The significant revenue growth, improved margins, and strong forward guidance suggest a positive inflection point for Amprius. Traders should monitor the company's ability to execute on its 2026 guidance, particularly its progress in scaling production and maintaining gross margins. The stock may react positively to continued execution and any updates on its defense contracts.
Price Chart
Executive Summary
Amprius Technologies reported strong Q4 and full-year 2025 financial results, with Q4 revenue up 137% YoY to $25.2 million and full-year revenue up over 3X to $73.0 million. Despite a net loss of $44.0 million (including a $22.5 million impairment charge), the company achieved its first positive quarterly non-GAAP adjusted EBITDA of $1.8 million. Management provided bullish 2026 guidance, projecting revenue of at least $125 million, a net loss below $8 million, and positive non-GAAP adjusted EBITDA of at least $4 million.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $25.2 million, up 137% YoY and 18% sequentially.
- Full-year 2025 revenue was $73.0 million, up 202% YoY.
- Q4 gross margin improved to 24%, and the company achieved its first positive quarterly non-GAAP adjusted EBITDA of $1.8 million.
- Net loss for Q4 was $24.4 million, which includes a $22.5 million one-time impairment charge.
- Management provided strong 2026 guidance: revenue of at least $125 million, net loss below $8 million, and positive non-GAAP adjusted EBITDA of at least $4 million.
- The company secured a $14.8 million agreement with the Defense Innovation Unit (DIU) and established a U.S.-based manufacturing partner for its NDAA-compliant batteries.
Financial Impact
Revenue growth of over 200% in 2025 and a projected 70%+ growth in 2026, with a significant improvement in gross margin and a path to profitability.
Risk Factors
- The company reported a net loss of $44.0 million for 2025, which includes a $22.5 million one-time impairment charge. While adjusted metrics are improving, the company is not yet profitable on a GAAP basis.
- The bullish guidance is forward-looking and subject to risks such as supply chain disruptions, cost inflation, and the company's ability to scale production as planned.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001899287-26-000009 |
| Document: ampx-20260304.htm | 0001899287-26-000009 |
| Document: 0001899287-26-000009-index-headers.html | 0001899287-26-000009 |
| Document: 0001899287-26-000009-index.html | 0001899287-26-000009 |
| Document: 0001899287-26-000009.txt | 0001899287-26-000009 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | S-3ASR | $8.87 | awaiting T+60 | — | $8.88 (+0.11%) |
Sep 25, 2026 4w ago | 8-K | $9.60 | awaiting T+60 | — | $8.88 (−7.50%) |
Aug 25, 2026 9w ago | Insider Cluster | $10.20 | awaiting T+60 | — | $8.88 (−12.94%) |
Aug 13, 2026 10w ago | 8-K | $12.51 | awaiting T+60 | — | $8.88 (−29.02%) |
Aug 1, 2026 12w ago | Institutional Cluster | $10.12 $8.78 | ▲ +13.29% | ▲ +15.07% | $8.88 (+12.25%) |
Jun 11, 2026 19w ago | Insider Cluster | $16.31 $10.39 | ▼ −36.30% | ▼ −39.56% | $8.88 (−45.55%) |
Jun 11, 2026 19w ago | Institutional Cluster | $17.10 $9.89 | ▼ −42.16% | ▼ −46.56% | $8.88 (−48.07%) |
Jun 8, 2026 20w ago | 144 | $4.84 | awaiting T+60 | — | $8.88 (−83.47%) |
May 28, 2026 21w ago | 144 | — | awaiting T+60 | — | — |
May 28, 2026 21w ago | Insider Cluster | $20.28 $9.86 | ▲ +51.38% | ▲ +52.56% | $8.88 (+56.21%) |
US Market Status
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