Sono Group N.V.
Business
Sono Group N.V. is a solar-technology company that historically developed solar-powered mobility solutions through its subsidiary. Following termination of its Sion passenger car program in February 2023, the company pivoted to retrofitting and integrating proprietary solar technology onto third-party commercial vehicles, with product offerings including solar bus kits, truck and van solutions, and solar charge controllers. The company's business segments serve commercial vehicle operators and original equipment manufacturers across multiple transportation sectors. Subsequent to fiscal year-end 2025, Sono announced its exit from legacy solar operations and adoption of a digital asset treasury strategy focused on Bitcoin holdings.
Summary from 10-K filed 2026-04-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Revenue | 149,000 | 0 | 42,000 | |
| Cost of sales | 92,000 | 0 | 70,000 | |
| Gross margin | 57,000 | 0 | −28,000 | |
| Selling and distribution expenses | 877,000 | 678,000 | 1 | |
| General and administrative expenses | 5 | 5 | 13 | |
| Research and development expenses | 2 | 1 | 16 | |
| Gain on reconsolidation | — | −63 | — | |
| Other Operating income | −13,000 | −398,000 | −976,000 | |
| Total Operating Expenses and Costs | 8 | −57 | 51 | |
| Income (Loss) from Operations | −8 | 57 | −51 | |
| Income from changes in fair value of convertible note payable carried at fair value | 11 | 9 | 5 | |
| Gain / (Loss) on foreign currency translation | 604,000 | −405,000 | 220,000 | |
| Total Other Income | 12 | 9 | 6 | |
| Net Income | 4 | 65 | −46 | |
| Basic (in EUR per Share) | 2.76 | 44.86 | −31.99 | |
| Diluted (in EUR per Share) | 0.5 | 3.77 | −31.99 | |
| Basic (in shares) | 1 | 1 | 1 | |
| Diluted (in shares) | 8 | 17 | 1 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-02-29 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | 206,000 | 1 | — | 7 | — | |
| Inventory | 329,000 | 304,000 | — | 0 | — | |
| Prepaid taxes | 103,000 | 531,000 | — | 681,000 | — | |
| Prepaid expenses and other current assets | 118,000 | 103,000 | — | 778,000 | — | |
| Total Current Assets | 756,000 | 2 | — | 9 | — | |
| Property, plant and equipment, net | 94,000 | 129,000 | 66,000 | 0 | — | |
| Right of use lease assets | 574,000 | 630,000 | — | 679,000 | — | |
| Total Assets | 1 | 3 | — | 10 | — | |
| Accounts payable and accrued expenses | 948,000 | 575,000 | — | 57 | — | |
| Lease liability, current portion | 70,000 | 58,000 | — | 49,000 | — | |
| Convertible notes payable at fair value | — | 24 | — | 26 | — | |
| Deferred revenue | 5,000 | — | — | — | — | |
| VAT payable | — | 487,000 | — | 14 | — | |
| Other current liabilities | 4,000 | 5,000 | — | 4,000 | — | |
| Total Current Liabilities | 1 | 25 | — | 97 | — | |
| Lease liability, long term portion | 504,000 | 572,000 | — | 630,000 | — | |
| Total Liabilities | 2 | 26 | — | 97 | — | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred Shares, par value 300.00 per share, 1,401 shares authorized, 1,401 and 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively (1) | 420,000 | — | — | — | — | |
| Additional paid-in capital | 317 | 299 | — | 299 | — | |
| Accumulated deficit | −317 | −321 | — | −386 | — | |
| Total Shareholders Equity | −107,000 | −23 | — | −88 | −53 | |
| Total Liabilities and Shareholders Equity | 1 | 3 | — | 10 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation of property, plant and equipment | 31,000 | 18,000 | 29,000 | |
| Stock based compensation | 0 | −19,000 | −572,000 | |
| Gain on reconsolidation | 0 | −63 | −40 | |
| Non-cash lease expense | 56,000 | 49,000 | — | |
| Other non-cash (income) / expense | −632,000 | 357,000 | 6 | |
| Inventory | −25,000 | −304,000 | 0 | |
| Prepaid taxes | −428,000 | 150,000 | 0 | |
| Prepaid expenses and other | −15,000 | 675,000 | 5 | |
| Accounts payable and accrued expenses | 535,000 | 5 | 17 | |
| Lease Liability | −56,000 | −49,000 | 0 | |
| VAT payable | −487,000 | −14 | 0 | |
| Other current liabilities | 4,000 | 0 | — | |
| Net cash used in operating activities | −7 | −14 | −11 | |
| Acquisition of property and equipment | 0 | −80,000 | — | |
| Reconsolidation (deconsolidation) of the Subsidiary cash balance | 0 | 1 | −7 | |
| Net cash provided by (used in) investing activities | 0 | 1 | −11 | |
| Proceeds from the issuance of convertible notes | 6 | 7 | 0 | |
| Proceeds from the issuance of shares from conversion of employee options | 3,000 | 0 | — | |
| Proceeds from issue of shares in private placement | 85,000 | 0 | — | |
| Net cash provided by financing activities | 6 | 7 | 6,000 | |
| Effect of currency translation on cash | 28,000 | 47,000 | −206,000 | |
| Net (decrease) in cash | −1 | −6 | — | |
| Convertible debt exchanged for preferred stock | 18 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Sono Group N.V.'s CIK number?
Sono Group N.V.'s SEC CIK number is 0001840416 (1840416). 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 Sono Group N.V.'s SEC filings?
All of Sono Group N.V.'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.