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Aeva Technologies, Inc. engages in the design, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, Oceania, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology. It also offers Aeva Omni, a wide-view short-range 4D LiDAR; Aeva Atlas, a orion long-range 4D LiDAR with data and power over ethernet; CityOS, a AI operating system for real-time traffic intelligence designed to improve safety, efficiency, and data-driven transportation planning in cities; Atlas, a FMCW 4D LiDAR with simultaneous velocity and range detection for mass production and built to meet automotive-grade requirements; Aeva Eve1, a line of high-precision laser displacement sensors for volume industrial automation; and Atlas Ultra, a 4D LiDAR sensor built to meet the performance demands of SAE Level 3 and 4 automated driving systems in passenger and commercial vehicles. Its products are also used in automotive, consumer devices, industrial automation, and security market applications. Aeva Technologies, Inc. was founded in 2017 and is headquartered in Mountain View, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $18M | $-119M | $-145M | $-120M | -1100.5% | 99.4% | -4.5% |
| 2024 | $9M | $-138M | $-152M | $-112M | -153.3% | 110.2% | 2.0% |
| 2023 | $4M | $-140M | $-149M | $-125M | -65.4% | 2.9% | 1.4% |
| 2022 | $4M | $-146M | $-147M | $-117M | -44.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4.19 | 4.31 | 9.06 | 18.08 |
| Operating Revenue | - | 4.19 | 4.31 | 9.06 | 18.08 |
| Cost Of Revenue | - | 8.45 | 10.20 | 12.86 | 18.74 |
| Gross Profit | - | -4.26 | -5.89 | -3.79 | -0.66 |
| Operating Expense | - | 147.70 | 141.90 | 143.08 | 126.94 |
| Research And Development | - | 109.59 | 102.50 | 102.67 | 85.42 |
| Selling General And Administration | - | 38.11 | 39.40 | 40.42 | 41.51 |
| Total Expenses | - | 156.15 | 152.10 | 155.94 | 145.68 |
| Operating Income | - | -151.96 | -147.79 | -146.87 | -127.60 |
| Total Operating Income As Reported | - | -151.96 | -147.79 | -158.37 | -127.60 |
| EBITDA | - | -145.81 | -140.06 | -137.93 | -119.11 |
| Normalized EBITDA | - | -145.81 | -139.88 | -124.94 | -97.66 |
| EBIT | - | -151.96 | -147.79 | -146.87 | -127.60 |
| Interest Income | - | 3.71 | 8.93 | 7.71 | 2.74 |
| Net Interest Income | - | 3.71 | 8.93 | 7.71 | 2.74 |
| Other Non Operating Income Expenses | - | 0.94 | -10.29 | 0.06 | 1.19 |
| Other Income Expense | - | 0.94 | -10.47 | -12.93 | -20.26 |
| Interest Income Non Operating | - | 3.71 | 8.93 | 7.71 | 2.74 |
| Net Non Operating Interest Income Expense | - | 3.71 | 8.93 | 7.71 | 2.74 |
| Pretax Income | - | -147.30 | -149.33 | -152.09 | -145.12 |
| Tax Provision | - | 0 | 0 | 0.17 | 0.31 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -2.73 | -4.51 |
| Net Income Continuous Operations | - | -147.30 | -149.33 | -152.26 | -145.43 |
| Net Income From Continuing And Discontinued Operation | - | -147.30 | -149.33 | -152.26 | -145.43 |
| Net Income From Continuing Operation Net Minority Interest | - | -147.30 | -149.33 | -152.26 | -145.43 |
| Net Income | - | -147.30 | -149.33 | -152.26 | -145.43 |
| Net Income Common Stockholders | - | -147.30 | -149.33 | -152.26 | -145.43 |
| Net Income Including Noncontrolling Interests | - | -147.30 | -149.33 | -152.26 | -145.43 |
| Normalized Income | - | -147.30 | -149.15 | -142 | -128.48 |
| Diluted NI Availto Com Stockholders | - | -147.30 | -149.33 | -152.26 | -145.43 |
| Basic Average Shares | - | 43.46 | 45.41 | 53.36 | 57.02 |
| Diluted Average Shares | - | 43.46 | 45.41 | 53.36 | 57.02 |
| Reconciled Depreciation | - | 6.15 | 7.73 | 8.94 | 8.49 |
| Reconciled Cost Of Revenue | - | 8.45 | 10.20 | 12.86 | 18.74 |
| Total Unusual Items | - | 0 | -0.18 | -12.99 | -21.45 |
| Total Unusual Items Excluding Goodwill | - | 0 | -0.18 | -12.99 | -21.45 |
| Special Income Charges | - | 0 | 0 | -11.50 | 0 |
| Other Special Charges | - | - | - | 11.50 | - |
| Gain On Sale Of Security | - | - | -0.18 | -1.49 | -21.45 |
| General And Administrative Expense | - | 31.07 | 31.76 | 33.26 | 34.83 |
| Other Gand A | - | 31.07 | 31.76 | 33.26 | 34.83 |
| Selling And Marketing Expense | - | 7.04 | 7.64 | 7.16 | 6.68 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Aeva Technologies, Inc.this co. | AEVA | $1.5B | - | 116.35 | -1100.1% | - |
| EverCommerce Inc. | EVCM | $1.7B | 95.62 | 2.35 | 2.5% | 16.25 |
| Harmonic Inc. | HLIT | $1.6B | -36.60 | 4.14 | -11.3% | 67.15 |
| C3.ai, Inc. | AI | $1.5B | -5.32 | 1.83 | -34.4% | -4.42 |
| Allient Inc. | ALNT | $1.5B | 69.27 | 5.06 |
| - |
| - |
| - |
| - |
| - |
| - |
| 7.3% |
| 25.08 |
| Alpha and Omega Semiconductor Limited | AOSL | $1.5B | -15.51 | 1.83 | -11.8% | 37.64 |
| EVERTEC, Inc. | EVTC | $1.4B | 9.90 | 2.25 | 22.8% | 6.46 |
| ADTRAN Holdings, Inc. | ADTN | $1.4B | -30.64 | 9.59 | -31.3% | 19.20 |
| Array Technologies, Inc. | ARRY | $1.4B | - | 5.37 | -43.0% | 42.29 |
| Peer Median | - | -5.32 | 3.24 | -11.5% | 22.14 | |