Rivian Automotive (RIVN) Operating Expenses (2020 - 2026)
Rivian Automotive (RIVN) posted Operating Expenses of $1.0 billion for Q1 2026, up 4.93% sequentially from $953.0 million in Q4 2025, and up 16.14% YoY from $861.0 million in Q1 2025.
Rivian Automotive (RIVN) Operating Expenses (2020 - 2026) Analysis & Trends
Rivian Automotive (RIVN) has 7 years of Operating Expenses data on file, last reported at $1.0 billion in Q1 2026.
- Quarterly Operating Expenses rose 16.14% year-over-year to $1.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.9 billion (up 14.0% YoY) and the FY2025 annual result came in at $3.7 billion, up 6.88% from the prior year.
- Operating Expenses advanced to $1.0 billion in Q1 2026 per RIVN's latest filing, from $953.0 million in the prior quarter.
- The five-year high for Operating Expenses was $1.1 billion in Q1 2022, with the low at $777.0 million in Q3 2024.
- Average Operating Expenses over 5 years is $921.2 million, with a median of $924.0 million recorded in 2024.
- The widest YoY moves for Operating Expenses: up 162.68% in 2022, down 61.61% in 2022.
- Rivian Automotive's Operating Expenses stood at $795.0 million in 2022, then rose by 22.64% to $975.0 million in 2023, then retreated by 14.77% to $831.0 million in 2024, then advanced by 14.68% to $953.0 million in 2025, then gained by 4.93% to $1.0 billion in 2026.
- Business Quant data shows RIVN's Operating Expenses at $1.0 billion in Q1 2026, $953.0 million in Q4 2025, and $1.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 3.78 Bn |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 40.92 Bn |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 40.70 Bn |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | -660.64 Mn |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 1.00 Bn |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | -696.85 Mn |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | -749.20 Mn |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -3,574.44 Bn |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | 1.27 Bn |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | -282.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 580.00 Mn |