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
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.
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