Rivian Automotive
RIVN on Nasdaq. Rivian sells electric vehicles directly to consumers and commercial customers. Market value $14.3bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-19.39 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
Each dollar kept in the business earns -78 cents a year. Above 10 is good.
Quality score: 40 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$14.51 a share, 17% above its 1-year low
Over the past year the price has ranged from $12.39 to $22.69.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $55m | $1.7bn | $4.4bn | $5.0bn | $5.4bn |
| Operating margin | |||||
| Operating margin | -7672.7% | -413.5% | -129.4% | -94.3% | -66.5% |
| Debt to equity | |||||
| Debt to equity | 0.06 | 0.09 | 0.49 | 0.69 | 0.99 |
| Shares outstanding | |||||
| Shares outstanding | 0.90bn | 0.93bn | 0.97bn | 1.13bn | 1.24bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting checksSkipped: company is not yet profitable
- Debt0.99× equity
- Revenue growth, five yearsStrong, 214.6% a year
- Buying back its own sharesNo, 38% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.7 billion last quarter, up 27% on a year ago.
- A loss of $833 million, compared with a loss of $1.1 billion a year ago.
- It loses 60 cents on each $1 of sales, compared with 70 cents a year earlier.
- Over the past 12 months it spent $3.5 billion more cash than it brought in, compared with $1.2 billion a year earlier.
- 15% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $951 million more than cash. A year ago it had $376 million more cash than debt.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $874m |
| December 2024 | $1.7bn |
| March 2025 | $1.2bn |
| June 2025 | $1.3bn |
| September 2025 | $1.6bn |
| December 2025 | $1.3bn |
| March 2026 | $1.4bn |
| June 2026 | $1.7bn |
| Quarter to | Amount |
|---|---|
| September 2024 | -$1.1bn |
| December 2024 | -$744m |
| March 2025 | -$545m |
| June 2025 | -$1.1bn |
| September 2025 | -$1.2bn |
| December 2025 | -$811m |
| March 2026 | -$416m |
| June 2026 | -$833m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 12 February 2026
- Next quarterly (estimated, 10-Q)
- 29 October 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 817 funds in all.
- ValueWorksCharles Lemonides
- Value
- $22m
- Share of fund
- 4.5%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| ValueWorksCharles Lemonides | $22m | 4.5% | |
| Gotham Asset ManagementJoel Greenblatt | $241,200 | <0.1% | Cut |
Largest holders overall
- Amazon.com$2.7bn
- BlackRock$979mAdded
- Baillie Gifford$750m
- Vanguard Capital Management$681mCut
- Vanguard Portfolio Management$604mCut
- State Street$389mAdded
- JPMorgan Chase$381m
- Slate Path Capital LP$381mNew
- D. E. Shaw$361mAdded
- Uber Technologies$339mNew
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Volkswagen AGPassive investorat least 15.9%+3.6 pts(filed with 1 related holder)Since 30 April 2026
- Volkswagen International America Inc.Passive investor12.3%+3.7 ptsSince 30 June 2025
- BAILLIE GIFFORD & COPassive investorSold down below 5%Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Volkswagen AG Passive investor | at least 15.9%+3.6 pts (filed with 1 related holder) | 30 April 2026 | |
Volkswagen International America Inc. Passive investor | 12.3%+3.7 pts | 30 June 2025 | |
BAILLIE GIFFORD & CO Passive investor | Sold down below 5% | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $251,460 of shares on the open market. 5 sold $8m, $8m of it under preset trading plans.
- CALLAHAN MICHAEL JOHNChief Administrative OfficerSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 15,000
- Price
- $15.00
- Value
- $225,000
- CALLAHAN MICHAEL JOHNChief Administrative OfficerSoldunder a preset trading plan
- Date
- 11 September 2026
- Shares
- 15,000
- Price
- $16.29
- Value
- $244,391
- McDonough ClaireChief Financial OfficerSoldunder a preset trading plan
- Date
- 20 August 2026
- Shares
- 8,023
- Price
- $16.00
- Value
- $128,368
- McDonough ClaireChief Financial OfficerSoldunder a preset trading plan
- Date
- 18 August 2026
- Shares
- 13,144
- Price
- $14.50
- Value
- $190,650
- Boone KarenDirectorSoldunder a preset trading plan
- Date
- 6 July 2026
- Shares
- 20,000
- Price
- $20.00
- Value
- $400,000
- McDonough ClaireChief Financial OfficerSoldunder a preset trading plan
- Date
- 3 June 2026
- Shares
- 8,022
- Price
- $18.00
- Value
- $144,396
- McDonough ClaireChief Financial OfficerSoldunder a preset trading plan
- Date
- 29 May 2026
- Shares
- 8,023
- Price
- $16.00
- Value
- $128,368
- Scaringe Robert JChief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 28 May 2026
- Shares
- 34,818
- Price
- $15.00
- Value
- $522,270
- McDonough ClaireChief Financial OfficerSoldunder a preset trading plan
- Date
- 21 May 2026
- Shares
- 7,600
- Price
- $14.00
- Value
- $106,400
- McDonough ClaireChief Financial OfficerSoldunder a preset trading plan
- Date
- 18 May 2026
- Shares
- 5,544
- Price
- $13.43
- Value
- $74,456
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 October 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Sold under a preset trading plan | 15,000 | $15.00 | $225,000 |
| 11 September 2026 | CALLAHAN MICHAEL JOHN Chief Administrative Officer | Sold under a preset trading plan | 15,000 | $16.29 | $244,391 |
| 20 August 2026 | McDonough Claire Chief Financial Officer | Sold under a preset trading plan | 8,023 | $16.00 | $128,368 |
| 18 August 2026 | McDonough Claire Chief Financial Officer | Sold under a preset trading plan | 13,144 | $14.50 | $190,650 |
| 6 July 2026 | Boone Karen Director | Sold under a preset trading plan | 20,000 | $20.00 | $400,000 |
| 3 June 2026 | McDonough Claire Chief Financial Officer | Sold under a preset trading plan | 8,022 | $18.00 | $144,396 |
| 29 May 2026 | McDonough Claire Chief Financial Officer | Sold under a preset trading plan | 8,023 | $16.00 | $128,368 |
| 28 May 2026 | Scaringe Robert J Chief Executive Officer, Director | Sold under a preset trading plan | 34,818 | $15.00 | $522,270 |
| 21 May 2026 | McDonough Claire Chief Financial Officer | Sold under a preset trading plan | 7,600 | $14.00 | $106,400 |
| 18 May 2026 | McDonough Claire Chief Financial Officer | Sold under a preset trading plan | 5,544 | $13.43 | $74,456 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.