Stark Future Q1 2026: Revenue Tripled and First EBITDA-Profitable Quarter

• Revenue up 212 percent compared with Q1 2025
• First EBITDA-profitable quarter in the company’s history
• Results ahead of the company’s internal budget

The Barcelona-based company, founded in 2020 and delivering its first motorcycles to customers three years ago, calls the latest development its most important financial milestone so far. The revenue increase equates to a tripling year on year, or a factor of 3.12. At the same time, the company says it beat its own internal plan. Anton Wass, founder and CEO of Stark Future, sums up the numbers: “We set a plan, we exceeded it, and we did it profitably. Three years ago, Stark delivered its first motorcycles to customers. Today it is one of the world’s fastest growing tech companies, ahead of budget, EBITDA profitable, and continuing to scale because the products keep winning significant market share.”

A strong 2025 full-year result as the foundation

The latest quarterly numbers build on an already dynamic 2025. In that year, Stark Future recorded revenue growth of 77 percent year on year and reached annual revenue of 115 million euros (around 126 million US dollars). In five of the last nine months of 2025, the company was already operating profitably, which paved the way for the current step to full-quarter earnings strength.

What stands out is the combination of growth and earnings power. Many young hardware companies in the tech sector only reach EBITDA profitability much later, because investments in product development, manufacturing and international expansion generate high losses. Stark Future says the current growth is not financed by unsustainable losses, but is driven by real market demand, product strength and increasingly disciplined execution.

The VARG platform as a growth driver

At the centre of business development sits the VARG platform, on which all of the manufacturer’s models are built. The newly launched VARG SM, the supermoto variant of the range, is exceeding expectations, according to the company. The original goal for the VARG SM – more than three percent global market share in the first year on sale – is set to be clearly exceeded. Anton Wass says the target is already proving to be conservatively calculated after just one quarter, and the expansion into further street-motorcycle categories holds additional potential.

The two previously launched models, the VARG MX for motocross use and the VARG EX for the enduro segment, have already hit the three-percent mark globally. The company sees this as proof that the business model can be carried over from the off-road segment into the street segment.

Market shares in Europe at record levels

The figures are particularly striking in the enduro segment. According to Stark Future, the VARG EX is the best-selling enduro model in Germany, France and Italy. In Germany, its market share in the first year of commercial availability is said to have reached around 50 percent. Stark Future describes this as the fastest category penetration in the known history of any vehicle segment. In several other markets the company has also reached market shares of at least 20 percent in the enduro segment, according to its own data.

Germany, France and Italy count among the three most demanding motorcycle markets in Europe. Early leadership in these countries is seen by Stark Future as a signal that electric motorcycles are no longer considered merely an alternative, but are increasingly chosen for their product properties, performance, everyday usability and lower maintenance effort.

Investments in production and quality control

Alongside the sales growth, the company has invested in its industrial base over recent months. The measures include rebalancing the production lines, automated end-of-line inspections, and app-based service tools designed to speed up repairs and make delivery times more reliably plannable. The aim of these steps, according to Stark Future, is a scalable infrastructure that not only carries growth in the short term but also secures it long term.

The fact that the company achieved EBITDA profitability despite these investments is seen by the manufacturer as a sign of operational maturity. At the same time, additional funds are going into battery development, electric motor innovations and connected vehicle systems. To secure the scaling, Stark Future has signed supply agreements with the battery cell manufacturers EVE and Wanxiang A123.

USA as the most important market, IPO in preparation

The United States remains Stark Future’s single biggest market. The company is currently expanding its dealer network, service coverage and spare parts supply there, and is in talks on broader retail financing in order to accelerate growth in North America. From the production and development headquarters in Barcelona, the manufacturer is additionally investing in expanding the platform into larger motorcycle categories.

The move to the stock exchange is part of the medium-term plan. Stark Future says it is preparing an IPO within the next three years. In 2026 the company intends to raise additional capital to finance the expansion into larger global motorcycle segments. Anton Wass links the outlook to a sweeping forecast for the entire industry, saying that the third year of production was the year in which the business model was proven. In the tenth year, he believes, it will become clear that by 2035 around 99 percent of all motorcycles sold will be electric.

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