Nu Ride Inc.

Nu Ride Inc. (NRDE) reported a net loss of $0.6 million for FY 2025, a significant improvement from a net loss of $8.1 million in FY 2024. The company emerged from Chapter 11 bankruptcy on March 14, 2024, and its current operations focus on resolving bankruptcy claims, prosecuting the Foxconn Litigation, and exploring strategic alternatives. Total operating expenses decreased to $3.8 million from $10.9 million year-over-year, primarily due to lower selling, general and administrative expenses ($6.8 million vs. $12.9 million) and a legal settlement benefit of $3.0 million. The company ended the year with $34.4 million in cash and cash equivalents, total assets of $47.0 million, and an accumulated deficit of $1.2 billion. Management believes the company has sufficient working capital for at least one year from the filing date.

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