Rivian Automotive, Inc. (RIVN) Balance Sheet

NASDAQ: RIVNAssets, liabilities, debt and equity over 7 years.

RIVN balance sheet, 2025

December 31, 2025 · U.S. dollars

$14.86B assets = $10.27B liabilities + $4.59B equity

Both columns are drawn to the same scale: what RIVN owns equals what it owes plus shareholders’ equity. Hover a block for its value.

RIVN financial health

Current ratio2.33

Comfortable · current assets cover current liabilities 2.33×

Debt / equity1.46

Moderate leverage · $1.46 of debt for each $1 of equity

Equity / assets30.7%

Balanced · of assets funded by shareholders

Cash / debt91.4%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

RIVN balance sheet trends, 2019–2025

Rivian Automotive, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$2.63B2019	$14.86B2025	+33.4%/yr
Total liabilities	$3.01B2019	$10.27B2025	+22.7%/yr
Shareholders’ equity	−$375.0M2019	$4.57B2025	—
Cash & short-term investments	$2.26B2019	$6.08B2025	+17.9%/yr
Total debt	$74.0M2019	$6.65B2025	+111.6%/yr
Net cash (debt)	$2.19B2019	−$569.0M2025	−$2.8B
Working capital	$2.11B2019	$4.90B2025	+$2.8B
Book value per share	$15.112022	$3.852025	−36.6%/yr
Current ratio	12.392019	2.332025	−10.07
Debt / equity	0.082021	1.462025	+1.37
Shares outstanding	913.0M2022	1.19B2025	+9.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

RIVN assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

RIVN liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

RIVN debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

RIVN balance sheet

Rivian Automotive, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019
Assets
Cash & short-term investments	$6.08B	$7.70B	$9.37B	$11.57B	$18.13B	$2.98B	$2.26B
Cash & equivalents	$3.58B	$5.29B	$7.86B	$11.57B	$18.13B	$2.98B	$2.26B
Short-term investments	$2.50B	$2.41B	$1.51B	$0	—	—	—
Receivables	$555.0M	$443.0M	$161.0M	$102.0M	$26.0M	$6.0M	$0
Inventory	$1.59B	$2.25B	$2.62B	$1.35B	$274.0M	−$6.0M	$0
Other current assets	$361.0M	$192.0M	$164.0M	$112.0M	$126.0M	$37.0M	$29.0M
Total current assets	$8.59B	$10.58B	$12.31B	$13.13B	$18.56B	$3.02B	$2.29B
Property, plant & equipment (net)	$5.69B	$4.38B	$4.23B	$4.09B	$3.41B	$1.52B	$313.0M
Goodwill & intangible assets	$0	$0	$0	$0	$0	$0	$0
Long-term investments	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$582.0M	$446.0M	$235.0M	$658.0M	$324.0M	$61.0M	$27.0M
Total assets	$14.86B	$15.41B	$16.78B	$17.88B	$22.29B	$4.60B	$2.63B
Liabilities
Accounts payable	$595.0M	$499.0M	$981.0M	$1.00B	$483.0M	$90.0M	$27.0M
Short-term debt	$1.66B	$917.0M	$361.0M	$270.0M	$163.0M	$50.0M	$3.0M
Deferred revenue	$1.66B	$917.0M	$88.0M	—	$74.0M	$28.0M	$18.0M
Total current liabilities	$3.69B	$2.25B	$2.49B	$2.42B	$1.31B	$611.0M	$185.0M
Long-term debt	$4.44B	$4.44B	$4.43B	$1.23B	$1.23B	$47.0M	$71.0M
Lease obligations	$2.21B	$1.30B	$685.0M	$581.0M	$307.0M	$83.0M	$3.0M
Other long-term liabilities	$2.14B	$2.16B	$719.0M	$422.0M	$241.0M	$5.33B	$2.75B
Total liabilities	$10.27B	$8.85B	$7.64B	$4.08B	$2.78B	$5.99B	$3.01B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	—	—
Retained earnings (deficit)	−$26.95B	−$23.30B	−$18.56B	−$13.13B	−$6.37B	−$1.69B	−$668.0M
Accumulated other comprehensive income	$8.0M	−$4.0M	$3.0M	−$2.0M	−$22.29B	—	—
Minority interest	$28.0M	$4.0M	$0	—	—	—	—
Total shareholders' equity	$4.57B	$6.56B	$9.14B	$13.80B	$19.51B	−$1.38B	−$375.0M
Key figures
Total debt	$6.65B	$5.74B	$5.12B	$1.81B	$1.61B	$180.0M	$74.0M
Net cash (debt)	−$569.0M	$1.96B	$4.25B	$9.76B	$16.53B	$2.80B	$2.19B
Working capital	$4.90B	$8.33B	$9.83B	$10.71B	$17.25B	$2.40B	$2.11B
Tangible book value	$4.57B	$6.56B	$9.14B	$13.80B	$19.51B	−$1.38B	−$375.0M
Book value per share	$3.85	$6.47	$9.65	$15.11	—	—	—
Shares outstanding	1.19B	1.01B	947.0M	913.0M	—	—	—
Current ratio	2.33	4.70	4.95	5.42	14.13	4.94	12.39
Quick ratio	1.80	3.62	3.83	4.81	13.83	4.89	12.24
Debt / equity	1.46	0.87	0.56	0.13	0.08	—	—
Equity / assets	30.7%	42.6%	54.5%	77.2%	87.5%	−30.1%	−14.2%

Rivian Automotive, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$5.31B	$4.83B	$6.08B	$7.09B	$7.51B	$7.18B	$7.70B	$6.74B	$7.87B	$7.86B	$9.37B	$9.13B
Cash & equivalents	$3.59B	$2.85B	$3.58B	$4.44B	$4.81B	$4.69B	$5.29B	$5.40B	$5.76B	$5.98B	$7.86B	$7.94B
Short-term investments	$1.72B	$1.99B	$2.50B	$2.65B	$2.70B	$2.48B	$2.41B	$1.34B	$2.10B	$1.88B	$1.51B	$1.19B
Receivables	$370.0M	$342.0M	$555.0M	$203.0M	$254.0M	$412.0M	$443.0M	$217.0M	$249.0M	$389.0M	$161.0M	$237.0M
Inventory	$1.66B	$1.54B	$1.59B	$1.64B	$2.10B	$2.59B	$2.25B	$2.68B	$2.58B	$2.80B	$2.62B	$2.53B
Other current assets	$277.0M	$330.0M	$361.0M	$346.0M	$255.0M	$215.0M	$192.0M	$201.0M	$258.0M	$270.0M	$164.0M	$186.0M
Total current assets	$7.62B	$7.04B	$8.59B	$9.28B	$10.12B	$10.39B	$10.58B	$9.84B	$10.96B	$11.31B	$12.31B	$12.09B
Property, plant & equipment (net)	$6.26B	$6.04B	$5.69B	$5.39B	$4.91B	$4.57B	$4.38B	$4.22B	$4.19B	$4.21B	$4.23B	$4.16B
Goodwill & intangible assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-term investments	$697.0M	$669.0M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$560.0M	$484.0M	$582.0M	$553.0M	$563.0M	$546.0M	$446.0M	$209.0M	$209.0M	$211.0M	$235.0M	$215.0M
Total assets	$15.14B	$14.23B	$14.86B	$15.22B	$15.60B	$15.51B	$15.41B	$14.26B	$15.35B	$15.73B	$16.78B	$16.46B
Liabilities
Accounts payable	$889.0M	$754.0M	$595.0M	$554.0M	$489.0M	$713.0M	$499.0M	$617.0M	$769.0M	$1.02B	$981.0M	$1.13B
Short-term debt	$117.0M	$1.55B	$1.66B	$1.48B	$1.44B	$1.13B	$917.0M	$429.0M	$422.0M	$364.0M	$361.0M	$374.0M
Deferred revenue	$1.27B	$1.55B	$1.66B	$1.05B	$1.44B	—	$917.0M	—	$91.0M	$91.0M	$88.0M	—
Total current liabilities	$3.62B	$3.35B	$3.69B	$3.42B	$2.94B	$2.79B	$2.25B	$1.93B	$2.09B	$2.40B	$2.49B	$2.62B
Long-term debt	$4.44B	$4.44B	$4.44B	$4.44B	$4.44B	$4.44B	$4.44B	$5.47B	$5.53B	$4.43B	$4.43B	$2.72B
Lease obligations	$909.0M	$2.13B	$2.21B	$2.01B	$1.90B	$1.56B	$1.30B	$790.0M	$773.0M	$709.0M	$685.0M	$693.0M
Other long-term liabilities	$1.95B	$2.01B	$2.14B	$2.27B	$2.14B	$2.04B	$2.16B	$962.0M	$924.0M	$831.0M	$719.0M	$560.0M
Total liabilities	$10.01B	$9.80B	$10.27B	$10.13B	$9.52B	$9.28B	$8.85B	$8.36B	$8.54B	$7.67B	$7.64B	$5.90B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Retained earnings (deficit)	−$28.20B	−$27.37B	−$26.95B	−$26.14B	−$24.97B	−$23.85B	−$23.30B	−$22.56B	−$21.46B	−$20.00B	−$18.56B	−$17.04B
Accumulated other comprehensive income	—	$2.0M	$8.0M	$7.0M	$6.0M	−$1.0M	−$4.0M	$4.0M	−$1.0M	$2.0M	$3.0M	−$2.0M
Minority interest	$21.0M	$26.0M	$28.0M	$18.0M	$11.0M	—	—	—	—	—	—	—
Total shareholders' equity	$5.13B	$4.40B	$4.57B	$5.07B	$6.07B	$6.22B	$6.56B	$5.90B	$6.82B	$8.07B	$9.14B	$10.55B
Key figures
Total debt	$5.35B	$6.58B	$6.65B	$6.45B	$6.33B	$6.00B	$5.74B	$6.26B	$6.30B	$5.14B	$5.12B	$3.41B
Net cash (debt)	−$43.0M	−$1.75B	−$569.0M	$638.0M	$1.17B	$1.18B	$1.96B	$481.0M	$1.57B	$2.72B	$4.25B	$5.72B
Working capital	$4.00B	$3.69B	$4.90B	$5.85B	$7.18B	$7.61B	$8.33B	$7.90B	$8.87B	$8.91B	$9.83B	$9.46B
Tangible book value	$5.13B	$4.40B	$4.57B	$5.07B	$6.07B	$6.22B	$6.56B	$5.90B	$6.82B	$8.07B	$9.14B	$10.55B
Book value per share	$3.98	$3.53	$3.70	$4.15	$5.25	$5.47	$6.20	$5.82	$6.81	$8.25	$9.49	$11.08
Shares outstanding	1.29B	1.25B	1.23B	1.22B	1.16B	1.14B	1.06B	1.01B	1.00B	978.0M	963.0M	952.0M
Current ratio	2.10	2.10	2.33	2.71	3.44	3.73	4.70	5.09	5.25	4.71	4.95	4.61
Quick ratio	1.57	1.54	1.80	2.13	2.64	2.72	3.62	3.60	3.89	3.43	3.83	3.57
Debt / equity	1.04	1.49	1.46	1.27	1.04	0.96	0.87	1.06	0.92	0.64	0.56	0.32
Equity / assets	33.9%	30.9%	30.7%	33.3%	38.9%	40.1%	42.6%	41.4%	44.4%	51.3%	54.5%	64.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.

RIVN financial position

At the end of fiscal 2025 (December 31, 2025), Rivian Automotive had total assets of $14.9 billion (down 3.5% from a year earlier), total liabilities of $10.3 billion and shareholders' equity of $4.6 billion. It held $6.1 billion in cash and short-term investments against $6.7 billion of debt, net debt of $569.0 million. Its current ratio was 2.33. In the latest quarter (ended June 30, 2026) total assets were $15.1 billion and equity $5.1 billion.

Related: RIVN income statement, RIVN cash flow statement, RIVN key metrics. See the RIVN stock overview for the latest quote and news.

RIVN balance sheet FAQ

What are Rivian Automotive's total assets?

Rivian Automotive reported total assets of $14.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $15.4 billion a year earlier.

How much debt does Rivian Automotive have?

Rivian Automotive had $6.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.46.

How much cash does Rivian Automotive have?

Rivian Automotive held $6.1 billion in cash and short-term investments at the end of fiscal 2025; with $6.7 billion of debt that is net debt of $569.0 million.

What is Rivian Automotive's book value?

Rivian Automotive's shareholders' equity (book value) was $4.6 billion at the end of fiscal 2025, or $3.85 per share.

What is Rivian Automotive's current ratio?

Rivian Automotive had current assets of $8.6 billion and current liabilities of $3.7 billion, a current ratio of 2.33 (it can cover its short-term obligations).