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Rivian Automotive (NASDAQ:RIVN) released its Q1 2026 quarterly numbers on April 30.
Rivian reported a negative free cash flow of -$1.075 billion in its latest quarter.
KEY POINTS
- 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
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