REE Automotive Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-100.1	-111.75	-114.21	-107.42	-505.33	-67.71
Depreciation & Amortization	3.57	3.18	2.26	1.68	0.48	0.17
Other Amortization	0.66	0.48	0.03	-	-	-
Stock-Based Compensation	6.72	9.59	16.28	26.89	448.08	52.76
Other Operating Activities	-14.08	32.9	-1.15	-18.56	-8.01	0.02
Change in Accounts Receivable	-0.05	0.44	-0.46	-	0.06	-0.02
Change in Inventory	1.25	-3.41	-0.46	-	0.27	0.11
Change in Accounts Payable	-2.03	1.91	-0.9	-1.11	3.78	0.37
Change in Unearned Revenue	-	-	-0.94	-	0.94	-0.01
Change in Other Net Operating Assets	5.61	-4.09	10.28	-14.07	0.59	1.26
Operating Cash Flow	-78.81	-68.99	-89.27	-112.59	-59.14	-13.06
Capital Expenditures	-10.23	-7.53	-3.75	-11.06	-2.42	-0.6
Investment in Securities	23.5	43.5	53.36	-95.78	1.67	-1.67
Investing Cash Flow	13.27	35.97	49.62	-106.84	-0.75	-2.26
Short-Term Debt Issued	-	18	15	-	-	-
Long-Term Debt Issued	-	-	0.56	-	-	-
Total Debt Issued	21	18	15.56	-	-	-
Short-Term Debt Repaid	-	-15	-	-	-	-
Total Debt Repaid	-18	-15	-	-	-	-
Net Debt Issued (Repaid)	3	3	15.56	-	-	-
Issuance of Common Stock	65.45	45.55	0.6	2.43	0.81	26.03
Other Financing Activities	15	15	7.81	-	287.58	-
Financing Cash Flow	83.45	63.55	23.97	2.43	291.3	33.12
Net Cash Flow	17.91	30.53	-15.69	-216.99	231.41	17.8
Free Cash Flow	-89.04	-76.52	-93.02	-123.64	-61.55	-13.66
Free Cash Flow Margin	-43012.56%	-41812.02%	-5784.70%	-	-1025900.00%	-3519.85%
Free Cash Flow Per Share	-3.56	-4.80	-9.22	-12.64	-7.84	-2.63
Cash Interest Paid	0.03	0.05	-	-	-	-
Cash Income Tax Paid	0.37	0.36	1	0.59	-	-
Levered Free Cash Flow	-53.15	-50.87	-55.53	-65.49	130.54	11.28
Unlevered Free Cash Flow	-53.23	-50.77	-55.51	-65.49	130.54	11.28
Change in Working Capital	4.33	-3.37	7.52	-15.18	5.64	1.7

Updated Dec 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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