Rivian Automotive (RIVN) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with a reminder about forward-looking statements and an invitation for stockholder questions via the meeting page.

• CEO reflected on 2025 as a year of focused execution, laying foundations for scaling with the R2 launch.

Financial performance review

• Achieved a $5,500 improvement in average sale price year-over-year, driven by new R1 quad models and higher base prices.

• Reduced automotive cost of goods sold per unit by $9,500 through material cost reductions and operational efficiencies.

• Realized over $1.3 billion improvement in full year gross profit, marking the first full year of positive gross profit.

Board and executive committee updates

• Board members and representatives from KPMG and Broadridge were present, with Broadridge serving as inspector of election.