Aeva Technologies, Inc.
Aeva Technologies, Inc. Q4 FY2025 earnings call
February 26, 2026 · fiscal period ended 2025-12
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2026-02-26
Management highlights
2025 was transformational for Ava. They solidified leadership, got a major passenger vehicle production program award from a top European OEM, NVIDIA selected Ava as reference LiDAR for Drive Hyperion, collaborated with Daimler Truck, formed strategic collaboration with LG Innotech for physical AI apps, EVE sensors began shipping, and doubled revenue in 2025 while bolstering balance sheet.
Segment performance
2025 was a record year for Ava's revenue. Q4 revenue was $5.6 million and full year 2025 revenue was $18.1 million, doubling from 2024. Non-GAAP operating loss was $23.8 million in Q4 and $102 million for the full year. Full year non-GAAP operating loss declined by 17% due to a 12% reduction in non-GAAP operating expenses. Ava's total available liquidity at the end of 2025 was $246.9 million.
Guidance
Ava targets 2026 revenue to be in the range of $30 - $36 million, an increase of ~70 - 100% y/y. Target full year 2026 non-GAAP operating expenses to be similar to prior year or a slight increase of up to 10%.
Risks
Forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from expectations. Refer to SEC filings for material risks affecting financial results.
Q&A highlights
Q: Wonder if you could talk about the NVIDIA relationship a bit more.
A: Soroush talks about long-term collaboration, NVIDIA reference as major validation for LiDAR, potential for multiple OEMs.
Q: Talk about top five passenger OEM competitive dynamics and defense pipeline.
A: Colin Rush's questions answered about transition to FMCW, defense market momentum.
Q: Talk about physical AI market and defense interest.
A: Suji De Silva's questions answered about LG Innotech partnership and defense interest drivers.
Q: Follow-on on top five OEM competition and 2026 wins.
A: Richard Shannon's questions answered about competition dynamics and expected split of 2026 wins.
Q: OEM Level 3 deployments impact.
A: Matthew Paciulli's question answered about OEM focus on Level 3 with Ava's tech
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | — | $-0.44 | — | $-0.49 |
| Revenue | — | $3.6M | — | $2.7M |
Transcript
February 26, 2026Full transcript unavailable for redistribution
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