Financial Statements — REE
Balance Sheet
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Cash & Equivalents | 0.01 | 0.07 | 0.04 | 0.06 | 0.28 |
| Short-term Investments | -- | -- | -- | -- | 0.00 |
| Accounts Receivable | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Inventory | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Total Current Assets | 0.01 | 0.08 | 0.09 | 0.17 | 0.29 |
| Property, Plant & Equipment | 0.00 | 0.02 | 0.02 | 0.02 | 0.00 |
| Total Non-current Assets | 0.02 | 0.05 | 0.04 | 0.05 | 0.00 |
| Total Assets | 0.04 | 0.13 | 0.14 | 0.22 | 0.29 |
| Short-term Debt | 0.00 | 0.02 | 0.02 | -- | -- |
| Total Current Liabilities | 0.01 | 0.04 | 0.04 | 0.02 | 0.02 |
| Total Non-current Liabilities | 0.02 | 0.07 | 0.02 | 0.02 | 0.02 |
| Total Liabilities | 0.03 | 0.11 | 0.06 | 0.04 | 0.04 |
| Retained Earnings | (1.00) | (0.95) | (0.84) | (0.72) | (0.61) |
| Total Stockholder Equity | 0.01 | 0.02 | 0.08 | 0.18 | 0.25 |
Income Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Total Revenue | 1.30 | 0.18 | 1.61 | 0.00 | 0.01 |
| Cost of Revenue | 17.57 | 3.68 | 3.27 | 0.55 | 1.00 |
| Gross Profit | (16.27) | (3.50) | (1.66) | (0.55) | (0.99) |
| Research & Development | 45.43 | 49.46 | 82.66 | 78.22 | 252.42 |
| Selling, General & Admin | 19.99 | 26.17 | 35.57 | 49.20 | 262.08 |
| Total Operating Expenses | 90.14 | 75.63 | 118.23 | 127.43 | 514.51 |
| Operating Income | (106.41) | (79.13) | (119.89) | (127.97) | (515.50) |
| Pretax Income | (57.80) | (109.69) | (115.57) | (105.67) | (504.05) |
| Tax Provision | (1.99) | 2.06 | (1.36) | 1.75 | 1.28 |
| Net Income | (55.81) | (111.75) | (114.21) | (107.42) | (505.33) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Operating Cash Flow | (68.71) | (68.98) | (89.27) | (112.58) | (59.14) |
| Capital Expenditures | 6.31 | 7.53 | 3.75 | 11.06 | 2.42 |
| Free Cash Flow* | (75.01) | (76.52) | (93.02) | (123.64) | (61.55) |
| Investing Cash Flow | (6.20) | 35.97 | 49.62 | (106.83) | (0.75) |
| Financing Cash Flow | 16.36 | 63.55 | 23.97 | 2.43 | 291.30 |
* Derived from reported values
