Rivian’s R2 is officially its best-selling vehicle

Rivian has reported its third quarter earnings for 2026, with $2.155 billion in revenue, a 38% increase from the previous year. The mass-market R2 electric vehicle has become the company's top seller by volume, outselling all other Rivian EVs. Automotive revenue was $1.55 billion, a 36% increase year-over-year, while software and subscription services brought in $605 million, a 45% increase year-over-year. Rivian's automotive gross profits improved by $152 million compared to the same time last year, with a gross profit of $176 million. The company still lost $80 million in Q3 automotive gross profits, but this is a significant improvement from the $130 million loss in the same period last year. Rivian is also making money from selling pollution credits to other carmakers and receiving a tariff refund from the government, which was recorded as revenue. In addition, the company brought in $256 million in profit from software and services, up $102 million from the previous year.