"Rivian sold 10,365 vehicles in Q1, representing a 20 percent increase year over year. The company produced 10,236 vehicles, a 30 percent increase compared to last year."
"Rivian generated $1.38 billion in revenue, an 11.3 percent increase compared to the $1.24 billion in Q1 2025, with $908 million from automotive revenue."
"The company reported $473 million from software and subscription services, a 48.7 percent increase year over year, as it seeks to boost revenue amid slowing EV sales."
"Despite a 42 percent decrease in gross profits year over year, Rivian maintains its prediction of achieving positive gross profits by the end of the year."
Rivian reported a 20 percent increase in vehicle sales and a 30 percent increase in production in Q1 2026. The company generated $1.38 billion in revenue, an 11.3 percent increase from Q1 2025. Automotive revenue decreased by 1.5 percent, while software and subscription services revenue surged by 48.7 percent. Rivian's gross profits fell by 42 percent year over year, but the company remains optimistic about achieving positive gross profits by the end of the year.
Read at The Verge
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