Mullen Automotive Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Mar '25 Mar 31, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	Sep '20 Sep 30, 2020	2019
Revenue	8.93	1.09	0.37	-	-	-	Upgrade
Revenue Growth (YoY)	2136.62%	199.00%	-	-	-	-	Upgrade
Cost of Revenue	30.47	16.89	0.27	0.39	0.24	0.06	Upgrade
Gross Profit	-21.53	-15.8	0.09	-0.39	-0.24	-0.06	Upgrade
Selling, General & Admin	168.67	181.95	215.85	74.95	19.15	10.37	Upgrade
Research & Development	56.34	74.89	77.39	21.65	3.01	1.67	Upgrade
Operating Expenses	225.01	256.84	293.23	96.6	22.16	12.04	Upgrade
Operating Income	-246.54	-272.64	-293.14	-96.99	-22.4	-12.09	Upgrade
Interest Expense	-75.05	-49.38	-4.99	-26.95	-21.17	-18.09	Upgrade
Other Non Operating Income (Expenses)	-1.57	-67.34	-629.02	-612.87	-1.56	0.01	Upgrade
EBT Excluding Unusual Items	-380.94	-389.36	-927.16	-736.81	-45.13	-30.18	Upgrade
Impairment of Goodwill	-1.22	-30.06	-63.99	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	-0.14	-0.51	0.39	-0.05	-	-	Upgrade
Asset Writedown	-24.52	-89.13	-20.64	-	-	-	Upgrade
Other Unusual Items	0.86	-0.66	-6.25	-3.46	0.89	-	Upgrade
Pretax Income	-443.15	-509.72	-1,018	-740.32	-44.24	-30.18	Upgrade
Income Tax Expense	0	-3.89	-10.99	0	0	-	Upgrade
Earnings From Continuing Operations	-443.15	-505.83	-1,007	-740.32	-44.24	-30.18	Upgrade
Minority Interest in Earnings	17.95	48.77	34.4	0.79	-	-	Upgrade
Net Income	-425.2	-457.06	-972.25	-739.53	-44.24	-30.18	Upgrade
Preferred Dividends & Other Adjustments	13.91	13.9	-7.36	40.52	-	-	Upgrade
Net Income to Common	-439.11	-470.96	-964.89	-780.05	-44.24	-30.18	Upgrade
Free Cash Flow	-131.81	-200.3	-286.6	-82.9	-17.57	-11.05	Upgrade
Gross Margin	-241.11%	-	25.17%	-	-	-	Upgrade
Operating Margin	-2760.35%	-24913.76%	-80093.26%	-	-	-	Upgrade
Profit Margin	-4916.31%	-43036.85%	-263632.29%	-	-	-	Upgrade
Free Cash Flow Margin	-1475.76%	-18303.89%	-78305.21%	-	-	-	Upgrade
EBITDA	-229.35	-250.65	-276.75	-93.71	-21.68	-11.37	Upgrade
D&A For EBITDA	17.19	21.98	16.39	3.28	0.72	0.73	Upgrade
EBIT	-246.54	-272.64	-293.14	-96.99	-22.4	-12.09	Upgrade
Advertising Expenses	-	17.3	8.4	4.41	0.41	0.16	Upgrade

Updated May 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q