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 compared to the prior quarter and the same quarter one year earlier, while gross profit declined relative to both periods. Cost of revenue rose more than revenue, resulting in a gross margin improvement from the prior quarter but a weakening compared to the year-ago quarter.
- The gross profit amount remained nearly stable from the prior quarter, while revenue increased, indicating that the cost of revenue increased at a slower rate than revenue.
- Compared to the prior quarter, gross margin strengthened slightly despite a modest decrease in gross profit, as revenue grew. Compared to the same quarter last year, gross margin weakened considerably, as gross profit fell while revenue grew.
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 |
|---|---|---|---|---|
| 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 profit amount remained nearly stable from the prior quarter, while revenue increased, indicating that the cost of revenue increased at a slower rate than revenue.
Compared to the prior quarter, gross margin strengthened slightly despite a modest decrease in gross profit, as revenue grew. Compared to the same quarter last year, gross margin weakened considerably, as gross profit fell while revenue grew.
Monitor the trend in cost of revenue relative to revenue to assess whether gross margin stabilization can be sustained.
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% |