Aptera Motors Posts $43.9M 2025 Loss, Secures $17.1M Funding
Aptera Motors reported a Q4 GAAP net loss of $15.5 million and a full-year loss of $43.9 million, with adjusted non-GAAP losses of $8.7 million in Q4 and $18.5 million for 2025, ending the year with $9.6 million cash. It raised $17.1 million in Q1 2026 funding.
1. Financial Results
Aptera reported GAAP net losses of $15.5 million in Q4 and $43.9 million for 2025, or $0.57 and $1.79 per share respectively, alongside non-GAAP adjusted losses of $8.7 million in Q4 and $18.5 million for the full year, reflecting increased stock-based compensation and transition costs.
2. Liquidity and Fundraising
As of December 31, 2025, the company held $9.6 million in cash and equivalents and in Q1 2026 raised $17.1 million gross via a $9.0 million follow-on offering and $8.1 million in warrant exercises, while retaining access to its equity line of credit and extending its primary lease through March 2028.
3. Operational Progress
Aptera advanced its validation assembly line build-out, initiated durability testing and plans to secure long-lead components with the new capital; its Carlsbad facility obtained Foreign-Trade Zone designation, potentially reducing import duties and expediting production part sourcing.