REE Automotive Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.3M | $183.0K | $1.6M | $0 | $6.0K | $388.0K | $681.0K |
| Cost of Revenue | $17.6M | $3.7M | $3.3M | $547.0K | $995.0K | $647.0K | $490.0K |
| Gross Profit | $-16.3M | $-3.5M | $-1.7M | $-547.0K | $-989.0K | $-259.0K | $191.0K |
| Gross Margin | -1,254.7% | -1,911.5% | -103.4% | — | -16,483.3% | -66.8% | 28.0% |
| Operating Expenses | |||||||
| Research & Development | $45.4M | $49.5M | $82.7M | $78.2M | $252.4M | $29.6M | $7.0M |
| SG&A Expense | $20.0M | $26.2M | $35.6M | $49.2M | $262.1M | $38.3M | $7.2M |
| Operating Income | $-106.4M | $-79.1M | $-119.9M | $-128.0M | $-515.5M | $-68.1M | $-14.0M |
| Operating Margin | -8,204.3% | -43,239.9% | -7,456.0% | — | -8,591,600.0% | -17,551.0% | -2,059.5% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $-57.8M | $-109.7M | $-115.6M | $-105.7M | $-504.0M | $-67.7M | $-12.2M |
| Income Tax Expense | $-2.0M | $2.1M | $-1.4M | $1.7M | $1.3M | $0 | $0 |
| Net Income | $-55.8M | $-111.8M | $-114.2M | $-107.4M | $-505.3M | $-67.7M | $-12.2M |
| Net Margin | -4,302.8% | -61,067.8% | -7,102.5% | — | -8,422,166.7% | -17,451.8% | -1,790.7% |
| EPS (Basic) | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 32.1M | 15.9M | 10.1M | 19.6M | 15.7M | 311.9M | 253.2M |
| Shares Outstanding (Diluted) | 32.1M | 15.9M | 10.1M | 19.6M | 15.7M | 311.9M | 253.2M |
| Dividends Per Share | — | — | — | — | — | — | — |