Calculates Q3 2025 Adjusted Net Loss of $2.9 Million (Non-GAAP) and Nine-Month Adjusted Net Loss of $10.2 Million (Non-GAAP)
Recognized $2.5 Million in Other Income for Q3 and $4.6 Million for Nine Months primarily from California Energy Commission Grant
Ended Quarter with $12.0 Million in Cash and Cash Equivalents
CARLSBAD, Calif., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ:SEV) ("Aptera" or the "Company"), a solar mobility company pioneering ultra-efficient transportation, today reported its financial results for the third quarter ended September 30, 2025.
"Our third quarter was focused on disciplined execution as we prepared for our transition to a public company," said Chris Anthony, Co-CEO of Aptera. "We've begun building out our validation line and managed our cash burn, supported by $2.5 million in grant funding from the California Energy Commission. With our subsequent Nasdaq listing and the $75 million equity line of credit now in place, we are focused on the next critical phase: securing the incremental capital needed to fund our validation program and move toward low-volume production."
Third Quarter 2025 Financial Highlights
(In thousands, except per share data)
Three Months Ended September 30, 2025
Three Months Ended September 30, 2024
Nine Months Ended September 30, 2025
Nine Months Ended September 30, 2024
GAAP Net Loss
$
(5,489
)
$
(8,205
)
$
(28,427
)
$
(26,027
)
Adjusted Net Loss (Non-GAAP)*
$
(2,906
)
$
(5,789
)
$
(10,165
)
$
(14,820
)
GAAP Net Loss Per Share
$
(0.23
)
$
(0.35
)
$
(1.21
)
$
(1.13
)
Adjusted Net Loss Per Share (Non-GAAP)*
$
(0.12
)
$
(0.25
)
$
(0.43
)
$
(0.65
)
