Aptera Motors Corp
Business
Aptera Motors Corp develops, produces, and distributes energy-efficient, solar-powered battery-electric vehicles designed to integrate embedded solar panels for daily charging and extended range. The company's Launch Edition vehicle targets up to 400 miles of range per charge with approximately 700 watts of integrated solar capability. Aptera employs a direct-to-consumer distribution model and asset-light assembly strategy, leveraging Tier 1 suppliers for major subsystems while retaining proprietary expertise in solar integration, power electronics, and vehicle software. The company currently operates from its Carlsbad, California facility and targets initial customer deliveries in 2026.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
| 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
| 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
| 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Aptera Motors Corp's CIK number?
Aptera Motors Corp's SEC CIK number is 0001786471 (1786471). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Aptera Motors Corp's SEC filings?
All of Aptera Motors Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Aptera Motors Corp last report earnings?
Aptera Motors Corp (SEV) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-022729). This is Aptera Motors Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Aptera Motors Corp's most recent earnings 8-K?
Aptera Motors Corp's latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001493152-26-022729. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Aptera Motors Corp's latest earnings 8-K →
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