# Rivian Automotive (NASDAQ:RIVN) released its Q1 2026 quarterly numbers on April 30.

*business · news · 2026-05-03 · Markets Insider*

## Key points

- Rivian reported a negative free cash flow of -$1.075 billion in its latest quarter.
- Rivian's software and services revenue grew 49% year-over-year to $473 million.
- Production of the Rivian R2 has begun, targeting a $45,000 base price by end of 2027.
- Rivian's consolidated revenue grew 11% year-over-year, reaching $1.38 billion and beating expectations.

**Companies:** Rivian Automotive
**Countries:** United States

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/steady-as-she-goes-says-top-investor-about-rivian-stock-1036098180)

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