
Inside Rivian's $179m gross profit: the vehicles themselves lost $144m
Rivian Automotive (RIVN) reported revenue of $1,658m for the second quarter of 2026, up 27% from a year earlier, and gross profit of $179m (a year earlier −$206m). Laying the segment table over the revenue breakdown in the 10-Q filed on July 30 shows where that profit came from: not from selling vehicles, but from software revenue recognized under the Volkswagen joint venture and from regulatory credits.



