Aptera Motors (SEV) Operating Expenses (2024 - 2026)
Aptera Motors (SEV) posted Operating Expenses of $10.3 million for Q1 2026, down 31.58% on a QoQ basis from $15.1 million in Q4 2025, and down 7.44% year-over-year from $11.2 million in Q1 2025.
Analysis
Aptera Motors (SEV) Operating Expenses (2024 - 2026) Analysis & Trends
Aptera Motors has reported Operating Expenses for 3 years, with the latest figure at $10.3 million in Q1 2026.
- On a quarterly basis, Operating Expenses fell 7.44% year-over-year to $10.3 million in Q1 2026; TTM through Mar 2026 was $44.5 million, a N/A change from a year earlier, with the FY2025 full-year figure at $48.1 million, up 29.6% from the prior year.
- Operating Expenses was $10.3 million for Q1 2026 at Aptera Motors, down from $15.1 million in the prior quarter.
- The five-year high for Operating Expenses was $15.1 million in Q4 2025, with the low at $7.9 million in Q3 2025.
- Average Operating Expenses over 3 years is $10.5 million, with a median of $10.2 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 50.68% in 2025, then fell 7.44% in 2026.
- Over 3 years, Operating Expenses stood at $10.0 million in 2024, then surged by 50.68% to $15.1 million in 2025, then plunged by 31.58% to $10.3 million in 2026.
- The last three Operating Expenses figures came in at $10.3 million (Q1 2026), $15.1 million (Q4 2025), and $7.9 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,195.57 Bn | 1,152.05 Bn | 4.75 Bn | 4.35 Bn |
| 2 | Toyota Motor | 256.51 Bn | 178.52 Bn | 12.27 Bn | 78.18 Bn |
| 3 | Honda Motor | 125.77 Bn | 85.64 Bn | 8.46 Bn | -34.70 Bn |
| 4 | Ford Motor | 79.62 Bn | 48.29 Bn | 6.08 Bn | 47.66 Bn |
| 5 | General Motors | 76.15 Bn | 51.43 Bn | 7.33 Bn | 46.57 Bn |
| 6 | Rivian Automotive | 21.60 Bn | 16.29 Bn | 179.00 Mn | 1.02 Bn |
| 7 | Nio | 8.66 Bn | 2.33 Bn | 870.51 Mn | -921.68 Mn |
| 8 | VinFast Auto | 7.19 Bn | 7.19 Bn | -677,431.76 Bn | -142,396.46 Bn |
| 9 | Li Auto | 5.98 Bn | -6.51 Bn | 417.98 Mn | -757.09 Mn |
| 10 | Aptera Motors | 73.61 Mn | 55.89 Mn | - | 10.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 10.33 Mn |
| Dec 31, 2025 | 15.10 Mn |
| Sep 30, 2025 | 7.94 Mn |
| Mar 31, 2025 | 11.16 Mn |
| Dec 31, 2024 | 10.02 Mn |
| Sep 30, 2024 | 8.34 Mn |