NASDAQ : SEV
Aptera Motors Corp. — Financial statements
Consumer Discretionary · Auto Manufacturers · United States
Last price 1.67 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 62.50M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 19.29M | 26.77M | 20.09M | 37.48M | 20.84M | 7.41M |
| Research & Development | 25.25M | 21.34M | 17.03M | 23.67M | 40.63M | 11.47M |
| Operating Expenses | 44.54M | 48.11M | 37.12M | 61.14M | 61.48M | 18.88M |
| Operating Income | -44.54M | -48.11M | -37.12M | -61.14M | -61.48M | -18.88M |
| Interest & Investment Income | 200.00K | 500.00K | ||||
| Other Non Operating Income (Expenses) | 2.49M | 4.20M | 2.01M | 1.16M | -20.25M | -77.64M |
| EBT Excluding Unusual Items | -42.05M | -43.91M | -34.91M | -59.49M | -81.73M | -96.52M |
| Other Unusual Items | 431.00K | |||||
| Pretax Income | -42.05M | -43.91M | -34.91M | -59.06M | -81.73M | -96.52M |
| Earnings From Continuing Operations | -42.05M | -43.91M | -34.91M | -59.06M | -81.73M | -96.52M |
| Earnings From Discontinued Operations | -235.00K | -548.00K | ||||
| Net Income | -42.05M | -43.91M | -34.91M | -59.29M | -82.28M | -96.52M |
| Net Income to Common | -42.05M | -43.91M | -34.91M | -59.29M | -82.28M | -96.52M |
| Shares Outstanding (Basic) | 30.04M | 24.49M | 23.04M | 22.10M | 20.97M | 18.48M |
| Shares Outstanding (Diluted) | 30.04M | 24.49M | 23.04M | 22.10M | 20.97M | 18.48M |
| EPS (Basic) | -1.40 | -1.79 | -1.52 | -2.68 | -3.92 | -5.22 |
| EPS (Diluted) | -1.40 | -1.79 | -1.52 | -2.68 | -3.92 | -5.22 |
| Free Cash Flow | -25.67M | -16.69M | -26.07M | -25.11M | -47.16M | -14.33M |
| Free Cash Flow Per Share | -0.85 | -0.68 | -1.13 | -1.14 | -2.25 | -0.78 |
| EBITDA | -43.88M | -47.54M | -36.62M | -60.70M | -61.22M | -18.86M |
| D&A For EBITDA | 655.00K | 566.00K | 498.00K | 449.00K | 252.00K | 15.00K |
| EBIT | -44.54M | -48.11M | -37.12M | -61.14M | -61.48M | -18.88M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.13M | 9.61M | 13.16M | 16.97M | 9.85M | 19.34M |
| Cash & Short-Term Investments | 10.13M | 9.61M | 13.16M | 16.97M | 9.85M | 19.34M |
| Accounts Receivable | 86.00K | 19.00K | ||||
| Other Receivables | 855.00K | 345.00K | ||||
| Receivables | 855.00K | 345.00K | 86.00K | 19.00K | ||
| Prepaid Expenses | 1.78M | 511.00K | 375.00K | 415.00K | 640.00K | 805.00K |
| Restricted Cash | 927.00K | |||||
| Other Current Assets | 135.00K | |||||
| Total Current Assets | 11.91M | 10.12M | 14.39M | 17.73M | 11.64M | 20.16M |
| Property, Plant & Equipment | 19.44M | 18.98M | 18.99M | 17.57M | 23.18M | 358.00K |
| Other Long-Term Assets | 1.05M | 1.14M | 1.55M | 2.29M | 5.11M | 2.74M |
| Total Assets | 32.41M | 30.24M | 34.93M | 37.59M | 39.92M | 23.26M |
| Accounts Payable | 640.00K | 1.70M | 277.00K | 4.78M | 2.31M | 1.41M |
| Accrued Expenses | 1.08M | 2.54M | 1.16M | 835.00K | 2.79M | 550.00K |
| Short-Term Debt | 60.00K | |||||
| Current Portion of Leases | 978.00K | 1.16M | 1.03M | 915.00K | 1.64M | |
| Current Unearned Revenue | 4.10M | 4.08M | 4.09M | 3.86M | 3.31M | 1.24M |
| Other Current Liabilities | 287.00K | 192.00K | ||||
| Total Current Liabilities | 7.09M | 9.47M | 6.55M | 10.39M | 10.24M | 3.26M |
| Long-Term Leases | 921.00K | 311.00K | 1.47M | 2.50M | 12.71M | |
| Other Long-Term Liabilities | 15.00K | 15.00K | 15.00K | 15.00K | 15.00K | 81.51M |
| Total Liabilities | 8.03M | 9.80M | 8.04M | 12.91M | 22.96M | 84.77M |
| Common Stock | 4.00K | 3.00K | 3.00K | 7.00K | 7.00K | 6.00K |
| Additional Paid-In Capital | 364.33M | 341.89M | 304.58M | 268.00M | 200.16M | 40.40M |
| Retained Earnings | -339.77M | -321.32M | -277.41M | -242.50M | -183.21M | -100.94M |
| Comprehensive Income & Other | -190.00K | -131.00K | -281.00K | -814.00K | -985.00K | |
| Total Common Equity | 24.38M | 20.44M | 26.89M | 24.68M | 16.96M | -61.51M |
| Shareholders' Equity | 24.38M | 20.44M | 26.89M | 24.68M | 16.96M | -61.51M |
| Total Liabilities & Equity | 32.41M | 30.24M | 34.93M | 37.59M | 39.92M | 23.26M |
| Total Debt | 1.90M | 1.47M | 2.50M | 3.41M | 14.35M | 60.00K |
| Net Cash (Debt) | 8.23M | 8.14M | 10.66M | 13.55M | -4.50M | 19.27M |
| Net Cash Per Share | 0.27 | 0.33 | 0.46 | 0.61 | -0.21 | 1.04 |
| Filing Date Shares Outstanding | 37.42M | 27.98M | 23.36M | 22.59M | 21.53M | 19.87M |
| Total Common Shares Outstanding | 37.42M | 27.98M | 23.36M | 22.59M | 21.53M | 19.87M |
| Working Capital | 4.82M | 648.00K | 7.84M | 7.33M | 1.40M | 16.90M |
| Book Value Per Share | 0.65 | 0.73 | 1.15 | 1.09 | 0.79 | -3.10 |
| Tangible Book Value | 24.38M | 20.44M | 26.89M | 24.68M | 16.96M | -61.51M |
| Tangible Book Value Per Share | 0.65 | 0.73 | 1.15 | 1.09 | 0.79 | -3.10 |
| Machinery | 17.06M | 2.94M | 1.77M | 1.71M | 1.43M | 316.00K |
| Construction In Progress | 1.77M | 15.68M | 15.51M | 12.99M | 9.57M | 59.00K |
| Leasehold Improvements | 841.00K | 843.00K | 761.00K | 694.00K | 686.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -42.05M | -43.91M | -34.91M | -59.29M | -82.28M | -96.52M |
| Depreciation & Amortization | 655.00K | 566.00K | 498.00K | 449.00K | 252.00K | 15.00K |
| Other Amortization | 57.00K | |||||
| Asset Writedown & Restructuring Costs | 857.00K | 1.72M | 1.27M | |||
| Stock-Based Compensation | 15.58M | 24.31M | 14.77M | 38.02M | 17.82M | 5.20M |
| Other Operating Activities | 646.00K | -196.00K | 20.98M | 77.70M | ||
| Change in Accounts Receivable | -67.00K | 417.00K | ||||
| Change in Accounts Payable | 166.00K | 1.42M | -4.50M | 2.47M | 905.00K | 1.41M |
| Change in Unearned Revenue | -8.00K | -8.00K | 223.00K | 556.00K | 2.06M | 791.00K |
| Change in Other Net Operating Assets | 939.00K | 2.35M | 507.00K | -3.18M | 3.73M | -3.03M |
| Operating Cash Flow | -24.07M | -15.26M | -22.50M | -19.68M | -35.86M | -14.02M |
| Capital Expenditures | -1.61M | -1.43M | -3.57M | -5.43M | -11.30M | -307.00K |
| Investing Cash Flow | -1.61M | -1.43M | -3.57M | -5.43M | -11.30M | -307.00K |
| Long-Term Debt Issued | 618.00K | |||||
| Net Debt Issued (Repaid) | 618.00K | |||||
| Issuance of Common Stock | 24.42M | 14.33M | 23.47M | 33.10M | 39.93M | 32.47M |
| Repurchase of Common Stock | -29.00K | |||||
| Other Financing Activities | -1.69M | -1.19M | -1.82M | -1.77M | -2.03M | 533.00K |
| Financing Cash Flow | 22.73M | 13.14M | 22.27M | 31.31M | 38.60M | 33.01M |
| Net Cash Flow | -2.94M | -3.55M | -3.81M | 6.19M | -8.56M | 18.68M |
| Free Cash Flow | -25.67M | -16.69M | -26.07M | -25.11M | -47.16M | -14.33M |
| Free Cash Flow Per Share | -0.85 | -0.68 | -1.13 | -1.14 | -2.25 | -0.78 |
| Levered Free Cash Flow | -12.49M | -3.11M | -15.88M | -6.17M | -27.22M | -4.62M |
| Unlevered Free Cash Flow | -12.49M | -3.11M | -15.93M | -6.17M | -27.22M | -4.62M |
| Cash Interest Paid | 42.00K | 15.00K | 10.00K | |||
| Cash Income Tax Paid | 1.00K | 2.00K | ||||
| Change in Working Capital | 1.10M | 3.77M | -3.77M | -152.00K | 6.63M | -411.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 68.86M | 117.43M | ||||
| Enterprise Value | 60.63M | 107.17M | ||||
| Last Close Price | 1.84 | 4.29 | ||||
| PB Ratio | 2.82 | 5.75 | ||||
| P/TBV Ratio | 2.82 | 5.75 | ||||
| Debt / Equity Ratio | 0.08 | 0.07 | 0.09 | 0.14 | 0.85 | -0.00 |
| Net Debt / Equity Ratio | -0.34 | -0.40 | -0.40 | -0.55 | 0.27 | 0.31 |
| Net Debt / EBITDA Ratio | 0.19 | 0.17 | 0.29 | 0.22 | -0.07 | 1.02 |
| Net Debt / FCF Ratio | 0.32 | 0.49 | 0.41 | 0.54 | -0.10 | 1.34 |
| Quick Ratio | 1.43 | 1.01 | 2.14 | 1.67 | 0.97 | 5.94 |
| Current Ratio | 1.68 | 1.07 | 2.20 | 1.71 | 1.14 | 6.18 |
| Return on Equity (ROE) | -164.27% | -185.52% | -135.35% | -283.63% | ||
| Return on Assets (ROA) | -83.25% | -92.28% | -63.98% | -98.61% | -121.63% | -96.48% |
| Return on Capital Employed (ROCE) | -175.90% | -231.70% | -130.80% | -224.80% | -207.10% | -94.40% |
| Earnings Yield | -76.08% | -37.39% | ||||
| FCF Yield | -37.28% | -14.21% | ||||
| Buyback Yield / Dilution | -28.66% | -6.32% | -4.25% | -5.38% | -13.45% | -12.67% |