Aeva Technologies, Inc. (AEVA) Revenue History
Annual and quarterly revenue from 2018 to present
AEVA Revenue Over Time (2018–2025)
AEVA Revenue Growth History
6 of 7 years with positive growth- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- +925.2%
- FY2020 revenue growth
- +249.9%
- FY2021 revenue growth
- +91.3%
- FY2022 revenue growth
- -54.8%
- FY2023 revenue growth
- +2.9%
- FY2024 revenue growth
- +110.2%
- FY2025 revenue growth
- +99.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $6.3M | +85.9% |
| Q4 2025 | $5.6M | +108.5% |
| Q3 2025 | $3.6M | +59.1% |
| Q2 2025 | $5.5M | +173.9% |
| Q1 2025 | $3.4M | +59.8% |
| Q4 2024 | $2.7M | +67.3% |
| Q3 2024 | $2.3M | +177.8% |
| Q2 2024 | $2.0M | +170.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2021)
AEVA's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
By Geography
AEVA Revenue Analysis (2018–2025)
Current Revenue & Growth
As of June 22, 2026, Aeva Technologies, Inc. (AEVA) generated trailing twelve-month (TTM) revenue of $21.0 million, reflecting explosive growth of +85.9% year-over-year. The most recent quarter (Q1 2026) recorded $6.3 million in revenue, up 11.4% sequentially.
Historical Growth Trajectory
AEVA's 5-year compound annual growth rate (CAGR) stands at +30.1%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +62.8% exceeds the 5-year average, indicating an acceleration in the most recent period. Aeva Technologies, Inc.'s highest annual revenue of $18.1 million was recorded in 2025, an all-time high.
Revenue by Segment
AEVA's revenue is primarily driven by Service (81%), and Product (19%). With over half of revenue concentrated in Service, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including LAZR (-12.4% YoY), OUST (+57.3% YoY), and INVZ (+29.6% YoY) — AEVA has outperformed the peer group in revenue growth. Compare AEVA vs LAZR →
AEVA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AEVACurrent | $21M | +85.9% | +30.1% | -705.8% | |
 LAZR | $66M | -12.4% | +36.5% | -449.6% | |
 OUST | $169M | +57.3% | +55.0% | -43.7% | |
 INVZ | $55M | +29.6% | - | -123.0% | |
 LIDR | $233,000 | +9.8% | -31.8% | -13618.5% | |
 MVIS | $1M | -64.1% | -17.1% | -5743.8% |
AEVA Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $18.1M | +99.4% | $-660,000 | -3.7% | $-127,597,000 | -705.8% |
| 2024 | $9.1M | +110.2% | $-3,790,000 | -41.8% | $-158,372,000 | -1747.1% |
| 2023 | $4.3M | +2.9% | $-5,886,000 | -136.5% | $-147,788,000 | -3427.4% |
| 2022 | $4.2M | -54.8% | $-4,255,000 | -101.5% | $-151,955,000 | -3624.9% |
| 2021 | $9.3M | +91.3% | $3.4M | 37.0% | $-104,186,000 | -1124.5% |
| 2020 | $4.8M | +249.9% | $2.1M | 43.4% | $-25,741,000 | -531.5% |
| 2019 | $1.4M | +925.2% | $569K | 41.1% | $-20,093,000 | -1451.8% |
| 2018 | $135K | - | $78K | 57.8% | $-11,402,000 | -8445.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
8+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AEVA — Frequently Asked Questions
Quick answers to the most common questions about buying AEVA stock.
Is AEVA's revenue growth accelerating or slowing?
AEVA revenue growth is accelerating. TTM revenue reached $21M, up +85.9% year-over-year — ahead of the 5-year CAGR of +30.1%. This indicates the business is expanding faster than its historical baseline.
What is AEVA's revenue history from 2018 to 2026?
Aeva Technologies, Inc. (AEVA) revenue history spans 2018 to 2026. TTM revenue as of 2026 is $21M, growing at +85.9% YoY. The 5-year CAGR is +30.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is AEVA's long-term revenue growth rate (CAGR)?
Aeva Technologies, Inc.'s 5-year revenue CAGR of +30.1% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +85.9% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for AEVA.
Why does AEVA's quarterly revenue fluctuate?
AEVA quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Aeva Technologies, Inc.'s revenue data from 2018 to 2026 shows full historical quarterly detail on this page.
How is AEVA's revenue distributed by segment?
AEVA reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does AEVA's revenue compare to industry peers?
Aeva Technologies, Inc. (AEVA) with TTM revenue of $21M and +85.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.