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REE (REE Automotive) Pre-Tax Income : $-109.61 Mil (TTM As of Sep. 2024)


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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 Sep. 2024 was $-38.50 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2024 was $-109.61 Mil. REE Automotive's pretax margin was -350,000.00%.

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 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.13 -36.43 -23.75 -10.93 -38.50

Competitive Comparison of REE Automotive's Pre-Tax Income

For the Auto Parts 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.


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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 Sep. 2024 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-18.521+-14.4+-5.579+0+0
=-38.50

Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-109.61 Mil.

* 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.


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

REE Automotive's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=-38.5/0.011
=-350,000.00%

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%.

* 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.


REE Automotive Pre-Tax Income Related Terms

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REE Automotive Business Description

Traded in Other Exchanges
N/A
Address
Kibbutz Glil-Yam, Herzliya, ISR, 4690500
REE Automotive Ltd is an automotive technology company focused on building commercial electric vehicles controlled fully by-wire. The company is developing REEcorner technology which packs critical vehicle components into a single compact module positioned between the chassis and the wheel as well as building commercial Electric Vehicles (EV) leveraging REEcorner technology. The company has geographical preference in Israel, Germany, United States, United Kingdom, and other regions.
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