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REE

REE Automotive Ltd.

REE

REE Automotive Ltd. • NASDAQ
$0.89 ▲ 10.47% (+0.08)
Market Cap $25.27 M
52w High $11.72
52w Low $0.53
Dividend Yield 0%
P/E -0.13
Volume 205.83K
Outstanding Shares 28.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $12K ▲ $19.931M ▲ $-37.296M ▲ -310.8K% ▲ $-2.34 ▲ $-50.643M ▼
Q3-2024 $11K ▲ $18.178M ▲ $-38.488M ▼ -349.891K% ▼ $-2.56 ▼ $-17.733M ▼
Q2-2024 $0 ▼ $14.994M ▼ $-10.787M ▲ 0% ▲ $-0.98 ▲ $-10.243M ▲
Q1-2024 $160K ▼ $21.715M ▼ $-25.183M ▲ -15.739K% ▼ $-2.28 ▲ $-22.359M ▲
Q4-2023 $455K $35.171M $-35.233M -7.744K% $-3.44 $-35.629M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $72.262M ▼ $130.28M ▼ $107.152M ▲ $23.128M ▼
Q3-2024 $88.798M ▲ $143.892M ▲ $86.185M ▲ $57.707M ▼
Q2-2024 $60.501M ▼ $116.922M ▼ $54.039M ▼ $62.883M ▼
Q1-2024 $77.492M ▼ $130.241M ▼ $59.904M ▲ $70.337M ▼
Q4-2023 $85.627M $137.9M $59.825M $78.075M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-37.296M ▲ $-14.477M ▲ $-4.708M ▼ $2.663M ▼ $-16.522M ▼ $-19.185M ▼
Q3-2024 $-38.488M ▼ $-16.476M ▲ $22.593M ▲ $46.422M ▲ $52.539M ▲ $-17.383M ▲
Q2-2024 $-10.787M ▲ $-16.807M ▲ $-1.051M ▼ $-8K ▼ $-17.866M ▼ $-17.858M ▲
Q1-2024 $-25.183M ▲ $-21.225M ▲ $19.135M ▲ $14.471M ▼ $12.38M ▲ $-22.09M ▲
Q4-2023 $-35.233M $-23.084M $6.318M $23.24M $6.474M $-23.476M

Five-Year Company Overview

Income Statement

Income Statement REE is still essentially pre-revenue. Over the past several years it has generated almost no sales, while consistently recording losses. The good news is that operating losses have been reduced meaningfully from the early post‑IPO years as the company has cut costs and shifted to a lighter business model. The bad news is that the business has not yet proven it can turn its technology into recurring revenue. Profitability remains entirely dependent on successfully scaling vehicle programs and licensing deals that have not yet shown up in the income statement.

Balance Sheet

Balance Sheet The balance sheet has been shrinking over time, with total assets and cash stepping down each year after an early peak. Shareholders’ equity has eroded and is now quite thin, reflecting accumulated losses and limited fresh capital. Debt, which was previously negligible, has started to appear, adding a layer of financial risk to what is already a fragile capital structure. Overall, the company has a lean asset base and a narrow cushion to absorb continued losses, so its financial flexibility looks constrained.

Cash Flow

Cash Flow Cash flow tells a clear story of a company still in the investment and validation phase. Operating cash flow has been consistently negative, as the company spends more on running and developing the business than it brings in. Free cash flow is also negative, although actual capital spending on physical assets is relatively modest thanks to the asset‑light strategy. The cash burn has moderated from earlier years but remains steady enough that, without a clear revenue ramp, the current cash balance is unlikely to sustain the business indefinitely. Future funding and tight cost control are ongoing watchpoints.

Competitive Edge

Competitive Edge REE’s competitive position is based on a very differentiated technology concept rather than on market share or scale, which it has not yet achieved. Its corner and flat‑platform architecture, along with drive‑by‑wire systems, give it a distinctive offering for commercial EVs and autonomous‑ready vehicles. Strong patent coverage and partnerships with well‑known automotive suppliers and OEMs add credibility and raise barriers for direct copycats. At the same time, the company is operating in an intensely competitive EV and commercial vehicle space, facing better‑capitalized rivals and customers who tend to be conservative about adopting new architectures. Execution risk in converting pilots and partnerships into large, recurring programs remains high.

Innovation and R&D

Innovation and R&D Innovation is clearly REE’s strength. Its modular corner technology, fully by‑wire control systems, and flat platforms are genuinely different from traditional vehicle designs. Regulatory certifications for its P7‑based products show that the technology is moving beyond the lab. The focus on software‑defined vehicles and licensing of x‑by‑wire systems gives it potential to become a technology supplier rather than a full vehicle manufacturer, which fits well with the capital‑light approach. The main challenge is not the ingenuity of the technology but the commercialization pace: turning prototypes, MOUs, and trials into high‑volume, profitable programs within a limited financial runway.

Summary

REE Automotive is a high‑innovation, high‑execution‑risk story. On the positive side, it has distinctive technology, strong intellectual property, credible strategic partners, and a business model that aims to be capital‑light rather than factory‑heavy. On the negative side, it has no meaningful revenue yet, a track record of ongoing losses, a shrinking balance sheet, and continuing cash burn. The company’s future hinges on its ability over the next few years to ramp production of its P7 platforms, convert partnerships into firm, scaled orders and licensing deals, and do so fast enough to improve its financial profile before its limited resources are stretched too far.

NEWS

November 25, 2025 · 6:00 AM UTC

Powermax Minerals Completes Phase 2 Fieldwork at the Cameron Rare Earth Element (REE) Project, British Columbia

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November 18, 2025 · 8:45 AM UTC

Metallium Secures Binding Exclusive Rights to Treat Heavy REE-Rich Harts Range Project Following Exceptional Upgrade of Raw Ore from the Project after Flash Joule Heating (FJH) Treatment

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November 18, 2025 · 7:00 AM UTC

REE Automotive and Mitsubishi Fuso Truck and Bus Corporation Sign MOU for Software-Defined Vehicle Technology

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November 17, 2025 · 8:35 AM UTC

Locksley Enters into Sponsored Research Agreement with Columbia University to Develop Advanced Sustainable Processing Technologies for Rare Earth Elements (REE) and Critical Metal Recovery

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November 11, 2025 · 5:45 PM UTC

REE Automotive Announces a Supplement to its Proxy Statement for its Special General Meeting of Shareholders to be held on November 13, 2025

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