SHARPE
Reported results
- Total revenue of $33.0 million, down 29% from $46.7 million in Q3 2025
- GAAP net loss of $45.3 million, compared to GAAP net loss of $91.9 million in Q3 2025 (51% improvement)
- GAAP gross loss of $24.5 million, compared to GAAP gross loss of $5.1 million in Q3 2025
- GAAP loss from operations of $46.7 million, compared to GAAP loss from operations of $95.4 million in Q3 2025 (51% improvement)
- Non-GAAP Adjusted EBITDA of negative $36.7 million, compared to non-GAAP Adjusted EBITDA of negative $16.4 million in Q3 2025
- GAAP net loss per share attributable to common stockholders of $0.64, compared to $3.78 in Q3 2025 (83% improvement)
Guidance
- Company is targeting positive non-GAAP Adjusted EBITDA results in the fourth quarter of fiscal 2027, subject to conversion of Awarded Capacity Backlog into Committed Backlog, customer delivery schedules and continued execution of cost reduction initiatives
- Annualized production rate targeted to reach 100 MW in October 2026
- Expansion of Torrington, CT manufacturing facility to 500 MW of total annualized production capacity scheduled for completion by June 2028
Notes
The gross loss in Q3 2026 reflects inventory valuation charges of $17.0 million related to contractual pricing provisions for Phase 0 of the Fit Energy capital equipment purchase agreement. The company’s prior year quarter included $64.5 million in non-cash impairment expense and $4.1 million in restructuring expense, which did not recur in Q3 2026. Cash and cash equivalents, restricted cash and restricted cash equivalents totaled $737.3 million as of July 31, 2026, up from $341.8 million as of October 31, 2025.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-02 (8-K, Item 2.02). Read the original filing on sec.gov.