Quarterly ResultMay 15, 2026, 07:22 AM
REE Automotive FY25 GAAP Net Loss $55.8M; Shifts to Software-Led Business
AI Summary
REE Automotive Ltd. announced its fiscal year 2025 financial results, reporting a GAAP net loss of $55.8 million, a 50% decrease year-over-year, and a non-GAAP net loss of $57.7 million, an 18% decrease year-over-year. The company paused production and shifted to a software-led business model, implementing significant cost reductions including a 40% workforce reduction and decreasing production-related commitments from $42 million to $13 million. Cash and cash equivalents significantly declined to $14.2 million by year-end 2025, further dropping to $4.9 million by May 4, 2026, as the company evaluates strategic alternatives to maximize shareholder value.
Key Highlights
- Shifted to a software-led business model and paused production.
- Implemented a 40% workforce reduction by year-end 2025.
- Reduced GAAP net loss by 50% to $55.8 million for FY2025 (from $111.8M in 2024).
- Reduced non-GAAP net loss by 18% to $57.7 million for FY2025 (from $70.3M in 2024).
- Cash & cash equivalents were $14.2 million as of December 31, 2025, down from $54.3 million in 2024.
- Free Cash Flow (FCF) burn decreased by 2% to $75.0 million for FY2025 (from $76.5M in 2024).
- Reduced outstanding 2025 and future production-related commitments from $42 million to $13 million.
- Engaged TD Securities (USA) LLC to assist in strategic review process.
Price Impact
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