AEVA · Aeva Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.26M | - | $3.58M | $5.51M | $3.37M | - | $2.25M | $2.01M | $2.11M | - |
| Cost of Revenue | $4.32M | - | $3.15M | $8.23M | $3.06M | - | $2.97M | $2.86M | $3.50M | - |
| Gross Profit | $1.94M | - | $430.0K | ($2.72M) | $310.0K | - | ($721.0K) | ($848.0K) | ($1.39M) | - |
| R&D | $22.83M | - | $22.16M | $22.84M | $21.57M | - | $27.12M | $26.20M | $25.01M | - |
| SG&A | $12.35M | - | $9.62M | $7.97M | $7.22M | - | $8.46M | $8.66M | $8.41M | - |
| Total Operating Expenses | $37.08M | - | $33.59M | $32.20M | $30.73M | - | $37.16M | $48.06M | $35.95M | - |
| D&A | $1.32M | - | $1.10M | $1.10M | $1.39M | - | $1.10M | $1.20M | $1.34M | - |
| Operating Income | ($35.14M) | - | ($33.16M) | ($34.92M) | ($30.42M) | - | ($37.88M) | ($48.91M) | ($37.34M) | - |
| Interest Expense | $0 | - | - | - | - | - | - | - | - | - |
| Income Tax | $32.0K | - | $66.0K | $70.0K | $57.0K | - | $22.0K | $123.0K | $0 | - |
| Net Income | ($34.98M) | - | $107.50M | ($192.74M) | ($34.87M) | - | ($37.40M) | ($43.39M) | ($35.33M) | - |
| EPS - Basic | ($0.56) | - | $1.86 | ($3.49) | ($0.64) | - | ($0.70) | ($0.82) | ($0.67) | - |
| EPS - Diluted | ($0.56) | - | ($0.52) | ($3.49) | ($0.64) | - | ($0.70) | ($0.82) | ($0.67) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $31.18M | $72.29M | $45.69M | $21.74M | $21.21M | $28.86M | $30.46M | $23.62M | $29.61M | $38.55M |
| Accounts Receivable | $3.45M | $3.36M | $1.95M | $3.90M | $775.0K | $1.19M | $575.0K | $844.0K | $978.0K | $628.0K |
| Inventory | $5.98M | $5.79M | $4.95M | $3.66M | $3.88M | $2.35M | $2.13M | $3.00M | $2.16M | $2.37M |
| Accounts Payable | $4.61M | $5.88M | $4.41M | $4.79M | $3.96M | $5.45M | $3.01M | $3.82M | $3.42M | $3.60M |
| Current Assets | $122.09M | $153.53M | $66.43M | $68.32M | $91.78M | $123.30M | $145.27M | $172.38M | $197.35M | $229.22M |
| Total Assets | $147.30M | $179.70M | $92.80M | $91.15M | $114.55M | $147.49M | $169.14M | $198.11M | $224.81M | $257.38M |
| Current Liabilities | $29.82M | $35.87M | $20.87M | $105.72M | $31.90M | $39.16M | $33.62M | $32.63M | $16.59M | $18.40M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $159.71M | $166.49M | $59.58M | $209.33M | $45.74M | $48.14M | $39.88M | $38.15M | $26.61M | $28.94M |
| Stockholders' Equity | ($12.41M) | $13.21M | $33.22M | ($118.18M) | $68.81M | $99.35M | $129.26M | $159.96M | $198.20M | $228.44M |
| Retained Earnings | ($792.27M) | ($757.29M) | ($731.98M) | ($839.47M) | ($646.73M) | ($611.86M) | ($575.72M) | ($538.32M) | ($494.93M) | ($459.60M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($25.85M) | - | - | - | ($30.79M) | - | - | - | ($30.96M) | - |
| Investing Cash Flow | ($20.49M) | - | - | - | $23.32M | - | - | - | $22.04M | - |
| Financing Cash Flow | $5.22M | - | - | - | ($183.0K) | - | - | - | ($16.0K) | - |
| CapEx | $2.23M | - | - | - | $459.0K | - | - | - | $1.65M | - |
| Free Cash Flow | ($28.07M) | - | - | - | ($31.25M) | - | - | - | ($32.61M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 31.0% | - | 12.0% | -49.4% | 9.2% | - | -32.0% | -42.1% | -66.1% | - |
| Operating margin | -561.1% | - | -926.5% | -633.7% | -903.1% | - | -1683.4% | -2431.1% | -1772.4% | - |
| EBITDA margin | -540.0% | - | -895.8% | -613.7% | -861.9% | - | -1634.5% | -2371.4% | -1708.5% | - |
| Net margin | -558.6% | - | 3003.5% | -3497.4% | -1035.2% | - | -1662.0% | -2156.7% | -1676.6% | - |
| Free cash flow margin | -448.3% | - | - | - | -927.9% | - | - | - | -1547.7% | - |
| FCF / Net income | 0.80 | - | - | - | 0.90 | - | - | - | 0.92 | - |
| R&D / Revenue | 364.5% | - | 619.3% | 414.5% | 640.4% | - | 1205.2% | 1302.0% | 1187.1% | - |
| SG&A / Revenue | 197.3% | - | 268.9% | 144.6% | 214.3% | - | 375.8% | 430.6% | 399.2% | - |
| Effective tax rate | - | - | 0.1% | - | - | - | - | - | - | - |
| Return on assets | -23.7% | - | 115.8% | -211.5% | -30.4% | - | -22.1% | -21.9% | -15.7% | - |
| Return on equity | 281.9% | - | 323.6% | 163.1% | -50.7% | - | -28.9% | -27.1% | -17.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.09 | 4.28 | 3.18 | 0.65 | 2.88 | 3.15 | 4.32 | 5.28 | 11.89 | 12.46 |
| Quick ratio | 3.89 | 4.12 | 2.95 | 0.61 | 2.76 | 3.09 | 4.26 | 5.19 | 11.76 | 12.33 |
| Cash ratio | 1.05 | 2.02 | 2.19 | 0.21 | 0.66 | 0.74 | 0.91 | 0.72 | 1.78 | 2.09 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -11.87 | 13.60 | 2.79 | -0.77 | 1.66 | 1.48 | 1.31 | 1.24 | 1.13 | 1.13 |
| Liabilities / Assets | 1.08 | 0.93 | 0.64 | 2.30 | 0.40 | 0.33 | 0.24 | 0.19 | 0.12 | 0.11 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.04 | 0.06 | 0.03 | - | 0.01 | 0.01 | 0.01 | - |
| Inventory turnover | 0.72 | - | 0.64 | 2.25 | 0.79 | - | 1.40 | 0.95 | 1.62 | - |
| Days sales outstanding | 201d | - | 198d | 258d | 84d | - | 93d | 153d | 169d | - |
| Days inventory outstanding | 505d | - | 574d | 162d | 463d | - | 261d | 383d | 226d | - |
| Days payable outstanding | 390d | - | 512d | 213d | 473d | - | 370d | 488d | 357d | - |
| Cash conversion cycle | 317d | - | 261d | 208d | 74d | - | -15d | 48d | 38d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | 26.7x | - | 5.6x | - | 1.4x | 0.8x | 1.0x | - |
| P / S | 132.0x | - | 247.5x | 378.3x | 113.8x | - | 78.5x | 66.4x | 98.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 85.9% | - | 59.1% | 173.9% | 59.8% | - | 177.8% | 170.8% | 83.5% | - |
| Revenue CAGR (3y) | 76.0% | - | 37.6% | 54.5% | 43.6% | - | -13.6% | -8.2% | 58.7% | - |
| Revenue CAGR (5y) | 64.1% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 526.1% | - | - | -220.8% | - | - | 58.0% | 55.8% | -0.8% | - |
| Operating income growth (YoY) | -15.5% | - | 12.4% | 28.6% | 18.5% | - | -6.7% | -28.1% | -0.2% | - |
| Net income growth (YoY) | -0.3% | - | - | -344.2% | 1.3% | - | -12.5% | -20.7% | -0.4% | - |
| EPS growth (YoY) | 12.5% | - | 25.7% | -325.6% | 4.5% | - | -366.7% | -412.5% | -346.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 10.2% | - | - | - | 4.2% | - | - | - | 12.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -86.7% | -74.3% | - | -65.3% | -56.5% | -47.5% | -41.5% | -34.4% | -30.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$18.08M totalReportable Segment Aggregation Before Other Operating Segment$18.08M · 100.0%
Geographic
$18.08M totalNorth America$13.29M · 73.5%
Europe$3.87M · 21.4%
Asia$611.0K · 3.4%
Oceania$312.0K · 1.7%
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing Aeva Technologies against the 5 most active filers in the same SIC group.