REE Automotive Ltd. reported its financial results for the first half (H1) of 2025. The company recorded revenues of USD 0.2 million for the period. Cost of revenues totaled USD 14.5 million, resulting in a gross loss of USD 14.3 million. Research and development expenses, net, were USD 30.0 million, while selling, general and administrative expenses amounted to USD 11.5 million. Non-GAAP net loss increased by 8 percent to USD 36.5 million for the six months ended June 30, 2025. The company indicated that the year-on-year increase was primarily driven by the recognition of a UK R&D tax credit and grants from the UK government in the first half of the previous year. REE Automotive Ltd. continues to focus on advancing its software-defined vehicle technology and has shifted toward a technology-first approach, prioritizing collaborations with original equipment manufacturers and strategic partners.

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