Aptera Motors - B | 8-K: FY2026 Q2 Revenue: USD 0

Revenue: As of FY2026 Q2, the actual value is USD 0.

EPS: As of FY2026 Q2, the actual value is USD -0.3.

EBIT: As of FY2026 Q2, the actual value is USD -10.88 M.

Net Loss (GAAP)

Aptera Motors Corp. reported a GAAP net loss of - $10.9 million for the second quarter of 2026, compared to - $12.1 million for the same period in 2025. For the first half of 2026, the GAAP net loss was - $21.1 million, an improvement from - $22.9 million in the first half of 2025.

Adjusted Net Loss (Non-GAAP)

Adjusted net loss (Non-GAAP) for the second quarter of 2026 was - $7.2 million, compared to - $2.4 million in the second quarter of 2025. For the first half of 2026, the adjusted net loss was - $13.4 million, compared to - $7.2 million for the first half of 2025.

Operating Expenses

Operating expenses for the second quarter of 2026 were $11.2 million, a decrease from $13.9 million in the second quarter of 2025. For the first half of 2026, operating expenses were $21.5 million, down from $25.1 million in the first half of 2025.

Other Income, Net

Other income, net, was $0.3 million for the second quarter of 2026, a decrease from $1.8 million in the second quarter of 2025. For the first half of 2026, other income, net, was $0.4 million, compared to $2.1 million in the first half of 2025.

Cash and Liquidity

As of June 30, 2026, Aptera Motors Corp. had $10.1 million in cash and cash equivalents. Subsequent to the quarter-end, the company raised an additional $6.0 million in gross proceeds through a warrant inducement transaction.

Capital Raised Year-to-Date

Year-to-date in 2026, Aptera Motors Corp. raised approximately $24.6 million in aggregate gross proceeds. This included $9.0 million from a public offering, $14.1 million from warrant inducements and other exercises, and $1.5 million from sales under its equity line of credit.

Operational Milestones

Aptera Motors Corp. received an EPA Certificate of Conformity for its 2026 Launch Edition on June 18, 2026. The company also placed orders for bodies and chassis for its first 40 production vehicles on August 4, 2026, and announced a partnership with RepairPal for nationwide service coverage.

Reservations

As of the date of the release, Aptera Motors Corp. had approximately 50,000 reservation holders for its first vehicle.

Outlook

Aptera Motors Corp. estimates that an additional $40 million to $45 million is required to fund the initial low-volume production phase. The company is focusing its cash investment on building blocks to move closer to its first customer deliveries, which includes advancing validation vehicle programs and scaling manufacturing processes. This strategy also involves managing capital needs and financing plans.