Summary
Ford Motor Company reported a net loss of $36 million ($0.01 per diluted share) for the second quarter of 2025, a significant decline from a net income of $1,831 million ($0.46 per diluted share) in the same period last year. This downturn was primarily driven by substantial "special items," including a significant field service action for fuel injectors, expenses related to the cancellation of an electric vehicle program, and impairments related to equity method investments. Excluding these special items, adjusted EBIT was $2,140 million, down from $2,757 million year-over-year, reflecting continued profitability challenges in the Ford Blue and Ford Model e segments. Despite the quarterly loss, total revenues increased by 5% year-over-year to $50.2 billion, driven by higher sales in the Ford Pro and Ford Credit segments, alongside increased EV sales in Ford Model e. Ford Credit demonstrated a strong performance, with earnings before taxes (EBT) increasing to $645 million. The company maintained a robust liquidity position with $28.4 billion in Company cash and $46.6 billion in overall liquidity as of June 30, 2025. Ford reiterated its full-year 2025 guidance, expecting adjusted EBIT between $6.5 billion and $7.5 billion.
Financial Highlights
50 data points| Revenue | $50.18B |
| Cost of Revenue | $44.24B |
| Gross Profit | $5.94B |
| SG&A Expenses | $2.71B |
| Operating Expenses | $49.67B |
| Operating Income | $511.00M |
| Net Income | -$29.00M |
| EPS (Basic) | $-0.01 |
| EPS (Diluted) | $-0.01 |
| Shares Outstanding (Basic) | 3.98B |
| Shares Outstanding (Diluted) | 3.98B |
Key Highlights
- 1Net loss of $36 million ($0.01/share) for Q2 2025, a sharp decline from net income of $1,831 million ($0.46/share) in Q2 2024, primarily due to $1.3 billion in pre-tax special items.
- 2Total revenues increased 5% to $50.2 billion in Q2 2025, driven by higher sales volumes across segments, particularly Ford Pro and Ford Credit.
- 3Ford Model e segment EBIT loss widened to $1,329 million from $1,150 million in the prior year, impacted by tariff costs, volume-related manufacturing expenses, and adverse net pricing.
- 4Ford Credit segment EBT surged by 89% to $645 million in Q2 2025, driven by higher financing margins and receivables.
- 5Company maintained a strong liquidity position with $28.4 billion in Company cash and $46.6 billion in overall liquidity as of June 30, 2025.
- 6Full-year 2025 guidance for Adjusted EBIT was reaffirmed at $6.5 - $7.5 billion, and Adjusted Free Cash Flow at $3.5 - $4.5 billion.
- 7Significant year-over-year decline in Ford Blue segment EBIT to $661 million from $1,167 million, largely due to lower volume and adverse exchange rates.