Automobiles
In Q2 FY2026, Rivian achieved a positive gross profit of $179M and 27.2% revenue growth to $1.658B, driven by the commencement of R2 deliveries, expansion of its software joint venture, and $106M in regulatory credit sales, while continuing to incur net losses of $833M.
Key risk: History of Losses and Ongoing Unprofitability
Rivian has incurred net losses since inception, including $833M in Q2 FY2026 and $1.253B for the first six months of FY2026. The company expects to continue incurring net losses for the foreseeable future as it scales operations and builds capacity.