Automobiles
Price
$15.84
-3.77%Market Cap
$22.93B
Day High
$16.61
Day Low
$15.68
Rivian reported Q1 FY2026 revenue of $1.38B (+11.4% YoY) but gross margin collapsed to 8.6% from 16.6%, driving operating losses to -$881M as cost of revenue surged 22.1% and cash fell 39.4% to $2.85B.
Key risk: Accelerating Cash Burn and Liquidity Risk
Operating cash outflow reached -$703M in Q1 FY2026, nearly four times worse than the -$188M in Q1 FY2025. Cash and equivalents dropped to $2.85B from $4.69B a year ago, a 39.4% decline. If this burn rate persists, Rivian may need to raise additional capital through debt or equity, potentially diluting existing shareholders.