Revenue remains effectively stagnant at $1M per quarter while R&D intensity drives operating losses that consistently exceed $200M per period.
| Sales/Revenue | 4M | 3M | 0 | 0 | 68M | 82M | 0 | 19.6M |
| Revenue Growth % | - | - | - | -100% | -17.07% | - | -100% | - |
| Cost of Goods Sold | -159M | 17M | 676M | 716M | 677M | 697M | 179M | 160K |
| COGS % of Revenue | - | 566.67% | - | - | 995.59% | 850% | - | 0.82% |
| Gross Profit | 163M | -14M | -676M | -716M | -609M | -615M | -179M | 19.44M |
| Gross Margin % | 4075% | -466.67% | - | - | -895.59% | -750% | - | 99.18% |
| Gross Profit Growth % | - | 97.93% | 5.59% | -17.57% | 0.98% | -243.58% | -1020.73% | - |
| Operating Expenses | 1.1B | 887M | 110M | 119M | 1.24B | 116M | 39M | 132.96M |
| OpEx % of Revenue | - | 29566.67% | - | - | 1827.94% | 141.46% | - | 678.33% |
| Selling, General & Admin | 144M | 142M | 110M | 119M | 129M | 116M | 39M | 25.59M |
| SG&A % of Revenue | - | 4733.33% | - | - | 189.71% | 141.46% | - | 130.56% |
| Research & Development | 758M | 745M | 676M | 716M | 677M | 697M | 179M | 107.37M |
| R&D % of Revenue | - | 24833.33% | - | - | 995.59% | 850% | - | 547.77% |
| Other Operating Expenses | 0 | 0 | -676M | -716M | 437M | -697M | -179M | 0 |
| Operating Income | -934M | -901M | -786M | -835M | -1.85B | -731M | -218M | -113.52M |
| Operating Margin % | -23350% | -30033.33% | - | - | -2723.53% | -891.46% | - | -579.14% |
| Operating Income Growth % | - | -14.63% | 5.87% | 54.91% | -153.35% | -235.32% | -92.04% | - |
| EBITDA | -903M | -871M | -765M | -814M | -1.83B | -715M | -215M | -111.68M |
| EBITDA Margin % | -22575% | -29033.33% | - | - | -2691.18% | -871.95% | - | -569.77% |
| EBITDA Growth % | -15.47% | -13.86% | 6.02% | 55.52% | -155.94% | -232.56% | -92.51% | - |
| D&A (Non-Cash Add-back) | 31M | 30M | 21M | 21M | 22M | 16M | 3M | 1.84M |
| EBIT | -913M | -901M | -786M | -835M | -738M | -731M | -218M | -113.52M |
| Net Interest Income | 0 | 0 | 62M | 59M | 15M | 525K | 3.72M | 11.7M |
| Interest Income | 0 | 0 | 62M | 59M | 15M | 525K | 3.72M | 11.7M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 103M | 85M | 38M | 39M | 129M | -29M | 4M | 11.67M |
| Pretax Income | -831M | -816M | -748M | -796M | -1.72B | -760M | -214M | -101.85M |
| Pretax Margin % | -20775% | -27200% | - | - | -2533.82% | -926.83% | - | -519.61% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | -5M | 0 | -7.77M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0.66% | 0% | 7.63% |
| Net Income | -831M | -816M | -748M | -796M | -1.72B | -755M | -214M | -94.08M |
| Net Margin % | -20775% | -27200% | - | - | -2533.82% | -920.73% | - | -479.96% |
| Net Income Growth % | -5.06% | -9.09% | 6.03% | 53.8% | -128.21% | -252.8% | -127.47% | - |
| Net Income (Continuing) | -831M | -816M | -748M | -796M | -1.72B | -755M | -214M | -94.08M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.43 | -0.44 | -0.46 | -0.60 | -2.37 | -0.67 | -0.19 | -0.77 |
| EPS Growth % | 10.2% | 4.35% | 23.33% | 74.68% | -253.73% | -252.63% | 75.32% | - |
| EPS (Basic) | - | -0.44 | -0.46 | -0.60 | -2.37 | -0.67 | -0.19 | -0.77 |
| Diluted Shares Outstanding | 1.95B | 1.84B | 1.62B | 1.33B | 1.14B | 1.12B | 1.12B | 122.4M |
| Basic Shares Outstanding | 1.95B | 1.84B | 1.62B | 1.33B | 1.14B | 1.12B | 1.12B | 122.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Pre-commercial cash burn
As reported in recent financial statements, Aurora's revenue remains effectively non-existent at $1M per quarter, confirming that the company has yet to transition from pilot-based development agreements to a scalable, recurring commercial model capable of supporting its current high-cost operational structure.
The nominal revenue figures suggest that the company is still in the experimental phase of its business lifecycle. Investors should monitor whether these collaboration fees can eventually convert into a sustainable per-mile service model, as current growth metrics are not indicative of market penetration.
Based on the provided income statement data, R&D expenses consistently hover near $170M to $195M per quarter, representing the primary driver of the company's massive operating losses and highlighting the extreme capital intensity required to maintain its proprietary autonomous driving software stack.
The persistent level of R&D spending suggests that management is prioritizing technical milestones over near-term expense discipline. This cost structure appears decoupled from revenue generation, placing significant pressure on the company's finite cash reserves.
According to quarterly filings, Aurora utilizes significant stock-based compensation, reaching as high as $55M in a single period, which serves as a critical non-cash expense that effectively subsidizes talent retention while masking the true underlying cash-burn rate of the business.
The reliance on equity-based incentives suggests a strategy to preserve cash while competing for specialized AI engineering talent. Analysts should adjust for these non-cash charges to better understand the actual liquidity requirements of the firm's ongoing development efforts.
With operating losses consistently exceeding $200M per quarter, the company's reported cash position of $222M appears highly vulnerable, suggesting that the current trajectory may necessitate further dilutive capital raises or a drastic pivot in operational strategy to avoid a liquidity crisis.
The disconnect between the current cash balance and the quarterly burn rate warrants extreme caution regarding the company's long-term solvency. Without a clear path to commercial revenue, the reliance on external financing remains a primary existential risk for the business.
Quick answers to the most common questions about buying AUR stock.
For fiscal year 2025, Aurora Innovation, Inc. (AUR) reported total revenue of $3.0M. This represents a 84.7% decline compared to $19.6M in 2019.
Aurora Innovation, Inc. (AUR) reported a net loss of $816.0M for the fiscal year ending 2025.
Aurora Innovation, Inc. (AUR) reported an operating income of $-901.0M, resulting in an operating profit margin of -30033.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Aurora Innovation, Inc. (AUR) generated $-14.0M in gross profit for the year, representing a gross profit margin of -466.7%. This demonstrates the company's core pricing power and production efficiency.