- Reports Q1 2026 GAAP Net Loss of $10.2 Million
- Calculates Q1 2026 Adjusted Net Loss of $6.2 Million (Non-GAAP)
- Secured $17.1 Million in New Capital and Ended Quarter with $17.7 Million in Cash and Cash Equivalents
- Drove First Five Validation Vehicles Off the Low-Volume Validation Assembly Line in Carlsbad
- Grew Total Active Headcount Approximately 54% Year-over-Year to 57 Employees, Reflecting Continued Engineering Build-Out
- Resolved Zaptera Litigation, Dismissing All Claims with Prejudice
CARLSBAD, Calif., May 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 first quarter ended March 31, 2026.
“The first quarter of 2026 reflected the disciplined execution and steady operational progress that have defined our journey toward production,” said Chris Anthony, Co-CEO of Aptera. “We strengthened our balance sheet with over $17 million in new capital, scaled our engineering organization, and resolved legacy litigation. Each dollar of liquidity continues to be deployed directly into the procurement of critical long-lead components, safety testing, and final engineering — the building blocks that move Aptera closer to its first customer deliveries.”
First Quarter 2026 Financial Highlights
(In thousands, except per share data)
| For the Three Months Ended March 31, 2026 | For the Three Months Ended March 31, 2025 | ||||||
| GAAP net loss | $ | (10,194 | ) | $ | (10,867 | ) | |
| Adjusted net loss (Non-GAAP)* | $ | (6,192 | ) | $ | (4,792 | ) | |
| GAAP net loss per share | $ | (0.32 | ) | $ | (0.46 | ) | |
| Adjusted net loss per share (Non-GAAP)* | $ | (0.19 | ) | $ | (0.20 | ) | |
| Key Financial Data: | |||||||