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Aeva Technologies, Inc. (AEVAW) 10-Year Financial Performance & Capital Metrics

AEVAW • • Industrial / General
TechnologySemiconductorsOptoelectronics & PhotonicsLasers & LiDAR Systems
AboutAeva Technologies, Inc. engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology. It offers Aeries II, a 4D LiDAR solution that consist of 4D LiDAR sensing system with embedded software for automotive grade production across passenger car, trucking, and mobility applications; and Atlas, a FMCW 4D LiDAR with simultaneous velocity and range detection for the automotive market. The company's products are also used in industrial automation, consumer device, and security market applications. Aeva Technologies, Inc. was founded in 2017 and is headquartered in Mountain View, California.Show more
  • Revenue $9M +110.2%
  • EBITDA -$149M -6.7%
  • Net Income -$152M -2.0%
  • EPS (Diluted) -2.85 +13.4%
  • Gross Margin -41.81% +69.4%
  • EBITDA Margin -1648.42% +49.2%
  • Operating Margin -1747.07% +49.0%
  • Net Margin -1679.66% +51.5%
  • ROE -92.9% -73.7%
  • ROIC -87.5% -84.4%
  • Debt/Equity 0.04 +17.5%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 89 (top 11%)
  • ✓Strong 5Y sales CAGR of 45.6%
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 17.5% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y45.63%
3Y-0.72%
TTM89.9%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM2.99%

EPS CAGR

10Y-
5Y-
3Y-
TTM-71.38%

ROCE

10Y Avg-13417.86%
5Y Avg-82.77%
3Y Avg-60.24%
Latest-91.2%

Peer Comparison

Lasers & LiDAR Systems
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Size & Scale
Valuation
Per Share
Growth
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Quality & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AEVAWAeva Technologies, Inc.2.87M0.17-0.06110.23%-10.31%-470.41%0.04
AAOIApplied Optoelectronics, Inc.2.33B34.18-7.6014.57%-36.97%-27.88%0.83
POETPOET Technologies Inc.940.84M7.14-7.60-91.11%-66.28%-76.09%0.35
IPGPIPG Photonics Corporation3.23B76.77-18.77-24.1%2.66%1.22%4.62%0.01
LASRnLIGHT, Inc.2.17B42.72-33.64-5.42%-19.13%-19.92%0.06

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.38M4.84M9.27M4.19M4.31M9.06M
Revenue Growth %-2.5%0.91%-0.55%0.03%1.1%
Cost of Goods Sold+815K2.74M5.83M8.45M10.2M12.86M
COGS % of Revenue0.59%0.57%0.63%2.02%2.37%1.42%
Gross Profit+569K2.1M3.43M-4.25M-5.89M-3.79M
Gross Margin %0.41%0.43%0.37%-1.02%-1.37%-0.42%
Gross Profit Growth %-2.69%0.63%-2.24%-0.38%0.36%
Operating Expenses+20.66M27.84M107.62M147.7M141.9M154.58M
OpEx % of Revenue14.93%5.75%11.62%35.23%32.91%17.05%
Selling, General & Admin5.26M7.35M32.85M38.11M39.4M40.41M
SG&A % of Revenue3.8%1.52%3.55%9.09%9.14%4.46%
Research & Development15.41M20.5M74.77M109.59M102.5M102.67M
R&D % of Revenue11.13%4.23%8.07%26.14%23.77%11.33%
Other Operating Expenses0000011.5M
Operating Income+-20.09M-25.74M-104.19M-151.96M-147.79M-158.37M
Operating Margin %-14.52%-5.32%-11.25%-36.25%-34.27%-17.47%
Operating Income Growth %--0.28%-3.05%-0.46%0.03%-0.07%
EBITDA+-19.46M-24.94M-101.08M-145.81M-140.06M-149.43M
EBITDA Margin %-14.06%-5.15%-10.91%-34.78%-32.48%-16.48%
EBITDA Growth %--0.28%-3.05%-0.44%0.04%-0.07%
D&A (Non-Cash Add-back)634K798K3.1M6.15M7.73M8.94M
EBIT-20.09M-25.74M-104.19M-151.96M-147.79M-146.87M
Net Interest Income+516K195K372K3.71M8.93M7.71M
Interest Income516K195K372K3.71M8.93M7.71M
Interest Expense000000
Other Income/Expense499K171K2.31M4.65M-1.54M6.28M
Pretax Income+-19.59M-25.57M-101.88M-147.31M-149.33M-152.09M
Pretax Margin %-14.16%-5.28%-11%-35.14%-34.63%-16.78%
Income Tax+00000171K
Effective Tax Rate %1%1%1%1%1%1%
Net Income+-19.59M-25.57M-101.88M-147.31M-149.33M-152.26M
Net Margin %-14.16%-5.28%-11%-35.14%-34.63%-16.8%
Net Income Growth %--0.3%-2.98%-0.45%-0.01%-0.02%
Net Income (Continuing)-19.59M-25.57M-101.88M-147.31M-149.33M-152.26M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-3.15-4.12-2.54-3.39-3.29-2.85
EPS Growth %--0.31%0.38%-0.33%0.03%0.13%
EPS (Basic)-3.15-4.12-2.54-3.39-3.29-2.85
Diluted Shares Outstanding6.21M6.21M40.17M43.46M45.41M53.36M
Basic Shares Outstanding6.21M6.21M40.17M43.46M45.41M53.36M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+2530.95M458.48M335.12M229.22M123.3M
Cash & Short-Term Investments024.62M445.01M323.81M221.03M112.01M
Cash Only024.62M66.81M67.42M38.55M28.86M
Short-Term Investments00378.2M256.39M182.48M83.14M
Accounts Receivable25767K6.41M3.13M768K1.27M
Days Sales Outstanding0.0157.81252.53272.8865.0151.22
Inventory01.22M2.06M2.95M2.37M2.35M
Days Inventory Outstanding-162.33129.09127.5184.9766.58
Other Current Assets-253.04M1.13M1.49M1.72M4.42M
Total Non-Current Assets+106.87K1.68M20.7M21.51M28.16M24.19M
Property, Plant & Equipment01.61M15.42M17.12M19.4M14.16M
Fixed Asset Turnover-3.00x0.60x0.24x0.22x0.64x
Goodwill000000
Intangible Assets004.42M001.73M
Long-Term Investments00005M5M
Other Non-Current Assets106.87K64K859K862K1.13M3.31M
Total Assets+106.89K32.63M479.19M356.63M257.38M147.49M
Asset Turnover12.95x0.15x0.02x0.01x0.02x0.06x
Asset Growth %-304.27%13.68%-0.26%-0.28%-0.43%
Total Current Liabilities+81.81K5.67M14.3M21.83M18.4M39.16M
Accounts Payable02.07M4.39M5.18M3.6M5.45M
Days Payables Outstanding-275.78274.45223.92128.92154.83
Short-Term Debt80.81K00000
Deferred Revenue (Current)051K001000K1000K
Other Current Liabilities0766K2.38M4.92M6.49M20.96M
Current Ratio0.00x5.46x32.07x15.35x12.46x3.15x
Quick Ratio0.00x5.24x31.92x15.22x12.33x3.09x
Cash Conversion Cycle--55.65107.16176.4821.06-37.03
Total Non-Current Liabilities+045K8.52M4.88M10.54M8.98M
Long-Term Debt000000
Capital Lease Obligations007.46M4.79M3.77M720K
Deferred Tax Liabilities000000
Other Non-Current Liabilities045K1.06M90K6.77M8.26M
Total Liabilities81.81K5.72M22.81M26.71M28.94M48.14M
Total Debt+80.81K010.33M7.46M7.35M3.76M
Net Debt80.81K-24.62M-56.48M-59.96M-31.19M-25.11M
Debt / Equity3.22x-0.02x0.02x0.03x0.04x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage------
Total Equity+25.09K26.91M456.38M329.93M228.44M99.35M
Equity Growth %-1071.79%15.96%-0.28%-0.31%-0.57%
Book Value per Share0.004.3311.367.595.031.86
Total Shareholders' Equity25.09K26.91M456.38M329.93M228.44M99.35M
Common Stock63415K21K22K5K6K
Retained Earnings-1K-61.08M-162.96M-310.27M-459.6M-611.86M
Treasury Stock000000
Accumulated OCI00-524K-3.58M-87K47K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-16.38M-21.23M-82.11M-109.91M-118.83M-106.91M
Operating CF Margin %-11.84%-4.38%-8.86%-26.22%-27.56%-11.79%
Operating CF Growth %--0.3%-2.87%-0.34%-0.08%0.1%
Net Income-19.59M-25.57M-101.88M-147.31M-149.33M-152.26M
Depreciation & Amortization634K798K3.05M6.15M7.73M8.94M
Stock-Based Compensation2.15M3.81M22.24M24.25M23.68M23.71M
Deferred Taxes000000
Other Non-Cash Items00-404K1.11M3.93M-348K
Working Capital Changes423K-265K-5.11M5.89M-4.83M13.04M
Change in Receivables-369K228K-2.2M-546K2.26M-559K
Change in Inventory603K-865K-844K-2.55M353K-1.11M
Change in Payables171K1.36M2.67M1.29M-1.59M1.83M
Cash from Investing+-421K-855K-388.57M110.89M69.28M97.9M
Capital Expenditures-421K-855K-3.85M-7.44M-6.1M-5.11M
CapEx % of Revenue0.3%0.18%0.42%1.77%1.42%0.56%
Acquisitions------
Investments------
Other Investing00-4.5M05M0
Cash from Financing+35.99M73K512.86M-369K20.68M-671K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing-37K-242.7M511.95M-720K-779K-752K
Net Change in Cash------
Free Cash Flow+-16.8M-22.09M-90.45M-117.35M-124.93M-112.02M
FCF Margin %-12.14%-4.56%-9.76%-27.99%-28.97%-12.36%
FCF Growth %--0.31%-3.1%-0.3%-0.06%0.1%
FCF per Share-2.71-3.56-2.25-2.70-2.75-2.10
FCF Conversion (FCF/Net Income)0.84x0.83x0.81x0.75x0.80x0.70x
Interest Paid000000
Taxes Paid00000165K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-78104.2%-189.84%-42.16%-37.47%-53.49%-92.9%
Return on Invested Capital (ROIC)--1612.24%-38.86%-34.03%-47.45%-87.5%
Gross Margin41.11%43.4%37.04%-101.5%-136.5%-41.81%
Net Margin-1415.75%-527.98%-1099.6%-3513.96%-3463.2%-1679.66%
Debt / Equity3.22x-0.02x0.02x0.03x0.04x
FCF Conversion0.84x0.83x0.81x0.75x0.80x0.70x
Revenue Growth-249.93%91.31%-54.75%2.86%110.23%

Frequently Asked Questions

Growth & Financials

Aeva Technologies, Inc. (AEVAW) reported $15.2M in revenue for fiscal year 2024. This represents a 995% increase from $1.4M in 2019.

Aeva Technologies, Inc. (AEVAW) grew revenue by 110.2% over the past year. This is strong growth.

Aeva Technologies, Inc. (AEVAW) reported a net loss of $156.3M for fiscal year 2024.

Dividend & Returns

Aeva Technologies, Inc. (AEVAW) has a return on equity (ROE) of -92.9%. Negative ROE indicates the company is unprofitable.

Aeva Technologies, Inc. (AEVAW) had negative free cash flow of $119.1M in fiscal year 2024, likely due to heavy capital investments.

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