Aeva Technologies, Inc. AEVA
Our vision is to bring perception to broad applications. Through our Frequency Modulated Continuous Wave ("FMCW") sensing technology, we believe we are introducing the world's first 4D LiDAR-on-chip that, along with our proprietary software applications, have the potential to enable the adoption of LiDAR across broad applications.
Founded in 2017 by former Apple engineers Soroush Salehian and Mina Rezk and led by a multidisciplinary team of engineers and operators experienced in the field of sensing and perception, Aeva's mission is to bring the next wave of perception technology to broad applications from automated driving, manufacturing automation and smart infrastructure, robotics and consumer devices. Our 4D LiDAR-on-chip combines silicon photonics technology that is proven in the telecom industry with precise instant velocity measurements and long-range performance for commercialization.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- North America
- Europe
- Asia
- Oceania
| Region | FY2025 | FY2024 |
|---|---|---|
| North America | $13.3M | $7.8M |
| Europe | $3.9M | $475.0K |
| Asia | $611.0K | $603.0K |
| Oceania | $312.0K | $173.0K |
As the company reported it, from the “Revenue - Summary of Disaggregated Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.1M | $9.1M | $4.3M | $4.2M | $9.3M | $4.8M | $1.4M | — |
| Cost of revenue | $18.7M | $12.9M | $10.2M | $8.4M | $5.8M | $2.7M | $815.0K | — |
| Gross profit | -$660.0K | -$3.8M | -$5.9M | -$4.3M | $3.4M | $2.1M | $569.0K | — |
| R&D | $85.4M | $102.7M | $102.5M | $109.6M | $74.8M | $20.5M | $15.4M | — |
| SG&A | $34.8M | $33.3M | $31.8M | $31.1M | $28.4M | $5.7M | $4.3M | — |
| Total operating expenses | $126.9M | $154.6M | $141.9M | $147.7M | $107.6M | $27.8M | $20.7M | — |
| Operating income | -$127.6M | -$158.4M | -$147.8M | -$152.0M | -$104.2M | -$25.7M | -$20.1M | — |
| Pre-tax income | -$145.1M | -$152.1M | -$149.3M | -$147.3M | -$101.9M | -$25.6M | -$19.6M | — |
| Income tax | $308.0K | $171.0K | $0 | $0 | $0 | $0 | $0 | — |
| Net income | -$145.0M | -$152.0M | -$149.0M | -$147.3M | -$101.9M | -$25.6M | -$19.6M | — |
| EPS, basic | -2.55 | -2.85 | -3.29 | -3.39 | -0.51 | -0.18 | — | — |
| EPS, diluted | -2.55 | -2.85 | -3.29 | -3.39 | -0.51 | -0.18 | -0.17 | — |
| Shares, diluted (wtd. avg.) | 57.0M | 53.4M | 45.4M | 43.5M | 200.8M | 141.7M | 115.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $72.3M | $28.9M | $38.5M | $67.4M | $66.8M | $24.6M | $46.6M | $27.5M |
| Short-term investments | $49.6M | $83.1M | $182.5M | $256.4M | $378.2M | $0 | — | — |
| Receivables | $3.4M | $1.2M | $628.0K | $2.9M | $2.3M | $141.0K | — | — |
| Inventory | $5.8M | $2.3M | $2.4M | $3.0M | $2.1M | $1.2M | — | — |
| Total current assets | $153.5M | $123.3M | $229.2M | $335.1M | $458.5M | $31.0M | $25 | — |
| Property, plant and equipment | $12.8M | $10.3M | $12.1M | $9.7M | $5.1M | $1.6M | — | — |
| Other intangibles | $825.0K | $1.7M | $2.6M | $3.5M | $4.4M | $0 | — | — |
| Total assets | $179.7M | $147.5M | $257.4M | $356.6M | $479.2M | $32.6M | $106.9K | — |
| Accounts payable | $5.9M | $5.5M | $3.6M | $5.2M | $4.4M | $2.1M | — | — |
| Total current liabilities | $35.9M | $39.2M | $18.4M | $21.8M | $14.3M | $5.7M | $81.8K | — |
| Total liabilities | $166.5M | $48.1M | $28.9M | $26.7M | $22.8M | $5.7M | $81.8K | — |
| Retained earnings | -$757.3M | -$611.9M | -$459.6M | -$310.3M | -$163.0M | -$61.1M | -$1.0K | — |
| Total equity | $13.2M | $99.4M | $228.4M | $329.9M | $456.4M | $26.9M | $48.6M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$115.1M | -$106.9M | -$118.8M | -$109.9M | -$82.1M | -$21.2M | -$16.4M | — |
| Depreciation and amortisation | $4.5M | $4.6M | $3.7M | $2.4M | $1.1M | $800.0K | — | — |
| Stock-based compensation | $21.8M | $23.7M | $23.7M | $24.2M | $22.2M | $3.8M | $2.2M | — |
| Capital expenditure | $4.6M | $5.1M | $6.1M | $7.4M | $3.9M | $855.0K | $421.0K | — |
| Investing cash flow | $29.9M | $97.9M | $69.3M | $110.9M | -$388.6M | -$855.0K | -$421.0K | — |
| Financing cash flow | $128.6M | -$671.0K | $20.7M | -$369.0K | $512.9M | $73.0K | $36.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-017859.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.4M | $4.8M | $9.3M | $4.2M | $4.3M | $9.1M | $18.1M |
| Gross profit | — | $569.0K | $2.1M | $3.4M | -$4.3M | -$5.9M | -$3.8M | -$660.0K |
| Net income | — | -$19.6M | -$25.6M | -$101.9M | -$147.3M | -$149.0M | -$152.0M | -$145.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Item 5.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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