Aeva Technologies, Inc. (AEVAW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Aeva Technologies, Inc. (AEVAW) stock price & volume — 10-year historical chart
Aeva Technologies, Inc. (AEVAW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Aeva Technologies, Inc. (AEVAW) competitors in Sensors and Imaging Semiconductors — business model, growth, and fundamentals comparison
Aeva Technologies, Inc. (AEVAW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Aeva Technologies, Inc. (AEVAW) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 135K | 1.38M | 4.84M | 9.27M | 4.19M | 4.31M | 9.06M | 18.08M |
| Revenue Growth % | - | 925.19% | 249.93% | 91.31% | -54.75% | 2.86% | 110.23% | 99.44% |
| Cost of Goods Sold | 57K | 815K | 2.74M | 5.83M | 8.45M | 10.2M | 12.86M | 18.74M |
| COGS % of Revenue | 42.22% | 58.89% | 56.6% | 62.96% | 201.5% | 236.5% | 141.81% | 103.65% |
| Gross Profit | 78K▲ 0% | 569K▲ 629.5% | 2.1M▲ 269.4% | 3.43M▲ 63.3% | -4.25M▼ 224.0% | -5.89M▼ 38.3% | -3.79M▲ 35.6% | -660K▲ 82.6% |
| Gross Margin % | 57.78% | 41.11% | 43.4% | 37.04% | -101.5% | -136.5% | -41.81% | -3.65% |
| Gross Profit Growth % | - | 629.49% | 269.42% | 63.27% | -223.98% | -38.33% | 35.61% | 82.59% |
| Operating Expenses | 11.48M | 20.66M | 27.84M | 107.62M | 147.7M | 141.9M | 154.58M | 126.94M |
| OpEx % of Revenue | 8503.7% | 1492.92% | 574.91% | 1161.55% | 3523.38% | 3290.86% | 1705.26% | 702.12% |
| Selling, General & Admin | 3.08M | 5.26M | 7.35M | 32.85M | 38.11M | 39.4M | 40.41M | 41.51M |
| SG&A % of Revenue | 2282.22% | 379.77% | 151.68% | 354.56% | 909.18% | 913.71% | 445.84% | 229.62% |
| Research & Development | 8.4M | 15.41M | 20.5M | 74.77M | 109.59M | 102.5M | 102.67M | 85.42M |
| R&D % of Revenue | 6221.48% | 1113.15% | 423.23% | 806.99% | 2614.19% | 2377.16% | 1132.56% | 472.5% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 11.5M | 0 |
| Operating Income | -11.4M▲ 0% | -20.09M▼ 76.2% | -25.74M▼ 28.1% | -104.19M▼ 304.7% | -151.96M▼ 45.8% | -147.79M▲ 2.7% | -158.37M▼ 7.2% | -127.6M▲ 19.4% |
| Operating Margin % | -8445.93% | -1451.81% | -531.51% | -1124.51% | -3624.88% | -3427.37% | -1747.07% | -705.77% |
| Operating Income Growth % | - | -76.22% | -28.11% | -304.75% | -45.85% | 2.74% | -7.16% | 19.43% |
| EBITDA | -10.93M | -19.46M | -24.94M | -101.08M | -145.81M | -140.08M | -149.43M | -127.6M |
| EBITDA Margin % | -8093.33% | -1406% | -515.03% | -1091.04% | -3478.24% | -3248.61% | -1648.42% | -705.77% |
| EBITDA Growth % | - | -78.1% | -28.18% | -305.26% | -44.24% | 3.93% | -6.67% | 14.61% |
| D&A (Non-Cash Add-back) | 476K | 634K | 798K | 3.1M | 6.15M | 7.71M | 8.94M | 0 |
| EBIT | -11.4M | -20.09M | -25.74M | -104.19M | -151.96M | -147.79M | -146.87M | 0 |
| Net Interest Income | 0 | 516K | 195K | 372K | 3.71M | 8.93M | 7.71M | 0 |
| Interest Income | 234K | 516K | 195K | 372K | 3.71M | 8.93M | 7.71M | 2.74M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 234K | 499K | 171K | 2.31M | 4.65M | -1.54M | 6.28M | -17.52M |
| Pretax Income | -11.17M▲ 0% | -19.59M▼ 75.4% | -25.57M▼ 30.5% | -101.88M▼ 298.4% | -147.31M▼ 44.6% | -149.33M▼ 1.4% | -152.09M▼ 1.8% | -145.12M▲ 4.6% |
| Pretax Margin % | -8272.59% | -1415.75% | -527.98% | -1099.6% | -3513.96% | -3463.2% | -1677.77% | -802.7% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 171K | 308K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | -0.11% | -0.21% |
| Net Income | -11.17M▲ 0% | -19.59M▼ 75.4% | -25.57M▼ 30.5% | -101.51M▼ 297.0% | -147.31M▼ 45.1% | -149.33M▼ 1.4% | -152.26M▼ 2.0% | -145.43M▲ 4.5% |
| Net Margin % | -8272.59% | -1415.75% | -527.98% | -1095.59% | -3513.96% | -3463.2% | -1679.66% | -804.4% |
| Net Income Growth % | - | -75.45% | -30.5% | -296.97% | -45.12% | -1.38% | -1.96% | 4.49% |
| Net Income (Continuing) | -11.17M | -19.59M | -25.57M | -101.88M | -147.31M | -149.33M | -152.26M | -145.43M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.26▲ 0% | -0.45▼ 73.1% | -0.60▼ 33.3% | -2.54▼ 323.3% | -3.39▼ 33.5% | -3.29▲ 2.9% | -2.85▲ 13.4% | -2.55▲ 10.5% |
| EPS Growth % | - | -73.08% | -33.33% | -323.33% | -33.46% | 2.95% | 13.37% | 10.53% |
| EPS (Basic) | -0.26 | -0.45 | -0.60 | -2.53 | -3.39 | -3.29 | -2.85 | -2.55 |
| Diluted Shares Outstanding | 42.28M | 42.28M | 42.28M | 40.17M | 43.46M | 45.41M | 53.36M | 57.02M |
| Basic Shares Outstanding | 42.28M | 42.28M | 42.28M | 40.17M | 43.46M | 45.41M | 53.36M | 57.02M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Aeva Technologies, Inc. (AEVAW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 29.31M | 25 | 30.95M | 458.48M | 335.12M | 229.22M | 123.3M | 153.53M |
| Cash & Short-Term Investments | 27.45M | 46.64M | 24.62M | 445.01M | 323.81M | 221.03M | 112.01M | 121.9M |
| Cash Only | 27.45M | 46.64M | 24.62M | 66.81M | 67.42M | 38.55M | 28.86M | 72.29M |
| Short-Term Investments | 0 | 0 | 0 | 378.2M | 256.39M | 182.48M | 83.14M | 49.61M |
| Accounts Receivable | 0 | 551K | 767K | 6.41M | 3.13M | 768K | 1.27M | 3.36M |
| Days Sales Outstanding | - | 145.31 | 57.81 | 252.53 | 272.88 | 65.01 | 51.22 | 67.9 |
| Inventory | 957K | 354K | 1.22M | 2.06M | 2.95M | 2.37M | 2.35M | 5.79M |
| Days Inventory Outstanding | 6.13K | 158.54 | 162.33 | 129.09 | 127.51 | 84.97 | 66.58 | 112.72 |
| Other Current Assets | 336K | -48.36M | 3.04M | 1.13M | 2.88M | 1.72M | 4.42M | 22.48M |
| Total Non-Current Assets | 1.9M | 106.87K | 1.68M | 20.7M | 21.51M | 28.16M | 24.19M | 26.18M |
| Property, Plant & Equipment | 1.82M | 1.56M | 1.61M | 15.42M | 17.12M | 19.4M | 14.16M | 18.32M |
| Fixed Asset Turnover | 0.07x | 0.89x | 3.00x | 0.60x | 0.24x | 0.22x | 0.64x | 0.99x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 4.42M | 3.52M | 0 | 1.73M | 825K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 5M | 5M | 0 |
| Other Non-Current Assets | 83K | -1.45M | 64K | 859K | 862K | 1.13M | 3.31M | 7.03M |
| Total Assets | 31.21M▲ 0% | 106.89K▼ 99.7% | 32.63M▲ 30427.2% | 479.19M▲ 1368.5% | 356.63M▼ 25.6% | 257.38M▼ 27.8% | 147.49M▼ 42.7% | 179.7M▲ 21.8% |
| Asset Turnover | 0.00x | 12.95x | 0.15x | 0.02x | 0.01x | 0.02x | 0.06x | 0.10x |
| Asset Growth % | - | -99.66% | 30427.15% | 1368.46% | -25.58% | -27.83% | -42.7% | 21.84% |
| Total Current Liabilities | 1.05M | 81.81K | 5.67M | 14.3M | 21.83M | 18.4M | 39.16M | 35.87M |
| Accounts Payable | 590K | 713K | 2.07M | 4.39M | 5.18M | 3.6M | 5.45M | 5.88M |
| Days Payables Outstanding | 3.78K | 319.32 | 275.78 | 274.45 | 223.92 | 128.92 | 154.83 | 114.63 |
| Short-Term Debt | 0 | 80.81K | 0 | 0 | 0 | 0 | 3.04M | 1.49M |
| Deferred Revenue (Current) | 0 | -713K | 51K | 0 | 0 | 2.08M | 4M | 0 |
| Other Current Liabilities | 19K | 0 | 766K | 2.38M | 194K | 6.49M | 20.96M | 34.38M |
| Current Ratio | 27.86x | 0.00x | 5.46x | 32.07x | 15.35x | 12.46x | 3.15x | 4.28x |
| Quick Ratio | 26.95x | -4.33x | 5.24x | 31.92x | 15.22x | 12.33x | 3.09x | 4.12x |
| Cash Conversion Cycle | - | -15.46 | -55.65 | 107.16 | 176.48 | 21.06 | -37.03 | 65.99 |
| Total Non-Current Liabilities | 0 | 0 | 45K | 8.52M | 4.88M | 10.54M | 8.98M | 130.62M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100.91M |
| Capital Lease Obligations | 0 | 0 | 0 | 7.46M | 4.79M | 3.77M | 720K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 45K | 1.06M | 90K | 6.77M | 8.26M | 29.71M |
| Total Liabilities | 1.05M | 81.81K | 5.72M | 22.81M | 26.71M | 28.94M | 48.14M | 166.49M |
| Total Debt | 0 | 80.81K | 0 | 10.33M | 7.46M | 7.35M | 3.76M | 102.39M |
| Net Debt | -27.45M | -46.56M | -24.62M | -56.48M | -59.96M | -31.19M | -25.11M | 30.1M |
| Debt / Equity | - | 3.22x | - | 0.02x | 0.02x | 0.03x | 0.04x | 7.75x |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - |
| Total Equity | 30.06M▲ 0% | 25.09K▼ 99.9% | 26.91M▲ 107178.7% | 456.38M▲ 1595.7% | 329.93M▼ 27.7% | 228.44M▼ 30.8% | 99.35M▼ 56.5% | 13.21M▼ 86.7% |
| Equity Growth % | - | -99.92% | 107178.67% | 1595.75% | -27.71% | -30.76% | -56.51% | -86.7% |
| Book Value per Share | 0.71 | 0.00 | 0.64 | 11.36 | 7.59 | 5.03 | 1.86 | 0.23 |
| Total Shareholders' Equity | 30.06M | 25.09K | 26.91M | 456.38M | 329.93M | 228.44M | 99.35M | 13.21M |
| Common Stock | 9K | 634 | 15K | 21K | 22K | 5K | 6K | 6K |
| Retained Earnings | -15.92M | -1K | -61.08M | -162.96M | -310.27M | -459.6M | -611.86M | -757.29M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -79.2M | 0 | -524K | -3.58M | -87K | 47K | -4K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Aeva Technologies, Inc. (AEVAW) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -11.15M | -16.38M | -21.23M | -82.11M | -109.91M | -118.83M | -106.91M | -115.08M |
| Operating CF Margin % | -8260% | -1183.82% | -438.39% | -886.18% | -2621.92% | -2755.7% | -1179.4% | -636.52% |
| Operating CF Growth % | - | -46.93% | -29.58% | -286.72% | -33.87% | -8.11% | 10.03% | -7.64% |
| Net Income | -11.17M | -19.59M | -25.57M | -101.88M | -147.31M | -149.33M | -152.26M | -145.43M |
| Depreciation & Amortization | 476K | 634K | 798K | 3.05M | 6.15M | 7.73M | 8.94M | 8.49M |
| Stock-Based Compensation | 755K | 2.15M | 3.81M | 22.24M | 24.25M | 23.68M | 23.71M | 21.84M |
| Deferred Taxes | 0 | 0 | 1.79M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 317K | 0 | -1.79M | -404K | 1.11M | 3.93M | -348K | 21K |
| Working Capital Changes | -1.53M | 423K | -265K | -5.11M | 5.89M | -4.83M | 13.04M | 0 |
| Change in Receivables | 0 | -369K | 228K | -2.2M | -546K | 2.26M | -559K | -2.54M |
| Change in Inventory | -957K | 603K | -865K | -844K | -2.55M | 353K | -1.11M | -3.94M |
| Change in Payables | 0 | 171K | 1.36M | 2.67M | 1.29M | -1.59M | 1.83M | -504K |
| Cash from Investing | -1.55M | -421K | -855K | -388.57M | 110.89M | 69.28M | 97.9M | 29.93M |
| Capital Expenditures | -1.55M | -421K | -855K | -8.35M | -7.44M | -6.1M | -5.11M | -4.61M |
| CapEx % of Revenue | 1151.11% | 30.42% | 17.65% | 90.12% | 177.46% | 141.56% | 56.34% | 25.49% |
| Acquisitions | 0 | 0 | 0 | 4.5M | -118.33M | -5M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -4.5M | 118.33M | 5M | 0 | 0 |
| Cash from Financing | 12.91M | 35.99M | 73K | 512.86M | -369K | 20.68M | -671K | 128.58M |
| Debt Issued (Net) | 0 | 0 | -80.81K | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 1000K | 1000K | 911K | 351K | 1000K | 81K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 12.91M | -37K | -242.7M | 511.95M | -720K | -779K | -752K | 128.58M |
| Net Change in Cash | 209K▲ 0% | 19.18M▲ 9078.0% | -22.01M▼ 214.8% | 42.19M▲ 291.6% | 610K▼ 98.6% | -28.87M▼ 4833.3% | -9.68M▲ 66.5% | 43.43M▲ 548.5% |
| Free Cash Flow | -12.71M▲ 0% | -16.8M▼ 32.3% | -22.09M▼ 31.4% | -90.45M▼ 309.6% | -117.35M▼ 29.7% | -124.93M▼ 6.5% | -112.02M▲ 10.3% | -119.69M▼ 6.8% |
| FCF Margin % | -9411.11% | -1214.23% | -456.04% | -976.31% | -2799.38% | -2897.26% | -1235.74% | -662.02% |
| FCF Growth % | - | -32.27% | -31.43% | -309.56% | -29.73% | -6.46% | 10.33% | -6.84% |
| FCF per Share | -0.30 | -0.40 | -0.52 | -2.25 | -2.70 | -2.75 | -2.10 | -2.10 |
| FCF Conversion (FCF/Net Income) | 1.00x | 0.84x | 0.83x | 0.81x | 0.75x | 0.80x | 0.70x | 0.79x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 165K | 0 |
Aeva Technologies, Inc. (AEVAW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -37.15% | -130.27% | -189.84% | -42.01% | -37.47% | -53.49% | -92.9% | -258.38% |
| Return on Invested Capital (ROIC) | - | - | - | -38.86% | -34.03% | -47.45% | -87.5% | -162.8% |
| Gross Margin | 57.78% | 41.11% | 43.4% | 37.04% | -101.5% | -136.5% | -41.81% | -3.65% |
| Net Margin | -8272.59% | -1415.75% | -527.98% | -1095.59% | -3513.96% | -3463.2% | -1679.66% | -804.4% |
| Debt / Equity | - | 3.22x | - | 0.02x | 0.02x | 0.03x | 0.04x | 7.75x |
| FCF Conversion | 1.00x | 0.84x | 0.83x | 0.81x | 0.75x | 0.80x | 0.70x | 0.79x |
| Revenue Growth | - | 925.19% | 249.93% | 91.31% | -54.75% | 2.86% | 110.23% | 99.44% |
Aeva Technologies, Inc. (AEVAW) stock FAQ — growth, dividends, profitability & financials explained
Aeva Technologies, Inc. (AEVAW) reported $18.1M in revenue for fiscal year 2025. This represents a 13292% increase from $0.1M in 2018.
Aeva Technologies, Inc. (AEVAW) grew revenue by 99.4% over the past year. This is strong growth.
Aeva Technologies, Inc. (AEVAW) reported a net loss of $145.4M for fiscal year 2025.
Aeva Technologies, Inc. (AEVAW) has a return on equity (ROE) of -258.4%. Negative ROE indicates the company is unprofitable.
Aeva Technologies, Inc. (AEVAW) had negative free cash flow of $119.7M in fiscal year 2025, likely due to heavy capital investments.
Aeva Technologies, Inc. (AEVAW) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates