Aptera Q1 FY26 net loss narrows to $10.19 million; adjusted net loss improves to $6.19 million

• Aptera Motors posted a Q1 2026 GAAP net loss of USD 10.19 million, narrowing from USD 10.87 million a year earlier, while net loss per share improved to USD 0.32 from USD 0.46.
• Operating expenses fell to USD 10.33 million from USD 11.16 million, while other income, net slipped to USD 138,000 from USD 295,000.
• Cash and cash equivalents climbed to USD 17.72 million at quarter-end from USD 10.75 million, after raising about USD 17.1 million in gross proceeds from a follow-on public offering and warrant exercises.
• Subsequent to quarter-end, first five validation vehicles were driven off low-volume validation assembly line in Carlsbad, with active headcount rising about 54% year over year to 57 employees and reservation holders totaling about 49,000.
• Chris Anthony said liquidity continues to be deployed toward long-lead components, safety testing, and final engineering as company moves toward first customer deliveries.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aptera Motors Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-022729), on May 13, 2026, and is solely responsible for the information contained therein.