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Amprius Technologies (AMPX) investor relations material

Amprius Technologies Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Achieved record Q3 2025 revenue of $21.4 million, up 42% sequentially and 173% year-over-year, driven by new and repeat customers in electric aerospace, light electric vehicles, and strong SiCore battery sales.

  • Net loss narrowed to $3.9 million for Q3 2025 from $10.9 million in Q3 2024, reflecting improved gross profit and higher sales volume.

  • Shipped batteries to 159 end customers, including 80 new customers, expanding the total customer base to 444 since Q1 2023.

  • Secured a $35 million follow-on purchase order from a leading UAS manufacturer and deepened relationships with key partners like AeroVironment and Nordic Wing.

  • Expanded manufacturing capacity in Fremont, CA, and delivered high-energy SiCore cells to major drone and UAV customers.

Financial highlights

  • Q3 2025 revenue reached $21.4 million, a 42% increase from Q2 and 2.7x higher than Q3 2023; nine-month revenue was $47.8 million.

  • Gross margin improved to 15% in Q3 2025 from 9% in Q2 and -65% in Q3 2024, mainly due to favorable product mix and higher CyCore sales.

  • Operating loss narrowed to $4.7 million, down over 30% quarter-over-quarter; net loss was $3.9 million (negative $0.03 per share).

  • Adjusted EBITDA loss reduced to $1.4 million from $3.8 million in Q2, improved by over 60% quarter-over-quarter.

  • Ended Q3 with $73.2 million in cash and no debt; $53.3 million in backlog, up 83% quarter-over-quarter.

Outlook and guidance

  • Expect continued growth in defense and public safety markets, with strong pipeline and increasing repeat orders.

  • Strategic investments underway to diversify supply chain and expand Fremont manufacturing, supported by a $12 million DIU contract.

  • Management expects continued investment in R&D and manufacturing expansion, with additional losses anticipated as the business scales.

  • Current revenue levels and slight improvements could lead to cash consumption mainly for working capital, with path to EBITDA and cash flow break-even dependent on incremental revenue.

  • Construction of the Brighton, Colorado GWh-scale facility is contingent on funding and market conditions.

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Frequently asked questions

Amprius Technologies Inc. is active in the development and manufacturing of high-energy and high-capacity lithium-ion batteries, known for producing some of the industry’s highest energy density cells. Established in 2008, the company has carved a niche in the battery industry with its pioneering silicon anode technology. This innovation enables the production of batteries that offer significant improvements in energy density and battery performance compared to conventional lithium-ion batteries. Amprius' products are primarily utilized in mobility applications, including emerging aviation technologies such as unmanned aerial systems, drones, and high-altitude pseudo satellites, addressing the increasing demand for efficient and reliable power sources in these sectors. The company is headquartered in Fremont, California, and its shares are listed on the stock exchange.

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