REE Automotive (REE Automotive) Pre-Tax Income : $-60.56 Mil (TTM As of Dec. 2023)

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What is REE Automotive Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. REE Automotive's pretax income for the three months ended in Dec. 2023 was $-36.43 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $-60.56 Mil. REE Automotive's pretax margin was -8,007.25%.

During the past 5 years, REE Automotive's highest Pretax Margin was -1790.75%. The lowest was -8400816.67%. And the median was -12319.43%.

REE Automotive Pre-Tax Income Historical Data

The historical data trend for REE Automotive's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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REE Automotive Pre-Tax Income Chart

REE Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

-12.20

-67.71

-504.05

-105.67

-115.57

REE Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Pre-Tax Income	Get a 7-Day Free Trial										-33.00	-27.18	-	-24.13	-36.43

Competitive Comparison of REE Automotive's Pre-Tax Income

For the Recreational Vehicles subindustry, REE Automotive's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

REE Automotive's Pre-Tax Income Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, REE Automotive's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where REE Automotive's Pre-Tax Income falls into.

REE Automotive Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

REE Automotive's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-119.892	+	-0.153	+	0	+	4.352	+	0.125
	=	-115.57

REE Automotive's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-37.17	+	0	+	0	+	0.765	+	-0.027999999999999
	=	-36.43

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-60.56 Mil.

REE Automotive (NAS:REE) Pre-Tax Income Explanation

REE Automotive's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	-36.433	/	0.455
	=	-8,007.25%

During the past 5 years, REE Automotive's highest Pretax Margin was -1790.75%. The lowest was -8400816.67%. And the median was -12319.43%.

REE Automotive Pre-Tax Income Related Terms

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REE Automotive (REE Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » REE Automotive Ltd (NAS:REE) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Glil-Yam, Herzliya, ISR, 4690500

Website

https://www.ree.auto

REE Automotive Ltd is a technology company whose mission is to be the cornerstone for zero-emission electric and autonomous vehicles. Company aims to empower the companies, such as original equipment manufacturers, or OEMs, delivery and logistics fleets, dealers, e-commerce retailers, new mobility players, Mobility-as-a-Service providers and autonomous drive companies, in the build-out of any size or shape of electric or autonomous vehicle - from Class 1 through Class 6, focusing primarily on Class 3 through 5 platform models on the P7 EV platform. Geographical preference in Israel, Germany, Norway, U.S, and Rest of the world.

Executives

David Weisburd	other: Member of Sponsor	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Hans Thomas	director	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007