Rivian Automotive (RIVN) Cost of Revenue (2021 - 2026)
Rivian Automotive (RIVN) reported Cost of Revenue of $1.98 billion for Q3 2026, up 29.0% from $1.53 billion a year earlier and up 33.8% from the prior quarter.
Rivian Automotive (RIVN) Cost of Revenue (2021 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Rivian Automotive's Cost of Revenue came in at $5.89 billion, up 4.3% year-over-year; for FY2025, it came in at $5.24 billion, down 15.0% from FY2024.
- Cost of Revenue has a four-year compound annual growth rate of 78.2% (FY2021 to FY2025).
- By year, Cost of Revenue came in at $6.17 billion in FY2024 (-4.5%), $6.46 billion in FY2023 (+35.2%), $4.78 billion in FY2022 (+819.4%) and $520 million in FY2021.
- The Q3 2026 figure ranks as the highest quarterly Cost of Revenue in data going back to Q3 2021.
- Year over year, Cost of Revenue gained in three of the last eight quarters, with an average decline of 2.5%.
- The high point for year-over-year Cost of Revenue in five years was Q4 2022 (growth of 280.5%); the low point was Q1 2025 (a decline of 40.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.48 billion (Q2 2026), $1.26 billion (Q1 2026) and $1.17 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,160.73 Bn | 982.96 Bn | 5.49 Bn | 22.55 Bn |
| 2 | General Motors | 75.19 Bn | -29.42 Bn | 9.28 Bn | 40.74 Bn |
| 3 | Ferrari | 74.17 Bn | 66.47 Bn | 1.14 Bn | 1.04 Bn |
| 4 | Ford Motor | 49.64 Bn | -84.78 Bn | 7.38 Bn | 42.15 Bn |
| 5 | Honda Motor | 47.63 Bn | -102.18 Bn | 8.46 Bn | 29.57 Bn |
| 6 | Toyota Motor | 28.28 Bn | -349.28 Bn | 19.83 Bn | 64.56 Bn |
| 7 | Rivian Automotive | 19.71 Bn | -2.02 Bn | 176.00 Mn | 1.98 Bn |
| 8 | Magna International | 17.43 Bn | 11.40 Bn | 1.63 Bn | 8.43 Bn |
| 9 | Stellantis | 12.80 Bn | -148.64 Bn | 3.94 Bn | 39.33 Bn |
| 10 | Li Auto | 12.62 Bn | -36.34 Bn | 417.98 Mn | 3.36 Bn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.98 Bn |
| Jun 30, 2026 | 1.48 Bn |
| Mar 31, 2026 | 1.26 Bn |
| Dec 31, 2025 | 1.17 Bn |
| Sep 30, 2025 | 1.53 Bn |
| Jun 30, 2025 | 1.51 Bn |
| Mar 31, 2025 | 1.03 Bn |
| Dec 31, 2024 | 1.56 Bn |
| Sep 30, 2024 | 1.27 Bn |
| Jun 30, 2024 | 1.61 Bn |
| Mar 31, 2024 | 1.73 Bn |
| Dec 31, 2023 | 1.92 Bn |
| Sep 30, 2023 | 1.81 Bn |
| Jun 30, 2023 | 1.53 Bn |
| Mar 31, 2023 | 1.20 Bn |
| Dec 31, 2022 | 1.66 Bn |
| Sep 30, 2022 | 1.45 Bn |
| Jun 30, 2022 | 1.07 Bn |
| Mar 31, 2022 | 597.00 Mn |
| Dec 31, 2021 | 437.00 Mn |
Rivian Automotive Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=RIVN&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "RIVN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=RIVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();