Rivian Automotive (RIVN) Operating Expenses (2020 - 2026)
Rivian Automotive's Operating Expenses came in at $1.02 billion for Q2 2026, up 11.8% from $908 million a year earlier and up 1.5% from the prior quarter.
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Analysis
Rivian Automotive (RIVN) Operating Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Rivian Automotive reported Operating Expenses of $3.98 billion, up 17.7% year-over-year; for FY2025, it was $3.73 billion, up 6.9% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 29.6% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $3.49 billion in FY2024 (-5.9%), $3.71 billion in FY2023 (-0.6%), $3.73 billion in FY2022 (-0.6%) and $3.76 billion in FY2021 (+267.8%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q1 2022.
- Year-over-year, Operating Expenses has increased for four consecutive quarters, with growth averaging 3.3% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 486.7%), and the weakest in Q4 2022 (a decline of 61.6%).
- Business Quant data shows RIVN's Operating Expenses at $1 billion (Q1 2026), $953 million (Q4 2025) and $1.01 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,216.24 Bn | 1,042.27 Bn | 4.75 Bn | 4.35 Bn |
| 2 | General Motors | 75.35 Bn | -31.16 Bn | 7.33 Bn | 46.57 Bn |
| 3 | Ferrari | 69.70 Bn | 62.19 Bn | 1.18 Bn | 471.42 Mn |
| 4 | Ford Motor | 48.22 Bn | -94.27 Bn | 6.08 Bn | 47.66 Bn |
| 5 | Honda Motor | 44.40 Bn | -105.41 Bn | 8.46 Bn | -34.70 Bn |
| 6 | Toyota Motor | 24.11 Bn | -382.39 Bn | 20.95 Bn | 78.18 Bn |
| 7 | Magna International | 18.41 Bn | 12.44 Bn | 1.61 Bn | 273.20 Mn |
| 8 | Rivian Automotive | 17.72 Bn | -5.59 Bn | 179.00 Mn | 1.02 Bn |
| 9 | Stellantis | 12.89 Bn | -151.76 Bn | 5.55 Bn | 4.85 Bn |
| 10 | Li Auto | 11.86 Bn | -37.05 Bn | 417.98 Mn | -757.09 Mn |
Historic Data
Download Data
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 |
API Access
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_KEYimport 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();