Aeva Technologies (AEVA) financial statements
Aeva Technologies reported revenue of $18M in fiscal 2025, up 53.5% a year over 6 years.
Net income was -$145M and the operating margin -705.8%, against -1451.8% in 2019.
Free cash flow was -$120M.
The diluted share count rose 148% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Aeva Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1M | $5M | $9M | $4M | $4M | $9M | $18M |
| Cost of revenue | $815,000 | $3M | $6M | $8M | $10M | $13M | $19M |
| Gross profit | $569,000 | $2M | $3M | -$4M | -$6M | -$4M | -$660,000 |
| Research and development | $15M | $20M | $75M | $110M | $103M | $103M | $85M |
| Selling, general and admin | $5M | $7M | $33M | $38M | $39M | $40M | $42M |
| Operating income | -$20M | -$26M | -$104M | -$152M | -$148M | -$158M | -$128M |
| Pre-tax income | -$20M | -$26M | -$102M | -$147M | -$149M | -$152M | -$145M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $171,000 | $308,000 |
| Net income | -$20M | -$26M | -$102M | -$147M | -$149M | -$152M | -$145M |
| EPS (diluted) | -$0.85 | -$0.90 | -$2.55 | -$3.39 | -$3.29 | -$2.85 | -$2.55 |
| Diluted shares | 23M | 28M | 40M | 43M | 45M | 53M | 57M |
| Gross margin | 41.1% | 43.4% | 37.0% | -101.5% | -136.5% | -41.8% | -3.7% |
| Operating margin | -1451.8% | -531.5% | -1124.5% | -3624.9% | -3427.4% | -1747.1% | -705.8% |
| Net margin | -1415.8% | -528.0% | -1099.6% | -3514.0% | -3463.2% | -1679.7% | -804.4% |
Balance sheet
Fiscal years, from Aeva Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $47M | $25M | $445M | $324M | $221M | $112M | $122M |
| Receivables | — | $141,000 | $2M | $3M | $628,000 | $1M | $3M |
| Inventory | — | $1M | $2M | $3M | $2M | $2M | $6M |
| Total current assets | $25 | $31M | $458M | $335M | $229M | $123M | $154M |
| Property, plant and equipment | — | $2M | $5M | $10M | $12M | $10M | $13M |
| Total assets | $106,895 | $33M | $479M | $357M | $257M | $147M | $180M |
| Total current liabilities | $81,808 | $6M | $14M | $22M | $18M | $39M | $36M |
| Total liabilities | $81,808 | $6M | $23M | $27M | $29M | $48M | $166M |
| Shareholders' equity | $49M | $27M | $456M | $330M | $228M | $99M | $13M |
| Net debt | -$47M | -$25M | -$67M | -$67M | -$39M | -$29M | -$72M |
Cash flow
Fiscal years, from Aeva Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$16M | -$21M | -$82M | -$110M | -$119M | -$107M | -$115M |
| Capital spending | $421,000 | $855,000 | $4M | $7M | $6M | $5M | $5M |
| Free cash flow | -$17M | -$22M | -$86M | -$117M | -$125M | -$112M | -$120M |
| Stock-based compensation | $2M | $4M | $22M | $24M | $24M | $24M | $22M |
| Free cash flow margin | -1214.2% | -456.0% | -927.7% | -2799.4% | -2897.3% | -1235.7% | -662.0% |
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Open AEVA in InvestinglyQuestions
What was Aeva Technologies's revenue in 2025?
$18M in fiscal 2025, from its 10-K filing.
How much free cash flow does Aeva Technologies generate?
-$120M in fiscal 2025 (operating cash flow minus capital spending).
From Aeva Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.