- \n
- Q4 revenue up 137% to $25.2 million; full-year 2025 revenue up over 3X to $73.0 million<\/i><\/li>\n<\/ul>\n
- \n
- Net loss of $44.0 million reflects one time impairment charges of $22.5 million as Q4 gross margin improved to 24% driving first positive quarterly non-GAAP adjusted EBITDA of $1.8 million<\/i><\/li>\n<\/ul>\n
- \n
- Expecting 2026 revenue growth of at least 70% to $125 million or more, with net loss below $8 million, and positive non-GAAP Adjusted EBITDA of at least $4 million<\/i><\/li>\n<\/ul>\n
FREMONT, Calif.–(BUSINESS WIRE<\/a>)–Amprius Technologies, Inc.<\/b><\/a> (“Amprius” or the “Company”) (NYSE: AMPX)<\/b>, a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced financial results for the fourth quarter and full year ended December 31, 2025, and discussed recent business developments.<\/p>\n
\nRevenue for the fourth quarter of 2025 was $25.2 million, compared to $10.6 million in the fourth quarter of 2024. Net loss was $24.4 million, compared to a net loss of $11.4 million in the fourth quarter of 2024. Net loss per share was $0.18, compared to a net loss per share of $0.10 in the fourth quarter of 2024. Results reflect a fourth quarter 2025 charge of $22.5 million reflecting the impairment of assets linked to a facility in Colorado, discussed below, along with other one-time fixed asset write-downs. Adjusting for these one-time charges, the Company\u2019s net loss for the fourth quarter would have been $1.9 million, or $0.01 per share.<\/p>\n
\nRevenue for the full year 2025 was $73.0 million, compared to $24.2 million in 2024, an increase of 202%. Net loss for the year was $44.0 million, compared to a net loss of $44.7 million in 2024. Net loss per share for the year was $0.35, compared to a loss of $0.45 per share in 2024. Adjusting for the one-time charges in Q4 of $22.5 million, the Company\u2019s full-year 2025 net loss would have been $21.5 million, or $0.17 cents per share.<\/p>\n
Q4 2025 Financial Highlights<\/b><\/p>\n
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- \nRecord revenue of $25.2 million, up 18% sequentially and 137% year-over-year (YoY)<\/p>\n<\/li>\n
- \nDelivered gross margin of 24%, with gross profit improving 80% sequentially and 365% YoY<\/p>\n<\/li>\n
- \nNet loss of $24.4 million, a $20.5 million increase sequentially and $13.0 million increase YoY. Excluding the $22.5 million charge, described above, adjusted net loss was $1.9 million.<\/p>\n<\/li>\n
- \nNon-GAAP Adjusted EBITDA of $1.8 million, up $1.6 million sequentially and $6.5 million YoY<\/p>\n<\/li>\n<\/ul>\n
Full Year 2025 Financial Highlights<\/b><\/p>\n
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- \nTotal revenue of $73.0 million, up 202% from 2024<\/p>\n<\/li>\n
- \nGross margins of 11%, an 87-percentage point improvement over 2024<\/p>\n<\/li>\n
- \nNet loss of $44.0 million, a $0.6 million improvement YoY. Excluding a $22.5 million loss on impairment of long-lived assets and retirement of property, plant and equipment, adjusted net loss was $21.5 million<\/p>\n<\/li>\n
- \nNon-GAAP Adjusted EBITDA of $(5.3) million, an $18.1 million YoY improvement<\/p>\n<\/li>\n
- \nEnded the year with cash and cash equivalents of $91.9 million<\/p>\n<\/li>\n<\/ul>\n
\n\u201cFor Amprius, 2025 marked a year of meaningful commercial progress, as we expanded our customer base to over 550, increased revenue by over 3x, and advanced the adoption of our silicon anode batteries across multiple end markets,\u201d said Amprius CEO Tom Stepien. \u201cGrowing demand from existing customers, new program wins, and improved execution across our manufacturing partners drove strong momentum throughout the year. Looking ahead to 2026, we plan to leverage our enhanced supply chain to scale production and meet accelerating market demand, supporting continued accretive growth.\u201d<\/p>\n
\nReconciliations of GAAP net loss to non-GAAP Adjusted EBITDA and adjusted non-GAAP net loss excluding one-time charges are provided in the financial schedules that are part of this press release. An explanation of these non-GAAP financial measures is also included below under the heading “Non-GAAP Financial Measures.”<\/p>\n
- Expecting 2026 revenue growth of at least 70% to $125 million or more, with net loss below $8 million, and positive non-GAAP Adjusted EBITDA of at least $4 million<\/i><\/li>\n<\/ul>\n
- Net loss of $44.0 million reflects one time impairment charges of $22.5 million as Q4 gross margin improved to 24% driving first positive quarterly non-GAAP adjusted EBITDA of $1.8 million<\/i><\/li>\n<\/ul>\n
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