Revenue remains stagnant at $3.6M per quarter while the company struggles with negative gross margins of -16.1%, indicating an inability to cover direct production costs.
| Sales/Revenue | 25.78M | 950K | 11.99M | 37.33M | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | 8745.45% | -92.08% | -67.87% | - | - | - | - | - | - |
| Cost of Goods Sold | 32.77M | 1.96M | 9.33M | 52.2M | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | 206.11% | 77.76% | 139.81% | - | - | - | - | - |
| Gross Profit | -6.99M | -1.01M | 2.67M | -14.86M | -749K | -16.15K | 0 | 0 | 0 |
| Gross Margin % | -27.1% | -106.11% | 22.24% | -39.81% | - | - | - | - | - |
| Gross Profit Growth % | - | -137.78% | 117.95% | -1884.51% | -4536.91% | - | - | - | - |
| Operating Expenses | 127.05M | 156.37M | 98.04M | 197.13M | 40.45M | 10.77M | 10.9M | 275.93K | 0 |
| OpEx % of Revenue | - | 16460.32% | 817.37% | 528.03% | - | - | - | - | - |
| Selling, General & Admin | 101.66M | 156.04M | 93.56M | 175.88M | 24.61M | 10.04M | 9.04M | 275.93K | 0 |
| SG&A % of Revenue | - | 16425.05% | 780.03% | 471.11% | - | - | - | - | - |
| Research & Development | 14.35M | 64K | 4.48M | 24.43M | 15.83M | 724.7K | 1.86M | 0 | 0 |
| R&D % of Revenue | - | 6.74% | 37.34% | 65.45% | - | - | - | - | - |
| Other Operating Expenses | -1K | 271K | 0 | 0 | -164K | 0 | 0 | 0 | 0 |
| Operating Income | -122.99M | -157.38M | -95.38M | -211.99M | -40.45M | -10.77M | -10.9M | -276K | 0 |
| Operating Margin % | -477% | -16566.42% | -795.13% | -567.85% | - | - | - | - | - |
| Operating Income Growth % | - | -65.01% | 55.01% | -424.14% | -275.68% | 1.26% | -3850.36% | - | - |
| EBITDA | -122.19M | -155.78M | -91.83M | -208.81M | -39.7M | -10.75M | -10.84M | -104.14K | 161.14K |
| EBITDA Margin % | -473.9% | -16397.79% | -765.6% | -559.32% | - | - | - | - | - |
| EBITDA Growth % | -113.5% | -69.63% | 56.02% | -426.01% | -269.28% | 0.85% | -10310.81% | -164.63% | - |
| D&A (Non-Cash Add-back) | 800K | 1.6M | 3.54M | 3.18M | 748.59K | 16.15K | 61.18K | 171.86K | 161.14K |
| EBIT | -122.99M | -157.38M | -170.03M | -233.45M | -41.05M | -11.09M | -10.9M | 551.05K | 0 |
| Net Interest Income | -16.92M | -9.8M | -38.83M | -33.25M | -36.77K | -1.98M | -1.33M | 826.97K | 0 |
| Interest Income | 0 | 21K | 0 | 0 | 0 | 0 | 0 | 826.97K | 0 |
| Interest Expense | 16.92M | 9.82M | 38.83M | 33.25M | 36.77K | 1.98M | 1.33M | 0 | 0 |
| Other Income/Expense | -43.04M | -10.19M | -77.35M | -54.7M | -415K | -2.3M | -1.75M | 826.98K | -14.83K |
| Pretax Income | -166.03M | -167.57M | -172.73M | -266.69M | -48.24M | -13.06M | -12.65M | 551.05K | -14.83K |
| Pretax Margin % | -643.93% | -17638.63% | -1439.98% | -714.37% | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 9 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | -0% | 0% | 0% | 0% | 0% |
| Net Income | -164.85M | -167.34M | -172.53M | -265.29M | -40.72M | -12.39M | -11.91M | 551.05K | -14.83K |
| Net Margin % | -639.35% | -17614.95% | -1438.39% | -710.62% | - | - | - | - | - |
| Net Income Growth % | -144% | 3.01% | 34.96% | -551.52% | -228.67% | -4% | -2261.71% | 3816.25% | - |
| Net Income (Continuing) | -166.03M | -167.57M | -172.73M | -266.69M | -41.25M | -13.06M | -12.65M | 551.05K | -14.83K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -4.29M | -4.33M | -3.97M | -3.82M | -2.57M | -2.95M | -12.62M | 0 | 0 |
| EPS (Diluted) | -11.28 | -10.59 | -11.80 | -18.40 | -3.40 | -1.03 | -0.83 | 0.04 | -0.00 |
| EPS Growth % | -75.23% | 10.25% | 35.87% | -441.18% | -229.46% | -23.74% | -2294.74% | - | - |
| EPS (Basic) | - | -10.59 | -11.80 | -18.40 | -3.40 | -1.03 | -0.83 | 0.04 | -0.00 |
| Diluted Shares Outstanding | 14.61M | 15.8M | 14.61M | 14.34M | 12.29M | 14.28M | 14.28M | 14.28M | 14.28M |
| Basic Shares Outstanding | 14.61M | 15.8M | 14.61M | 14.34M | 12.29M | 14.28M | 14.28M | 14.28M | 14.28M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Imminent liquidity and solvency risk
As reported in recent financial filings, Robo.ai's revenue trajectory remains highly erratic, characterized by a lack of consistent commercial output and significant quarterly fluctuations that suggest the company has yet to establish a repeatable, scalable business model within the competitive UAE electric vehicle market.
The extreme volatility in top-line figures, including periods of zero revenue, indicates that the company is currently reliant on sporadic project-based income rather than recurring vehicle sales. Investors should monitor whether the recent modest revenue stabilization in 2024 represents a genuine commercial inflection or merely the recognition of non-recurring prototype development fees.
Based on the provided income statement data, Robo.ai's gross margin profile has deteriorated into negative territory, with recent figures showing a -16.1% margin, highlighting the company's inability to cover direct production costs at its current, highly limited scale of manufacturing operations.
The persistent inability to achieve positive gross margins suggests that the company is currently absorbing significant manufacturing overheads that are not being offset by unit sales. This structural weakness implies that the current assembly model is not economically viable without a massive increase in production volume or a fundamental redesign of the cost structure.
According to historical income statements, Robo.ai maintains a rigid and disproportionately high cost structure, where SG&A expenses frequently dwarf revenue, indicating that the company's current operating model is heavily weighted toward administrative and development costs rather than revenue-generating activities.
The company's reliance on high fixed costs, particularly in SG&A, creates a significant hurdle for achieving operational break-even. Without a clear path to scaling revenue, the current expense discipline appears insufficient to prevent continued erosion of shareholder value through ongoing operating losses.
As evidenced by the consistent net losses and negative EPS, the quality of Robo.ai's earnings is currently non-existent, with the company's financial performance heavily impacted by high operating expenses and a lack of core profitability that necessitates frequent external capital infusions.
The discrepancy between operating losses and net losses warrants further investigation into non-operating items and potential financing costs that may be further pressuring the bottom line. Given the absence of positive earnings, the primary focus for analysts should remain on the company's cash burn rate and its ability to sustain operations without further dilutive equity raises.
Quick answers to the most common questions about buying AIIO stock.
For fiscal year 2025, Robo.ai Inc. (AIIO) reported total revenue of $0.9M.
Robo.ai Inc. (AIIO) reported a net loss of $167.3M for the fiscal year ending 2025.
Robo.ai Inc. (AIIO) reported an operating income of $-157.4M, resulting in an operating profit margin of -16566.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Robo.ai Inc. (AIIO) generated $-1.0M in gross profit for the year, representing a gross profit margin of -106.1%. This demonstrates the company's core pricing power and production efficiency.