Sono Group N.V. 1Q 2026: Revenue $0 Net income $(2.02M), EPS $(1.38) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Sono Group N.V. reported Q1 2026 results with $0 revenue, a net loss of $(2.02M), and diluted EPS of $(1.38), compared to a net income of $7.8M and EPS of $0.75 in Q1 2025. The company exited its solar operations and adopted a Bitcoin treasury strategy. Ongoing operations now focus on public-company activities and digital-asset management.
Sono Group N.V. reported results for the first quarter of 2026, recording no continuing-operations revenue, a net loss of $(2.02M) and diluted loss per share of $(1.38), compared with net income of $7.8M and diluted EPS of $0.75 in the year-ago quarter.
Financial Highlights
- Revenue was $0 for Q1 2026, same as Q1 2025 (no continuing‑operations revenue).
- Net income was $(2.015M) for Q1 2026, versus $7.802M in Q1 2025.
- Diluted EPS was $(1.38) for Q1 2026, versus $0.75 in Q1 2025 (diluted).
Business Highlights
- On March 14, 2026 the company exited its legacy solar operations and adopted a digital-asset (Bitcoin) treasury strategy aimed at generating cash flow.
- Subsidiary Sono Motors GmbH was wound down, classified as held for sale and sold on May 4, 2026, removing ongoing operational losses from continuing operations.
- Continuing operations now focus on parent-company public-company activities and digital-asset treasury management under an ISDA framework with Blockchain.com.
- Proceeds from recent financings were used to acquire Bitcoin and to implement covered-call strategies, and to sharply reduce cash outflows related to legacy solar operations.
Original SEC Filing: Sono Group N.V. [ SSM ] - 10-Q - May. 19, 2026
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