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Rivian Delivers Lower-Priced R2 SUV, Revenue Jumps 38%

By Drooid · Oct 31, 2026 · How we work

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Summary

Rivian began delivering its lower-priced R2 SUV to customers in June 2026.
Third-quarter revenue increased 38 % to $2.15 billion.
Vehicle deliveries rose 46 % year-over-year to 19,248 units, surpassing R1T and R1S combined.
Automotive gross loss narrowed to $80 million, down from $130 million a year earlier.
Software and subscription revenue reached $605 million, a 45 % year-over-year increase.

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Rivian began delivering its lower-priced R2 SUV to customers in June 2026.
Third-quarter revenue increased 38 % to $2.15 billion.
Vehicle deliveries rose 46 % year-over-year to 19,248 units, surpassing R1T and R1S combined.
Automotive gross loss narrowed to $80 million, down from $130 million a year earlier.
Software and subscription revenue reached $605 million, a 45 % year-over-year increase.