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Aeva Technologies (AEVA) Financials

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$12.75 -3.82 (-23.05%)
As of 12:27 PM Eastern
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Annual Income Statements for Aeva Technologies

Annual Income Statements for Aeva Technologies

This table shows Aeva Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -20 -26 -102 -147 -149 -152 -145
Consolidated Net Income / (Loss)		 -20 -26 -102 -147 -149 -152 -145
Net Income / (Loss) Continuing Operations		 -20 -26 -102 -147 -149 -152 -145
Total Pre-Tax Income 		-20 -26 -102 -147 -149 -152 -145
Total Operating Income		 -20 -26 -104 -152 -148 -158 -128
Total Gross Profit		 0.57 2.10 3.43 -4.26 -5.89 -3.79 -0.66
Total Revenue		 1.38 4.84 9.27 4.19 4.31 9.07 18
Operating Revenue		 1.38 4.84 9.27 4.19 4.31 9.07 18
Total Cost of Revenue		 0.82 2.74 5.83 8.45 10 13 19
Operating Cost of Revenue		 0.82 2.74 5.83 8.45 10 13 19
Total Operating Expenses		 21 28 108 148 142 155 127
Selling, General & Admin Expense		 4.29 5.66 28 31 32 33 35
Marketing Expense		 0.97 1.68 4.44 7.04 7.64 7.16 6.69
Research & Development Expense		 15 20 75 110 103 103 85
Other Special Charges / (Income)		 - - - 0.00 0.00 12 0.00
Total Other Income / (Expense), net		 0.50 0.17 2.31 4.65 -1.55 6.28 -18
Interest & Investment Income		 0.52 0.20 0.37 3.71 8.93 7.71 2.74
Other Income / (Expense), net		 -0.02 -0.02 1.94 0.94 -10 -1.43 -20
Income Tax Expense		 0.00 0.00 0.00 0.00 0.00 0.17 0.31
Basic Earnings per Share		 ($0.17) ($0.18) ($0.51) ($3.39) ($3.29) ($2.85) ($2.55)
Weighted Average Basic Shares Outstanding		 114.97M 141.74M 200.85M 43.46M 45.41M 53.36M 57.02M
Diluted Earnings per Share		 ($0.17) ($0.18) ($0.51) ($3.39) ($3.29) ($2.85) ($2.55)
Weighted Average Diluted Shares Outstanding		 114.97M 141.74M 200.85M 43.46M 45.41M 53.36M 57.02M
Weighted Average Basic & Diluted Shares Outstanding		 114.97M 141.74M 200.85M 219.77M 263.83M 54.71M 62.95M

Quarterly Income Statements for Aeva Technologies

This table shows Aeva Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -36 -33 -45 -35 -43 -37 -36 -35 -193 107 -25
Consolidated Net Income / (Loss)		 -36 -33 -45 -35 -43 -37 -36 -35 -193 107 -25
Net Income / (Loss) Continuing Operations		 -36 -33 -45 -35 -43 -37 -36 -35 -193 107 -25
Total Pre-Tax Income 		-36 -33 -45 -35 -43 -37 -36 -35 -193 108 -25
Total Operating Income		 -38 -35 -37 -37 -49 -38 -34 -30 -35 -33 -29
Total Gross Profit		 -1.92 -1.72 -0.87 -1.39 -0.85 -0.72 -0.83 0.31 -2.72 0.43 1.32
Total Revenue		 0.74 0.81 1.61 2.11 2.01 2.25 2.70 3.37 5.51 3.58 5.62
Operating Revenue		 0.74 0.81 1.61 2.11 2.01 2.25 2.70 3.37 5.51 3.58 5.62
Total Cost of Revenue		 2.66 2.53 2.48 3.50 2.86 2.97 3.53 3.06 8.23 3.15 4.30
Operating Cost of Revenue		 2.66 2.53 2.48 3.50 2.86 2.97 3.53 3.06 8.23 3.15 4.30
Total Operating Expenses		 36 34 36 36 48 37 33 31 32 34 30
Selling, General & Admin Expense		 7.71 8.47 7.74 8.41 8.66 8.46 7.73 7.22 7.97 9.62 10
Marketing Expense		 1.49 1.52 2.04 2.53 1.71 1.58 1.34 1.94 1.39 1.80 1.55
Research & Development Expense		 27 24 26 25 26 27 24 22 23 22 19
Total Other Income / (Expense), net		 2.23 2.26 -8.12 2.02 5.64 0.50 -1.88 -4.39 -158 141 3.90
Interest & Investment Income		 2.23 2.22 2.42 2.46 2.10 1.77 1.39 1.01 0.62 0.39 0.73
Other Income / (Expense), net		 0.00 0.04 -11 -0.44 3.54 -1.27 -3.27 -5.40 -158 140 3.17
Income Tax Expense		 0.00 0.00 - 0.00 0.12 0.02 0.03 0.06 0.07 0.07 0.12
Basic Earnings per Share		 ($0.82) ($0.75) ($0.99) ($0.67) ($0.82) ($0.70) ($0.68) ($0.64) ($3.49) $1.86 ($0.44)
Weighted Average Basic Shares Outstanding		 44.10M 44.57M 45.41M 52.74M 53.00M 53.70M 53.36M 54.75M 55.16M 57.88M 57.02M
Diluted Earnings per Share		 ($0.82) ($0.75) ($0.99) ($0.67) ($0.82) ($0.70) ($0.68) ($0.64) ($3.49) ($0.52) ($0.44)
Weighted Average Diluted Shares Outstanding		 44.10M 44.57M 45.41M 52.74M 53.00M 53.70M 53.36M 54.75M 55.16M 61.09M 57.02M
Basic & Diluted Earnings per Share		 - - ($0.99) - - - ($0.68) - - - ($0.44)
Weighted Average Basic & Diluted Shares Outstanding		 222.73M 223.45M 263.83M 52.85M 53.65M 53.88M 54.71M 55.02M 56.33M 60.08M 62.95M

Annual Cash Flow Statements for Aeva Technologies

This table details how cash moves in and out of Aeva Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 19 -22 42 0.61 -29 -9.68 43
Net Cash From Operating Activities		 -16 -21 -82 -110 -119 -107 -115
Net Cash From Continuing Operating Activities		 -16 -21 -82 -110 -119 -107 -115
Net Income / (Loss) Continuing Operations		 -20 -26 -102 -147 -149 -152 -145
Consolidated Net Income / (Loss)		 -20 -26 -102 -147 -149 -152 -145
Depreciation Expense		 0.63 0.80 1.15 3.27 4.62 5.48 5.38
Amortization Expense		 0.00 0.00 3.40 3.27 0.14 -0.07 2.06
Non-Cash Adjustments To Reconcile Net Income		 2.15 3.81 19 22 31 23 48
Changes in Operating Assets and Liabilities, net		 0.42 -0.27 -3.32 8.76 -4.83 17 -25
Net Cash From Investing Activities		 -0.42 -0.86 -389 111 69 98 30
Net Cash From Continuing Investing Activities		 -0.42 -0.86 -389 111 69 98 30
Purchase of Property, Plant & Equipment		 -0.42 -0.86 -3.85 -7.44 -6.10 -5.11 -4.61
Purchase of Investments		 0.00 0.00 -572 -210 -157 -80 -75
Sale and/or Maturity of Investments		 0.00 0.00 192 329 233 183 110
Other Investing Activities, net		 0.00 0.00 -4.50 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 36 0.07 513 -0.37 21 -0.67 129
Net Cash From Continuing Financing Activities		 36 0.07 513 -0.37 21 -0.67 129
Repurchase of Common Equity		 - - - - 0.00 0.00 -3.07
Issuance of Debt		 - - - - 0.00 0.00 100
Issuance of Common Equity		 - - 0.00 0.00 21 0.00 33
Other Financing Activities, net		 0.04 0.07 513 -0.37 -0.78 -0.67 -0.85
Cash Interest Paid		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Income Taxes Paid		 0.00 0.00 0.00 0.00 0.00 0.17 0.17

Quarterly Cash Flow Statements for Aeva Technologies

This table details how cash moves in and out of Aeva Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 2.81 5.87 -2.00 -8.94 -5.98 6.84 -1.60 -7.65 0.53 24 27
Net Cash From Operating Activities		 -27 -28 -27 -31 -29 -26 -21 -31 -30 -32 -22
Net Cash From Continuing Operating Activities		 -27 -28 -27 -31 -29 -26 -21 -31 -30 -32 -22
Net Income / (Loss) Continuing Operations		 -36 -33 -45 -35 -43 -37 -36 -35 -193 107 -25
Consolidated Net Income / (Loss)		 -36 -33 -45 -35 -43 -37 -36 -35 -193 107 -25
Depreciation Expense		 1.15 1.04 1.48 1.35 1.40 1.30 1.44 1.39 1.33 1.34 1.33
Amortization Expense		 -0.03 0.10 -0.04 -0.24 -0.15 0.04 0.28 0.43 0.61 0.61 0.41
Non-Cash Adjustments To Reconcile Net Income		 5.64 6.64 9.23 6.16 2.06 8.27 6.81 10.00 168 -132 1.84
Changes in Operating Assets and Liabilities, net		 1.80 -2.61 6.97 -2.90 11 1.90 6.72 -7.74 -7.40 -9.54 -0.41
Net Cash From Investing Activities		 30 34 4.75 22 23 33 20 23 31 24 -48
Net Cash From Continuing Investing Activities		 30 34 4.75 22 23 33 20 23 31 24 -48
Purchase of Property, Plant & Equipment		 -1.11 -1.04 -2.68 -1.65 -0.78 -0.54 -2.14 -0.46 -1.37 -1.27 -1.51
Purchase of Investments		 -20 -24 -60 -39 -13 -11 -17 -16 -7.40 -2.18 -49
Sale and/or Maturity of Investments		 51 59 67 63 37 44 39 40 39 27 3.20
Net Cash From Financing Activities		 0.06 -0.01 21 -0.02 -0.22 -0.12 -0.31 -0.18 -0.28 33 97
Net Cash From Continuing Financing Activities		 0.06 -0.01 21 -0.02 -0.22 -0.12 -0.31 -0.18 -0.28 33 97
Other Financing Activities, net		 0.06 -0.01 -0.87 -0.02 -0.22 -0.12 -0.31 -0.18 -0.28 0.01 -0.40
Cash Income Taxes Paid		 - - - 0.00 0.07 0.05 0.05 0.04 0.04 0.05 0.05

Annual Balance Sheets for Aeva Technologies

This table presents Aeva Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.11 33 479 357 257 147 180
Total Current Assets		 0.00 31 458 335 229 123 154
Cash & Equivalents		 0.00 25 67 67 39 29 72
Short-Term Investments		 - 0.00 378 256 182 83 50
Accounts Receivable		 - 0.14 2.34 2.89 0.63 1.19 3.36
Inventories, net		 - 1.22 2.06 2.95 2.37 2.35 5.79
Other Current Assets		 - 4.97 9.07 5.47 5.20 7.76 22
Plant, Property, & Equipment, net		 0.00 1.61 5.14 9.72 12 10 13
Total Noncurrent Assets		 0.11 0.06 16 12 16 14 13
Intangible Assets		 - - 4.43 3.53 2.63 1.73 0.83
Other Noncurrent Operating Assets		 0.11 0.06 11 8.26 13 12 13
Total Liabilities & Shareholders' Equity		 0.11 33 479 357 257 147 180
Total Liabilities		 0.08 5.72 23 27 29 48 166
Total Current Liabilities		 0.08 5.67 14 22 18 39 36
Accounts Payable		 - 2.07 4.39 5.18 3.60 5.45 5.89
Accrued Expenses		 0.00 2.61 4.11 9.06 2.65 5.71 12
Current Employee Benefit Liabilities		 - 0.72 2.20 4.72 6.04 5.78 14
Other Current Liabilities		 - 0.28 3.61 2.86 6.11 22 3.98
Total Noncurrent Liabilities		 0.00 0.05 8.52 4.88 11 8.98 131
Long-Term Debt		 - - - - - 0.00 97
Other Noncurrent Operating Liabilities		 - 0.05 8.52 4.88 11 8.98 34
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.03 27 456 330 228 99 13
Total Preferred & Common Equity		 0.03 27 456 330 228 99 13
Preferred Stock		 0.00 - - 0.00 0.00 0.00 0.00
Total Common Equity		 0.03 27 456 330 228 99 13
Common Stock		 0.03 88 620 644 688 711 771
Retained Earnings		 -0.00 -61 -163 -310 -460 -612 -757
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 -0.52 -3.59 -0.09 0.05 -0.00

Quarterly Balance Sheets for Aeva Technologies

This table presents Aeva Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 416 388 320 292 266 225 198 169 115 91 93
Total Current Assets		 393 365 299 271 243 197 172 145 92 68 66
Cash & Equivalents		 83 118 32 35 41 30 24 30 21 22 46
Short-Term Investments		 296 233 257 227 193 160 137 104 60 28 3.20
Accounts Receivable		 0.35 3.39 2.45 0.87 0.77 0.98 0.84 0.58 0.78 3.90 1.95
Inventories, net		 1.85 1.51 3.01 2.79 2.69 2.16 3.00 2.13 3.88 3.66 4.95
Other Current Assets		 12 9.69 4.68 5.83 5.62 4.88 8.35 7.75 6.13 11 11
Plant, Property, & Equipment, net		 8.52 9.38 11 11 11 13 12 11 12 13 12
Total Noncurrent Assets		 14 13 11 9.85 12 15 14 12 10 10 14
Intangible Assets		 3.98 3.75 3.30 3.08 2.85 2.40 2.18 1.95 1.50 1.28 1.05
Other Noncurrent Operating Assets		 9.72 9.00 7.52 6.77 8.84 13 11 11 8.93 8.81 13
Total Liabilities & Shareholders' Equity		 416 388 320 292 266 225 198 169 115 91 93
Total Liabilities		 19 22 18 18 19 27 38 40 46 209 60
Total Current Liabilities		 12 16 14 15 15 17 33 34 32 106 21
Accounts Payable		 4.50 5.88 3.86 6.00 3.31 3.42 3.82 3.01 3.97 4.79 4.41
Accrued Expenses		 2.68 4.05 3.86 2.33 2.77 2.64 2.94 4.63 4.59 5.81 9.79
Current Employee Benefit Liabilities		 2.17 3.59 3.41 3.52 4.86 2.44 3.04 4.46 4.71 2.45 3.57
Other Current Liabilities		 3.15 2.95 2.73 2.70 3.79 8.09 23 22 19 93 3.10
Total Noncurrent Liabilities		 6.27 5.54 4.23 3.60 4.52 10 5.51 6.26 14 104 39
Other Noncurrent Operating Liabilities		 6.27 5.54 4.23 0.06 0.02 10 5.51 6.26 14 104 39
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 397 366 302 274 246 198 160 129 69 -118 33
Total Preferred & Common Equity		 397 366 302 274 246 198 160 129 69 -118 33
Total Common Equity		 397 366 302 274 246 198 160 129 69 -118 33
Common Stock		 632 638 650 657 662 693 699 705 716 721 765
Retained Earnings		 -231 -268 -345 -381 -415 -495 -538 -576 -647 -839 -732
Accumulated Other Comprehensive Income / (Loss)		 -3.93 -4.68 -2.37 -1.90 -0.98 -0.25 -0.24 0.12 -0.01 -0.01 0.00

Annual Metrics And Ratios for Aeva Technologies

This table displays calculated financial ratios and metrics derived from Aeva Technologies' official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - 60,079,908.00
DEI Adjusted Shares Outstanding		 - - - - - - 60,079,908.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -2.42
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -14 -18 -73 -106 -103 -111 -89
Return On Investment Capital (ROIC_SIMPLE)		 - - - -32.24% -45.29% -111.58% -81.27%
Earnings before Interest and Taxes (EBIT)		 -20 -26 -102 -151 -158 -160 -148
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -19 -25 -98 -144 -154 -154 -140
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -20 -82 -101 -105 -91 -90
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.11 2.29 11 6.11 7.41 -13 -12
Increase / (Decrease) in Invested Capital		 0.00 2.18 9.08 -5.25 1.30 -20 0.66
Book Value per Share		 $0.00 $0.87 $2.13 $1.51 $1.02 $1.84 $0.22
Tangible Book Value per Share		 $0.00 $0.87 $2.11 $1.50 $1.01 $1.81 $0.21
Total Capital		 0.11 27 456 330 228 99 110
Total Debt		 0.08 0.00 0.00 0.00 0.00 0.00 97
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 97
Net Debt		 0.08 -25 -445 -324 -221 -112 -25
Capital Expenditures (CapEx)		 0.42 0.86 3.85 7.44 6.10 5.11 4.61
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.00 0.66 -0.82 -11 -10 -28 -4.24
Debt-free Net Working Capital (DFNWC)		 -0.00 25 444 313 211 84 118
Net Working Capital (NWC)		 -0.08 25 444 313 211 84 118
Net Nonoperating Expense (NNE)		 5.53 7.55 29 41 46 41 56
Net Nonoperating Obligations (NNO)		 0.08 -25 -445 -324 -221 -112 -25
Total Depreciation and Amortization (D&A)		 0.63 0.80 4.55 6.54 4.76 5.41 7.44
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($1.60) ($2.55) ($3.40) ($3.30) ($2.85) ($2.55)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 6.21M 43.20M 43.46M 45.41M 53.36M 57.02M
Adjusted Diluted Earnings per Share		 $0.00 ($1.60) ($2.55) ($3.40) ($3.30) ($2.85) ($2.55)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 6.21M 43.20M 43.46M 45.41M 53.36M 57.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($1.60) ($2.55) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 6.18M 40.17M 43.95M 52.77M 54.71M 62.95M
Normalized Net Operating Profit after Tax (NOPAT)		 -14 -18 -73 -106 -103 -103 -89
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for Aeva Technologies

This table displays calculated financial ratios and metrics derived from Aeva Technologies' official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 60,079,908.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 60,079,908.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.42
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -27 -25 -26 -26 -34 -27 -24 -21 -24 -33 -20
Return On Investment Capital (ROIC_SIMPLE)		 - - -11.29% -13.19% - - -24.12% -30.94% 20.69% -99.77% -18.53%
Earnings before Interest and Taxes (EBIT)		 -38 -35 -47 -38 -45 -39 -38 -36 -193 107 -26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -37 -34 -46 -37 -44 -38 -36 -34 -191 109 -24
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -25 -27 -27 -21 -18 -3.74 -3.90 -0.24 143 -23 -21
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 16 17 7.41 8.87 -0.22 -5.56 -13 -12 -168 -16 -12
Increase / (Decrease) in Invested Capital		 -2.05 2.50 1.30 -4.69 -16 -23 -20 -21 -168 -10 0.66
Book Value per Share		 $1.24 $1.11 $1.02 $0.75 $3.03 $2.41 $1.84 $1.26 ($2.15) $0.59 $0.22
Tangible Book Value per Share		 $1.23 $1.09 $1.01 $0.74 $2.99 $2.37 $1.81 $1.23 ($2.17) $0.57 $0.21
Total Capital		 277 251 228 198 160 129 99 69 -118 33 110
Total Debt		 3.53 4.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 97
Total Long-Term Debt		 3.53 4.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 97
Net Debt		 -258 -229 -221 -189 -160 -135 -112 -81 -50 -49 -25
Capital Expenditures (CapEx)		 1.11 1.04 2.68 1.65 0.78 0.54 2.14 0.46 1.37 1.27 1.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5.06 -5.65 -10 -8.57 -20 -23 -28 -21 -87 -3.33 -4.24
Debt-free Net Working Capital (DFNWC)		 256 228 211 181 140 112 84 60 -37 46 118
Net Working Capital (NWC)		 256 228 211 181 140 112 84 60 -37 46 118
Net Nonoperating Expense (NNE)		 9.23 8.39 19 9.19 9.15 11 12 14 168 -141 4.95
Net Nonoperating Obligations (NNO)		 -258 -229 -221 -189 -160 -135 -112 -81 -50 -49 -25
Total Depreciation and Amortization (D&A)		 1.11 1.14 1.44 1.10 1.25 1.34 1.72 1.81 1.94 1.95 1.74
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.80) ($0.75) ($4.95) ($0.67) ($0.82) ($0.70) ($0.68) ($0.64) ($3.49) $1.86 ($0.44)
Adjusted Weighted Average Basic Shares Outstanding		 44.10M 44.57M 9.08M 52.74M 53.00M 53.70M 53.36M 54.75M 55.16M 57.88M 57.02M
Adjusted Diluted Earnings per Share		 ($0.80) ($0.75) ($4.95) ($0.67) ($0.82) ($0.70) ($0.68) ($0.64) ($3.49) ($0.52) ($0.44)
Adjusted Weighted Average Diluted Shares Outstanding		 44.10M 44.57M 9.08M 52.74M 53.00M 53.70M 53.36M 54.75M 55.16M 61.09M 57.02M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($4.95) $0.00 $0.00 $0.00 ($0.68) $0.00 $0.00 $0.00 ($0.44)
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 44.55M 44.69M 52.77M 52.85M 53.65M 53.88M 54.71M 55.02M 56.33M 60.08M 62.95M
Normalized Net Operating Profit after Tax (NOPAT)		 -27 -25 -26 -26 -26 -27 -24 -21 -24 -33 -20
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Aeva Technologies, Inc. (AEVA) has shown a mix of top-line growth, heavy operating spend, and several large one-off items across the last four years of quarterly results. Below is a concise, investor-focused read on notable trends from Q1 2025 through Q4 2025 (and context from the prior years).

  • Q4 2025 revenue rose to $5.621 million, up sharply from Q4 2024’s $2.696 million, indicating meaningful top-line growth.
  • Q4 2025 gross profit was $1.320 million on $5.621 million of revenue (gross margin ~23.5%), a notable improvement versus several prior quarters.
  • Q4 2025 financing activity provided a large cash inflow of $96.528 million, contributing to liquidity despite ongoing losses.
  • Q3 2025 featured a substantial non-operating income item (Other Income/Expense, net) of about $140.722 million, which boosted pretax and net income—clearly a one-off that may not recur.
  • R&D spend remains a major quarterly cost driver (e.g., Q4 2025 RD expense around $18.85 million; Q3 2025 RD $22.16 million), underscoring continued heavy investment in technology development.
  • Operating losses persist broadly (Total Operating Income remains negative in several quarters), highlighting ongoing profitability challenges in core operations.
  • Q4 2025 net income fell to -$25.314 million, despite top-line growth, indicating that the company still faces meaningful bottom-line headwinds.
  • Q2 2025 posted a large net loss of -$192.742 million, reflecting sizable year-to-date headwinds and non-operational factors influencing reported results.
  • The balance sheet shows negative equity in some periods (for example, Total Common Equity around -$118.181 million in the latest quarter), suggesting significant cumulative losses or restatements that impact the book value of shareholders’ equity.
05/07/26 09:49 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Aeva Technologies' Financials

When does Aeva Technologies' fiscal year end?

According to the most recent income statement we have on file, Aeva Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Aeva Technologies' net income changed over the last 6 years?

Aeva Technologies' net income appears to be on an upward trend, with a most recent value of -$145.43 million in 2025, rising from -$19.59 million in 2019. The previous period was -$152.26 million in 2024. See Aeva Technologies' forecast for analyst expectations on what’s next for the company.

What is Aeva Technologies' operating income?
Aeva Technologies' total operating income in 2025 was -$127.60 million, based on the following breakdown:
  • Total Gross Profit: -$660 thousand
  • Total Operating Expenses: $126.94 million
How has Aeva Technologies' revenue changed over the last 6 years?

Over the last 6 years, Aeva Technologies' total revenue changed from $1.38 million in 2019 to $18.08 million in 2025, a change of 1,206.3%.

How much debt does Aeva Technologies have?

Aeva Technologies' total liabilities were at $166.49 million at the end of 2025, a 245.9% increase from 2024, and a 203,408.2% increase since 2019.

How much cash does Aeva Technologies have?

In the past 6 years, Aeva Technologies' cash and equivalents has ranged from $0.00 in 2019 to $72.29 million in 2025, and is currently $72.29 million as of their latest financial filing in 2025.

How has Aeva Technologies' book value per share changed over the last 6 years?

Over the last 6 years, Aeva Technologies' book value per share changed from 0.00 in 2019 to 0.22 in 2025, a change of 109,900.0%.


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Financial statements for NASDAQ:AEVA last updated on 3/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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