Aeva Technologies, Inc. is a technology company that designs, manufactures, and sells advanced 4D LiDAR sensing systems and perception software. Headquartered in Mountain View, California, the company serves the automotive, industrial automation, consumer electronics, and robotics markets. Aeva is distinctive for its proprietary Frequency Modulated Continuous Wave (FMCW) technology, which integrates LiDAR components onto a silicon photonics chip to simultaneously measure both the 3D position and instant velocity of objects.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
18,079
9,065
4,312
4,192
Cost of Sales
18,739
12,855
10,198
8,447
Gross Profit
(660)
(3,790)
(5,886)
(4,255)
Selling, General & Administrative Expenses
41,513
40,415
39,399
38,113
Research & Development Expenses
85,424
102,667
102,503
109,587
Other Operating Expenses
—
11,500
—
—
Operating Profit
(127,597)
(158,372)
(147,788)
(151,955)
Interest and Investment Income
2,738
7,712
8,925
3,707
Non-Operating Income
(20,261)
(1,430)
(10,470)
943
Total Non-Operating Income
(17,523)
6,282
(1,545)
4,650
Income Before Provision for Income Taxes
(145,120)
(152,090)
(149,333)
(147,305)
Provision for Income Taxes
308
171
—
—
Consolidated Net Income
(145,428)
(152,261)
(149,333)
(147,305)
Net Income Attributable to Common Shareholders
(145,428)
(152,261)
(149,333)
(147,305)
Basic EPS
-2.55
-2.85
-3.29
-3.39
Diluted EPS
-2.55
-2.85
-3.29
-3.39
Basic Weighted Average Shares Outstanding
57,023
53,360
45,412
43,462
Diluted Weighted Average Shares Outstanding
57,023
53,360
45,412
43,462
Shares Outstanding
61,580
54,140
49,007
43,681
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
72,291
28,864
38,547
67,420
Short-Term Investments
49,608
83,143
182,481
256,392
Total Cash and Cash Equivalents
121,899
112,007
221,028
323,812
Accounts Receivable
3,363
1,187
628
2,887
Total Trade Receivables
3,363
1,187
628
2,887
Inventories
5,787
2,345
2,374
2,951
Other Current Assets
—
—
5,195
5,473
Total Current Assets
153,525
123,300
229,225
335,123
Net Property, Plant & Equipment
18,325
14,158
19,403
17,122
Net Intangible Assets
825
1,725
2,625
3,525
Other Long-Term Assets
7,026
8,306
6,132
862
Total Assets
179,701
147,489
257,385
356,632
Accounts Payable
5,885
5,453
3,602
5,182
Accrued Expenses
26,008
11,493
8,691
13,784
Current Portion of Leases
1,488
3,039
3,587
2,667
Other Current Liabilities
2,488
19,174
2,524
194
Total Current Liabilities
35,869
39,159
18,404
21,827
Long-Term Debt
96,693
—
—
—
Leases
4,213
720
3,767
4,789
Other Long-Term Liabilities
29,711
8,258
6,772
90
Total Long-Term Liabilities
130,617
8,978
10,539
4,879
Total Liabilities
166,486
48,137
28,943
26,706
Common Stock
6
6
5
22
Additional Paid-in Capital
770,502
711,160
688,124
643,756
Accumulated Other Comprehensive Income
(4)
47
(87)
(3,585)
Retained Earnings
(757,289)
(611,861)
(459,600)
(310,267)
Total Common Shareholders' Equity
13,215
99,352
228,442
329,926
Total Shareholders' Equity
13,215
99,352
228,442
329,926
Total Liabilities and Shareholders' Equity
179,701
147,489
257,385
356,632
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
(145,428)
(152,261)
(149,333)
(147,305)
Depreciation & Amortization
8,487
8,943
7,730
6,147
Share-Based Compensation Expense
21,843
23,708
23,675
24,247
Other Adjustments
25,104
(348)
3,933
1,112
Changes in Trade Receivables
(2,537)
(559)
2,259
(546)
Changes in Inventories
(3,936)
(1,111)
353
(2,552)
Changes in Accounts Payable
(504)
1,835
(1,592)
1,287
Changes in Accrued Expenses
11,476
2,074
(5,093)
7,478
Changes in Other Operating Activities
(29,582)
10,806
(758)
221
Cash from Operating Activities
(115,077)
(106,913)
(118,826)
(109,911)
Capital Expenditure
(4,609)
(5,107)
(6,104)
(7,439)
Purchases of Investments
(75,014)
(79,980)
(157,364)
(210,197)
Proceeds from Sale of Investments
109,549
182,988
232,745
328,526
Cash from Investing Activities
29,926
97,901
69,277
110,890
Issuance of Long-Term Debt
100,000
—
—
—
Net Issuance / (Repayments) of Long-Term Debt
100,000
—
—
—
Issuance of Common Shares
32,628
81
21,693
351
Repurchases of Common Shares
(578)
(752)
(199)
(720)
Net Issuance / (Repurchases) of Common Shares
32,050
(671)
21,494
(369)
Other Financing Activities
(3,472)
—
(818)
—
Cash from Financing Activities
128,578
(671)
20,676
(369)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash