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Aptera Motors Corp.

SEV

Aptera Motors Corp. • NASDAQ
$5.48 ▼ -1.44% (-0.08)
Market Cap $150.80 M
52w High $22.43
52w Low $3.55
Dividend Yield 0%
P/E -4.03
Volume 83.14K
Outstanding Shares 27.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $49K ▲ $1.852M ▲ $-1.391M ▼ -2.839K% ▲ $-0.95 ▼ $-250K ▲
Q2-2025 $25K ▼ $134K ▼ $-812K ▼ -3.248K% ▼ $-0.56 ▼ $-732K ▼
Q1-2025 $26K $1.815M $8.837M 33.988K% $6.09 $-3K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.25M ▲ $3.955M ▲ $1.446M ▼ $2.509M ▲
Q2-2025 $339K ▼ $1.996M ▼ $16.652M ▲ $-14.656M ▼
Q1-2025 $801K ▼ $2.531M ▼ $16.375M ▼ $-13.844M ▲
Q4-2024 $1.354B $3.051B $25.732B $-22.681B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.391M ▲ $-1.731M ▲ $0 ▲ $3.171M ▼ $1.911M ▲ $-1.794M ▼
Q2-2025 $-8.612M ▼ $-3.572M ▼ $-20K ▼ $5.916M ▲ $-1.015M ▼ $4.831M ▲
Q1-2025 $8.837M $-2.169M $0 $1.928M $-553K $-2.169M

Five-Year Company Overview

Income Statement

Income Statement Aptera is still a pre‑revenue company. There are effectively no product sales yet, and the core business is spending money on development and overhead without bringing in operating income. The positive bottom‑line result in the latest year almost certainly reflects one‑off accounting items tied to its SPAC listing or capital structure, not a profitable underlying business. In practical terms, the company is loss‑making on operations, and traditional earnings metrics are not yet very informative for judging its long‑term economics.

Balance Sheet

Balance Sheet The balance sheet looks thin and heavily tilted toward obligations. The asset base is small, cash is limited, and debt stands out as large relative to what the company owns. Shareholders’ equity is negative, which means recorded liabilities exceed recorded assets. That structure signals financial fragility: there is little balance‑sheet cushion to absorb setbacks, and the company is dependent on outside financing and continued support from lenders and investors to execute its plans.

Cash Flow

Cash Flow Cash flow from the actual business is slightly negative, which is what you would expect from a company that has not begun commercial production. There is essentially no spending yet on large factories or equipment in the reported period, but those needs are likely ahead. Right now, Aptera appears to be funding itself primarily through financing activities rather than self‑generated cash. The key question going forward is whether it can secure enough fresh capital to cover higher cash burn as it moves from prototypes toward mass production.

Competitive Edge

Competitive Edge Aptera aims at a very specific niche: ultra‑efficient, solar‑assisted electric vehicles with a radical three‑wheeled design. Its strengths include a clear efficiency focus, a passionate early community, a direct‑to‑consumer model, and a product that stands out from conventional EVs. Its challenges are equally clear: no established manufacturing track record, much smaller resources than mainstream automakers, a nontraditional vehicle format that may face regulatory and insurance quirks, and the need to convince everyday drivers that a futuristic two‑seat, three‑wheel vehicle can replace a standard car. The licensing of its solar technology to other industries is a helpful way to diversify potential revenue, but the core bet remains on successfully launching and scaling its own vehicles.

Innovation and R&D

Innovation and R&D Innovation is the core of Aptera’s story. The company is pushing aerodynamic design, integrated solar panels, and lightweight composite structures, all protected by a growing patent portfolio. The vehicle architecture is intentionally simple, with few large body parts, aiming to make manufacturing less capital‑heavy than traditional car making. Aptera also plans ongoing software improvements and future vehicle variants, including larger, more conventional formats. The upside is a clear technological identity and potential for a strong moat around efficiency. The risk is execution: moving from impressive prototypes and lab data to reliable, mass‑produced vehicles that deliver on range, durability, safety, and cost is difficult, especially for a small, resource‑constrained company.

Summary

Overall, Aptera is an early‑stage, concept‑driven automaker with a bold technological vision and a very fragile financial base. The business is pre‑revenue, operating results are not yet a meaningful guide to long‑term profitability, and the balance sheet shows heavy reliance on debt and external funding with little margin for error. On the strategic side, the company occupies a unique niche in solar‑assisted, hyper‑efficient EVs, supported by patents and a strong brand among enthusiasts, but it must still prove it can industrialize its technology, navigate regulations, win mainstream customer trust, and scale production. The opportunity is significant if the concept works at volume; the uncertainty and execution risk are also very high given the current financial and operational starting point.

NEWS

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November 17, 2025 · 7:00 AM UTC

Aptera Motors Reports Third Quarter 2025 Financial Results

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November 11, 2025 · 7:18 AM UTC

Aptera Motors Initiates Validation Line as Next Step Toward Scaled Manufacturing

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October 22, 2025 · 8:00 AM UTC

Aptera Motors Transitions to Public Benefit Corporation, Adds Industry Veterans to Board

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October 17, 2025 · 2:10 PM UTC

Aptera Motors Corp. to Present at the LD Micro Main Event XIX

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