Rivian Automotive, Inc. announced its second quarter 2026 financial results.
Rivian ended the quarter with approximately $5.3 billion of cash, cash equivalents, and short-term investments. In July, Rivian sold 86.25 million class A shares in a follow-on equity offering to raise approximately $1.3 billion for general corporate purposes including the funding of certain equity contributions and reserves associated with the Department of Energy loan for the construction of the company’s Georgia plant.
Additionally, later this year the company expects to receive $1 billion in non-recourse debt financing from Volkswagen Group and an additional $250 million equity investment from Uber, both subject to the completion of certain conditions. Rivian’s current available liquidity and targeted future capital to support the company’s investments in growth initiatives is over $14 billion. This includes current liquidity, the Department of Energy Loan and additional targeted equity investments from Uber and Volkswagen Group, which are each subject to certain conditions.
“This quarter we began external deliveries of R2. I believe R2 will be a game changer for our customers and a driver of Rivian’s long-term growth and profitability,” said RJ Scaringe, Rivian founder and CEO. “This quarter we also hosted over 57,000. demo drives, a Rivian record. The U.S. automotive marketplace is starved for high-quality EV choice, and I believe R2 is an attractively priced option for everyday adventures that will resonate with a broad set of consumers.”
