Rivian Automotive (RIVN) Operating Expenses (2020 - 2026)
Rivian Automotive's (RIVN) quarterly Operating Expenses came in at $1.0 billion in Q2 2026, up 11.78% year-over-year from $908.0 million in Q2 2025, and up 1.5% quarter-over-quarter from $1.0 billion in Q1 2026.
Rivian Automotive (RIVN) Operating Expenses (2020 - 2026) Analysis & Trends
Rivian Automotive has disclosed Operating Expenses across 7 years of filings, most recently posting $1.0 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 11.78% year-over-year to $1.0 billion; the TTM figure through Jun 2026 stood at $4.0 billion (up 17.71% YoY), while the FY2025 annual figure was $3.7 billion, up 6.88% from the prior year.
- Operating Expenses came in at $1.0 billion for Q2 2026 at Rivian Automotive, up from $1.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.1 billion in Q1 2022 to a low of $777.0 million in Q3 2024.
- Average Operating Expenses over 5 years is $926.4 million, with a median of $938.5 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 162.68% in 2022 against a maximum downside of 61.61% in 2022.
- Over 5 years, Operating Expenses stood at $795.0 million in 2022, then climbed by 22.64% to $975.0 million in 2023, then dropped by 14.77% to $831.0 million in 2024, then increased by 14.68% to $953.0 million in 2025, then advanced by 6.51% to $1.0 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.0 billion in Q2 2026, $1.0 billion in Q1 2026, and $953.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,226.50 Bn | 1,183.58 Bn | 4.75 Bn | 4.35 Bn |
| 2 | Toyota Motor | 250.64 Bn | 172.66 Bn | 12.27 Bn | 78.18 Bn |
| 3 | Ferrari | 153.43 Bn | 151.68 Bn | 1.18 Bn | 471.42 Mn |
| 4 | Honda Motor | 147.05 Bn | 108.59 Bn | 8.46 Bn | -34.70 Bn |
| 5 | General Motors | 73.24 Bn | 50.16 Bn | 7.33 Bn | 46.57 Bn |
| 6 | Ford Motor | 51.31 Bn | 20.01 Bn | 6.08 Bn | 47.66 Bn |
| 7 | Rivian Automotive | 20.62 Bn | 15.33 Bn | 179.00 Mn | 1.02 Bn |
| 8 | Magna International | 17.88 Bn | 16.79 Bn | 1.61 Bn | 273.20 Mn |
| 9 | Stellantis | 14.02 Bn | -29.10 Bn | 5.55 Bn | 4.85 Bn |
| 10 | Li Auto | 11.82 Bn | -670.23 Mn | 417.98 Mn | -757.09 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.02 Bn |
| Mar 31, 2026 | 1.00 Bn |
| Dec 31, 2025 | 953.00 Mn |
| Sep 30, 2025 | 1.01 Bn |
| Jun 30, 2025 | 908.00 Mn |
| Mar 31, 2025 | 861.00 Mn |
| Dec 31, 2024 | 831.00 Mn |
| Sep 30, 2024 | 777.00 Mn |
| Jun 30, 2024 | 924.00 Mn |
| Mar 31, 2024 | 957.00 Mn |
| Dec 31, 2023 | 975.00 Mn |
| Sep 30, 2023 | 963.00 Mn |
| Jun 30, 2023 | 873.00 Mn |
| Mar 31, 2023 | 898.00 Mn |
| Dec 31, 2022 | 795.00 Mn |
| Sep 30, 2022 | 857.00 Mn |
| Jun 30, 2022 | 1.00 Bn |
| Mar 31, 2022 | 1.08 Bn |
| Dec 31, 2021 | 2.07 Bn |
| Sep 30, 2021 | 694.00 Mn |
Rivian Automotive Operating Expenses 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=operating-expenses&ticker=RIVN&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=RIVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();