FREYR Battery (FREY)

Name: FREYR Battery Financial Statements
Creator: Quarter Results

Industrials | Electrical Equipment Parts

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$178M

Net Income

-$20.4M

Operating Margin

-12.7%

Free Cash Flow

-$154M

Debt / Assets

85.9%

Values are in USD and rounded to the nearest whole number unless noted.

Swipe horizontally to view all columns.

Income statement quarterly history for FREYR Battery (FREY).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	177,647,000	0	2,942,000	0
Cost of Revenue	148,563,000	0	-3,319,000	0
Gross Profit	29,084,000	28,976,000	6,261,000	0
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	51,589,000	52,587,000	14,105,000	18,515,000
Operating Expenses	51,589,000	52,587,000	-20,163,000	31,788,000
Operating Income	-22,505,000	-23,611,000	-30,155,000	-31,788,000
Interest Expense	6,164,000	-9,853,000	234,000	0
Income Before Tax	3,680,000	-6,648,000	-46,557,000	-27,556,000
Income Tax Expense	-222,000	10,482,000	-15,771,000	0
Net Income	-20,419,000	-17,130,000	-367,147,000	-27,475,000
Per Share
EPS	-0.12	-0.11	-2.59	-0.20
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for FREYR Battery (FREY).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	755,295,000	2,942,000	0	0	0
Cost of Revenue	699,714,000	1,714,000	4,695,000	478,000	0
Gross Profit	55,581,000	1,228,000	-4,695,000	-478,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	235,316,000	75,491,000	108,133,000	107,357,000	61,635,000
Operating Expenses	235,316,000	75,491,000	142,985,000	120,931,000	75,571,000
Operating Income	-179,735,000	-74,263,000	-142,985,000	-122,488,000	-75,633,000
Interest Expense	37,093,000	0	0	1,780,000	3,000
Income Before Tax	-340,730,000	-80,400,000	-72,426,000	-99,119,000	-93,378,000
Income Tax Expense	-19,372,000	-15,760,000	670,000	-22,140,000	0
Net Income	-367,834,000	-450,239,000	-71,945,000	-76,979,000	-93,378,000
Per Share
EPS	-2.19	-0.98	-0.51	-0.65	-1.24
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for FREYR Battery (FREY).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	72,641,000	253,339,000	443,063,000	563,956,000
Short Term Investments	0	23,893,000	0	0
Net Receivables	0	0	0	0
Inventory	274,549,000	0	0	0
Total Current Assets	583,170,000	311,954,000	579,455,000	582,791,000
Property Plant Equipment	396,268,000	390,833,000	225,315,000	21,062,000
Goodwill and Intangibles	356,408,000	2,813,000	2,963,000	0
Total Assets	1,335,846,000	732,185,000	827,698,000	627,033,000
Liabilities
Account Payables	61,708,000	18,113,000	6,765,000	7,129,000
Short Term Debt	103,681,000	3,382,000	3,257,000	0
Total Current Liabilities	414,024,000	49,184,000	62,578,000	25,797,000
Long Term Debt	609,697,000	18,816,000	11,144,000	0
Total Liabilities	1,147,084,000	97,469,000	107,571,000	81,548,000
Shareholders Equity
Retained Earnings	-725,238,000	-274,999,000	-203,054,000	-104,263,000
Total Shareholders Equity	237,137,000	633,195,000	717,455,000	545,485,000

Balance sheet annual history for FREYR Battery (FREY).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	72,641,000	253,339,000	443,063,000	563,956,000	14,749,000
Short Term Investments	0	23,893,000	0	0	0
Net Receivables	0	0	0	0	0
Inventory	274,549,000	0	0	0	0
Total Current Assets	583,170,000	311,954,000	579,455,000	582,791,000	15,851,000
Property Plant Equipment	396,268,000	390,833,000	225,315,000	21,062,000	80,000
Goodwill and Intangibles	356,408,000	2,813,000	2,963,000	0	0
Total Assets	1,335,846,000	732,185,000	827,698,000	627,033,000	15,931,000
Liabilities
Account Payables	61,708,000	18,113,000	6,765,000	7,129,000	1,210,000
Short Term Debt	103,681,000	3,382,000	3,257,000	0	0
Total Current Liabilities	414,024,000	49,184,000	62,578,000	25,797,000	10,937,000
Long Term Debt	609,697,000	18,816,000	11,144,000	0	0
Total Liabilities	1,147,084,000	97,469,000	107,571,000	81,548,000	10,975,000
Shareholders Equity
Retained Earnings	-725,238,000	-274,999,000	-203,054,000	-104,263,000	-10,885,000
Total Shareholders Equity	237,137,000	633,195,000	717,455,000	545,485,000	4,956,000

Cash flow quarterly history for FREYR Battery (FREY).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-450,554,000	-71,945,000	-99,119,000	-93,378,000
Depreciation & Amortization	10,455,000	3,344,000	478,000	120,000
Stock Based Compensation	7,751,000	11,595,000	8,643,000	14,818,000
Change in Working Capital	-314,000	475,000	12,127,000	-6,486,000
Operating Cash Flow	-102,817,000	-87,929,000	-90,009,000	-63,136,000
Investing Activities
Capital Expenditure	-50,830,000	-187,823,000	-180,787,000	-13,775,000
Investments	-50,830,000	-187,823,000	-180,787,000	-13,775,000
Investing Cash Flow	-137,731,000	-186,978,000	-175,026,000	-33,787,000
Financing Activities
Debt Repayment	0	0	0	0
Common Stock Issued/Repurchased	50,000,000	0	250,072,000	0
Dividends Paid	0	0	0	0
Financing Cash Flow	45,870,000	274,632,093	250,072,000	649,000,000
Summary
Free Cash Flow	-153,647,000	-275,752,000	-270,796,000	-76,911,000
Net Change in Cash	-199,097,000	-287,303,000	-2,582,000	550,682,000

Cash flow annual history for FREYR Battery (FREY).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-450,554,000	-71,945,000	-99,119,000	-93,378,000	-9,605,000
Depreciation & Amortization	10,455,000	3,344,000	478,000	120,000	15,000
Stock Based Compensation	7,751,000	11,595,000	8,643,000	14,818,000	535,000
Change in Working Capital	-314,000	475,000	12,127,000	-6,486,000	969,000
Operating Cash Flow	-102,817,000	-87,929,000	-90,009,000	-63,136,000	-7,336,000
Investing Activities
Capital Expenditure	-50,830,000	-187,823,000	-180,787,000	-13,775,000	-71,000
Investments	-50,830,000	-187,823,000	-180,787,000	-13,775,000	-71,000
Investing Cash Flow	-137,731,000	-186,978,000	-175,026,000	-33,787,000	-71,000
Financing Activities
Debt Repayment	0	0	0	0	-125,000
Common Stock Issued/Repurchased	50,000,000	0	250,072,000	0	12,351,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	45,870,000	274,632,093	250,072,000	649,000,000	20,458,000
Summary
Free Cash Flow	-153,647,000	-275,752,000	-270,796,000	-76,911,000	-7,407,000
Net Change in Cash	-199,097,000	-287,303,000	-2,582,000	550,682,000	14,688,000