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REE Automotive Announces First Half 2025 Earnings Results

GlobeNewswire Inc. • Dec 30, 2025 7:00am (New York) •By Ree Automotive Ltd.

REE Automotive Announces First Half 2025 Earnings Results

REE Automotive announced H1 2025 financial results showing a strategic shift from vehicle production to a technology-first approach focused on partnerships with OEMs. The company converted an MOU into a binding agreement worth up to $107 million with a leading technology company for autonomous shuttle development, signed an MOU with Mitsubishi Fuso for commercial vehicle SDV integration, and partnered with BorgWarner's Cascadia Motion for electric drive unit development. Despite reducing GAAP net loss 33% YoY to $24.3 million, the company faces cash burn challenges with FCF burn increasing 31% to $52.5 million, though management targets significant operating expense reductions from $6M to $1.8M monthly by Q1 2026.

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Insights

MSpE neutral

Mentioned only in shareholder notification context with no substantive details about their involvement

REE neutral

Mixed signals: positive developments include three major partnerships (binding agreement worth $107M, Mitsubishi Fuso MOU, BorgWarner collaboration) and improved GAAP net loss. However, concerning factors include 31% increase in FCF burn to $52.5M, cash position declining from $72.3M to $54.7M (and further to $17.2M by November), and heavy reliance on unmet closing conditions for the $107M agreement. The company's survival depends on successful execution of aggressive cost reduction plans and partnership commercialization.

Keywords

#software-defined vehicles #SDV technology #by-wire platforms #autonomous shuttle #electric drive units #strategic partnerships #cost reduction #cash burn #technology licensing

Tickers

REE BWA

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