Full-Time
Posted on 2/12/2026
Designs and sells electric adventure vehicles direct-to-consumer
$136.7k - $170.9k/yr
Company Historically Provides H1B Sponsorship
Normal, IL, USA + 1 more
More locations: Irvine, CA, USA
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Rivian makes electric vehicles with a focus on outdoor adventure. Its lineup includes the R1T electric pickup and the R1S electric SUV, designed for both on‑road driving and off‑road exploration. The vehicles run on electric propulsion with battery packs and motors, and Rivian supports customers through direct-to-consumer sales and a suite of ownership services, plus gear and accessories tailored for their vehicles. Unlike traditional automakers that rely on dealerships, Rivian sells online and in showrooms, building a direct relationship with buyers and offering updates and new features via software. Its products emphasize sustainability, performance, and the ability to explore nature with lower environmental impact, aided by a growing ecosystem of services and gear. Rivian’s goal is to help people explore the world responsibly by providing durable, high‑performance electric adventure vehicles and a cohesive ownership experience that includes software updates, services, and gear.
Company Size
10,001+
Company Stage
IPO
Headquarters
Irvine, California
Founded
2009
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Ownership for All: We offer every employee the opportunity to own Rivian stock through equity programs, supporting their financial wellness.
Mental and Emotional Wellness: We provide employees and their families access to mental wellness platforms and our Employees Assistance Program
Fertility and Family Planning: We support diverse family-building journeys, providing employees with benefits such as paid parental leave and financial support for adoption, fertility treatments or surrogacy.
Competitive Compensation: We offer competitive compensation packages driven by mutual investment in our long-term growth and success.
Career Development: We enable all employees to own their development. Continuous learning opportunities and tuition reimbursement help drive performance, boost engagement and develop future leaders.
Transgender Benefits: In alignment with WPATH guidelines, our 2022 plans provide coverage toward medical, pharmacy and cosmetic needs.
Rivian Automotive's stock trades 25% below its 52-week high, but cost improvements could drive the next rally. The company has shown seven instances of gains exceeding 30% since 2022. Consolidated gross margin improved from 9% in Q1 2026 to 11% in Q2, with revenue reaching $1.66 billion, up 27% year over year. The automotive segment's gross profit loss narrowed to $36 million from $62 million. Cost of goods sold ran $96,700 per vehicle in Q2, including roughly $8,200 in ramp costs from expedited freight and supplier premiums. Excluding these temporary expenses, the figure drops to $88,400, about $5,000 better than Q1. These ramp costs are expected to decline as production volumes increase. The company's new model production began on a single shift, with a second shift targeted by the end of Q3 2026.
Rivian reported second-quarter revenue of $1.66 billion, up 27% year-on-year and exceeding expectations of $1.52 billion. The electric vehicle maker posted an adjusted loss of $0.47 per share, narrower than the anticipated $0.65 per share loss. The company achieved $179 million in consolidated gross profit, reversing a $206 million loss from the same period last year. Rivian produced 12,613 vehicles and delivered 12,194 during the quarter. The company began external deliveries of its R2 vehicle, which CEO RJ Scaringe called "a game changer" for long-term growth. Automotive revenue rose 23% to $1.14 billion, whilst software and services revenue increased 37% to $515 million. Rivian raised its 2026 delivery guidance by 3,000 vehicles and improved its adjusted EBITDA outlook by $50 million at the midpoint.
Rivian's new R2 electric vehicle is exceeding internal expectations since deliveries began in June, executives said on Thursday's earnings call. The company hosted 57,000 demo drives in the quarter, with strong customer feedback and conversion rates surpassing projections. The mid-size SUV aims to rival Tesla's Model Y. Production remains on a single shift at Rivian's Illinois plant, with a second shift planned by the third quarter's end. Rivian raised its full-year delivery outlook to 65,000–70,000 vehicles, expecting most growth in the fourth quarter. The EV maker still expects the R2 to contribute to positive automotive gross profit by year-end, after absorbing roughly $100 million in extra ramp costs in the second quarter. Early buyers include first-time EV owners and former Tesla customers. RIVN stock traded around 4% higher after-hours.
Rivian has reduced its 2026 capital expenditure plans and narrowed its earnings guidance whilst maintaining its delivery target of 65,000 to 70,000 vehicles. The EV maker now projects adjusted losses between $1.8 billion and $2 billion, down from $1.8 billion to $2.1 billion, and capital expenditures of $1.7 billion to $1.8 billion, down from $1.95 billion to $2.05 billion. The company began delivering its midsize R2 SUV during the quarter and is ramping up production at its Illinois plant, which has capacity to produce 160,000 vehicles annually. Second-quarter revenue totalled $1.14 billion from automotive and $515 million from software and services. Rivian's net loss was $837 million, or 63 cents per share, representing a $278 million improvement compared with the second quarter of 2025.
Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla. Good morning. While sitting in the Rivian R2 electric SUV at the Aspen Ideas Festival this weekend, CEO RJ Scaringe opened a glove box and pointed to the felt lining. "That cost $11," he said. Is that expensive or cheap? Perhaps sensing my neutrality, Scaringe pulled out his phone to show me a review by an auto writer who wants to buy an R2 when sales start next year and thinks it could be America's next great SUV. "That's the reaction we want," he told me. "We had to get this right and we're happy that people are loving it." I don't know if R2 will be a hit, but it's a testament to the resilience of Rivian's founder. Scaringe launched the EV company in 2009, one day after getting a PhD from MIT in making combustion engines cleaner. (He studied them to kill them and thought a PhD would help attract investors.) It took nine years to unveil his first products - a pickup truck and a large SUV. In 2021, Rivian had the biggest IPO of the year, raising almost $12 billion to start production. Investor Amazon has partnered on electric delivery vans, with 30,000 on U.S. roads and plans to have 100,000 in service by 2030. There's also a $5.8 billion joint venture with Volkswagen to create software-designed vehicle architecture and a deal with Uber to build 50,000 robotaxis. And Rivian is on Fortune's 2026 ranking of America's Most Innovative Companies. Still, it's been a rough 17-year ride, with a scrapped sports coupe, supply shortages, software bugs, price hikes and optimistic promises that led to Rivian paying $250 million to settle a shareholder lawsuit. R2 is the third try at getting this vehicle right. With losses shrinking but still in the billions, the stock is 88% below its debut price of $130. "For any entrepreneur who's building a complex business, you have to be comfortable being misunderstood for a while," Scaringe told me. "Patience and having a good signal-to-noise filter is important. If I got dropped into my role now without those previous experiences, the noise would be so overwhelming. I've had people say this is a horrible idea, you're wasting your brain. Part of the founder's journey is rejection and building resilience to being misunderstood." This is a man who delivered his first two trucks while they were still prototypes to actors Ewan McGregor and Charley Boorman when they wanted to take an all-electric journey from Patagonia to LA for their 2019 TV series, Long Way Up. "Nobody was ready for that trip," he said of the ambitious 13,000-mile journey. "But that's kind of what it is. You just keep going." Scaringe doesn't fret about China, saying his technology is as good as its top five EV makers though he can't compete on the cost of labor. And he doesn't think much about "very vocal" Elon Musk, saying, "we probably couldn't be more different in terms of the way we show up to the world." The same could be said of their companies as Tesla has about 17 times the revenue of Rivian and 75 times the market cap, not to mention almost 10 times the cash and healthy profits. But Scaringe is playing the long game. He hopes Rivian will one day be compared not to Tesla but to Nike or Apple. "I hope the brand means more than the products," he said. "I hope the product inspires people to do the things they love." Top leadership news. Ford rehires engineers after AI falls short Ford quietly hired 350 veteran engineers over the past three years after automated quality systems failed to catch defects, costing the automaker billions in warranty and recall costs. CEO Jim Farley credited the rehires with generating "hundreds and hundreds of millions of dollars of a tailwind for Ford on cost," he told Bloomberg TV. Target's new attendance point system Target will start tracking unexcused tardiness and absences for its store and warehouse workers in September, assigning point values to violations and terminating any employee who hits 12 points within a year. The policy follows similar moves by Walmart and Amazon and comes as new CEO Michael Fiddelke pushes to improve store operations after four straight quarters of declining comparable sales. The Supreme Court upholds Fed independence The Supreme Court ruled Monday that President Donald Trump was wrong to try firing Fed Governor Lisa Cook without due process, reaffirming the Fed's independence from the White House. "Under our precedents, Cook was entitled to notice and some opportunity to respond prior to her termination," Chief Justice Roberts wrote. The markets. S&P 500 futures are up 0.06% this morning. The last session closed up 1.18%. The STOXX Europe 600 was up 0.56% in early trading. The U.K.'s FTSE 100 was up 0.35% in early trading. Japan's Nikkei 225 was up 0.86%. South Korea's KOSPI was up 0.97% today. China's CSI 300 was up 1.07%. Hong Kong's Hang Seng was down 0.63%. India's NIFTY 50 was down 0.02%. Bitcoin was down at $59K.