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Financials · AEVA

Aeva Technologies Inc. (AEVA) financials

For the twelve months ended Sep 30, 2026, Aeva Technologies Inc. reported $24.69M of revenue and -$135.47M of net income.

Revenue, TTM
$24.69M
Revenue growth, YoY
+62.9%
Net income, TTM
-$135.47M
Net margin
-548.7%
Free cash flow, TTM
-$113.70M
EPS, diluted, TTM
-$0.23
Cash
$20.13M
P/S
34.73
Market cap
$857.4M
Annual revenue$18.08M
FY2019FY2025
Annual net income-$145.43M
FY2019FY2025
Annual free cash flow-$119.69M
FY2019FY2025

AEVA revenue and earnings growth

AEVA revenueQ3 2026$6.67M

Quarter YoY
+86.3%
QoQ
+8.7%
FY YoY
+99.4%
5Y CAGR
+30.1%

AEVA revenue was $6.67M in fiscal Q3 2026 (ended Sep 30, 2026), up 86.3% from a year earlier and up 8.7% from the prior quarter. For the full fiscal 2025 it was $18.08M, up 99.4% from fiscal 2024. Compound annual growth was +30.1% over 5 years. It rose in 5 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

AEVA net incomeQ3 2026$4.45M

Quarter YoY
-95.9%

AEVA net income was $4.45M in fiscal Q3 2026 (ended Sep 30, 2026), down 95.9% from a year earlier. For the full fiscal 2025 it was -$145.43M, compared with -$152.26M in fiscal 2024.

AEVA EPSQ3 2026-$0.54

AEVA diluted EPS was -$0.54 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.52 a year earlier. For the full fiscal 2025 it was -$2.55, compared with -$2.85 in fiscal 2024.

AEVA free cash flowQ3 2026-$30.61M

AEVA free cash flow was -$30.61M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$33.59M a year earlier. For the full fiscal 2025 it was -$119.69M, compared with -$112.02M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$18.08M$9.06M$4.31M$4.19M$9.27M$4.84M$1.38M
Cost of revenue$18.74M$12.86M$10.20M$8.45M$5.83M$2.74M$815.0K
Gross profit-$660.0K-$3.79M-$5.89M-$4.25M$3.43M$2.10M$569.0K
Research and development$85.42M$102.67M$102.50M$109.59M$74.77M$20.50M$15.41M
Selling, general and admin$34.83M$33.26M$31.76M$31.07M$28.41M$5.66M$4.29M
Operating income-$127.60M-$158.37M-$147.79M-$151.96M-$104.19M-$25.74M-$20.09M
Pre-tax income-$145.12M-$152.09M-$149.33M-$147.31M-$101.88M-$25.57M-$19.59M
Income tax$308.0K$171.0K$0$0$0$0$0
Net income-$145.43M-$152.26M-$149.33M-$147.31M-$101.88M-$25.57M-$19.59M
EPS, basic-$2.55-$2.85-$3.29-$3.39-$2.55-$0.90-$0.85
EPS, diluted-$2.55-$2.85-$3.29-$3.39-$2.55-$0.90-$0.85
Diluted shares57.0M53.4M45.4M43.5M40.2M28.3M23.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$72.29M$28.86M$38.55M$67.42M$66.81M$24.62M$46.64M
Short-term investments$49.61M$83.14M$182.48M$256.39M$378.20M$0-
Receivables$3.36M$1.19M$628.0K$2.89M$2.34M$141.0K-
Inventory$5.79M$2.35M$2.37M$2.95M$2.06M$1.22M-
Current assets$153.53M$123.30M$229.22M$335.12M$458.48M$30.95M$25
Total assets$179.70M$147.49M$257.38M$356.63M$479.19M$32.63M$106.9K
Current liabilities$35.87M$39.16M$18.40M$21.83M$14.30M$5.67M$81.8K
Long-term debt$96.69M$0-----
Total debt$96.69M$0-----
Total liabilities$166.49M$48.14M$28.94M$26.71M$22.81M$5.72M$81.8K
Shareholders' equity$13.21M$99.35M$228.44M$329.93M$456.38M$26.91M$48.60M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$115.08M-$106.91M-$118.83M-$109.91M-$82.11M-$21.23M-$16.38M
Capital expenditures$4.61M$5.11M$6.10M$7.44M$3.85M$855.0K$421.0K
Free cash flow-$119.69M-$112.02M-$124.93M-$117.35M-$85.95M-$22.09M-$16.80M
Investing cash flow$29.93M$97.90M$69.28M$110.89M-$388.57M-$855.0K-$421.0K
Financing cash flow$128.58M-$671.0K$20.68M-$369.0K$512.86M$73.0K$35.99M
Stock-based compensation$21.84M$23.71M$23.68M$24.25M$22.24M$3.81M$2.15M
Depreciation and amortization$5.38M$5.48M$4.62M$3.27M$1.15M$798.0K$634.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY99.4%110.2%2.9%-54.8%91.3%249.9%-
Gross margin-3.7%-41.8%-136.5%-101.5%37.0%43.4%41.1%
Operating margin-705.8%-1747.1%-3427.4%-3624.9%-1124.5%-531.5%-1451.8%
Net margin-804.4%-1679.7%-3463.2%-3514.0%-1099.6%-528.0%-1415.8%
Free cash flow margin-662.0%-1235.7%-2897.3%-2799.4%-927.7%-456.0%-1214.2%
Return on equity-1100.5%-153.3%-65.4%-44.6%-22.3%-95.0%-40.3%
Return on assets-80.9%-103.2%-58.0%-41.3%-21.3%-78.4%-18330.1%
Current ratio4.283.1512.4615.3532.075.460.00
Debt to equity7.320.00-----

Source: XBRL data Aeva Technologies Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-5, first reported May 9, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AEVA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AEVA$24.69M+62.9%-$135.47M-548.7%$857.4M
TT$23.23B+10.3%$3.16B13.6%$92.06B
MGA$42.01B-1.9%$829.00M2.0%$16.12B
BWA$14.24B+0.4%$478.00M3.4%$10.33B
ALSN$5.24B+70.8%$583.00M11.1%$10.19B
ALV$11.07B+4.3%$624.00M5.6%$8.95B
APTV$16.71B+4.1%$769.00M4.6%$8.08B
MOD$3.63B+35.1%$130.20M3.6%$5.65B
LEA$23.79B+3.5%$584.40M2.5%$5.34B

AEVA FAQ

9 questions
  • What is AEVA revenue?
    Aeva Technologies Inc. (AEVA) reported $24.69M of revenue for the twelve months ended Sep 30, 2026. That is up 62.9% from the year before. Revenue for fiscal 2025 was $18.08M.
  • Is AEVA profitable?
    No. Aeva Technologies Inc. reported a net loss of $135.47M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does AEVA have?
    Aeva Technologies Inc. reported $20.13M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is AEVA revenue growing?
    Aeva Technologies Inc.'s revenue changed +99.4% in fiscal 2025, to $18.08M. Its compound annual growth rate was +30.1% over 5 years.
  • What is AEVA gross margin?
    Aeva Technologies Inc.'s gross profit was $7.69M on $24.69M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 31.2%.
  • What is AEVA free cash flow?
    Aeva Technologies Inc. generated -$113.70M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$109.54M less capital expenditures.
  • What is AEVA earnings per share?
    Diluted earnings per share were -$0.23 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AEVA last report financial results?
    The latest statements here come from Aeva Technologies Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this AEVA financial data come from?
    Quantisnow builds these statements from the structured XBRL data Aeva Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.