Aptera Motors Reports Third Quarter and First Nine Months 2026 Financial Results
Key Highlights
- ➤Aptera (SEV) Q3 GAAP net loss $14.0 million, versus $5.5 million year-earlier
- ➤First-nine-month GAAP net loss $35.0 million, versus $28.4 million year-earlier
- ➤Cash $9.2 million; existing funds insufficient to finance the next twelve months
- ➤Launch partnership covers up to RMB 300 million in manufacturing services
- ➤Aptera estimates $25 million to start production and $65 million for 500 vehicles monthly
Expert Statements
Chris Anthony, Co-CEO of Aptera
“In the third quarter we started the process of procuring parts for our first production vehicles. We also entered into a strategic partnership with Launch to support manufacturing and contract engineering, which we believe has helped lower our estimated capital needs to reach start of production and, most importantly, the capital we estimate is required to reach a production rate at which we believe we could fund ongoing operations from vehicle sales. Research and development spending more than doubled from the prior-year quarter as we directed our resources to vehicle validation and production readiness.”
* Reports Q3 2026 GAAP Net Loss of $14.0 Million and First Nine Months 2026 GAAP Net Loss of $35.0 Million * Reports Q3 2026 Adjusted Net Loss of $10.2 Million and First Nine Months 2026 Adjusted Net Loss of $23.5 Million (Non-GAAP) * Ended Quarter with $9.2 Million in Cash and Cash Equivalents; Raised Approximately $6.0 Million in Gross Proceeds During the Quarter in a Warrant Inducement Transaction * Issued Purchase Orders for Bodies and Chassis for Initial Production Vehicles and Entered into a Strategic Partnership Agreement with Shanghai Launch Automotive Technology * Raised Approximately $23.1 Million in Gross Proceeds in the First Nine Months of 2026 Through a Public Offering and Warrant Inducements and Exercises, Plus Approximately $2.3 Million in Net Proceeds Under the Equity Line of Credit CARLSBAD, Calif., Nov. 13, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV) ("Aptera" or the "Company"), a solar mobility company advancing ultra-efficient transportation, today reported its financial results for the third quarter and nine months ended September 30, 2026.
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