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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% | - |
| 2024 | $9M | $-138M | $-152M | $-112M | -153.3% | 110.2% | - |
| 2023 | $4M | $-140M | $-149M | $-125M | -65.4% | 2.9% | - |
| 2022 | $4M | $-146M | $-147M | $-117M | -44.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4.19 | 4.31 | 9.06 | 18.08 |
| Cost Of Revenue | 8.45 | 10.20 | 12.86 | 18.74 |
| Gross Profit | -4.25 | -5.89 | -3.79 | -0.66 |
| Operating Expense | 147.70 | 141.90 | 143.08 | 126.94 |
| Operating Income | -151.96 | -147.79 | -146.87 | -127.60 |
| EBITDA | -145.81 | -140.06 | -137.93 | -119.11 |
| EBIT | -151.96 | -147.79 | -146.87 | -127.60 |
| Pretax Income | -147.31 | -149.33 | -152.09 | -145.12 |
| Tax Provision | 0 | 0 | 0.17 | 0.31 |
| Net Income | -147.31 | -149.33 | -152.26 | -145.43 |
| Net Income Common Stockholders | -147.31 | -149.33 | -152.26 | -145.43 |
| Total Expenses | 156.15 | 152.10 | 155.94 | 145.68 |
| Interest Income | 3.71 | 8.93 | 7.71 | 2.74 |
| Research And Development | 109.59 | 102.50 | 102.67 | 85.42 |
| Selling General And Administration | 38.11 | 39.40 | 40.41 | 41.51 |
| Normalized EBITDA | -145.81 | -139.88 | -124.94 | -97.66 |
| Normalized Income | -147.31 | -149.15 | -142 | -128.48 |
| Basic EPS | -3.40 | -3.30 | -2.85 | -2.55 |
| Diluted EPS | -3.40 | -3.30 | -2.85 | -2.55 |
| Tax Effect Of Unusual Items | 0 | 0 | -2.73 | -4.51 |
| Tax Rate For Calcs | 0 | 0 | 0.21 | 0.21 |
| Total Unusual Items | 0 | -0.18 | -12.99 | -21.45 |
| Total Unusual Items Excluding Goodwill | 0 | -0.18 | -12.99 | -21.45 |
| Net Income From Continuing Operation Net Minority Interest | -147.31 | -149.33 | -152.26 | -145.43 |
| Reconciled Depreciation | 6.15 | 7.73 | 8.94 | 8.49 |
| Reconciled Cost Of Revenue | 8.45 | 10.20 | 12.86 | 18.74 |
| Net Interest Income | 3.71 | 8.93 | 7.71 | 2.74 |
| Net Income From Continuing And Discontinued Operation | -147.31 | -149.33 | -152.26 | -145.43 |
| Total Operating Income As Reported | -151.96 | -147.79 | -158.37 | -127.60 |
| Diluted Average Shares | 43.46 | 45.41 | 53.36 | 57.02 |
| Basic Average Shares | 43.46 | 45.41 | 53.36 | 57.02 |
| Diluted NI Availto Com Stockholders | -147.31 | -149.33 | -152.26 | -145.43 |
| Net Income Including Noncontrolling Interests | -147.31 | -149.33 | -152.26 | -145.43 |
| Net Income Continuous Operations | -147.31 | -149.33 | -152.26 | -145.43 |
| Other Income Expense | 0.94 | -10.47 | -12.93 | -20.26 |
| Other Non Operating Income Expenses | 0.94 | -10.29 | 0.06 | 1.19 |
| Special Income Charges | 0 | 0 | -11.50 | 0 |
| Other Special Charges | 0 | 0 | 11.50 | 0 |
| Gain On Sale Of Security | 0 | -0.18 | -1.49 | -21.45 |
| Net Non Operating Interest Income Expense | 3.71 | 8.93 | 7.71 | 2.74 |
| Interest Income Non Operating | 3.71 | 8.93 | 7.71 | 2.74 |
| Selling And Marketing Expense | 7.04 | 7.64 | 7.16 | 6.68 |
| General And Administrative Expense | 31.07 | 31.76 | 33.26 | 34.83 |
| Other Gand A | 31.07 | 31.76 | 33.26 | 34.83 |
| Operating Revenue | 4.19 | 4.31 | 9.06 | 18.08 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Aeva Technologies, Inc.this co. | AEVA | $928M | - | 68.56 | -1100.5% | -7.43 |
| Rezolve AI PLC | RZLV | $981M | - | 3.35 | -41.1% | -10.09 |
| Amplitude, Inc. | AMPL | $952M | - | 3.92 | -36.1% | -8.40 |
| ScanSource, Inc. | SCSC | $947M | 12.40 | 0.98 | 7.9% | 6.85 |
| EFOR | EFOR | $943M | 10.19 | - |
| 6.3% |
| 6.33 |
| Daktronics, Inc. | DAKT | $928M | 34.62 | 3.13 | -3.7% | 9.89 |
| Cricut, Inc. | CRCT | $906M | 12.23 | 2.63 | 22.3% | 6.35 |
| indie Semiconductor, Inc. | INDI | $862M | - | 2.33 | -37.3% | -10.48 |
| LSI Industries Inc. | LYTS | $840M | 30.97 | 2.77 | 10.6% | 17.77 |
| Peer Median | - | 12.40 | 2.77 | 1.3% | 6.34 | |