Aptera Motors Corp. reported a GAAP net loss of $5.5 million for the third quarter of 2025 and a nine-month net loss of $28.4 million. The company's adjusted net loss was $2.9 million for the quarter and $10.2 million for the nine-month period. Aptera recognized $2.5 million in other income during the third quarter, primarily from a California Energy Commission grant, and $4.6 million for the nine months ended September 30, 2025. The company ended the quarter with $12.0 million in cash and cash equivalents, compared to $18.2 million at the end of the same period in 2024. During the quarter, Aptera focused on building its validation line and assembling its validation fleet. After the quarter ended, Aptera's Class B Common Stock began trading on the Nasdaq Capital Market, and the company secured an equity line of credit for up to $75 million. The company's cash position as of September 30, 2025, raises substantial doubt about its ability to continue as a going concern.