REE Automotive posts HY 2025 cost of revenues of USD 14.5 million, up 9.0 times
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REE Automotive Ltd. reported its H1 2025 financial results, with revenues of USD 0.2 million and a cost of revenues of USD 14.5 million, leading to a gross loss of USD 14.3 million. R&D expenses were USD 30.0 million, and SG&A expenses totaled USD 11.5 million. The non-GAAP net loss increased by 8% to USD 36.5 million. The rise in losses was attributed to the previous year's UK R&D tax credit and grants. The company is focusing on advancing its software-defined vehicle technology and collaborating with OEMs and strategic partners.
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