Rivian Automotive, Inc. · NASDAQ:RIVN
Rivian Automotive — Q3 2026 Earnings Presentation
29 slides from Rivian Automotive's earnings presentation, Oct 29, 2026
Slide 1: Q3 2026 Earnings Presentation
October 29, 2026 Q3 2026 Earnings Presentation
Slide 2: Public Disclosure Statement: Forward Looking Statements
2Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Public Disclosure Statement Forward Looking Statements This earnings presentation and statements that are made on our earnings call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act
Slide 3: Table of Contents
Highlights, Financial Results, and Guidance 4 Q3 2026 Business Summary 5 Progress on Rivian's Strategic Priorities 6 Positive Customer Feedback as R2 Production Ramp Accelerates 7 Rivian’s Autonomy Data Flywheel is Designed for the Road Ahead 8 Software and AI: Vertical Integration in Action 9 Scali
Slide 4: Shareholder letter: laying foundations for an electric, autonomous, AI-defined future
At Rivian, we are laying the foundations for a future that we believe will be fully electric, autonomous and AI defined. Rivian had a great third quarter. We achieved record production volumes at our plant in Normal, Illinois as we continued to ramp R2 manufacturing. We had record deliveries, with R
Slide 5: Q3 2026 Business Summary
Drive Towards Profitability • Record deliveries of 19,248 vehicles in Q3, a 46% year-over-year increase with R2 already the best-selling Rivian vehicle, outselling both R1 and EDV in the third quarter • Software and services segment reported another strong quarter generating $605 million in revenue
Slide 6: Positive Customer Feedback as R2 Production Ramp Accelerates
Positive Customer Feedback as R2 Production Ramp Accelerates Second shift started in Normal, Illinois as R2 production scales Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. 6 In a U.S. automotive marketplace starved for high-quality EV choice, R2 is an attractively priced option f
Slide 7: Rivian's Autonomy Data Flywheel is Designed for the Road Ahead
Rivian’s Autonomy Data Flywheel is Designed for the Road Ahead Expected to enable a path to advanced autonomy, which we believe is becoming a driver of market share Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. 7 Autonomy remains one of the most important areas of investment at R
Slide 8: Software and AI: Vertical Integration in Action
Software and AI: Vertical Integration in Action Rivian developed a smarter and more customizable AI-defined vehicle experience for all R1 and R2 owners Our relentless focus on vertical integration remains a core competitive differentiator, allowing Rivian to seamlessly unify our hardware and softwar
Slide 9: Scaling U.S. Manufacturing across Two Plants
Scaling U.S. Manufacturing across Two Plants Supports capacity growth up to 515,000 vehicles per year with significant room for future expansion in later phases1 Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. 9 1 Site capacity does not equal current production rates. There may be
Slide 10: Strategic Investments & Partnerships
Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. 10 Strategic Investments & Partnerships Highlights extensibility of our technology and vehicle programs to drive value Momentum in our Commercial Business with Amazon Amazon continues to expand their fleet of Rivian Electric Delivery
Slide 11: Business Outlook
We remain focused on our key strategic priorities: • Drive towards profitability • Optimize operational efficiency • Technology focus • Demand generation and enhancing the customer experience Updated 2026 guidance commentary: • Full year delivery guidance is improving from 65,000 - 70,000 units to 6
Slide 12: Summary Financial Performance and Operating Metrics
Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 YoY Production and Deliveries Consolidated Financials ($M) Building for an adventurous future that is fully electric, autonomous and AI-defined Rivian Adventure Network 12Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Delivery Volumes 13,201
Slide 13: Automotive Segment Performance
13 Deliveries Automotive Revenues Excluding Regulatory Credits Regulatory Credits Q3 2026 vs. Q3 2025 Commentary • Automotive revenues increased 36% year- over-year primarily due to a 46% increase in vehicle deliveries and an $80 million increase in revenues related to regulatory credits, which were
Slide 14: Software and Services Segment Performance
14 ($M) Q3 2026 vs. Q3 2025 Commentary • Software and services revenues increased 45% year-over-year primarily due to increases in vehicle electrical architecture and software development services from the joint venture with Volkswagen Group, vehicle repair and maintenance services, and our Autonomy
Slide 15: Balance Sheet and Liquidity
15 Liquidity profile remains strong, with $7.1B of pro-forma available liquidity and $7.35B of liquidity and targeted capital in 2026 Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. 1 Based on balances as of September 30, 2026 2 On October 7, 2026, Rivian announced the funding of t
Slide 16: U.S. Department of Energy Loan
U.S. Department of Energy Loan1 BORROWER Rivian New Horizon, LLC The loan is guaranteed by Rivian Automotive, Inc. (Sponsor) and its material domestic subsidiaries (the Guarantors)2 Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. 16 LOAN SIZE Up to $4.5B and 80% LTV Includes $0.5B
Slide 17: Financial Statements and Non-GAAP Reconciliations
17 Financial Statements and Non-GAAP Reconciliations Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved.
Slide 18: Quarterly Financial Performance
18 Quarterly Financial Performance (in millions, except production, delivery, and gross margin) (unaudited) Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Three Months Ended September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 Production 10,720 10,9
Slide 19: Condensed Consolidated Balance Sheets
19 Condensed Consolidated Balance Sheets (in millions, except per share amounts) (unaudited) Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Assets December 31, 2025 September 30, 2026 Current assets: Cash and cash equivalents $ 3,579 $ 3,509 Short-term investments 2,503 1,993 Acco
Slide 20: Condensed Consolidated Statements of Operations
20 Condensed Consolidated Statements of Operations (in millions, except per share amounts) (unaudited) Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Three Months Ended September 30, Nine Months Ended September 30, 2025 2026 2025 2026 Automotive $ 1,142 $ 1,550 $ 2,991 $ 3,601 Sof
Slide 21: Condensed Consolidated Statements of Cash Flows
Nine Months Ended September 30, 2025 2026 Cash flows from operating activities: Net loss $ (2,822) $ (2,160) Depreciation and amortization 583 682 Stock-based compensation expense 551 634 Gain on strategic investments (101) (506) Other non-cash activities (6) 89 Changes in operating assets and liabi
Slide 22: Depreciation and Amortization & Stock-Based Compensation Expense
22 Depreciation and Amortization & Stock-Based Compensation Expense (in millions) (unaudited) Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Three Months Ended September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 Depreciation and amortization expens
Slide 23: Reconciliation of Non-GAAP Financial Measures
23 Reconciliation of Non-GAAP Financial Measures (in millions) (unaudited) Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Adjusted Research and Development Expenses Three Months Ended September 30, Nine Months Ended September 30, 2025 2026 2025 2026 Total research and development
Slide 24: Reconciliation of Non-GAAP Financial Measures Continued
24 Reconciliation of Non-GAAP Financial Measures Continued (in millions, except per share amounts) (unaudited) Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Adjusted EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2025 2026 2025 2026 Net loss attributable
Slide 25: Reconciliation of Non-GAAP Financial Measures Continued
25 Reconciliation of Non-GAAP Financial Measures Continued (in millions) (unaudited) Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Free Cash Flow Three Months Ended September 30, Nine Months Ended September 30, 2025 2026 2025 2026 Net cash provided by (used in) operating activiti
Slide 26: Quarterly Non-GAAP Reconciliation: Adjusted R&D, SG&A and Operating Expenses
Three Months Ended September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 Adjusted Research and Development Expenses Total research and development expenses $ 453 $ 424 $ 458 $ 466 $ 485 R&D depreciation and amortization expenses (18) (20) (23) (25) (24) R&D stock-based
Slide 27: Reconciliation of Non-GAAP Financial Measures Continued
27 Reconciliation of Non-GAAP Financial Measures Continued (in millions, except per share amounts) (unaudited) Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Three Months Ended September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 Adjusted Net Loss N
Slide 28: Non-GAAP Financial Measure Definitions
28 Non-GAAP Financial Measure Definitions Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. Our non-GAAP financial measures include adjusted research and development expenses, adjusted selling, general, and administrative expenses, total adjusted operating expenses, adjusted EBITDA,
Slide 29: Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. 29
Q3 2026 Earnings Presentation © 2026 Rivian. All rights reserved. 29