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Nu Ride (NRDE) investor relations material
Nu Ride Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Emerged from Chapter 11 bankruptcy on March 14, 2024, with a new board and all prior employees terminated; current operations focus on claims administration, litigation, and regulatory compliance.
Assets primarily consist of cash, short-term investments, restricted investments, and litigation claims, with no ongoing revenue-generating business.
Foxconn Litigation and other retained causes of action are being actively pursued, with potential for value creation if successful.
Financial highlights
Net income of $0.5 million for the nine months ended September 30, 2025, compared to a net loss of $6.7 million for the same period in 2024.
Cash and cash equivalents of $18.2 million, short-term investments of $6.9 million, and restricted short-term investments of $22.7 million as of September 30, 2025.
Selling, general, and administrative expenses decreased to $4.8 million for the nine months ended September 30, 2025, from $9.0 million in the prior year period.
Legal settlement and litigation benefits of $3.1 million for the nine months ended September 30, 2025, reflecting claim settlements.
Outlook and guidance
Management believes sufficient working capital exists to meet needs through one year from filing, but future operations depend on litigation outcomes and claim resolutions.
No guidance provided for future revenue or profitability; focus remains on maximizing value from litigation and asset claims.
- TimeTickerHeadlineOpen
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Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
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