Rivian narrows Q2 loss 25% on R2 launch, $1.3B equity raise, and regulatory-credit surge

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

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  R2 deliveries began Q2 2026, a major milestone for the midsize platform. Q2 production surged 111% YoY to 12,613 vehicles; deliveries rose 14% to 12,194. Revenue grew 27.2% YoY to $1.7B.

  MD&A: R2 Launch & Production verify on EDGAR →
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  Operating loss narrowed 25% YoY to $836M (from $1.1B), driven by higher volumes, $106M in regulatory credits (vs. $3M prior year), and an IEEPA tariff refund. R2 ramp costs added ~$100M in Q2.

  MD&A: Operating Results verify on EDGAR →
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  July 2026 equity offering raised $1.3B net (86.25M shares at $15.50), following $1.0B from Volkswagen (April, Testing Milestone) and $300M from Uber (May, autonomy partnership). Total dilution ~169M shares.

  Notes: Equity Offerings view on EDGAR →