AEye, Inc. LIDR
We are a provider of physical AI sensing solutions built on high-performance, active lidar systems for vehicle autonomy, advanced driver-assistance systems (ADAS), robotic vision and a range of Non-Automotive applications. Our physical AI approach combines software‑defined sensing with adaptive perception capabilities that enable machines to interpret and respond to complex physical environments in real time. Our proprietary Intelligent Sensing Platform incorporates a solid‑state, software‑definable active lidar sensor; an adaptive SmartScan architecture that dynamically adjusts scan patterns for different scenes and targets; and a signal‑processing pipeline designed to deliver precise measurements and imaging for safety‑critical use cases. This platform is designed to support a broad set of markets beyond passenger vehicles, including rail, aerospace and defense, smart infrastructure, and security, where long‑range performance, environmental robustness, and software‑based configurability are key requirements.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $233.0K | $202.0K | $1.5M | $3.6M | $3.0M | $1.6M | — | — |
| Cost of revenue | $554.0K | $778.0K | $15.3M | $8.7M | $3.6M | $808.0K | — | — |
| Gross profit | -$321.0K | -$576.0K | -$13.9M | -$5.1M | -$630.0K | $771.0K | — | — |
| R&D | $13.9M | $16.4M | $26.2M | $37.6M | $26.5M | $17.1M | — | — |
| SG&A | $14.9M | $18.3M | $25.2M | $36.8M | $25.5M | $6.7M | $98 | — |
| Total operating expenses | $31.4M | $35.3M | $73.9M | $93.7M | $62.6M | $27.3M | — | — |
| Operating income | -$31.7M | -$35.8M | -$87.8M | -$98.8M | -$63.2M | -$26.5M | -$548 | — |
| Pre-tax income | -$33.9M | -$35.5M | -$87.1M | -$98.7M | -$65.0M | -$2.9M | -$548 | — |
| Income tax | $11.0K | $2.0K | $57.0K | $58.0K | $0 | $0 | — | — |
| Net income | -$34.0M | -$35.5M | -$87.1M | -$98.7M | -$65.0M | -$26.6M | -$548 | — |
| EPS, basic | -1.47 | -4.89 | -14.95 | -18.82 | -0.60 | -0.26 | — | — |
| EPS, diluted | — | — | -14.95 | -18.82 | -0.60 | -0.26 | — | — |
| Shares, diluted (wtd. avg.) | $23.1M | $7.3M | $5.8M | $5.2M | $109.1M | $102.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $43.4M | $10.3M | $16.9M | $19.1M | $16.3M | $16.5M | $8.2M | — |
| Short-term investments | $43.1M | $12.0M | $19.6M | $75.1M | $149.8M | $0 | — | — |
| Receivables | $77.0K | $11.0K | $131.0K | $617.0K | $4.2M | $156.0K | — | — |
| Inventory | $1.0M | $176.0K | $583.0K | $4.6M | $4.1M | $2.7M | — | — |
| Total current assets | $89.6M | $25.2M | $39.8M | $105.5M | $177.4M | $19.5M | $25.0K | — |
| Property, plant and equipment | $577.0K | $605.0K | $281.0K | $7.7M | $5.1M | $4.9M | — | — |
| Total assets | $90.9M | $27.1M | $54.3M | $133.3M | $186.2M | $25.9M | $25.0K | — |
| Accounts payable | $3.6M | $3.6M | $3.4M | $3.2M | $2.5M | $1.8M | — | — |
| Short-term debt | — | — | — | $8.6M | $0 | $2.7M | — | — |
| Total current liabilities | $8.6M | $11.3M | $10.0M | $22.6M | $13.6M | $37.6M | $2.4K | — |
| Long-term debt | — | — | — | $0 | $0 | $2.9M | — | — |
| Total liabilities | $9.6M | $12.0M | $25.3M | $39.4M | $17.4M | $44.1M | $2.4K | — |
| Retained earnings | -$407.1M | -$373.1M | -$337.6M | -$250.5M | -$151.8M | -$86.8M | -$2.4K | — |
| Total equity | $81.3M | $15.1M | $29.0M | $94.0M | $168.8M | -$18.2M | $5.7M | $23.1K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$27.8M | -$26.6M | -$50.7M | -$71.6M | -$55.7M | -$19.7M | — | — |
| Depreciation and amortisation | $155.0K | $129.0K | $1.5M | $1.4M | $1.0M | $922.0K | — | — |
| Stock-based compensation | $5.5M | $9.0M | $18.1M | $24.0M | $10.0M | $2.0M | — | — |
| Capital expenditure | $109.0K | $486.0K | $2.0M | $4.2M | $1.0M | $4.0M | — | — |
| Investing cash flow | -$30.8M | $7.7M | $55.4M | $68.5M | -$151.5M | -$4.0M | — | — |
| Financing cash flow | $91.7M | $10.1M | -$6.8M | $8.1M | $207.1M | $32.0M | $25.0K | — |
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 0001437749-26-008858.
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