Aurora Innovation (AUR) financial statements
Aurora Innovation reported revenue of $3M in fiscal 2025, down 26.9% a year over 6 years.
Net income was -$816M and the operating margin -30033.3%, against -579.1% in 2019.
Free cash flow was -$612M.
The diluted share count rose 623% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Aurora Innovation's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $20M | $0 | $82M | $68M | $0 | $0 | $3M |
| Cost of revenue | — | — | — | — | $0 | $0 | $17M |
| Gross profit | — | — | — | — | $0 | $0 | -$14M |
| Research and development | $107M | $179M | $697M | $677M | $716M | $676M | $745M |
| Selling, general and admin | $26M | $39M | $116M | $129M | $119M | $110M | $142M |
| Operating income | -$114M | -$218M | -$731M | -$1.9B | -$835M | -$786M | -$901M |
| Pre-tax income | -$102M | -$214M | -$760M | -$1.7B | -$796M | -$748M | -$816M |
| Income tax | -$8M | $0 | -$5M | $0 | $0 | $0 | $0 |
| Net income | -$94M | -$214M | -$755M | -$1.7B | -$796M | -$748M | -$816M |
| EPS (diluted) | -$0.37 | -$0.79 | -$1.22 | -$1.51 | -$0.60 | -$0.46 | -$0.44 |
| Diluted shares | 254M | 271M | 621M | 1.14B | 1.33B | 1.62B | 1.84B |
| Gross margin | — | — | — | — | — | — | -466.7% |
| Operating margin | -579.1% | — | -891.5% | -2723.5% | — | — | -30033.3% |
| Net margin | -480.0% | — | -920.7% | -2533.8% | — | — | -27200.0% |
Balance sheet
Fiscal years, from Aurora Innovation's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $246M | $387M | $1.6B | $1.1B | $501M | $211M | $221M |
| Total current assets | — | $406M | $1.7B | $1.1B | $1.2B | $1.3B | $1.3B |
| Property, plant and equipment | — | $11M | $94M | $91M | $94M | $104M | $103M |
| Goodwill | — | $30M | $1.1B | $0 | $0 | $0 | — |
| Total assets | — | $619M | $3.7B | $2.0B | $2.2B | $2.1B | $2.3B |
| Total current liabilities | — | $32M | $91M | $83M | $111M | $105M | $111M |
| Total liabilities | — | $132M | $348M | $217M | $250M | $263M | $203M |
| Shareholders' equity | -$83M | -$277M | $3.3B | $1.8B | $2.0B | $1.9B | $2.1B |
| Net debt | -$246M | -$387M | -$1.6B | -$262M | -$501M | -$211M | -$221M |
Cash flow
Fiscal years, from Aurora Innovation's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$95M | -$192M | -$564M | -$508M | -$598M | -$611M | -$581M |
| Capital spending | $4M | $7M | $48M | $15M | $15M | $34M | $31M |
| Free cash flow | -$99M | -$199M | -$612M | -$523M | -$613M | -$645M | -$612M |
| Stock-based compensation | $28M | $17M | $220M | $156M | $160M | $144M | $188M |
| Share buybacks (net) | — | — | -$755M | — | — | — | — |
| Free cash flow margin | -502.8% | — | -746.3% | -769.1% | — | — | -20400.0% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for AUR.
Open AUR in InvestinglyQuestions
What was Aurora Innovation's revenue in 2025?
$3M in fiscal 2025, from its 10-K filing.
How much free cash flow does Aurora Innovation generate?
-$612M in fiscal 2025 (operating cash flow minus capital spending).
From Aurora Innovation's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.