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SEC filingAptera Motors deepened pre-revenue losses to -$48.1M operating and -$43.9M net income in FY2025, driven by public company overhead and substantial share-based compensation for advisory services, while cash burn of -$16.7M free cash flow underscores urgent capital needs for production ramp.
Aptera Motors Corp. (SEV) reported FY2025 results reflecting the capital-intensive nature of its pre-production solar electric vehicle development amid public company transition costs. Operating income stood at -$48.1 million, with net income at -$43.9 million and diluted EPS at -$1.79. These losses were shaped by elevated corporate expenses and non-cash compensation, partially mitigated by other income, while cash outflows highlighted liquidity pressures and the need for external funding to advance toward low-volume production.