Rivian Automotive, Inc. stock research
FY2026 Q1
Rivian Automotive (RIVN) Gross Margin & Quarterly History
Explore Rivian Automotive, Inc. (RIVN) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue increased while cost of revenue also rose, resulting in a higher gross profit but a lower gross margin compared to the prior quarter. Compared to the same quarter last year, revenue was higher, but gross profit and gross margin were both lower.
- The gross margin weakened from the prior quarter and declined more sharply from the same quarter last year, driven by a proportionally larger increase in cost of revenue relative to revenue.
- Compared to the immediately preceding quarter, revenue was higher and gross profit was stable, but gross margin was lower. Compared to the same quarter one year earlier, revenue was higher, while gross profit and gross margin were both lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
8.6%
Gross profit
$119.0M
Revenue
$1.4B
Cost of revenue
$1.3B
Quarter-over-quarter change
-0.7 pts
Year-over-year change
-8.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $661.0M | -$535.0M | $1.2B | -80.9% |
| Jun 30, 2023 | $1.1B | -$412.0M | $1.5B | -36.8% |
| Sep 30, 2023 | $1.3B | -$477.0M | $1.8B | -35.7% |
| Dec 31, 2023 | $1.3B | -$606.0M | $1.9B | -46.1% |
| Mar 31, 2024 | $1.2B | -$527.0M | $1.7B | -43.8% |
| Jun 30, 2024 | $1.2B | -$451.0M | $1.6B | -38.9% |
| Sep 30, 2024 | $874.0M | -$392.0M | $1.3B | -44.9% |
| Dec 31, 2024 | $1.7B | $170.0M | $1.6B | 9.8% |
| Mar 31, 2025 | $1.2B | $206.0M | $1.0B | 16.6% |
| Jun 30, 2025 | $1.3B | -$206.0M | $1.5B | -15.8% |
| Sep 30, 2025 | $1.6B | $24.0M | $1.5B | 1.5% |
| Dec 31, 2025 | $1.3B | $120.0M | $1.2B | 9.3% |
| Mar 31, 2026 | $1.4B | $119.0M | $1.3B | 8.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.7 pts
Year-over-year change
Mar 31, 2025
-8.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin weakened from the prior quarter and declined more sharply from the same quarter last year, driven by a proportionally larger increase in cost of revenue relative to revenue.
Compared to the immediately preceding quarter, revenue was higher and gross profit was stable, but gross margin was lower. Compared to the same quarter one year earlier, revenue was higher, while gross profit and gross margin were both lower.
Monitor the trend in cost of revenue relative to revenue, as its increase outpaced revenue growth in the current quarter.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Rivian Automotive, Inc. (RIVN) | 8.6% |
| Tesla, Inc. (TSLA) | 21.1% |
| Ford Motor Company (F) | 18.4% |