5.00M YoY+400.0%	1.00M YoY-75.0%	4.00M	0.00
	-3.65B YoY+23.2%	-4.75B YoY+12.6%	-5.43B YoY+19.5%	-6.75B YoY-44.0%	-4.69B YoY-360.5%
Net income to non-controlling interest	20.0M YoY+1900.0%	1.00M	0.00	0.00	—
Net income to common	-3.65B YoY+23.2%	-4.75B YoY+12.6%	-5.43B YoY+19.5%	-6.75B YoY-44.0%	-4.69B YoY-360.1%
	-$3.07 YoY+34.5%	-$4.69 YoY+18.3%	-$5.74 YoY+22.4%	-$7.40 YoY+67.8%	-$22.98 YoY-127.8%
EPS (basic)	-$3.07 YoY+34.5%	-$4.69 YoY+18.3%	-$5.74 YoY+22.4%	-$7.40 YoY+67.8%	-$22.98 YoY-127.8%
	1.19B YoY+17.1%	1.01B YoY+7.0%	947M YoY+3.7%	913M YoY+347.5%	204M YoY+102.0%
	1.19B YoY+17.1%	1.01B YoY+7.0%	947M YoY+3.7%	913M YoY+347.5%	204M YoY+102.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	8.59B YoY-18.8%	10.6B YoY-14.1%	12.3B YoY-6.2%	13.1B YoY-29.3%	18.6B YoY+515.4%
Cash & equivalents	3.58B YoY-32.4%	5.29B YoY-32.6%	7.86B YoY-32.1%	11.6B YoY-36.2%	18.1B YoY+508.7%
Short-term investments	2.50B YoY+4.0%	2.41B YoY+59.2%	1.51B	0.00	—
Cash & short-term investments	—	—	—	11.6B	—
Accounts receivable	555M YoY+25.3%	443M YoY+175.2%	161M YoY+57.8%	102M YoY+292.3%	26.0M YoY+333.3%
Inventory	1.59B YoY-29.1%	2.25B YoY-14.2%	2.62B YoY+94.4%	1.35B YoY+392.0%	274M
Other current assets	361M YoY+88.0%	192M YoY+17.1%	164M YoY+46.4%	112M YoY-11.1%	126M YoY+306.5%
	14.9B YoY-3.5%	15.4B YoY-8.2%	16.8B YoY-6.1%	17.9B YoY-19.8%	22.3B YoY+384.4%
Property, plant & equipment	—	—	—	3.76B YoY+18.1%	3.18B YoY+120.3%
Operating lease right-of-use	571M YoY+37.3%	416M YoY+16.9%	356M YoY+7.9%	330M YoY+44.7%	228M YoY+185.0%
Other non-current assets	463M YoY+3.8%	446M YoY+89.8%	235M YoY-64.3%	658M YoY+103.1%	324M YoY+431.1%
	3.69B YoY+64.1%	2.25B YoY-9.5%	2.49B YoY+2.6%	2.42B YoY+84.6%	1.31B YoY+114.9%
Accounts payable	595M YoY+19.2%	499M YoY-49.1%	981M YoY-1.9%	1.00B YoY+107.0%	483M YoY+436.7%
Accrued liabilities	1.44B YoY+72.2%	835M YoY-27.1%	1.15B YoY-0.8%	1.15B YoY+73.0%	667M YoY+50.6%
Deferred revenue	1.28B YoY+131.3%	552M YoY+527.3%	88.0M YoY+137.8%	37.0M YoY-50.0%	74.0M YoY+164.3%
Short-term & current debt	—	—	0.00	0.00	0.00 YoY-100.0%
Current lease liability	110M YoY+12.2%	98.0M YoY+15.3%	85.0M YoY+25.0%	68.0M YoY+47.8%	46.0M YoY+155.6%
Other current liabilities	96.0M YoY-20.7%	121M	—	—	—
Finance lease liability (current)	3.00M YoY+50.0%	2.00M YoY-33.3%	3.00M	—	—
	10.3B YoY+16.1%	8.85B YoY+15.9%	7.64B YoY+87.3%	4.08B YoY+46.7%	2.78B YoY+274.7%
Long-term debt	4.44B YoY-0.0%	4.44B YoY+0.2%	4.43B YoY+260.0%	1.23B YoY+0.4%	1.23B YoY+2508.5%
Deferred revenue (non-current)	1.07B YoY-17.2%	1.29B YoY+868.4%	133M YoY+315.6%	32.0M	—
Non-current lease liability	551M YoY+45.4%	379M YoY+17.0%	324M YoY+4.2%	311M YoY+42.7%	218M YoY+162.7%
Operating lease liability (total)	661M YoY+38.6%	477M YoY+16.6%	409M YoY+7.9%	379M YoY+43.6%	264M YoY+161.4%
Finance lease liability (total)	94.0M YoY+8.0%	87.0M YoY+10.1%	79.0M	—	—
Finance lease liability	91.0M YoY+7.1%	85.0M YoY+11.8%	76.0M	—	—
Other non-current liabilities	1.59B YoY-10.7%	1.78B YoY+349.9%	395M YoY+255.9%	111M YoY+382.6%	23.0M YoY+2200.0%
	4.59B YoY-30.0%	6.56B YoY-28.2%	9.14B YoY-33.8%	13.8B YoY-29.3%	19.5B YoY+1510.0%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M
Additional paid-in capital	31.5B YoY+5.5%	29.9B YoY+7.8%	27.7B YoY+2.9%	26.9B YoY+4.0%	25.9B YoY+8471.9%
Retained earnings	-27.0B YoY-15.6%	-23.3B YoY-25.6%	-18.6B YoY-41.4%	-13.1B YoY-105.9%	-6.37B YoY-278.1%
Accumulated other comprehensive income	8.00M YoY+300.0%	-4.00M YoY-233.3%	3.00M YoY+250.0%	-2.00M	0.00
Non-controlling interest	28.0M YoY+600.0%	4.00M	0.00	—	—
Total equity incl. non-controlling	4.59B YoY-30.0%	6.56B YoY-28.2%	9.14B YoY-33.8%	13.8B YoY-29.3%	19.5B
Total liabilities & equity	14.9B YoY-3.5%	15.4B YoY-8.2%	16.8B YoY-6.1%	17.9B YoY-19.8%	22.3B YoY+384.4%
	1.24B YoY+9.6%	1.13B YoY+16.8%	968M YoY+4.5%	926M YoY+2.9%	900M YoY+791.1%
	1.24B YoY+9.6%	1.13B YoY+16.8%	968M YoY+4.5%	926M YoY+2.9%	900M YoY+791.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	-779M YoY+54.6%	-1.72B YoY+64.7%	-4.87B YoY+3.7%	-5.05B YoY-92.7%	-2.62B YoY-209.2%
Depreciation & amortization	784M YoY-24.0%	1.03B YoY+10.0%	937M YoY+43.7%	652M YoY+231.0%	197M YoY+579.3%
Share-based compensation	741M YoY+7.1%	692M YoY-15.7%	821M YoY-16.8%	987M YoY+73.2%	570M
Change in receivables	112M YoY-60.3%	282M YoY+378.0%	59.0M YoY-22.4%	76.0M YoY+280.0%	20.0M YoY+281.8%
Change in inventory	-522M YoY-70.0%	-307M YoY-119.1%	1.60B YoY-3.2%	1.66B YoY+349.1%	369M
Other operating activities	—	—	115M YoY+40.2%	82.0M YoY+127.8%	36.0M YoY-12.2%
	-1.83B YoY+7.7%	-1.98B YoY+21.1%	-2.51B YoY-83.4%	-1.37B YoY+23.7%	-1.79B YoY-96.3%
Capital expenditure	1.71B YoY+49.9%	1.14B YoY+11.2%	1.03B YoY-25.1%	1.37B YoY-23.7%	1.79B YoY+96.3%
Free cash flow	-2.49B YoY+12.9%	-2.86B YoY+51.5%	-5.89B YoY+8.2%	-6.42B YoY-45.4%	-4.42B YoY-150.6%
Acquisitions	0.00	0.00	0.00	0.00	0.00
	886M YoY-22.0%	1.14B YoY-63.7%	3.13B YoY+3061.6%	99.0M YoY-99.5%	19.8B YoY+693.1%
Long-term debt issued	1.25B	0.00	0.00	0.00 YoY-100.0%	1.23B
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	750M	0.00	0.00 YoY-100.0%	102M YoY-96.2%	2.66B YoY+6.1%
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	-37.0M YoY-640.0%	-5.00M YoY+70.6%	-17.0M YoY-466.7%	-3.00M YoY+96.5%	-86.0M
FX effect on cash	6.00M YoY+300.0%	-3.00M YoY-160.0%	5.00M YoY+350.0%	-2.00M	0.00
Net change in cash	-1.72B YoY+33.1%	-2.56B YoY+39.6%	-4.24B YoY+32.9%	-6.32B YoY-141.0%	15.4B YoY+1988.3%
Interest paid	222M YoY-20.4%	279M YoY+65.1%	169M YoY+92.0%	88.0M YoY+4300.0%	2.00M YoY-50.0%
Income taxes paid	8.00M	0.00 YoY-100.0%	3.00M	—	—
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	24.4B YoY+62.5%	15.0B YoY-32.9%	22.4B YoY+32.1%	17.0B YoY-81.8%	93.3B
P/S	4.5× YoY+49.9%	3.0× YoY-49.0%	5.9× YoY-63.4%	16.2× YoY-99.0%	1696.7×
P/B	5.3× YoY+132.1%	2.3× YoY+7.9%	2.1× YoY+92.0%	1.1× YoY-76.9%	4.8×
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: RIVN's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RIVN filings on SEC EDGAR → Not investment advice.