Factorial Reports Q2 2026 Net Loss of $11.3 Million; Expects First Commercial Revenue in 2027
Factorial Energy reported results for the quarter ended June 30, 2026, with operating expenses of $13.0 million and a GAAP net loss of $11.3 million. The filing reports no revenue figure for the quarter and says the company expects its first commercial revenue in 2027, so the results reflect a company still in its pre-revenue phase.
Key points
- Q2 2026 operating expenses of $13.0 million and GAAP net loss of $11.3 million; six-month net loss of $19.9 million
- Cash and cash equivalents of approximately $112.8 million as of June 30, 2026
- Full-year 2026 outlook: non-GAAP operating expenses of approximately $40 million and capital expenditures of approximately $13 million
- First commercial revenue expected in 2027, citing a July 2026 commercial drone battery order
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.