Summary
Ford Motor Company reported a significant net loss of $8.182 billion for the fiscal year ended December 30, 2025. This loss was primarily driven by substantial "special items" totaling $17.356 billion pre-tax. The most significant of these special items were related to the "Model e" segment, including an $8.4 billion impairment charge for long-lived assets and goodwill, $1.1 billion in asset write-downs due to EV program cancellations, and other related charges. Additionally, the disposition of Ford's investment in BlueOval SK resulted in a $3.2 billion impairment charge. Despite the net loss, Ford's "adjusted" financial performance showed a more positive, albeit weakened, trend. Adjusted EBIT was $6.780 billion, down from $10.208 billion in the prior year, and the adjusted EBIT margin decreased to 3.6% from 5.5%. "Ford Pro," the commercial vehicle segment, remains the strongest performer with an EBIT of $6.843 billion, though down from the previous year. "Ford Blue," the traditional ICE and hybrid vehicle segment, saw its EBIT fall to $3.024 billion from $5.269 billion, impacted by lower volumes and unfavorable exchange rates. The "Ford Model e" segment continued to incur significant losses, albeit with an improvement in its EBIT loss to $4.806 billion from $5.105 billion in the prior year, driven by increased wholesales and cost reductions. The company is navigating challenging market conditions for electric vehicles, leading to a significant rationalization of its EV strategy and capacity.
Financial Highlights
53 data points| Revenue | $187.27B |
| Cost of Revenue | $174.47B |
| Gross Profit | $12.80B |
| R&D Expenses | $9.40B |
| SG&A Expenses | $10.85B |
| Operating Expenses | $196.44B |
| Operating Income | -$9.17B |
| Net Income | -$8.16B |
| EPS (Basic) | $-2.06 |
| EPS (Diluted) | $-2.06 |
| Shares Outstanding (Basic) | 3.98B |
| Shares Outstanding (Diluted) | 3.98B |
Key Highlights
- 1Ford reported a significant net loss of $8.182 billion for fiscal year 2025, largely due to $17.356 billion in pre-tax special items, primarily related to EV strategy adjustments and the BlueOval SK disposition.
- 2Adjusted EBIT decreased to $6.780 billion from $10.208 billion in 2024, with the adjusted EBIT margin falling to 3.6% from 5.5%.
- 3The Ford Pro segment, serving commercial customers, remains the most profitable with $6.843 billion in EBIT, although this is down from $9.007 billion in 2024.
- 4The Ford Blue segment (ICE and hybrid vehicles) saw its EBIT decline to $3.024 billion from $5.269 billion, impacted by lower volumes, aluminum supply disruptions, and tariffs.
- 5Ford Model e (EVs) narrowed its EBIT loss to $4.806 billion from $5.105 billion, benefiting from increased wholesales and cost reductions, though still representing a substantial loss.
- 6The company announced a significant rationalization of its EV strategy in December 2025, including cancelling planned EV programs and ending production of the current generation F-150 Lightning, resulting in substantial charges.
- 7Ford Credit's performance improved, with EBT rising to $2.557 billion from $1.654 billion, driven by higher financing margins and receivables, despite a slight increase in loss-to-receivables ratios.