Factorial Energy — Q3 2026 Earnings Summary

Financial Performance:

• Recorded first commercial revenue, achieved well ahead of the previously disclosed 2027 objective.
• Specific financial figures for revenue, earnings, profit margins, cash flow, deferred revenue, or debt are not stated in the press release.

Business Segments and Product Lines:

• Aerospace program cells achieved the 450 Wh/kg energy density target ahead of the year-end schedule.
• Technology powered a Group I drone to a world record flight duration of 521 minutes and a distance of roughly 483 km (300 miles) in a single mission in 2026.
• In automotive applications, a lightly modified Mercedes-Benz test vehicle surpassed 1,200 km of range on a single charge in real-world testing.
• Technology was integrated into a fully built Dodge Charger Daytona demonstration vehicle with Stellantis in 2026.
• Proprietary FEST® and Solstice™ platforms are engineered for scalable manufacturing across aerospace, energy storage, and mobility applications.

Other Key Points:

• Factorial is backed by IQT (a not-for-profit strategic investor for the U.S. national security community and America's allies), Mercedes-Benz, Stellantis, Hyundai, and Kia.
• A shareholder letter discussing Q3 2026 results and milestones is available on the company's Investor Relations website.
• A conference call was hosted on November 10, 2026, at 4:30 PM ET to discuss results, with a live webcast and dial-in options provided.