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.
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Analysis
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 Set
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
Download Data
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 |
API Access
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_KEYimport 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();