Earnings ·
Factorial Energy reports first commercial revenue of $26k for Q3 2026 and achieves 450 Wh/kg aerospace cell target
CGCTFactorial Energy Inc.
Factorial Energy Inc. announced its financial results for the third quarter ended September 30, 2026, recording approximately $26,000 in revenue from an aerospace customer, marking its first commercial sales ahead of a previously disclosed 2027 timeline. The company reported a gross loss of $1.8 million, primarily driven by inventory write-downs, and operating expenses of $14.6 million. GAAP net income was $8.8 million for the quarter, largely due to a $24.0 million non-cash gain on warrant liabilities. Factorial also confirmed that its aerospace program cells achieved a 450 Wh/kg energy density target ahead of schedule. The company maintains a cash position of approximately $95.4 million and lowered its full-year non-GAAP operating expense guidance to $36–$38 million. Factorial Energy Inc. is a solid-state battery technology innovator developing high-performance cells for aerospace, mobility, and energy storage applications.