NASDAQ · Financial Statements

Aeva Technologies, Inc. (AEVA) Financial Statements

$10.17 NASDAQ: AEVA Market Cap $708.91M

Aeva Technologies, Inc. most recently reported annual revenue of $18.0M, a net loss of $145.0M. Revenue grew at an average annual rate of 29.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Aeva Technologies, Inc.: net profit was positive in 0 of 8 reported years; operating margin moved from -8445.9% to -705.8%, a shift of +7740.2 percentage points; the most recent year shows a net loss of $145.0M.

Income Statement — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$0	$1.0M	$5.0M	$9.0M	$4.0M	$4.0M	$9.0M	$18.0M
Operating Expenses	$12.0M	$21.0M	$31.0M	$113.0M	$156.0M	$152.0M	$167.0M	$146.0M
Operating Profit	$-11.0M	$-20.0M	$-26.0M	$-104.0M	$-152.0M	$-148.0M	$-158.0M	$-128.0M
Operating Margin	-8445.9%	-1451.8%	-531.5%	-1124.5%	-3624.9%	-3427.4%	-1747.1%	-705.8%
Other Income	$0	$0	$0	$2.0M	$5.0M	$-2.0M	$6.0M	$-18.0M
Interest	$0	$0	$0	$0	$0	$0	$0	$0
Depreciation	$0	$1.0M	$1.0M	$3.0M	$6.0M	$8.0M	$9.0M	$8.0M
Profit Before Tax	$-11.0M	$-20.0M	$-26.0M	$-102.0M	$-147.0M	$-149.0M	$-152.0M	$-145.0M
Tax	$0	$0	$0	$0	$0	$0	$-110,000	$-210,000
Net Profit	$-11.0M	$-20.0M	$-26.0M	$-102.0M	$-147.0M	$-149.0M	$-152.0M	$-145.0M
EPS	$-0.26	$-0.45	$-0.60	$-2.54	$-3.39	$-3.29	$-2.85	$-2.55
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$1.0M	$2.0M	$2.0M	$2.0M	$2.0M	$3.0M	$3.0M	$6.0M	$4.0M	$6.0M	$6.0M	$6.0M
Operating Expenses	$36.0M	$38.0M	$39.0M	$51.0M	$40.0M	$37.0M	$34.0M	$40.0M	$37.0M	$35.0M	$41.0M	$37.0M
Operating Profit	$-35.0M	$-37.0M	$-37.0M	$-49.0M	$-38.0M	$-34.0M	$-30.0M	$-35.0M	$-33.0M	$-29.0M	$-35.0M	$-31.0M
Operating Margin	-4382.2%	-2287.1%	-1772.4%	-2431.1%	-1683.4%	-1270.0%	-903.1%	-633.7%	-926.5%	-517.6%	-561.1%	-498.9%
Interest	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1.0M	$1.0M
Profit Before Tax	$-33.0M	$-45.0M	$-35.0M	$-43.0M	$-37.0M	$-36.0M	$-35.0M	$-193.0M	$108.0M	$-25.0M	$-35.0M	$-80.0M
Tax	$0	$0	$0	$-280,000	$-60,000	$-70,000	$-160,000	$-40,000	$60,000	$-460,000	$-90,000	$-70,000
Net Profit	$-33.0M	$-45.0M	$-35.0M	$-43.0M	$-37.0M	$-36.0M	$-35.0M	$-193.0M	$107.0M	$-25.0M	$-35.0M	$-80.0M
EPS	$-0.75	$-0.92	$-0.67	$-0.82	$-0.70	$-0.67	$-0.64	$-3.50	$1.99	$-0.40	$-0.56	$-1.23

Over the 8 years reported for Aeva Technologies, Inc., cash stood at $72.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.28 times.

Balance Sheet — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$31.0M	$0	$33.0M	$479.0M	$357.0M	$257.0M	$147.0M	$180.0M
Current Assets	$29.0M	$0	$31.0M	$458.0M	$335.0M	$229.0M	$123.0M	$154.0M
Cash	$27.0M	$47.0M	$25.0M	$67.0M	$67.0M	$39.0M	$29.0M	$72.0M
Inventory	$1.0M	$0	$1.0M	$2.0M	$3.0M	$2.0M	$2.0M	$6.0M
Receivables	$0	$1.0M	$1.0M	$6.0M	$3.0M	$1.0M	$1.0M	$13.0M
Fixed Assets	$2.0M	$2.0M	$2.0M	$15.0M	$17.0M	$19.0M	$14.0M	$18.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$0	$0	$378.0M	$256.0M	$187.0M	$88.0M	$50.0M
Other Assets	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.0M	$0	$6.0M	$23.0M	$27.0M	$29.0M	$48.0M	$166.0M
Current Liabilities	$1.0M	$0	$6.0M	$14.0M	$22.0M	$18.0M	$39.0M	$36.0M
Borrowings	$0	$0	$0	$10.0M	$7.0M	$7.0M	$4.0M	$102.0M
Other Liabilities	$1.0M	$0	$6.0M	$12.0M	$19.0M	$22.0M	$44.0M	$64.0M
Equity	$0	$0	$0	$0	$0	$0	$0	$0
Reserves	$30.0M	$0	$27.0M	$456.0M	$330.0M	$228.0M	$99.0M	$13.0M

For Aeva Technologies, Inc., operating cash flow was positive in 0 of 8 reported years; free cash flow in the latest year was negative at $120.0M; free cash flow was positive in 0 of 8 years.

Cash Flow Statement — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$-11.0M	$-16.0M	$-21.0M	$-82.0M	$-110.0M	$-119.0M	$-107.0M	$-115.0M
Investing Cash Flow	$-3.0M	$-1.0M	$-2.0M	$-397.0M	$103.0M	$63.0M	$93.0M	$25.0M
Financing Cash Flow	$13.0M	$0	$-243.0M	$512.0M	$-1.0M	$-1.0M	$-1.0M	$2.0M
Net Cash Flow	$0	$19.0M	$-22.0M	$42.0M	$1.0M	$-29.0M	$-10.0M	$43.0M
Free Cash Flow	$-13.0M	$-17.0M	$-22.0M	$-90.0M	$-117.0M	$-125.0M	$-112.0M	$-120.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.23
EV / EBITDA	10.20
FCF Yield	-16.69%
Quick Ratio	7.56
Interest Coverage	-53.81
Return 1Y	-35.41%
Return 3Y	155.56%
Return 5Y	-59.30%

Aeva Technologies, Inc. (AEVA) financials — frequently asked questions

What is Aeva Technologies, Inc.'s annual revenue?

Aeva Technologies, Inc. (AEVA) reported annual revenue of $18.0M in its most recent fiscal year.

What is Aeva Technologies, Inc.'s net profit?

Aeva Technologies, Inc. (AEVA) reported a net loss of $145.0M in its most recent fiscal year.

What is AEVA EV/EBITDA?

Aeva Technologies, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 10.20.

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