Aptera Motors Corp. Financials
This page shows Aptera Motors Corp. (SEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Aptera Motors Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Aptera Motors Corp. carries a low D/E ratio of 0.48, meaning only $0.48 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
Aptera Motors Corp.'s current ratio of 1.07 is below the typical benchmark, resulting in a score of 16/100. However, the company holds substantial cash reserves (101% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Aptera Motors Corp. generates a -214.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
For every $1 of reported earnings, Aptera Motors Corp. generates $0.35 in operating cash flow (-$15.3M OCF vs -$43.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Aptera Motors Corp.'s EBITDA was -$47.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Aptera Motors Corp. reported -$43.9M in net income in fiscal year 2025.
Cash & Balance Sheet
Aptera Motors Corp. generated -$16.7M in free cash flow in fiscal year 2025, representing cash available after capex.
Aptera Motors Corp. held $9.6M in cash against $0 in long-term debt as of fiscal year 2025.
Aptera Motors Corp. had 37M shares outstanding in fiscal year 2025.
Margins & Returns
Aptera Motors Corp.'s ROE was -214.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Aptera Motors Corp. invested $21.3M in research and development in fiscal year 2025.
Aptera Motors Corp. invested $1.4M in capex in fiscal year 2025, funding long-term assets and infrastructure.
SEV Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $4.7M | N/A | N/A | N/A | $5.3M | N/A | N/A |
| SG&A Expenses | $3.2M | N/A | N/A | N/A | $3.1M | N/A | N/A |
| Operating Income | -$7.9M | N/A | N/A | N/A | -$8.3M | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$5.5M+54.5% | -$12.1M-11.1% | -$10.9M | N/A | -$8.2M-47.2% | -$5.6M+54.5% | -$12.2M |
| EPS (Diluted) | $-0.23 | N/A | N/A | N/A | $-0.35 | N/A | N/A |
SEV Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $34.9M | N/A | N/A | $34.9M | N/A | N/A | N/A |
| Current Assets | $15.2M | N/A | N/A | $14.4M | N/A | N/A | N/A |
| Cash & Equivalents | $12.0M | N/A | N/A | $13.2M-27.8% | $18.2M | N/A | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $7.7M | N/A | N/A | $8.0M | N/A | N/A | N/A |
| Current Liabilities | $7.0M | N/A | N/A | $6.6M | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $27.2M+1.6% | $26.8M+15.3% | $23.3M-13.5% | $26.9M-13.8% | $31.2M+7.1% | $29.1M+5.9% | $27.5M |
| Retained Earnings | -$305.8M | N/A | N/A | -$277.4M | N/A | N/A | N/A |
SEV Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SEV Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -20.2%+24.9pp | -45.0%+1.7pp | -46.7% | N/A | -26.3%-7.2pp | -19.1%+25.4pp | -44.5% |
| Return on Assets | -15.7% | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 2.15 | N/A | N/A | 2.20 | N/A | N/A | N/A |
| Debt-to-Equity | 0.28 | N/A | N/A | 0.30 | N/A | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Aptera Motors Corp. profitable?
No, Aptera Motors Corp. (SEV) reported a net income of -$43.9M in fiscal year 2025.
What is Aptera Motors Corp.'s EBITDA?
Aptera Motors Corp. (SEV) had EBITDA of -$47.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Aptera Motors Corp.'s return on equity (ROE)?
Aptera Motors Corp. (SEV) has a return on equity of -214.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Aptera Motors Corp.'s free cash flow?
Aptera Motors Corp. (SEV) generated -$16.7M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Aptera Motors Corp.'s operating cash flow?
Aptera Motors Corp. (SEV) generated -$15.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Aptera Motors Corp.'s total assets?
Aptera Motors Corp. (SEV) had $30.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Aptera Motors Corp.'s capital expenditures?
Aptera Motors Corp. (SEV) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Aptera Motors Corp. spend on research and development?
Aptera Motors Corp. (SEV) invested $21.3M in research and development during fiscal year 2025.
What is Aptera Motors Corp.'s current ratio?
Aptera Motors Corp. (SEV) had a current ratio of 1.07 as of fiscal year 2025, which is considered adequate.
What is Aptera Motors Corp.'s debt-to-equity ratio?
Aptera Motors Corp. (SEV) had a debt-to-equity ratio of 0.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Aptera Motors Corp.'s return on assets (ROA)?
Aptera Motors Corp. (SEV) had a return on assets of -145.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Aptera Motors Corp.'s cash runway?
Based on fiscal year 2025 data, Aptera Motors Corp. (SEV) had $9.6M in cash against an annual operating cash burn of $15.3M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Are Aptera Motors Corp.'s earnings high quality?
Aptera Motors Corp. (SEV) has an earnings quality ratio of 0.35x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Aptera Motors Corp.?
Aptera Motors Corp. (SEV) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.