Rivian Automotive recently released its 10-Q report. The company develops and sells electric vehicles, including the R1T pickup and R1S SUV, and also offers software and services tied to vehicle architecture, charging, subscriptions, financing, insurance, and fleet management. Its business is organized into Automotive and Software and Services, and it also includes the Rivian Commercial Van program developed with Amazon and the Rivian Adventure Network fast-charging business.
In Item 2, Management’s Discussion and Analysis, Rivian says it produced 10,236 vehicles and delivered 10,365 vehicles in the three months ended March 31, 2026. The company says its manufacturing base in Normal, Illinois was operating significantly below full capacity, which pushed cost of revenues higher per unit, even after upgrades to the paint shop in September and October 2025 lifted annual capacity to 215,000 units. Rivian says first customer deliveries of the R2 began in late April 2026, and it describes R2 as central to its long-term growth and profit potential.
Rivian says the R2 reservation requires a cancellable, fully refundable $100 deposit. It says the midsize platform behind R2 is designed to reduce manufacturing complexity and improve cost efficiency through part consolidation or elimination, while using technologies already developed for the R1 line, including its software stack, propulsion technology, autonomy platform, network architecture, and zonal network architecture.
On the commercial side, Rivian says the Commercial Van platform underpins the EDV program built with Amazon, its first commercial customer. Amazon has ordered an initial volume of 100,000 EDVs globally, subject to modification. Rivian says it offers 500-cubic-foot and 700-cubic-foot versions of the van, and that the design includes a rear roll-up door, integrated bulkhead door, tall roof, driver-centric ergonomics, and a curb-side sliding door.
Rivian also says it earns tradable regulatory credits tied to ZEVs, greenhouse gas, fuel economy, and clean fuel programs in the United States and Canada, but notes that many of those programs have been modified, are being phased out, or may be phased out, making future credit sales uncertain. In software and services, it says it began charging for Autonomy+ in April 2026, after releasing Universal Hands Free to R1 Gen 2 customers in December 2025 and expanding availability from fewer than 150,000 miles of roads to more than 3.5 million miles in North America. Following these announcements, the company's shares moved -2.54%, and are now trading at a price of $16.52. For the full picture, make sure to review Rivian Automotive's 10-Q report.
