Stark Varg EX Claims Title of World’s Top-Selling Enduro, and It’s Actually Profitable

Barcelona-based Stark Future has dropped a bombshell: its electric Varg EX has overtaken every gas-powered rival to become the world’s best-selling enduro motorcycle. The claim comes with hard numbers—first-half 2026 revenue hit €86.0 million (about $99 million), a 46% jump over the same period last year, and Stark turned EBIT-positive for the first time in its history. EBITDA, which excludes depreciation and amortization, clocked in at €5.3 million on a 6.1% margin, a dramatic turnaround from a €1.7 million loss a year earlier—a swing of roughly €7 million.

Gross margin surged 9.3 points to 39.6% as per-bike costs dropped with higher volume. Stark delivered 8,124 motorcycles in the half, up 45%, and set company records in the second quarter for monthly revenue, dealer sell-out, and factory output. Founder and CEO Anton Wass emphasized disciplined execution: “We set a plan, and we exceeded it.

Reaching EBIT-positive while still investing heavily in new technology is the part that matters. It shows the growth is funded by strong underlying profitability, real demand, and disciplined execution—not by burning cash.” The margin story extends beyond bikes. Spare-parts revenue more than tripled year over year, and software revenue hit records after the launch of Stark’s patent-pending Dynamic Traction Control.

Parts and software carry fatter margins than complete motorcycles, and both scale as more bikes hit the road. Stark’s best-seller claim is self-reported; the company cited no registration data. In April, it claimed the top spot in Germany, France, and Italy, capturing roughly 50% of the German enduro market in its first year.

Growth is cooling from a steep curve—first-quarter revenue rose 212%, so a 46% half-year increase means the second quarter grew far more slowly year over year, even as it set sequential records. The timing is no accident: Stark is raising capital this year, with several institutions in due diligence, and is preparing for an IPO within three years. It also hired a new CFO, Max Cichon, who brings Tier-1 automotive experience.

Profitable growth is exactly the story lenders and future shareholders want to hear. Stark took in €115 million in revenue in calendar year 2025 and has already cleared three-quarters of that in six months. “We remain confident in our full-year forecast,” Wass said. For U.S. riders, the news hits closer to home: the United States is Stark’s largest market, and the company is beefing up dealer support, service coverage, spare-parts supply, and retail financing ahead of a bigger push.