NASDAQ : AEVA
Aeva Technologies, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 9.27 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 646.17M
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Financial statements
Aeva Technologies, Inc. (AEVA) reported revenue of 21.60M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 21.60M | 18.08M | 9.06M | 4.31M | 4.19M | 9.27M |
| Cost of Revenue | 15.72M | 18.74M | 12.86M | 10.20M | 8.45M | 5.83M |
| Gross Profit | 5.88M | -660.00K | -3.79M | -5.89M | -4.25M | 3.43M |
| Selling, General & Admin | 49.10M | 41.51M | 40.41M | 39.40M | 38.11M | 32.85M |
| Research & Development | 88.73M | 85.42M | 102.67M | 102.50M | 109.59M | 74.77M |
| Operating Expenses | 137.83M | 126.94M | 143.08M | 141.90M | 147.70M | 107.62M |
| Operating Income | -131.95M | -127.60M | -146.87M | -147.79M | -151.96M | -104.19M |
| Interest & Investment Income | 2.88M | 2.74M | 7.71M | 8.93M | 3.71M | 372.00K |
| Other Non Operating Income (Expenses) | 99.30M | -20.26M | -1.43M | -10.47M | 943.00K | 1.94M |
| EBT Excluding Unusual Items | -32.15M | -145.12M | -140.59M | -149.33M | -147.31M | -101.88M |
| Legal Settlements | -11.50M | |||||
| Pretax Income | -32.15M | -145.12M | -152.09M | -149.33M | -147.31M | -101.88M |
| Income Tax Expense | 271.00K | 308.00K | 171.00K | |||
| Net Income | -32.42M | -145.43M | -152.26M | -149.33M | -147.31M | -101.88M |
| Net Income to Common | -32.42M | -145.43M | -152.26M | -149.33M | -147.31M | -101.88M |
| Shares Outstanding (Basic) | 61.42M | 57.02M | 53.36M | 45.41M | 43.46M | 40.17M |
| Shares Outstanding (Diluted) | 61.42M | 57.02M | 53.36M | 45.41M | 43.46M | 40.17M |
| EPS (Basic) | -0.53 | -2.55 | -2.85 | -3.29 | -3.39 | -2.54 |
| EPS (Diluted) | -0.53 | -2.55 | -2.85 | -3.29 | -3.39 | -2.55 |
| Free Cash Flow | -116.67M | -119.69M | -112.02M | -124.93M | -117.35M | -85.95M |
| Free Cash Flow Per Share | -1.90 | -2.10 | -2.10 | -2.75 | -2.70 | -2.14 |
| Gross Margin | 27.22% | -3.65% | -41.81% | -136.50% | -101.50% | 37.04% |
| Operating Margin | -610.94% | -705.78% | -1,620.21% | -3,427.37% | -3,624.88% | -1,124.51% |
| Profit Margin | -150.12% | -804.40% | -1,679.66% | -3,463.20% | -3,513.95% | -1,099.60% |
| Free Cash Flow Margin | -540.19% | -662.02% | -1,235.74% | -2,897.26% | -2,799.38% | -927.74% |
| EBITDA | -126.71M | -122.22M | -141.39M | -143.17M | -148.69M | -103.04M |
| D&A For EBITDA | 5.24M | 5.38M | 5.48M | 4.62M | 3.27M | 1.15M |
| EBIT | -131.95M | -127.60M | -146.87M | -147.79M | -151.96M | -104.19M |
| Revenue as Reported | 3.52M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.23M | 72.29M | 28.86M | 38.55M | 67.42M | 66.81M |
| Short-Term Investments | 134.65M | 49.61M | 83.14M | 182.48M | 256.39M | 378.20M |
| Cash & Short-Term Investments | 177.89M | 121.90M | 112.01M | 221.03M | 323.81M | 445.01M |
| Accounts Receivable | 10.59M | 6.64M | 1.27M | 768.00K | 3.13M | 6.41M |
| Other Receivables | 2.00M | 6.00M | ||||
| Receivables | 12.59M | 12.64M | 1.27M | 768.00K | 3.13M | 6.41M |
| Inventory | 5.71M | 5.79M | 2.35M | 2.37M | 2.95M | 2.06M |
| Prepaid Expenses | 3.38M | 3.27M | 2.29M | 2.23M | 2.34M | 2.82M |
| Other Current Assets | 4.13M | 9.93M | 5.39M | 2.83M | 2.88M | 2.18M |
| Total Current Assets | 203.70M | 153.53M | 123.30M | 229.22M | 335.12M | 458.48M |
| Property, Plant & Equipment | 17.28M | 18.32M | 14.16M | 19.40M | 17.12M | 15.42M |
| Long-Term Investments | 5.00M | 5.00M | 5.00M | 5.00M | ||
| Other Intangible Assets | 375.00K | 825.00K | 1.73M | 2.62M | 3.52M | 4.42M |
| Other Long-Term Assets | 531.00K | 2.03M | 3.31M | 1.13M | 862.00K | 859.00K |
| Total Assets | 227.79M | 179.70M | 147.49M | 257.38M | 356.63M | 479.19M |
| Accounts Payable | 7.30M | 5.88M | 5.45M | 3.60M | 5.18M | 4.39M |
| Accrued Expenses | 11.60M | 26.01M | 11.49M | 8.69M | 13.78M | 6.86M |
| Current Portion of Leases | 2.03M | 1.49M | 3.04M | 3.59M | 2.67M | 2.87M |
| Current Unearned Revenue | 529.00K | 284.00K | 4.00M | 2.08M | ||
| Other Current Liabilities | 4.51M | 2.20M | 15.17M | 448.00K | 194.00K | 182.00K |
| Total Current Liabilities | 25.96M | 35.87M | 39.16M | 18.40M | 21.83M | 14.30M |
| Long-Term Debt | 96.90M | 96.69M | ||||
| Long-Term Leases | 3.44M | 4.21M | 720.00K | 3.77M | 4.79M | 7.46M |
| Other Long-Term Liabilities | 73.96M | 29.71M | 8.26M | 6.77M | 90.00K | 1.06M |
| Total Liabilities | 200.26M | 166.49M | 48.14M | 28.94M | 26.71M | 22.81M |
| Common Stock | 7.00K | 6.00K | 6.00K | 5.00K | 22.00K | 21.00K |
| Additional Paid-In Capital | 899.50M | 770.50M | 711.16M | 688.12M | 643.76M | 619.84M |
| Retained Earnings | -871.89M | -757.29M | -611.86M | -459.60M | -310.27M | -162.96M |
| Comprehensive Income & Other | -88.00K | -4.00K | 47.00K | -87.00K | -3.58M | -524.00K |
| Total Common Equity | 27.53M | 13.21M | 99.35M | 228.44M | 329.93M | 456.38M |
| Shareholders' Equity | 27.53M | 13.21M | 99.35M | 228.44M | 329.93M | 456.38M |
| Total Liabilities & Equity | 227.79M | 179.70M | 147.49M | 257.38M | 356.63M | 479.19M |
| Total Debt | 102.37M | 102.39M | 3.76M | 7.35M | 7.46M | 10.33M |
| Net Cash (Debt) | 75.52M | 19.50M | 108.25M | 213.67M | 316.36M | 434.68M |
| Net Cash Per Share | 1.23 | 0.34 | 2.03 | 4.71 | 7.28 | 10.82 |
| Filing Date Shares Outstanding | 69.71M | 62.95M | 54.71M | 52.77M | 43.95M | 43.20M |
| Total Common Shares Outstanding | 68.68M | 61.58M | 54.14M | 52.21M | 43.75M | 43.00M |
| Working Capital | 177.74M | 117.66M | 84.14M | 210.82M | 313.30M | 444.19M |
| Book Value Per Share | 0.40 | 0.21 | 1.84 | 4.38 | 7.54 | 10.61 |
| Tangible Book Value | 27.16M | 12.39M | 97.63M | 225.82M | 326.40M | 451.95M |
| Tangible Book Value Per Share | 0.40 | 0.20 | 1.80 | 4.33 | 7.46 | 10.51 |
| Machinery | 18.30M | 19.79M | 19.46M | 16.13M | 10.48M | 5.67M |
| Construction In Progress | 7.54M | 6.86M | 243.00K | 1.43M | 1.49M | 980.00K |
| Leasehold Improvements | 3.48M | 3.41M | 3.37M | 3.15M | 2.96M | 1.33M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -32.42M | -145.43M | -152.26M | -149.33M | -147.31M | -101.88M |
| Depreciation & Amortization | 7.65M | 8.49M | 8.94M | 7.73M | 6.15M | 3.05M |
| Asset Writedown & Restructuring Costs | 52.00K | |||||
| Loss (Gain) From Sale of Investments | -1.28M | -1.05M | -3.54M | -2.97M | 418.00K | 1.50M |
| Stock-Based Compensation | 29.13M | 21.84M | 23.71M | 23.68M | 24.25M | 22.24M |
| Other Operating Activities | -95.09M | 26.15M | 3.19M | 6.91M | 694.00K | -1.95M |
| Change in Accounts Receivable | -177.00K | -2.54M | -559.00K | 2.26M | -546.00K | -2.20M |
| Change in Inventory | -2.41M | -3.94M | -1.11M | 353.00K | -2.55M | -844.00K |
| Change in Accounts Payable | 3.27M | -504.00K | 1.83M | -1.59M | 1.29M | 2.67M |
| Change in Other Net Operating Assets | -20.35M | -18.11M | 12.88M | -5.85M | 7.70M | -4.73M |
| Operating Cash Flow | -111.48M | -115.08M | -106.91M | -118.83M | -109.91M | -82.11M |
| Capital Expenditures | -5.19M | -4.61M | -5.11M | -6.10M | -7.44M | -3.85M |
| Sale (Purchase) of Intangibles | -4.50M | |||||
| Investment in Securities | -105.35M | 34.53M | 103.01M | 75.38M | 118.33M | -380.22M |
| Investing Cash Flow | -110.55M | 29.93M | 97.90M | 69.28M | 110.89M | -388.57M |
| Long-Term Debt Issued | 100.00M | |||||
| Net Debt Issued (Repaid) | 100.00M | 100.00M | ||||
| Issuance of Common Stock | 153.03M | 32.63M | 81.00K | 21.69M | 351.00K | 911.00K |
| Repurchase of Common Stock | -578.00K | -752.00K | -199.00K | -720.00K | -1.34M | |
| Other Financing Activities | -9.52M | -3.47M | -818.00K | 513.29M | ||
| Financing Cash Flow | 243.51M | 128.58M | -671.00K | 20.68M | -369.00K | 512.86M |
| Net Cash Flow | 21.49M | 43.43M | -9.68M | -28.87M | 610.00K | 42.19M |
| Free Cash Flow | -116.67M | -119.69M | -112.02M | -124.93M | -117.35M | -85.95M |
| Free Cash Flow Margin | -540.19% | -662.02% | -1,235.74% | -2,897.26% | -2,799.38% | -927.74% |
| Free Cash Flow Per Share | -1.90 | -2.10 | -2.10 | -2.75 | -2.70 | -2.14 |
| Levered Free Cash Flow | -139.47M | -76.10M | -46.04M | -68.30M | -62.12M | -49.57M |
| Unlevered Free Cash Flow | -138.19M | -76.10M | -46.04M | -68.30M | -62.12M | -49.57M |
| Cash Income Tax Paid | 202.00K | 174.00K | 165.00K | |||
| Change in Working Capital | -19.67M | -25.08M | 13.04M | -4.83M | 5.89M | -5.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 646.17M | 797.86M | 255.94M | 169.71M | 296.79M | 1.62B |
| Enterprise Value | 570.65M | 755.10M | 125.82M | -56.13M | -45.82M | 1.15B |
| Last Close Price | 9.27 | 13.28 | 4.75 | 3.79 | 6.80 | 37.80 |
| PS Ratio | 29.92 | 44.13 | 28.23 | 39.36 | 70.80 | 174.62 |
| PB Ratio | 23.13 | 60.38 | 2.58 | 0.74 | 0.90 | 3.54 |
| P/TBV Ratio | 23.80 | 64.40 | 2.62 | 0.75 | 0.91 | 3.58 |
| EV/Sales Ratio | 26.42 | 41.77 | 13.88 | 124.26 | ||
| Debt / Equity Ratio | 3.72 | 7.75 | 0.04 | 0.03 | 0.02 | 0.02 |
| Net Debt / Equity Ratio | -2.74 | -1.48 | -1.09 | -0.94 | -0.96 | -0.95 |
| Net Debt / EBITDA Ratio | 0.60 | 0.16 | 0.77 | 1.49 | 2.13 | 4.22 |
| Net Debt / FCF Ratio | 0.65 | 0.16 | 0.97 | 1.71 | 2.70 | 5.06 |
| Asset Turnover | 0.14 | 0.11 | 0.04 | 0.01 | 0.01 | 0.04 |
| Inventory Turnover | 3.36 | 4.61 | 5.45 | 3.83 | 3.37 | 3.56 |
| Quick Ratio | 7.34 | 3.75 | 2.89 | 12.05 | 14.98 | 31.57 |
| Current Ratio | 7.85 | 4.28 | 3.15 | 12.46 | 15.35 | 32.07 |
| Return on Equity (ROE) | -258.38% | -92.90% | -53.49% | -37.47% | -42.16% | |
| Return on Assets (ROA) | -51.71% | -48.75% | -45.34% | -30.09% | -22.73% | -25.45% |
| Return on Capital Employed (ROCE) | -65.40% | -88.70% | -135.60% | -61.80% | -45.40% | -22.40% |
| Earnings Yield | -5.69% | -18.23% | -59.49% | -87.99% | -49.63% | -6.30% |
| FCF Yield | -18.06% | -15.00% | -43.77% | -73.61% | -39.54% | -5.31% |
| Buyback Yield / Dilution | -12.89% | -6.87% | -17.50% | -4.49% | -8.19% | -41.70% |