REE Automotive Ltd.

Listed Company

REECIK 0001843588NasdaqNon-AcceleratedEmerging GrowthMotor Vehicles & Passenger Car BodiesL3IL

Period

FY 2024

Revenue

$183.0K

Net Income

$-111.75M

Total Assets

$130.28M

Equity

$23.13M

Shares Out

11.23M

Op. Cash Flow

$-68.98M

Business

REE Automotive Ltd. is an automobile technology company that develops and produces software-defined vehicle (SDV) technology, combining proprietary software, electrical hardware and X-by-wire REEcorner modules to control vehicle operations. Its main products and services include the P7 commercial electric truck lineup, REEcorner modules, a Gen4 zonal SoC, REEai Cloud data and analytics (SaaS), stripped chassis and OTA software/update capabilities, and licensing of its SDV stack. The company operates through vehicle production partnerships and a technology-licensing model across product and software segments. It targets North American commercial fleet customers via an authorized dealer network and partners with OEMs, contract manufacturers and global suppliers for distribution and integration.

Summary from filing dated 2025-05-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Revenues	1	183,000	2
Cost of revenues	18	4	3
Gross loss	−16	−3	−2
Operating expenses:	—	—	—
Research and development expenses, net	45	49	83
Selling, general and administrative expenses	20	26	36
Other expenses	25	0	0
Total operating expenses	90	76	118
Operating loss	−106	−79	−120
Income (Loss) from warrants remeasurement	−38	23	−396,000
Financial income (expenses), net	11	−8	4
Net loss before income tax	−58	−110	−116
Taxes on income (tax benefit)	−2	2	−1
Net loss	−56	−112	−114
Net comprehensive loss	−56	−112	−114
Basic net loss per share (in USD per share)	−1.74	−7.01	−11.32
Diluted net loss per share (in USD per share)	−1.74	−7.01	−11.32
Weighted average number of ordinary shares used in computing basic net loss per share (in shares)	32	16	10
Weighted average number of ordinary shares used in computing diluted net loss per share (in shares)	32	16	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
ASSETS	—	—
CURRENT ASSETS:	—	—
Cash and cash equivalents	14	72
Accounts receivable	24,000	11,000
Inventory	0	3
Other accounts receivable and prepaid expenses	691,000	7
Total current assets	15	83
NON-CURRENT ASSETS:	—	—
Non-current restricted cash	2	3
Other accounts receivable and prepaid expenses	2	3
Operating lease right-of-use assets	15	20
Property and equipment, net	4	22
Total non-current assets	23	48
TOTAL ASSETS	38	130
LIABILITIES AND SHAREHOLDERS’ EQUITY	—	—
CURRENT LIABILITIES:	—	—
Short term loan	0	18
Trade payables	2	6
Other accounts payable and accrued expenses	7	8
Operating lease liabilities	4	5
Total current liabilities	13	36
NON-CURRENT LIABILITIES:	—	—
Warrants liability	3	41
Convertible promissory notes	5	15
Deferred tax liability	0	2
Operating lease liabilities	11	13
Total non-current liabilities	19	71
TOTAL LIABILITIES	31	107
Commitments and Contingent Liabilities	—	—
SHAREHOLDERS’ EQUITY:	—	—
Ordinary share	0	0
Additional paid-in capital	1,010	971
Accumulated deficit	−1,004	−948
Total shareholders’ equity	7	23
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	38	130

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Cash flows from operating activities:	—	—	—
Net loss	−56	−112	−114
Adjustments to reconcile net loss to net cash used in operating activities:	—	—	—
Depreciation	3	3	2
Accretion income on short-term investments	0	0	−731,000
Share-based compensation	5	10	16
Change in fair value of warrants liability	−38	23	−396,000
Change in fair value of derivative liability	12	−9	240,000
Amortization of discount of convertible promissory note	883,000	476,000	30,000
Interest expenses	932,000	872,000	81,000
Decrease (increase) in accrued interest on short-term investments	0	−895,000	169,000
Decrease (increase) in inventory	−3	3	463,000
Decrease (increase) in accounts receivable	13,000	−444,000	455,000
Decrease (increase) in other accounts receivable and prepaid expenses	−5	419,000	−5
Change in operating lease right-of-use assets and liabilities, net	−1	−390,000	−2
Increase (decrease) in trade payables	−4	2	−901,000
Increase (decrease) in other accounts payable and accrued expenses	−1	−5	3
Increase (decrease) in deferred tax liability	2	−2	0
Decrease in deferred revenue	0	0	−943,000
Impairment of long-lived assets	25	0	0
Loss from property and equipment sales and disposals	−9,000	−132,000	−137,000
Net cash used in operating activities	−69	−69	−89
Cash flows from investing activities:	—	—	—
Purchase of property and equipment	6	8	4
Proceeds from sale of property and equipment	100,000	0	0
Purchases of short-term investments	0	0	94
Proceeds from short-term investments	0	44	148
Net cash provided by (used in) investing activities	−6	36	50
Cash flows from financing activities:	—	—	—
Proceeds from issuance of Ordinary Shares, net	34	46	467,000
Proceeds from exercise of options and warrants	1,000	13,000	129,000
Repayment of short term loan	18	15	0
Proceeds from short term loan	0	18	15
Proceeds from issuance of warrants	0	15	4
Proceeds from bifurcated embedded derivatives	0	0	4
Proceeds from convertible note	0	0	563,000
Net cash provided by financing activities	16	64	24
Increase (Decrease) in cash, cash equivalents and restricted cash	−59	31	−16
Total cash, cash equivalents and restricted cash	—	—	—
Total cash, cash equivalents and restricted cash	—	—	—
Non-cash activity:	—	—	—
Purchase of property and equipment in trade payables and other accounts payable and accrued expenses	1	48,000	54,000
Conversion of convertible notes	0	550,000	0
Derecognition of ROU assets and lease liabilities due to lease reassessment	1	0	0
Share settlement of employee liability	0	1	0
Right-of-use assets obtained in exchange for lease liabilities	343,000	2	1
Transfer from inventory to property and equipment, net	0	800,000	0
Prepaid purchases classified as property and equipment	2	0	0
Supplemental disclosure of cash flows information:	—	—	—
Cash paid for income taxes	79,000	358,000	995,000
Interest paid	27,000	51,000	0
Reconciliation of cash, cash equivalents and restricted cash:	—	—	—
Cash and cash equivalents	—	—	—
Non-current restricted cash	—	—	—
Total cash, cash equivalents and restricted cash	—	—	—

Filings

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