Aurora Innovation, Inc. AUR
Our mission is to deliver the benefits of self-driving technology safely, quickly, and broadly.
Aurora was founded in 2017 by Chris Urmson, Sterling Anderson, and Drew Bagnell, three of the most prominent leaders in the self-driving space. Led by a team with deep experience, including Chris and Drew, we have launched and are continuing to develop the Aurora Driver based on what we believe to be the most advanced and scalable suite of self-driving hardware, software, and data services in the world to fundamentally transform the global transportation market. The Aurora Driver is designed as a platform to adapt and interoperate amongst a multitude of vehicle types and applications. To date, we have successfully integrated the Aurora Driver into numerous different vehicle platforms designed to meet its requirements: from passenger vehicles to light commercial vehicles to Class 8 trucks. By creating a common driver platform for multiple vehicle types and use cases, the capabilities we develop in one market reinforce and strengthen our competitive advantages in other areas. For example, highway driving capabilities developed for trucking will carry over to highway segments driven by passenger vehicles in ride hailing applications. We believe this is the right approach to bring self-driving to market and will enable us to target and transform multiple massive markets, including trucking, passenger mobility, and local goods delivery.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0M | $0 | $0 | $68.0M | $82.0M | $0 | $19.6M | — |
| Cost of revenue | $17.0M | $0 | $0 | — | — | — | — | — |
| Gross profit | -$14.0M | $0 | $0 | — | — | — | — | — |
| R&D | $745.0M | $676.0M | $716.0M | $677.0M | $697.0M | $179.0M | $107.4M | — |
| SG&A | $142.0M | $110.0M | $119.0M | $129.0M | $116.0M | $39.0M | $25.6M | — |
| Total operating expenses | — | $786.0M | $835.0M | $1.92B | $813.0M | $218.0M | $133.1M | — |
| Operating income | -$901.0M | -$786.0M | -$835.0M | -$1.85B | -$731.0M | -$218.0M | -$113.5M | — |
| Pre-tax income | -$816.0M | -$748.0M | -$796.0M | -$1.72B | -$760.0M | -$214.0M | -$101.8M | — |
| Income tax | $0 | $0 | $0 | $0 | $5.0M | $0 | $7.8M | — |
| Net income | -$816.0M | -$748.0M | -$796.0M | -$1.72B | -$755.0M | -$214.0M | -$94.1M | — |
| EPS, basic | -0.44 | -0.46 | -0.60 | -1.51 | -1.22 | -0.79 | -0.37 | — |
| EPS, diluted | -0.44 | -0.46 | -0.60 | -1.51 | -1.22 | -0.79 | -0.37 | — |
| Shares, diluted (wtd. avg.) | $1.84B | $1.62B | $1.33B | $1.14B | $621.0M | $271.0M | $254.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $221.0M | $211.0M | $518.0M | $277.0M | $1.63B | $400.0M | $247.0M | $79.5M |
| Short-term investments | — | — | — | $839.0M | $0 | — | — | — |
| Total current assets | $1.32B | $1.25B | $1.22B | $1.12B | $1.68B | $406.4M | — | — |
| Property, plant and equipment | $103.0M | $104.0M | $94.0M | $91.0M | $94.0M | $10.9M | — | — |
| Goodwill | — | $0 | $0 | $0 | $1.11B | $30.0M | — | — |
| Other intangibles | $617.0M | $617.0M | $617.0M | $618.0M | $617.0M | $52.7M | — | — |
| Total assets | $2.34B | $2.14B | $2.23B | $2.00B | $3.69B | $618.9M | — | — |
| Accounts payable | — | — | — | — | $7.9M | $6.5M | — | — |
| Total current liabilities | $111.0M | $105.0M | $111.0M | $83.0M | $91.0M | $32.0M | — | — |
| Total liabilities | $203.0M | $263.0M | $250.0M | $217.0M | $348.0M | $132.2M | — | — |
| Retained earnings | -$5.17B | -$4.36B | -$3.61B | -$2.81B | -$1.09B | — | — | — |
| Total equity | $2.14B | $1.88B | $1.99B | $1.78B | $3.34B | -$277.0M | -$83.0M | -$24.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$581.0M | -$611.0M | -$598.0M | -$508.0M | -$564.0M | -$192.0M | -$94.7M | — |
| Depreciation and amortisation | $30.0M | $21.0M | $21.0M | $22.0M | $16.0M | $3.0M | $1.8M | — |
| Stock-based compensation | $188.0M | $144.0M | $160.0M | $156.0M | $220.0M | $17.0M | $28.1M | — |
| Capital expenditure | $31.0M | $34.0M | $15.0M | $15.0M | $48.0M | $7.0M | $3.8M | — |
| Investing cash flow | -$245.0M | -$172.0M | $8.0M | -$852.0M | $250.0M | $343.0M | -$372.5M | — |
| Financing cash flow | $834.0M | $492.0M | $831.0M | $11.0M | $1.54B | $2.0M | $634.7M | — |
| Buybacks | — | — | — | — | $755.0M | — | — | — |
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 0001828108-26-000016.
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