Aeva Technologies (AEVA) AI Stock Analysis

• Market Cap: $1.03B
• Dividend Yield: N/A
• Average Volume (3M): 2.21M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.48
• Revenue Growth: 89.90%
• EPS Growth: 5.13%
• Country: US
• Employees: 276
• Sector: Technology
• Sector Strength: 88
• Industry: Auto - Parts
• EPS (TTM): -0.46
• Shares Outstanding: 60,079,906
• 10 Day Avg. Volume: 2,453,369
• 30 Day Avg. Volume: 2,208,180
• PEG Ratio: 0.12
• Price to Book (P/B): 2.55
• Price to Sales (P/S): 27.96
• P/FCF Ratio: -2.26
• Enterprise Value/Market Cap: 0.82
• Enterprise Value/Revenue: 55.63
• Enterprise Value/Gross Profit: -300.11
• Enterprise Value/Ebitda: 50.01
• 1Y Price Target: $23.89
• Price Target Upside: 49.22% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $15.00 ▼(-6.31% Downside)

Aeva Technologies' overall stock score reflects significant financial challenges, with negative profitability and cash flow metrics weighing heavily on its performance. However, the company's strategic achievements, including securing major contracts and investments, provide a positive outlook. Technical indicators suggest mixed momentum, while valuation metrics highlight high risk. The company's ability to capitalize on its strategic initiatives will be crucial for future performance.

Positive Factors

Exclusive LiDAR Supply Deal

Securing an exclusive supply deal with a major OEM for Level 3 automated driving positions Aeva as a key player in the automotive industry, enhancing its market position and providing a stable revenue stream over the next decade.

Strategic Investment

The $100 million investment strengthens Aeva's balance sheet, providing financial flexibility to support program scaling and new acquisitions, which is crucial for long-term growth and market expansion.

Product Line Expansion

Expanding the product line with new sensors targets the manufacturing automation market, diversifying revenue sources and enhancing Aeva's competitive edge in precision sensing.

Negative Factors

Negative Profit Margins

Consistently negative profit margins indicate ongoing cost challenges and operational inefficiencies, which could hinder Aeva's ability to achieve sustainable profitability and long-term financial health.

Cash Flow Challenges

Negative cash flows highlight liquidity issues, potentially limiting Aeva's ability to invest in growth opportunities and meet financial obligations, impacting long-term operational stability.

Declining Equity

A decline in equity suggests weakening financial stability, which may affect Aeva's ability to secure favorable financing terms and invest in strategic initiatives, posing risks to its long-term growth prospects.

Aeva Technologies Business Overview & Revenue Model

Company Description

Aeva Technologies (AEVA) is a pioneering technology company focused on developing advanced sensing and perception systems for autonomous vehicles and other applications. Specializing in LiDAR technology, Aeva's core products include high-performance sensor systems that enable enhanced perception for 3D mapping and object detection. The company aims to revolutionize the automotive industry by providing solutions that enhance safety and efficiency in transportation, as well as other sectors that require precise environmental mapping.

How the Company Makes Money

Aeva generates revenue primarily through the sale of its LiDAR sensors and related software solutions to original equipment manufacturers (OEMs) in the automotive industry and other sectors such as robotics and industrial automation. The company also engages in strategic partnerships with automotive manufacturers and technology companies to integrate its sensing technology into their products, providing a recurring revenue stream through licensing agreements and service contracts. Additionally, Aeva may explore opportunities in government contracts and collaborations for research and development, which can contribute to its overall earnings.

Aeva Technologies Financial Statement Overview

Summary

Aeva Technologies faces significant financial challenges across its income statement, balance sheet, and cash flow. Despite some revenue growth, profitability and cash flow metrics are concerning, with negative margins and cash flows. The balance sheet shows manageable leverage but declining equity, indicating potential risks. Overall, the company needs to address operational inefficiencies and improve cash flow management to enhance financial stability.

Income Statement

Aeva Technologies shows a concerning trend in its income statement. The company has experienced consistent negative net profit margins, with the TTM (Trailing-Twelve-Months) net profit margin at -10.31%. Although there is a slight improvement in revenue growth rate at 9.61% TTM, the gross profit margin remains negative, indicating cost challenges. The EBIT and EBITDA margins also reflect ongoing operational inefficiencies.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.18 TTM, suggesting manageable leverage. However, the return on equity is significantly negative at -7.51% TTM, indicating poor profitability relative to shareholder equity. The equity ratio is not explicitly provided, but the declining stockholders' equity over time suggests weakening financial stability.

Cash Flow

Cash flow analysis highlights persistent negative operating and free cash flows, with a slight improvement in free cash flow growth at 6.39% TTM. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is slightly above 1, suggesting some alignment between cash flow and reported earnings, but overall cash flow health remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.15M	9.06M	4.31M	4.19M	9.27M	4.84M
Gross Profit	-2.81M	-3.79M	-5.89M	-4.25M	3.43M	2.10M
EBITDA	16.86M	-137.93M	-140.08M	-145.81M	-101.08M	-24.94M
Net Income	-156.26M	-152.26M	-149.33M	-147.31M	-101.51M	-25.57M
Balance Sheet
Total Assets	92.80M	147.49M	257.38M	356.63M	479.19M	32.63M
Cash, Cash Equivalents and Short-Term Investments	48.89M	112.01M	221.03M	323.81M	445.01M	24.62M
Total Debt	6.12M	3.76M	7.35M	7.46M	10.33M	0.00
Total Liabilities	59.58M	48.14M	28.94M	26.71M	22.81M	5.72M
Stockholders Equity	33.22M	99.35M	228.44M	329.93M	456.38M	26.91M
Cash Flow
Free Cash Flow	-119.06M	-112.02M	-124.93M	-117.35M	-90.45M	-22.09M
Operating Cash Flow	-113.83M	-106.91M	-118.83M	-109.91M	-82.11M	-21.23M
Investing Cash Flow	97.31M	97.90M	69.28M	110.89M	-388.57M	-855.00K
Financing Cash Flow	31.74M	-671.00K	20.68M	-369.00K	512.86M	73.00K

Aeva Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.01
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEVA, the sentiment is Positive. The current price of 16.01 is above the 20-day moving average (MA) of 12.27, above the 50-day MA of 14.33, and above the 200-day MA of 14.94, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 60.93 is Neutral, neither overbought nor oversold. The STOCH value of 89.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AEVA.

Aeva Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LIDR	55 Neutral	$118.95M	-1.21	-75.54%	―	-19.11%	73.51%
SES	54 Neutral	$803.16M	―	-33.69%	―	―	-15.43%
AEVA	52 Neutral	$1.03B	―	-192.35%	―	89.90%	5.13%
CVGI	48 Neutral	$59.87M	―	-31.07%	―	-23.26%	-259.03%
INVZ	47 Neutral	$244.95M	―	-71.46%	―	46.09%	46.01%
LAZR	41 Neutral	$70.05M	―	―	―	0.97%	61.79%

Aeva Technologies Corporate Events

Aeva Technologies Secures Major LiDAR Supply Deal

On December 3, 2025, Aeva Technologies announced that it has been chosen by a top European passenger OEM as the exclusive LiDAR supplier for its global series-production vehicle platform, enabling Level 3 automated driving. This multi-year Supplier Award, extending into the mid-2030s, follows a successful joint development program and positions Aeva as a key player in the automotive industry, marking a significant step in the transition from conventional 3D to next-generation 4D LiDAR technology.

Aeva Technologies Secures $100M Through Convertible Notes

On November 4, 2025, Aeva Technologies, Inc. entered into a Securities Purchase Agreement with Apollo Global Securities, LLC, resulting in the sale of $100 million in Convertible Senior Notes due 2032. The transaction closed on November 6, 2025, and the company plans to use the proceeds for general corporate purposes. These notes are senior, unsecured obligations with a 4.375% interest rate, payable semi-annually, and are convertible into common stock at a specified rate. The issuance of these notes is expected to provide Aeva with additional capital to support its operations and strategic initiatives, potentially impacting its financial flexibility and market positioning.