Aptera Motors Corp. reported its financial results for the third quarter of 2025, highlighting a GAAP Net Loss of $5.5 million for the quarter and $28.4 million for the nine months.
Adjusted Net Loss for Q3 was $2.9 million (Non-GAAP), and $10.2 million for the nine months.
The company recognized $2.5 million in Other Income for Q3, mainly from a California Energy Commission Grant, and ended the quarter with $12.0 million in Cash and Cash Equivalents.
Disciplined Execution
Focused on disciplined execution and cash management in preparation for transitioning to a public company.
Financial Highlights
Reported GAAP Net Loss of $5.5 million, Adjusted Net Loss of $2.9 million for Q3 2025.
Liquidity Update
Liquidity update: $12.0 million in cash as of September 30, 2025, raising concerns about continued operations.
- Aptera Motors is focused on building a validation vehicle assembly line and the validation fleet for low-volume production.
- The company's cash position raises doubts about its ability to continue as a going concern, per the Form 10-Q filing.
- The Nasdaq listing and $75 million equity line of credit aim to provide necessary capital for the validation program and production phase.
Aptera Motors faces challenges with liquidity but aims to secure the capital needed for its validation program and production phase. The company's Nasdaq listing and equity line of credit are crucial steps in this direction.