Aeva Technologies (AEVA) Financials

$7.11 -0.21 (-2.87%)

As of 04:00 PM Eastern

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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-147	-149	-152
Consolidated Net Income / (Loss)	-147	-149	-152
Net Income / (Loss) Continuing Operations	-147	-149	-152
Total Pre-Tax Income	-147	-149	-152
Total Operating Income	-152	-148	-158
Total Gross Profit	-4.26	-5.89	-3.79
Total Revenue	4.19	4.31	9.07
Operating Revenue	4.19	4.31	9.07
Total Cost of Revenue	8.45	10	13
Operating Cost of Revenue	8.45	10	13
Total Operating Expenses	148	142	155
Selling, General & Admin Expense	31	32	33
Marketing Expense	7.04	7.64	7.16
Research & Development Expense	110	103	103
Other Special Charges / (Income)	0.00	0.00	12
Total Other Income / (Expense), net	4.65	-1.55	6.28
Interest & Investment Income	3.71	8.93	7.71
Other Income / (Expense), net	0.94	-10	-1.43
Income Tax Expense	0.00	0.00	0.17
Basic Earnings per Share	($3.39)	($3.29)	($2.85)
Weighted Average Basic Shares Outstanding	43.46M	45.41M	53.36M
Diluted Earnings per Share	($3.39)	($3.29)	($2.85)
Weighted Average Diluted Shares Outstanding	43.46M	45.41M	53.36M
Weighted Average Basic & Diluted Shares Outstanding	219.77M	263.83M	54.71M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-37	-43	-35	-36	-33	-45	-35	-43	-37	-36
Consolidated Net Income / (Loss)	-37	-43	-35	-36	-33	-45	-35	-43	-37	-36
Net Income / (Loss) Continuing Operations	-37	-43	-35	-36	-33	-45	-35	-43	-37	-36
Total Pre-Tax Income	-37	-43	-35	-36	-33	-45	-35	-43	-37	-36
Total Operating Income	-38	-44	-37	-38	-35	-37	-37	-49	-38	-34
Total Gross Profit	-1.39	-3.13	-1.38	-1.92	-1.72	-0.87	-1.39	-0.85	-0.72	-0.83
Total Revenue	1.37	0.19	1.15	0.74	0.81	1.61	2.11	2.01	2.25	2.70
Operating Revenue	1.37	0.19	1.15	0.74	0.81	1.61	2.11	2.01	2.25	2.70
Total Cost of Revenue	2.77	3.32	2.53	2.66	2.53	2.48	3.50	2.86	2.97	3.53
Operating Cost of Revenue	2.77	3.32	2.53	2.66	2.53	2.48	3.50	2.86	2.97	3.53
Total Operating Expenses	36	41	36	36	34	36	36	48	37	33
Selling, General & Admin Expense	8.09	7.43	7.83	7.71	8.47	7.74	8.41	8.66	8.46	7.73
Marketing Expense	2.20	1.63	2.60	1.49	1.52	2.04	2.53	1.71	1.58	1.34
Research & Development Expense	26	32	25	27	24	26	25	26	27	24
Total Other Income / (Expense), net	1.30	1.72	2.09	2.23	2.26	-8.12	2.02	5.64	0.50	-1.88
Interest & Investment Income	1.16	1.67	2.06	2.23	2.22	2.42	2.46	2.10	1.77	1.39
Other Income / (Expense), net	0.14	0.05	0.03	0.00	0.04	-11	-0.44	3.54	-1.27	-3.27
Income Tax Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.12	0.02	0.03
Basic Earnings per Share	($0.17)	($0.98)	($0.80)	($0.82)	($0.75)	($0.99)	($0.67)	($0.82)	($0.70)	($0.68)
Weighted Average Basic Shares Outstanding	217.89M	43.46M	43.93M	44.10M	44.57M	45.41M	52.74M	53.00M	53.70M	53.36M
Diluted Earnings per Share	($0.17)	($0.98)	($0.80)	($0.82)	($0.75)	($0.99)	($0.67)	($0.82)	($0.70)	($0.68)
Weighted Average Diluted Shares Outstanding	217.89M	43.46M	43.93M	44.10M	44.57M	45.41M	52.74M	53.00M	53.70M	53.36M
Basic & Diluted Earnings per Share	-	($0.98)	-	-	-	($0.99)	-	-	-	($0.68)
Weighted Average Basic & Diluted Shares Outstanding	218.23M	219.77M	220.36M	222.73M	223.45M	263.83M	52.85M	53.65M	53.88M	54.71M

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	2022	2023	2024
Net Change in Cash & Equivalents	0.61	-29	-9.68
Net Cash From Operating Activities	-110	-119	-107
Net Cash From Continuing Operating Activities	-110	-119	-107
Net Income / (Loss) Continuing Operations	-147	-149	-152
Consolidated Net Income / (Loss)	-147	-149	-152
Depreciation Expense	3.27	4.62	5.48
Amortization Expense	3.27	0.14	-0.07
Non-Cash Adjustments To Reconcile Net Income	22	27	23
Changes in Operating Assets and Liabilities, net	8.76	-1.73	17
Net Cash From Investing Activities	111	69	98
Net Cash From Continuing Investing Activities	111	69	98
Purchase of Property, Plant & Equipment	-7.44	-6.10	-5.11
Purchase of Investments	-210	-157	-80
Sale and/or Maturity of Investments	329	233	183
Other Investing Activities, net	0.00	0.00	0.00
Net Cash From Financing Activities	-0.37	21	-0.67
Net Cash From Continuing Financing Activities	-0.37	21	-0.67
Issuance of Common Equity	0.00	21	0.00
Other Financing Activities, net	-0.37	-0.78	-0.67
Cash Interest Paid	0.00	0.00	0.00
Cash Income Taxes Paid	0.00	0.00	0.17

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	35	-50	-36	2.81	5.87	-2.00	-8.94	-5.98	6.84	-1.60
Net Cash From Operating Activities	-25	-27	-36	-27	-28	-27	-31	-29	-26	-21
Net Cash From Continuing Operating Activities	-25	-27	-36	-27	-28	-27	-31	-29	-26	-21
Net Income / (Loss) Continuing Operations	-37	-43	-35	-36	-33	-45	-35	-43	-37	-36
Consolidated Net Income / (Loss)	-37	-43	-35	-36	-33	-45	-35	-43	-37	-36
Depreciation Expense	0.88	0.96	0.96	1.15	1.04	1.48	1.35	1.40	1.30	1.44
Amortization Expense	-	0.48	0.11	-0.03	0.10	-0.04	-0.24	-0.15	0.04	0.28
Non-Cash Adjustments To Reconcile Net Income	5.98	3.27	5.98	5.64	6.64	9.23	6.16	2.06	8.27	6.81
Changes in Operating Assets and Liabilities, net	2.23	11	-7.89	1.80	-2.61	6.97	-2.90	11	1.90	6.72
Net Cash From Investing Activities	60	-24	0.42	30	34	4.75	22	23	33	20
Net Cash From Continuing Investing Activities	60	-24	0.42	30	34	4.75	22	23	33	20
Purchase of Property, Plant & Equipment	-2.10	-1.47	-1.28	-1.11	-1.04	-2.68	-1.65	-0.78	-0.54	-2.14
Purchase of Investments	-4.02	-66	-55	-20	-24	-60	-39	-13	-11	-17
Sale and/or Maturity of Investments	66	44	56	51	59	67	63	37	44	39
Net Cash From Financing Activities	-0.14	-0.06	0.04	0.06	-0.01	21	-0.02	-0.22	-0.12	-0.31
Net Cash From Continuing Financing Activities	-0.56	-0.06	0.04	0.06	-0.01	21	-0.02	-0.22	-0.12	-0.31
Other Financing Activities, net	-0.56	-0.06	0.04	0.06	-0.01	-0.87	-0.02	-0.22	-0.12	-0.31
Cash Income Taxes Paid	-	-	0.00	-	-	-	0.00	0.07	0.05	0.05

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	2022	2023	2024
Total Assets	357	257	147
Total Current Assets	335	229	123
Cash & Equivalents	67	39	29
Short-Term Investments	256	182	83
Accounts Receivable	2.89	0.63	1.19
Inventories, net	2.95	2.37	2.35
Other Current Assets	5.47	5.20	7.76
Plant, Property, & Equipment, net	9.72	12	10
Total Noncurrent Assets	12	16	14
Intangible Assets	3.53	2.63	1.73
Other Noncurrent Operating Assets	8.26	13	12
Total Liabilities & Shareholders' Equity	357	257	147
Total Liabilities	27	29	48
Total Current Liabilities	22	18	39
Accounts Payable	5.18	3.60	5.45
Accrued Expenses	9.06	2.65	5.71
Current Employee Benefit Liabilities	4.72	6.04	5.78
Other Current Liabilities	2.86	6.11	22
Total Noncurrent Liabilities	4.88	11	8.98
Other Noncurrent Operating Liabilities	4.88	11	8.98
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	330	228	99
Total Preferred & Common Equity	330	228	99
Preferred Stock	0.00	0.00	0.00
Total Common Equity	330	228	99
Common Stock	644	688	711
Retained Earnings	-310	-460	-612
Accumulated Other Comprehensive Income / (Loss)	-3.59	-0.09	0.05

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	388	320	292	266	225	198	169
Total Current Assets	365	299	271	243	197	172	145
Cash & Equivalents	118	32	35	41	30	24	30
Short-Term Investments	233	257	227	193	160	137	104
Accounts Receivable	3.39	2.45	0.87	0.77	0.98	0.84	0.58
Inventories, net	1.51	3.01	2.79	2.69	2.16	3.00	2.13
Other Current Assets	9.69	4.68	5.83	5.62	4.88	8.35	7.75
Plant, Property, & Equipment, net	9.38	11	11	11	13	12	11
Total Noncurrent Assets	13	11	9.85	12	15	14	12
Intangible Assets	3.75	3.30	3.08	2.85	2.40	2.18	1.95
Other Noncurrent Operating Assets	9.00	7.52	6.77	8.84	13	11	11
Total Liabilities & Shareholders' Equity	388	320	292	266	225	198	169
Total Liabilities	22	18	18	19	27	38	40
Total Current Liabilities	16	14	15	15	17	33	34
Accounts Payable	5.88	3.86	6.00	3.31	3.42	3.82	3.01
Accrued Expenses	4.05	3.86	2.33	2.77	2.64	2.94	4.63
Current Employee Benefit Liabilities	3.59	3.41	3.52	4.86	2.44	3.04	4.46
Other Current Liabilities	2.95	2.73	2.70	3.79	8.09	23	22
Total Noncurrent Liabilities	5.54	4.23	3.60	4.52	10	5.51	6.26
Other Noncurrent Operating Liabilities	5.54	4.23	0.06	0.02	10	5.51	6.26
Commitments & Contingencies	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
Total Equity & Noncontrolling Interests	366	302	274	246	198	160	129
Total Preferred & Common Equity	366	302	274	246	198	160	129
Total Common Equity	366	302	274	246	198	160	129
Common Stock	638	650	657	662	693	699	705
Retained Earnings	-268	-345	-381	-415	-495	-538	-576
Accumulated Other Comprehensive Income / (Loss)	-4.68	-2.37	-1.90	-0.98	-0.25	-0.24	0.12

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

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-54.75%	2.86%	110.23%
EBITDA Growth	-47.87%	-6.25%	-0.58%
EBIT Growth	-47.69%	-4.80%	-0.98%
NOPAT Growth	-45.85%	2.74%	-7.16%
Net Income Growth	-44.59%	-1.38%	-1.96%
EPS Growth	-44.59%	-1.38%	13.37%
Operating Cash Flow Growth	-33.87%	-8.11%	10.03%
Free Cash Flow Firm Growth	-23.30%	-3.60%	13.33%
Invested Capital Growth	-46.21%	21.26%	-270.69%
Revenue Q/Q Growth	-39.04%	49.26%	13.60%
EBITDA Q/Q Growth	-9.60%	-2.02%	6.17%
EBIT Q/Q Growth	-8.99%	-1.96%	5.82%
NOPAT Q/Q Growth	-8.93%	4.86%	1.62%
Net Income Q/Q Growth	-8.02%	-1.56%	5.48%
EPS Q/Q Growth	-8.02%	-1.56%	5.00%
Operating Cash Flow Q/Q Growth	-1.73%	-0.44%	5.68%
Free Cash Flow Firm Q/Q Growth	6.27%	5.83%	-0.98%
Invested Capital Q/Q Growth	-58.45%	-56.94%	-127.73%
Profitability Metrics	-	-	-
Gross Margin	-101.50%	-136.50%	-41.81%
EBITDA Margin	-3,446.47%	-3,559.86%	-1,703.21%
Operating Margin	-3,624.88%	-3,427.37%	-1,747.07%
EBIT Margin	-3,602.39%	-3,670.18%	-1,762.85%
Profit (Net Income) Margin	-3,513.96%	-3,463.20%	-1,679.66%
Tax Burden Percent	100.00%	100.00%	100.11%
Interest Burden Percent	97.55%	94.36%	95.17%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1,217.03%	-1,529.44%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-1,206.38%	-1,512.60%	0.00%
Return on Net Nonoperating Assets (RNNOA)	1,179.56%	1,475.96%	0.00%
Return on Equity (ROE)	-37.47%	-53.49%	-92.90%
Cash Return on Invested Capital (CROIC)	-1,156.94%	-1,548.66%	0.00%
Operating Return on Assets (OROA)	-36.14%	-51.55%	-78.94%
Return on Assets (ROA)	-35.25%	-48.64%	-75.21%
Return on Common Equity (ROCE)	-37.47%	-53.49%	-92.90%
Return on Equity Simple (ROE_SIMPLE)	-44.65%	-65.37%	-153.25%
Net Operating Profit after Tax (NOPAT)	-106	-103	-111
NOPAT Margin	-2,537.42%	-2,399.16%	-1,222.95%
Net Nonoperating Expense Percent (NNEP)	-10.65%	-16.84%	-24.86%
Return On Investment Capital (ROIC_SIMPLE)	-32.24%	-45.29%	-111.58%
Cost of Revenue to Revenue	201.50%	236.50%	141.81%
SG&A Expenses to Revenue	741.17%	736.57%	366.89%
R&D to Revenue	2,614.19%	2,377.16%	1,132.56%
Operating Expenses to Revenue	3,523.38%	3,290.86%	1,705.26%
Earnings before Interest and Taxes (EBIT)	-151	-158	-160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-144	-154	-154
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.90	0.74	2.58
Price to Tangible Book Value (P/TBV)	0.91	0.75	2.62
Price to Revenue (P/Rev)	70.80	39.26	28.23
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	15.88
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.98	-0.98	-1.02
Leverage Ratio	1.06	1.10	1.24
Compound Leverage Factor	1.04	1.04	1.18
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	5.12	-0.02	-5.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	15.35	12.46	3.15
Quick Ratio	14.97	12.04	2.89
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-101	-105	-91
Operating Cash Flow to CapEx	-1,477.50%	-1,946.69%	-2,093.46%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.01	0.01	0.04
Accounts Receivable Turnover	1.60	2.45	9.99
Inventory Turnover	3.37	3.83	5.45
Fixed Asset Turnover	0.56	0.40	0.81
Accounts Payable Turnover	1.77	2.32	2.84
Days Sales Outstanding (DSO)	227.60	148.77	36.54
Days Inventory Outstanding (DIO)	108.33	95.29	66.99
Days Payable Outstanding (DPO)	206.72	157.20	128.55
Cash Conversion Cycle (CCC)	129.21	86.87	-25.02
Capital & Investment Metrics	-	-	-
Invested Capital	6.11	7.41	-13
Invested Capital Turnover	0.48	0.64	-3.46
Increase / (Decrease) in Invested Capital	-5.25	1.30	-20
Enterprise Value (EV)	-27	-52	144
Market Capitalization	297	169	256
Book Value per Share	$1.51	$1.02	$1.84
Tangible Book Value per Share	$1.50	$1.01	$1.81
Total Capital	330	228	99
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-324	-221	-112
Capital Expenditures (CapEx)	7.44	6.10	5.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-11	-10	-28
Debt-free Net Working Capital (DFNWC)	313	211	84
Net Working Capital (NWC)	313	211	84
Net Nonoperating Expense (NNE)	41	46	41
Net Nonoperating Obligations (NNO)	-324	-221	-112
Total Depreciation and Amortization (D&A)	6.54	4.76	5.41
Debt-free, Cash-free Net Working Capital to Revenue	-250.86%	-236.71%	-307.40%
Debt-free Net Working Capital to Revenue	7,473.66%	4,889.17%	928.20%
Net Working Capital to Revenue	7,473.66%	4,889.17%	928.20%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($3.40)	($3.30)	($2.85)
Adjusted Weighted Average Basic Shares Outstanding	43.46M	45.41M	53.36M
Adjusted Diluted Earnings per Share	($3.40)	($3.30)	($2.85)
Adjusted Weighted Average Diluted Shares Outstanding	43.46M	45.41M	53.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.95M	52.77M	54.71M
Normalized Net Operating Profit after Tax (NOPAT)	-106	-103	-103
Normalized NOPAT Margin	-2,537.42%	-2,399.16%	-1,134.15%
Pre Tax Income Margin	-3,513.96%	-3,463.20%	-1,677.77%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-60.55%	-93.46%	0.97%	-50.23%	-41.05%	756.91%	83.54%	170.79%	177.78%	67.35%
EBITDA Growth	-45.50%	-41.86%	-14.22%	-6.64%	6.72%	-7.09%	-1.41%	-19.04%	-10.17%	22.11%
EBIT Growth	-40.95%	-39.08%	-11.36%	-7.38%	5.87%	-6.84%	-1.46%	-18.83%	-10.40%	20.85%
NOPAT Growth	-38.03%	-39.01%	-9.37%	-6.99%	6.10%	17.01%	-0.21%	-28.11%	-6.71%	7.07%
Net Income Growth	-37.20%	-34.44%	-6.08%	-2.81%	8.94%	-5.37%	-0.43%	-20.69%	-12.51%	19.61%
EPS Growth	-30.77%	-34.44%	-6.08%	-2.81%	8.94%	-5.37%	16.25%	0.00%	6.67%	31.31%
Operating Cash Flow Growth	-8.45%	-7.50%	-35.70%	12.81%	-11.75%	-1.92%	14.02%	-6.41%	7.78%	23.55%
Free Cash Flow Firm Growth	-116.73%	17.84%	24.92%	43.00%	25.48%	-4.91%	22.38%	26.61%	86.32%	85.61%
Invested Capital Growth	228.63%	-46.21%	12.95%	-11.43%	16.99%	21.26%	-34.56%	-101.40%	-132.28%	-270.69%
Revenue Q/Q Growth	-7.97%	-86.32%	510.64%	-35.28%	9.02%	98.89%	30.79%	-4.51%	11.83%	19.82%
EBITDA Q/Q Growth	-5.85%	-16.62%	15.70%	-2.47%	7.42%	-33.89%	20.17%	-20.29%	14.32%	5.34%
EBIT Q/Q Growth	-5.93%	-17.74%	16.03%	-2.53%	7.13%	-33.64%	20.26%	-20.08%	13.72%	4.18%
NOPAT Q/Q Growth	-5.93%	-17.44%	16.06%	-2.46%	7.03%	-3.80%	-1.35%	-30.98%	22.56%	9.60%
Net Income Q/Q Growth	-4.38%	-16.91%	17.58%	-2.22%	7.56%	-35.28%	21.44%	-22.84%	13.82%	3.34%
EPS Q/Q Growth	-6.25%	-16.91%	17.58%	-2.22%	7.56%	-35.28%	-235.00%	-22.39%	14.63%	2.86%
Operating Cash Flow Q/Q Growth	20.08%	-6.75%	-34.28%	23.89%	-2.43%	2.63%	-13.27%	5.80%	11.24%	19.28%
Free Cash Flow Firm Q/Q Growth	15.22%	29.63%	-7.03%	10.74%	-10.84%	0.94%	20.81%	15.60%	79.34%	-4.23%
Invested Capital Q/Q Growth	-18.08%	-58.45%	121.75%	17.35%	8.21%	-56.94%	19.67%	-102.50%	-2,403.15%	-127.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	-101.24%	-1,663.83%	-120.30%	-258.14%	-211.73%	-54.13%	-66.07%	-42.15%	-32.04%	-30.75%
EBITDA Margin	-2,677.66%	-22,821.81%	-3,150.78%	-4,988.69%	-4,236.67%	-2,852.08%	-1,740.86%	-2,193.04%	-1,680.27%	-1,327.37%
Operating Margin	-2,751.24%	-23,614.36%	-3,246.17%	-5,138.76%	-4,382.22%	-2,287.09%	-1,772.38%	-2,431.06%	-1,683.38%	-1,269.99%
EBIT Margin	-2,741.41%	-23,589.36%	-3,243.73%	-5,138.63%	-4,377.41%	-2,941.22%	-1,793.21%	-2,254.92%	-1,739.73%	-1,391.17%
Profit (Net Income) Margin	-2,656.70%	-22,698.94%	-3,063.94%	-4,839.17%	-4,103.46%	-2,791.19%	-1,676.60%	-2,156.71%	-1,662.04%	-1,340.73%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.28%	100.06%	100.07%
Interest Burden Percent	96.91%	96.23%	94.46%	94.17%	93.74%	94.90%	93.50%	95.37%	95.48%	96.30%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1,380.03%	-7,928.37%	-747.25%	-733.36%	-555.07%	-1,020.60%	-583.11%	-1,418.84%	-1,613.06%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-1,377.61%	-7,925.36%	-744.66%	-730.46%	-552.17%	-1,013.56%	-579.26%	-1,414.46%	-1,607.08%	0.00%
Return on Net Nonoperating Assets (RNNOA)	1,346.42%	7,749.17%	718.53%	693.56%	523.36%	989.01%	553.28%	1,363.28%	1,557.21%	0.00%
Return on Equity (ROE)	-33.62%	-179.20%	-28.72%	-39.80%	-31.71%	-31.59%	-29.82%	-55.56%	-55.86%	-92.90%
Cash Return on Invested Capital (CROIC)	-1,124.16%	-1,156.94%	-861.89%	-639.41%	-696.71%	-1,548.66%	-881.14%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-42.19%	-236.62%	-35.54%	-50.17%	-38.72%	-41.31%	-34.70%	-60.21%	-63.86%	-62.30%
Return on Assets (ROA)	-40.88%	-227.69%	-33.57%	-47.24%	-36.30%	-39.20%	-32.44%	-57.59%	-61.01%	-60.04%
Return on Common Equity (ROCE)	-33.62%	-179.20%	-28.72%	-39.80%	-31.71%	-31.59%	-29.82%	-55.56%	-55.86%	-92.90%
Return on Equity Simple (ROE_SIMPLE)	-37.31%	0.00%	-49.45%	-54.94%	-59.67%	0.00%	-75.42%	-98.10%	-124.62%	0.00%
Net Operating Profit after Tax (NOPAT)	-26	-31	-26	-27	-25	-26	-26	-34	-27	-24
NOPAT Margin	-1,925.87%	-16,530.05%	-2,272.32%	-3,597.13%	-3,067.56%	-1,600.96%	-1,240.66%	-1,701.74%	-1,178.36%	-888.99%
Net Nonoperating Expense Percent (NNEP)	-2.42%	-3.02%	-2.59%	-2.90%	-2.89%	-7.04%	-3.85%	-4.38%	-5.98%	-7.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-9.42%	-	-	-	-11.29%	-	-	-	-24.12%
Cost of Revenue to Revenue	201.24%	1,763.83%	220.30%	358.14%	311.73%	154.13%	166.07%	142.15%	132.04%	130.75%
SG&A Expenses to Revenue	589.01%	3,951.06%	682.32%	1,038.09%	1,046.17%	480.51%	399.19%	430.57%	375.82%	286.68%
R&D to Revenue	1,901.24%	17,133.51%	2,217.25%	3,642.66%	2,936.67%	1,626.13%	1,187.09%	1,301.99%	1,205.16%	902.93%
Operating Expenses to Revenue	2,650.00%	21,950.53%	3,125.87%	4,880.62%	4,170.49%	2,232.96%	1,706.31%	2,388.92%	1,651.33%	1,239.24%
Earnings before Interest and Taxes (EBIT)	-38	-44	-37	-38	-35	-47	-38	-45	-39	-38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-37	-43	-36	-37	-34	-46	-37	-44	-38	-36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.11	0.90	0.87	1.01	0.69	0.74	1.05	0.83	1.37	2.58
Price to Tangible Book Value (P/TBV)	1.13	0.91	0.88	1.02	0.70	0.75	1.06	0.84	1.39	2.62
Price to Revenue (P/Rev)	59.22	70.80	62.22	79.77	58.97	39.26	39.34	20.36	22.12	28.23
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.84	0.00	0.00	1.12	0.00	0.00	2.03	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	8.21	0.00	0.00	5.15	0.00	0.00	3.42	0.00	5.22	15.88
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.01	0.02	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.01	0.02	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.98	-0.98	-0.96	-0.95	-0.95	-0.98	-0.96	-0.96	-0.97	-1.02
Leverage Ratio	1.05	1.06	1.05	1.06	1.07	1.10	1.09	1.13	1.16	1.24
Compound Leverage Factor	1.02	1.02	0.99	0.99	1.00	1.04	1.02	1.08	1.11	1.19
Debt to Total Capital	0.00%	0.00%	0.00%	1.28%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.28%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	98.72%	98.21%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	-0.02	-0.03	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	1.68	1.52	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.02	-0.03	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	-0.03	-0.04	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	2.34	2.11	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.03	-0.04	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	10.92	6.11	7.86	7.91	3.72	1.40	2.03	-1.59	-2.03	-2.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	22.20	15.35	21.55	18.61	16.48	12.46	11.89	5.28	4.32	3.15
Quick Ratio	21.52	14.97	20.99	18.02	15.92	12.04	11.47	4.93	4.03	2.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-37	-26	-28	-25	-27	-27	-21	-18	-3.74	-3.90
Operating Cash Flow to CapEx	-1,199.14%	-1,821.88%	-2,824.47%	-2,462.44%	-2,712.37%	-1,019.54%	-1,878.76%	-3,743.90%	-4,776.38%	-977.46%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.01	0.01	0.01	0.01	0.01	0.02	0.03	0.04	0.04
Accounts Receivable Turnover	2.99	1.60	3.16	5.66	1.39	2.45	3.08	7.64	11.88	9.99
Inventory Turnover	2.91	3.37	3.89	4.86	5.25	3.83	4.32	3.93	4.90	5.45
Fixed Asset Turnover	1.05	0.56	0.47	0.35	0.28	0.40	0.45	0.56	0.71	0.81
Accounts Payable Turnover	1.28	1.77	1.83	2.15	2.40	2.32	3.07	2.31	3.74	2.84
Days Sales Outstanding (DSO)	122.07	227.60	115.33	64.53	262.54	148.77	118.52	47.77	30.74	36.54
Days Inventory Outstanding (DIO)	125.35	108.33	93.75	75.15	69.57	95.29	84.47	92.90	74.42	66.99
Days Payable Outstanding (DPO)	285.32	206.72	199.63	170.03	152.03	157.20	118.98	157.73	97.58	128.55
Cash Conversion Cycle (CCC)	-37.89	129.21	9.45	-30.35	180.08	86.87	84.00	-17.06	7.58	-25.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	15	6.11	14	16	17	7.41	8.87	-0.22	-5.56	-13
Invested Capital Turnover	0.72	0.48	0.33	0.20	0.18	0.64	0.47	0.83	1.37	-3.46
Increase / (Decrease) in Invested Capital	10	-5.25	1.55	-2.05	2.50	1.30	-4.69	-16	-23	-20
Enterprise Value (EV)	56	-27	-27	18	-59	-52	18	-27	42	144
Market Capitalization	407	297	262	275	170	169	207	133	177	256
Book Value per Share	$1.68	$1.51	$1.37	$1.24	$1.11	$1.02	$0.75	$3.03	$2.41	$1.84
Tangible Book Value per Share	$1.66	$1.50	$1.36	$1.23	$1.09	$1.01	$0.74	$2.99	$2.37	$1.81
Total Capital	366	330	302	277	251	228	198	160	129	99
Total Debt	0.00	0.00	0.00	3.53	4.50	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	3.53	4.50	0.00	0.00	0.00	0.00	0.00
Net Debt	-351	-324	-288	-258	-229	-221	-189	-160	-135	-112
Capital Expenditures (CapEx)	2.10	1.47	1.28	1.11	1.04	2.68	1.65	0.78	0.54	2.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.88	-11	-3.72	-5.06	-5.65	-10	-8.57	-20	-23	-28
Debt-free Net Working Capital (DFNWC)	349	313	285	256	228	211	181	140	112	84
Net Working Capital (NWC)	349	313	285	256	228	211	181	140	112	84
Net Nonoperating Expense (NNE)	10	12	9.09	9.23	8.39	19	9.19	9.15	11	12
Net Nonoperating Obligations (NNO)	-351	-324	-288	-258	-229	-221	-189	-160	-135	-112
Total Depreciation and Amortization (D&A)	0.88	1.44	1.07	1.11	1.14	1.44	1.10	1.25	1.34	1.72
Debt-free, Cash-free Net Working Capital to Revenue	-27.26%	-250.86%	-88.56%	-146.60%	-195.50%	-236.71%	-162.59%	-312.52%	-290.26%	-307.40%
Debt-free Net Working Capital to Revenue	5,073.97%	7,473.66%	6,773.35%	7,418.13%	7,893.49%	4,889.17%	3,429.29%	2,136.74%	1,399.17%	928.20%
Net Working Capital to Revenue	5,073.97%	7,473.66%	6,773.35%	7,418.13%	7,893.49%	4,889.17%	3,429.29%	2,136.74%	1,399.17%	928.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.85)	($4.90)	($0.80)	($0.80)	($0.75)	($4.95)	($0.67)	($0.82)	($0.70)	($0.68)
Adjusted Weighted Average Basic Shares Outstanding	43.58M	8.69M	43.93M	44.10M	44.57M	9.08M	52.74M	53.00M	53.70M	53.36M
Adjusted Diluted Earnings per Share	($0.85)	($4.90)	($0.80)	($0.80)	($0.75)	($4.95)	($0.67)	($0.82)	($0.70)	($0.68)
Adjusted Weighted Average Diluted Shares Outstanding	43.58M	8.69M	43.93M	44.10M	44.57M	9.08M	52.74M	53.00M	53.70M	53.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	($4.90)	$0.00	$0.00	$0.00	($4.95)	$0.00	$0.00	$0.00	($0.68)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.65M	43.95M	44.07M	44.55M	44.69M	52.77M	52.85M	53.65M	53.88M	54.71M
Normalized Net Operating Profit after Tax (NOPAT)	-26	-31	-26	-27	-25	-26	-26	-26	-27	-24
Normalized NOPAT Margin	-1,925.87%	-16,530.05%	-2,272.32%	-3,597.13%	-3,067.56%	-1,600.96%	-1,240.66%	-1,301.65%	-1,178.36%	-888.99%
Pre Tax Income Margin	-2,656.70%	-22,698.94%	-3,063.94%	-4,839.17%	-4,103.46%	-2,791.19%	-1,676.60%	-2,150.60%	-1,661.07%	-1,339.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Aeva Technologies' Financials

When does Aeva Technologies's financial year end?

According to the most recent income statement we have on file, Aeva Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Aeva Technologies' net income changed over the last 2 years?

The last 5 years of Aeva Technologies' net income performance:

2022: -$147.31 million
2023: -$149.33 million
2024: -$152.26 million

What is Aeva Technologies's operating income?

Aeva Technologies's total operating income in 2024 was -$158.37 million, based on the following breakdown:

Total Gross Profit: -$3.79 million
Total Operating Expenses: $154.58 million

How has Aeva Technologies revenue changed over the last 2 years?

Over the last 2 years, Aeva Technologies' total revenue changed from $4.19 million in 2022 to $9.07 million in 2024, a change of 116.2%.

How much debt does Aeva Technologies have?

Aeva Technologies' total liabilities were at $48.14 million at the end of 2024, a 66.3% increase from 2023, and a 80.2% increase since 2022.

How much cash does Aeva Technologies have?

In the past 2 years, Aeva Technologies' cash and equivalents has ranged from $28.86 million in 2024 to $67.42 million in 2022, and is currently $28.86 million as of their latest financial filing in 2024.

How has Aeva Technologies' book value per share changed over the last 2 years?

Over the last 2 years, Aeva Technologies' book value per share changed from 1.51 in 2022 to 1.84 in 2024, a change of 22.0%.

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This page (NYSE:AEVA) was last updated on 4/30/2025 by MarketBeat.com Staff

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Aeva Technologies (AEVA) Financials

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Aeva Technologies (AEVA) Financials

Annual Income Statements for Aeva Technologies

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Quarterly Cash Flow Statements for Aeva Technologies

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Quarterly Balance Sheets for Aeva Technologies

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Quarterly Metrics and Ratios for Aeva Technologies

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