S
Aptera Motors Corp
SEVCIK 0001786471NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthMotor Vehicles & Passenger Car BodiesDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-43.91M
Total Assets
$30.24M
Equity
$20.44M
Shares Out
36.60M
Op. Cash Flow
$-15.26M
Business
Aptera Motors Corp is a publicly listed company in Motor Vehicles & Passenger Car Bodies, incorporated in Delaware. Common stock trades on Nasdaq under the ticker SEV.
Auto-generated from company profile
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Revenues | — | — | |
| General, selling, and administrative | 27 | 20 | |
| Research and development | 21 | 17 | |
| Total operating expenses | 48 | 37 | |
| Operating loss | −48 | −37 | |
| Other income | 4 | 2 | |
| Net Loss | −44 | −35 | |
| Weighted average loss per share of Class A and Class B common stock - basic | −1.79 | −1.52 | |
| Weighted average loss per share of Class A and Class B common stock - diluted | −1.79 | −1.52 | |
| Weighted average shares outstanding of Class A and B common stock - basic | 24 | 23 | |
| Weighted average shares outstanding of Class A and B common stock - diluted | 24 | 23 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 10 | 13 | — | |
| Grant funds receivable | — | 855,000 | — | |
| Prepaids and other | 511,000 | 375,000 | — | |
| Total current assets | 10 | 14 | — | |
| Deposits and other long-term assets | 1 | 2 | — | |
| Property and equipment, net | 18 | 17 | — | |
| Right of use assets operating lease, net | 1 | 2 | — | |
| Total assets | 30 | 35 | — | |
| Accounts payable | 2 | 277,000 | — | |
| Accrued liabilities | 3 | 1 | — | |
| Unearned reservation fees | 4 | 4 | — | |
| Current portion of operating lease liabilities | 1 | 1 | — | |
| Total current liabilities | 9 | 7 | — | |
| Operating lease liabilities, net of current portion | 311,000 | 1 | — | |
| Other long-term liabilities | 15,000 | 15,000 | — | |
| Total liabilities | 10 | 8 | — | |
| Commitments and contingencies (Note 5) | — | — | — | |
| Preferred stock, $0.0001 par value, 20,000,000 and 31,304,495 authorized; 0 and 3,721,394 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively (Note 7) | — | — | — | |
| Additional paid-in capital | 342 | 305 | — | |
| Subscription receivables | −131,000 | −281,000 | — | |
| Accumulated deficit | −321 | −277 | — | |
| Total stockholders equity | 20 | 27 | 25 | |
| Total liabilities and stockholders equity | 30 | 35 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Depreciation and amortization | 566,000 | 498,000 | |
| Amortization of debt discount on convertible notes | — | 57,000 | |
| Asset impairment and disposal | — | 857,000 | |
| Stock based compensation | 24 | 15 | |
| Grant funds receivable | 855,000 | −510,000 | |
| Prepaids and other | 364,000 | 40,000 | |
| Deposits and other long-term assets | −89,000 | 743,000 | |
| Accounts payable | 1 | −5 | |
| Accrued expenses | 1 | 352,000 | |
| Unearned reservation fees | −8,000 | 223,000 | |
| Other long-term liabilities | — | — | |
| Operating lease assets and liability, net | −153,000 | −118,000 | |
| Net cash used in operating activities | −15 | −23 | |
| Purchase of property and equipment | −1 | −4 | |
| Net cash used in investing activities | −1 | −4 | |
| Proceeds from sale of common stock | 14 | 23 | |
| Proceeds from 2024 convertible notes | — | 618,000 | |
| Proceeds from exercise of stock options | — | 7,000 | |
| Common stock issuance costs | −1 | −2 | |
| Net cash provided by financing activities | 13 | 22 | |
| Increase (decrease) in cash and cash equivalents | −4 | −4 | |
| Cash paid for interest | 15,000 | 10,000 | |
| Cash paid for income taxes | — | 1,000 | |
| Subscriptions receivable | 131,000 | 281,000 | |
| Stock-based compensation included in common stock issuance costs | 375,000 | — | |
| Shares issued for conversion of convertible notes payable and accrued interest | — | 703,000 |
Filings
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