Fall 2026
Designs and sells electric adventure vehicles direct-to-consumer
$25 - $40/hr
Company Historically Provides H1B Sponsorship
Champaign, IL, USA
In Person
Must work out of the Research Park office and be available 20 hours per week during Fall and Spring and 40 hours per week in summer.
Master's, PhD
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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 is poised to achieve positive automotive gross profit by the third quarter, marking a crucial milestone in its path to profitability. During Q2, the electric vehicle maker's automotive gross profit loss narrowed to $36 million, a significant improvement from the previous year's $335 million loss. The company's consolidated gross profit reached $179 million in Q2, up $385 million year-over-year. This was driven largely by its software and services segment, which generated $215 million at a 42% margin. Rivian has consistently improved its vehicle unit economics, unlike rival Lucid, which has remained flat in gross profitability. The upcoming R2 ramp-up will test whether Rivian can sustain this momentum, as the new model is expected to cost roughly half as much to produce as its R1 vehicles.
Rivian's CEO has warned that Chinese electric vehicle manufacturers pose a significant competitive threat due to their lower cost structures and access to government-backed capital. These advantages could put pressure on Western EV makers' pricing and margins. The company also updated investors on its partnership with Uber, targeting deployment of autonomous robotaxis in urban areas by 2028. Rivian views this collaboration as central to its longer-term mobility and autonomy strategy. Current Q2 figures show revenue of $1.66 billion and a net loss of $833 million. The company is attempting to balance immediate cost pressures from Chinese rivals with longer-term bets on autonomous vehicles and software-based revenue streams.
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 Q2 2026 earnings: revenue up 27% as R2 Deliveries begin. Rivian has released its second-quarter 2026 financial results, showing significant year-over-year growth in revenue and a record gross profit. The company also began delivering its new R2 SUV, its first model priced under $50,000, to customers in June. R2 Deliveries mark a new chapter. Rivian started external deliveries of the R2, its mid-size SUV, on June 9, 2026. This marks the company's entry into a more affordable segment, with the R2 being its first vehicle priced below $50,000. During the quarter, Rivian hosted over 57,000 demo drives, setting a new company record. The R2's arrival is a major milestone for Rivian as it seeks to expand its customer base. Financial performance in Q2 2026. Rivian reported revenue of $1.658 billion for the second quarter, a 27% increase compared to the same period last year. The company posted a record consolidated gross profit of $179 million, representing an 11% margin. Automotive revenue reached $1.143 billion, up 23%, with $108 million coming from regulatory credits. Software and services contributed $515 million, up 37% year-over-year, with $308 million of that from Rivian's joint venture with Volkswagen Group. Despite these gains, Rivian's automotive gross profit was negative $36 million, though this is a significant improvement from the $335 million loss a year ago. The company absorbed about $100 million in extra costs related to ramping up R2 production. Production, deliveries, and capital position. In Q2 2026, Rivian produced 12,613 vehicles and delivered 12,194. For the first half of the year, total deliveries reached 22,559 units. Rivian ended the quarter with $5.31 billion in cash, equivalents, and short-term investments. In July, the company raised approximately $1.3 billion through a follow-on offering of 86.25 million Class A shares, supporting its ongoing operations and future projects. Updated guidance and future outlook. Rivian has raised its full-year 2026 delivery outlook to 65,000 to 70,000 vehicles, an increase of 3,000 units from its previous guidance. The company also narrowed its adjusted EBITDA loss guidance to a range of $1.8 billion to $2.0 billion and reduced its capital expenditure guidance to $1.7 billion to $1.8 billion. Looking ahead, Rivian expects to secure $1 billion in non-recourse debt from Volkswagen and a $250 million equity investment from Uber later in 2026, both subject to conditions. Including these and a Department of Energy loan, Rivian estimates its available and targeted future capital at over $14 billion. Why this matters. Rivian's strong financial results and the start of R2 deliveries signal progress in scaling up production and expanding its product lineup. The improvement in gross margin and narrowing losses reflect operational gains, even as the company invests heavily in new vehicle launches. With increased guidance for deliveries and capital, Rivian is positioning itself for further growth in the competitive EV market. What this means for buyers. For consumers, the arrival of the R2 means more choice in the mid-size electric SUV segment, especially at a lower price point. Rivian's improved financial position and production ramp-up suggest greater availability and potentially shorter wait times for new buyers. Prospective Rivian customers can expect the company to focus on scaling R2 deliveries through the rest of 2026, with continued investment in both vehicle and software offerings. Key specs. * R2 Deliveries Start Date: June 9, 2026 * Q2 2026 Revenue: $1.7B (~AUD 2.4B) * Q2 2026 Gross Profit: $179M (~AUD 256.6M) * Q2 2026 Gross Margin: 11% * Vehicles Delivered in Q2 2026: 12,194 * Vehicles Produced in Q2 2026: 12,613 * Cash and Equivalents (End Q2 2026): $5.3B (~AUD 7.6B) * Full-Year 2026 Delivery Guidance: 65,000 to 70,000 vehicles Sharing is caring. Sam Evans. Independent EV news commentator and founder of The Electric Viking. Covering the electric vehicle revolution for a global audience of 350K+ on YouTube. Viking merchandise. T-shirts, mugs, hoodies, bags Never miss an update!!! Want expert advice on electric vehicles, battery tech, solar energy, or the future of emerging technologies? You can now book a 1-on-1 consultation with Sam Evans - The Electric Viking.