Nu Ride Financials

NRDE

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Nu Ride (NRDE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

2/9

Nu Ride passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Low Quality

4.31x

For every $1 of reported earnings, Nu Ride generates $4.31 in operating cash flow (-$35.1M OCF vs -$8.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$8.1M

YoY+97.6%

Nu Ride reported -$8.1M in net income in fiscal year 2024. This represents an increase of 97.6% from the prior year.

EPS (Diluted)

$-0.67

YoY+96.9%

Nu Ride earned $-0.67 per diluted share (EPS) in fiscal year 2024. This represents an increase of 96.9% from the prior year.

Cash & Debt

$23.1M

YoY-73.5%

5Y CAGR+60.6%

Nu Ride held $23.1M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NRDE Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	$2.3M+1106.2%	$194K	N/A	N/A	N/A
Cost of Revenue	N/A	$91.5M+204.9%	$30.0M	N/A	N/A	N/A
Gross Profit	N/A	-$89.2M-199.1%	-$29.8M	N/A	N/A	N/A
R&D Expenses	N/A	$33.3M-69.1%	$107.8M-62.0%	$284.0M+300.2%	$71.0M	N/A
SG&A Expenses	$12.9M-76.3%	$54.4M	N/A	N/A	N/A	$619K
Operating Income	-$10.9M+96.9%	-$348.9M+9.9%	-$387.3M+3.3%	-$400.5M-291.5%	-$102.3M-16434.4%	-$619K
Interest Expense	N/A	N/A	N/A	N/A	$703K	N/A
Income Tax	N/A	$0	$0	$0	$0	$0
Net Income	-$8.1M+97.6%	-$343.1M-21.5%	-$282.4M+31.2%	-$410.4M-230.8%	-$124.0M-4212.8%	$3.0M
EPS (Diluted)	$-0.67+96.9%	$-21.67-6.6%	$-20.32	$-2.27-77.3%	$-1.28	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	N/A	N/A	N/A	N/A	N/A	$2.2M+1038.1%	$189K	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$60.7M+97.1%	$30.8M	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	-$58.6M-91.3%	-$30.6M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	$5.7M-53.5%	$12.3M-14.7%	$14.4M	N/A
SG&A Expenses	$1.2M-27.2%	$1.7M-13.2%	$1.9M	N/A	N/A	N/A	N/A	N/A
Operating Income	$417K+216.8%	-$357K+79.8%	-$1.8M	N/A	-$17.5M+88.6%	-$153.6M+11.8%	-$174.2M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$955K+28.7%	$742K+161.3%	-$1.2M	N/A	-$16.5M+89.3%	-$154.5M+10.0%	-$171.7M	N/A
EPS (Diluted)	$0.01-80.0%	$0.05+141.7%	$-0.12	N/A	$-1.03+89.4%	$-9.69+9.5%	$-10.71	N/A

NRDE Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$53.2M-42.3%	$92.2M-79.6%	$452.3M-34.3%	$688.8M-10.2%	$767.2M+2187.1%	$33.5M
Current Assets	$53.2M-42.3%	$92.1M-64.0%	$255.9M-12.1%	$291.1M-55.5%	$654.4M+30212.4%	$2.2M
Cash & Equivalents	$23.1M-73.5%	$87.1M-28.2%	$121.4M-50.3%	$244.0M-61.3%	$629.8M+29069.1%	$2.2M
Inventory	N/A	N/A	$13.7M	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$21K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$46.4M-41.0%	$78.6M+11.9%	$70.3M-52.9%	$149.2M+9.3%	$136.5M+446.1%	$25.0M
Current Liabilities	$1.1M-93.1%	$15.4M-77.6%	$68.8M-53.4%	$147.6M+333.2%	$34.1M+36.4%	$25.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6.8M-50.0%	$13.5M-96.1%	$351.8M-34.8%	$539.6M-14.4%	$630.7M+7271.9%	$8.6M
Retained Earnings	-$1.2B-0.7%	-$1.2B-41.5%	-$827.2M-51.8%	-$544.8M-305.2%	-$134.4M-1193.8%	-$10.4M

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$48.6M-2.1%	$49.7M-3.5%	$51.5M-44.1%	$92.2M-14.6%	$108.0M-33.8%	$163.1M-40.1%	$272.4M-39.8%	$452.3M
Current Assets	$48.6M-2.1%	$49.7M-3.5%	$51.5M-44.1%	$92.1M-8.6%	$100.8M-34.7%	$154.4M-19.6%	$192.0M-24.9%	$255.9M
Cash & Equivalents	$18.2M-32.0%	$26.8M-4.3%	$28.0M-67.8%	$87.1M-7.0%	$93.7M-19.1%	$115.7M+7.1%	$108.1M-10.9%	$121.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	$6.3M-53.6%	$13.7M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$43.8M-3.1%	$45.3M-2.9%	$46.6M-40.7%	$78.6M-16.6%	$94.3M-8.1%	$102.6M+71.8%	$59.7M-15.0%	$70.3M
Current Liabilities	$977K+16.7%	$837K-2.7%	$860K-94.4%	$15.4M-31.8%	$22.6M+33.9%	$16.9M-71.3%	$58.8M-14.5%	$68.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.8M+7.8%	$4.4M-9.6%	$4.9M-63.9%	$13.5M-1.0%	$13.7M-52.7%	$29.0M-84.1%	$181.8M-48.3%	$351.8M
Retained Earnings	-$1.2B+0.1%	-$1.2B+0.1%	-$1.2B-0.8%	-$1.2B0.0%	-$1.2B-1.4%	-$1.2B-15.5%	-$998.9M-20.8%	-$827.2M

NRDE Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$35.1M+74.4%	-$137.2M+35.8%	-$213.8M+44.9%	-$388.0M-289.6%	-$99.6M-7046.6%	-$1.4M
Capital Expenditures	N/A	$10.2M-81.4%	$54.6M-80.8%	$284.5M+440.4%	$52.6M	N/A
Free Cash Flow	N/A	-$147.3M+45.1%	-$268.3M+60.1%	-$672.5M-341.7%	-$152.2M	N/A
Investing Cash Flow	-$28.8M-128.0%	$102.9M+189.6%	-$114.9M+59.8%	-$285.5M-468.2%	-$50.2M+82.0%	-$279.0M
Financing Cash Flow	-$106K	N/A	$206.0M-28.4%	$287.8M-63.0%	$777.4M+176.2%	$281.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	-$1.7M+22.1%	-$2.1M-16.3%	-$1.8M+89.3%	-$17.2M+61.3%	-$44.3M-17.9%	-$37.6M+1.4%	-$38.1M+10.8%	-$42.7M
Capital Expenditures	N/A	N/A	N/A	$0+100.0%	-$36K-101.6%	$2.2M-71.8%	$7.9M+98.5%	$4.0M
Free Cash Flow	N/A	N/A	N/A	-$17.2M+61.3%	-$44.4M-11.4%	-$39.8M+13.6%	-$46.1M+1.5%	-$46.7M
Investing Cash Flow	-$9.6M-2442.1%	$411K-95.9%	$10.0M-5.7%	$10.6M-52.3%	$22.2M-50.8%	$45.2M+82.0%	$24.8M+161.6%	-$40.4M
Financing Cash Flow	$0	$0+100.0%	-$106K	N/A	N/A	N/A	N/A	$50.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NRDE Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	-3812.4%+11563.4pp	-15375.8%	N/A	N/A	N/A
Operating Margin	N/A	-14910.2%+184731.1pp	-199641.2%	N/A	N/A	N/A
Net Margin	N/A	-14660.9%+130908.1pp	-145569.1%	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	35.3%
Return on Assets	-15.3%+356.9pp	-372.2%-309.8pp	-62.4%-2.9pp	-59.6%-43.4pp	-16.2%-25.2pp	9.0%
Current Ratio	49.98+44.0	5.98+2.3	3.72+1.7	1.97-17.2	19.21+19.1	0.09
Debt-to-Equity	6.84+1.0	5.80+5.6	0.20-0.1	0.28+0.1	0.22-2.7	2.92
FCF Margin	N/A	-6295.6%+132019.3pp	-138315.0%	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	-2723.8%+13478.4pp	-16202.1%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	-7141.8%+85013.8pp	-92155.6%	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	-7182.3%+83674.3pp	-90856.6%	N/A
Return on Equity	20.0%+3.3pp	16.8%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	2.0%+0.5pp	1.5%+3.8pp	-2.4%	N/A	-15.3%+79.4pp	-94.7%-31.7pp	-63.0%	N/A
Current Ratio	49.76-9.6	59.36-0.5	59.88+53.9	5.98+1.5	4.46-4.7	9.16+5.9	3.26-0.5	3.72
Debt-to-Equity	9.19-1.0	10.23+0.7	9.52+3.7	5.80-1.1	6.89+3.3	3.54+3.2	0.33+0.1	0.20
FCF Margin	N/A	N/A	N/A	N/A	N/A	-1851.0%+22521.4pp	-24372.5%	N/A

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Frequently Asked Questions

Is Nu Ride profitable?

No, Nu Ride (NRDE) reported a net income of -$8.1M in fiscal year 2024.

What is Nu Ride's earnings per share (EPS)?

Nu Ride (NRDE) reported diluted earnings per share of $-0.67 for fiscal year 2024. This represents a 96.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Nu Ride's operating cash flow?

Nu Ride (NRDE) generated -$35.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Nu Ride's total assets?

Nu Ride (NRDE) had $53.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What is Nu Ride's current ratio?

Nu Ride (NRDE) had a current ratio of 49.98 as of fiscal year 2024, which is generally considered healthy.

What is Nu Ride's debt-to-equity ratio?

Nu Ride (NRDE) had a debt-to-equity ratio of 6.84 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nu Ride's return on assets (ROA)?

Nu Ride (NRDE) had a return on assets of -15.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Nu Ride's cash runway?

Based on fiscal year 2024 data, Nu Ride (NRDE) had $23.1M in cash against an annual operating cash burn of $35.1M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Nu Ride's Piotroski F-Score?

Nu Ride (NRDE) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Nu Ride's earnings high quality?

Nu Ride (NRDE) has an earnings quality ratio of 4.31x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.