Aeva Technologies, Inc.
- Open
- 22.29
- Day high
- 23.00
- Day low
- 21.70
- Prev close
- 21.50
- Volume
- 1.0M
- Mkt cap
- $1.4B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -111.9
- P/S
- 66.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$16.9M over the last 3 months (0 open-market buys, 18 sales)
- 🏛Institutions accumulating (13F)
Aeva Technologies, Inc. (AEVA) is a Consumer Cyclical company listed on NASDAQ. The stock is down 30% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 18 sales (SEC Form 4).
Aeva Technologies, Inc. (AEVA) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AEVA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $-0.44 | $-0.41 | +6.8% | $6M | +26.0% |
| Nov 5, 2025 | $-0.45 | $-0.46 | -2.2% | $4M | -0.5% |
| Jul 31, 2025 | $-0.44 | $-0.44 | +0.0% | $6M | +54.7% |
| May 14, 2025 | $-0.48 | $-0.45 | +6.2% | $3M | +44.3% |
| Mar 19, 2025 | $-0.58 | $-0.49 | +15.5% | $3M | +5.7% |
| Mar 5, 2024 | $-0.65 | $-0.60 | +7.7% | $2M | +2.6% |
| Mar 22, 2023 | $-0.80 | $-0.85 | -6.2% | $188000 | -94.0% |
| Aug 3, 2022 | $-0.80 | $-0.65 | +18.8% | $1M | +15.8% |
| May 4, 2022 | $-0.75 | $-0.60 | +20.0% | $1M | +4.7% |
| Feb 23, 2022 | $-0.50 | $-0.60 | -20.0% | $3M | +5.1% |
| Nov 10, 2021 | $-0.50 | $-0.45 | +10.0% | $3M | -9.1% |
| Aug 12, 2021 | $-0.50 | $-0.55 | -10.0% | $3M | +64.6% |
AEVA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Sinha Saurabhofficer: Chief Financial Officer | Sell | 11,212 | $26.75 |
| Jun 23, 2026 | MOTLAGH KATHERINEdirector | Grant | 6,150 | — |
| Jun 23, 2026 | Zadesky Stephen Pauldirector | Sell | 600 | $26.36 |
| Jun 23, 2026 | Simonian Hrachdirector | Grant | 6,150 | — |
| Jun 23, 2026 | SYLEBRA CAPITAL LLCdirector, 10 percent owner: | Grant | 6,150 | $24.39 |
| Jun 23, 2026 | Zadesky Stephen Pauldirector | Grant | 6,150 | — |
| Jun 23, 2026 | Zadesky Stephen Pauldirector | Sell | 1,200 | $24.88 |
| Jun 23, 2026 | Zadesky Stephen Pauldirector | Sell | 1,184 | $25.46 |
| Jun 17, 2026 | Rezk Minadirector, officer: Chief Technology Officer | Sell | 77,104 | $25.24 |
| Jun 17, 2026 | Rezk Minadirector, officer: Chief Technology Officer | Sell | 1,400 | $26.11 |
| Jun 17, 2026 | Dardashti Soroush Salehiandirector, officer: Chief Executive Officer | Sell | 176,225 | $24.34 |
| Jun 17, 2026 | Dardashti Soroush Salehiandirector, officer: Chief Executive Officer | Sell | 45,113 | $25.24 |
| Jun 17, 2026 | Dardashti Soroush Salehiandirector, officer: Chief Executive Officer | Sell | 901 | $26.09 |
| Jun 17, 2026 | Dardashti Soroush Salehiandirector, officer: Chief Executive Officer | Sell | 3,110 | $27.09 |
| Jun 17, 2026 | Dardashti Soroush Salehiandirector, officer: Chief Executive Officer | Sell | 39,101 | $24.34 |
Source: AEVA SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full AEVA insider & 13F page →Aeva Technologies, Inc. company profile
Overview
Aeva Technologies, Inc. (NASDAQ:AEVA) is a pioneering technology company founded in 2017 and based in Mountain View, California, that specializes in developing advanced sensing technology for autonomous vehicles and industrial applications. The company went public in February 2020 and has positioned itself as a leader in next-generation LiDAR (Light Detection and Ranging) technology, specifically through its proprietary frequency modulated continuous wave (FMCW) approach. Aeva's technology represents a significant advancement over traditional LiDAR systems by providing what the company calls "4D LiDAR" capabilities, which can simultaneously measure distance, velocity, reflectivity, and precise positioning of objects in real-time.
Business
Aeva operates in the rapidly evolving autonomous sensing technology sector, primarily focusing on LiDAR technology development and manufacturing. LiDAR systems use laser pulses to create detailed 3D maps of surrounding environments, serving as critical "eyes" for autonomous vehicles, robots, and various industrial applications that require precise spatial awareness. The company's core innovation lies in its frequency modulated continuous wave (FMCW) LiDAR technology, which differs significantly from traditional time-of-flight LiDAR systems. While conventional LiDAR measures distance by calculating how long it takes light pulses to return from objects, FMCW LiDAR uses continuous laser waves with varying frequencies to simultaneously capture distance, velocity, and reflectivity data. This approach enables what Aeva calls "4D sensing" - providing x, y, z coordinates plus velocity information in a single measurement. Aeva's product portfolio centers around several key offerings. The Atlas Ultra 4D LiDAR represents their flagship automotive-grade sensor designed for mass production in autonomous vehicles. The company also produces the Aeries II development platform for customers building autonomous systems, and has recently introduced the Eve 1 line of high-precision sensors targeting industrial automation applications. The company operates across three primary market segments: 1. Automotive Applications (estimated 60-70% of current revenue focus): Developing LiDAR systems for autonomous trucks and passenger vehicles, with production programs including partnerships with Daimler Truck and engagements with multiple global automotive OEMs for highway autonomy applications. 2. Industrial Automation (estimated 20-25% of revenue focus): Creating precision sensing solutions for manufacturing, robotics, and factory automation through partnerships with companies like SICK AG, Nikon, and LMI Technologies, targeting applications requiring micron-level accuracy. 3. Security and Infrastructure (estimated 10-15% of revenue focus): Providing sensing solutions for airports, transportation systems, and defense applications, including deployments at major airports like JFK and San Francisco International Airport.
Revenue model
Aeva generates revenue through multiple business models centered around its proprietary LiDAR technology. The company's primary revenue streams include direct product sales of LiDAR sensors and systems, non-recurring engineering (NRE) fees for custom development work with automotive and industrial customers, and licensing arrangements for its technology platform. The company's paying customers span three main categories. Automotive OEMs and Tier 1 suppliers represent the largest revenue opportunity, with customers like Daimler Truck already in production programs and multiple global top-10 passenger vehicle OEMs in various stages of development. Industrial automation companies including SICK AG, Nikon, and LMI Technologies purchase sensors for manufacturing and robotics applications. Security and infrastructure providers like The Indoor Lab and Sensys Gatso integrate Aeva's sensors into airport security systems and traffic monitoring solutions. Revenue generation follows a typical technology hardware model with significant upfront development costs followed by recurring production revenue. For automotive applications, programs typically involve multi-year development phases with NRE revenue, followed by production contracts that can generate substantial recurring revenue over vehicle model lifecycles. Industrial applications offer faster deployment cycles but smaller individual contract values, while security applications command premium pricing due to specialized requirements. Several factors significantly impact Aeva's margins and profitability. Positive margin drivers include the company's proprietary FMCW technology creating differentiation and pricing power, economies of scale as production volumes increase, and the ability to leverage the same core technology platform across multiple market segments. The transition from development to production programs provides more predictable, higher-margin recurring revenue compared to one-time NRE projects. Margin pressures come from the capital-intensive nature of LiDAR development requiring substantial R&D investment, intense competition from both traditional LiDAR companies and new entrants, and the automotive industry's cost reduction pressures as OEMs seek to make autonomous features more affordable. Additionally, the company faces manufacturing scaling challenges and the need to achieve automotive-grade quality and reliability standards, which require significant investment in production capabilities and quality systems.
Competitive moat
Aeva's competitive moat centers primarily on its proprietary FMCW LiDAR technology and the substantial intellectual property portfolio surrounding this approach. The company claims to hold one of the largest patent portfolios in FMCW LiDAR technology, which provides some protection against direct competition. The FMCW approach offers technical advantages over traditional time-of-flight LiDAR, including the ability to measure velocity directly, better performance in adverse weather conditions, and immunity to interference from other LiDAR systems. The company's first-mover advantage in commercially viable FMCW LiDAR provides some competitive positioning, as evidenced by early production wins with customers like Daimler Truck. Aeva has also built significant expertise in silicon photonics and LiDAR-on-chip integration, creating technical barriers for competitors attempting to replicate their approach. However, Aeva's moat faces several significant challenges. The LiDAR industry remains highly competitive with well-funded competitors pursuing various technological approaches, including companies like Luminar, Velodyne, and Ouster, as well as technology giants like Apple and Google developing internal capabilities. The automotive industry's preference for multiple supplier options limits any single company's ability to achieve dominant market positions. The company's moat is also threatened by the potential for technological disruption from alternative sensing approaches, including advanced camera systems with AI processing, radar improvements, or entirely different autonomous vehicle architectures that may reduce LiDAR dependency. Additionally, as FMCW technology matures, larger technology companies or automotive suppliers with greater resources could develop competing solutions. Overall, while Aeva possesses meaningful technological differentiation and intellectual property protection, the moat appears moderate and potentially fragile given the early stage of the autonomous vehicle market, intense competition, and the possibility of technological alternatives emerging.
Risks & safety
Aeva presents a mixed margin of safety profile with strong liquidity but significant operational cash burn and uncertain path to profitability. **Liquidity and Solvency:** - Strong cash position with $28.9 million in cash and short-term investments as of Q1 2025 - Total liquidity of approximately $237 million including undrawn credit facilities - Current ratio of 2.88 indicates adequate short-term liquidity coverage - Minimal debt with debt-to-equity ratio of only 0.0025 - No immediate solvency risk given current cash runway **Cash Burn and Operations:** - Significant quarterly cash burn of $31.3 million in Q1 2025 - Annual free cash flow burn of approximately $112 million in 2024 - Current cash runway of less than 2 years at current burn rates without additional funding - Revenue growth accelerating but still far from covering operating expenses **Valuation Metrics:** - Trading at negative P/E ratios due to losses, making traditional valuation difficult - EV/EBITDA of -2.98x reflects negative EBITDA - Price-to-book ratio of 5.57x suggests premium valuation relative to tangible assets - Graham net-net working capital ratio of 0.69 indicates some asset backing **Other Considerations:** - Pre-revenue/early revenue stage company with execution risk - Dependent on securing additional production programs for long-term viability - Technology and market adoption risks in emerging autonomous vehicle sector
Recent development
Over the past few years, Aeva has executed several strategic pivots and product developments that position the company for commercial scaling. The most significant development has been the transition from a pure technology development company to one securing actual production programs. The landmark achievement was securing Daimler Truck as an exclusive LiDAR supplier for their autonomous truck program, with production beginning in 2026, representing Aeva's first major commercial validation. The company has also diversified beyond automotive applications through strategic expansion into industrial automation and security markets. The partnership with SICK AG for robotics and factory automation, collaboration with Nikon for industrial metrology applications, and the security deployment at major airports like JFK and San Francisco International Airport demonstrate this diversification strategy. The recent launch of the Eve 1 line of high-precision sensors specifically targets the $4 billion laser displacement sensor market in industrial applications. A major strategic development has been the $50 million investment commitment from a Fortune 500 technology subsidiary, which will take approximately 6% equity stake and serve as a Tier 2 manufacturing partner. This relationship provides both capital and manufacturing expertise to help scale production capabilities. Product development has focused on creating automotive-grade, mass-producible LiDAR systems. The Atlas Ultra 4D LiDAR represents the culmination of this effort, featuring improved resolution, slimmer packaging, and behind-windshield integration capabilities. The company has also developed automated manufacturing capabilities, installing production lines with initial capacity of 100,000 units annually. Recent quarters have shown accelerating revenue growth, with the company targeting 80-100% growth in 2025 compared to 2024, driven by ramping production programs and expanding industrial applications. The company has also focused on operational efficiency, targeting 10-20% reduction in operating expenses while scaling revenue.
AEVA company profile · for informational purposes only — not investment advice.
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