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Aeva Technologies (AEVA)
NASDAQ:AEVA
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Aeva Technologies
(NASDAQ:AEVA)
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Rating:48Neutral
Price Target:
$13.50
▼(-2.03% Downside)
Aeva Technologies' overall stock score is primarily influenced by its financial performance, which shows significant challenges with profitability and financial stability. The technical analysis indicates bearish momentum, further weighing down the score. However, the positive sentiment from the earnings call, including strategic achievements and investment, provides some optimism for future growth.
Positive Factors
Revenue Growth
The substantial revenue growth indicates Aeva's expanding market presence and potential for capturing more market share, enhancing long-term business prospects.
Strategic Investment
The strategic investment strengthens Aeva's balance sheet, providing capital to scale operations and pursue new opportunities, supporting sustainable growth.
Product Expansion
Expanding product lines into new markets like manufacturing automation diversifies revenue streams and reduces dependency on the automotive sector.
Negative Factors
Negative Margins
Negative margins reflect operational inefficiencies and high costs, challenging Aeva's ability to achieve profitability and sustain financial health long-term.
Financial Instability
Negative equity indicates financial instability, posing risks to solvency and limiting Aeva's ability to invest in growth initiatives or weather downturns.
High Cash Usage
High cash usage can strain liquidity, especially if not matched by cash inflows, impacting Aeva's ability to fund operations and strategic initiatives.
Aeva Technologies (AEVA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$777.04M
Dividend YieldN/A
Average Volume (3M)2.07M
Price to Earnings (P/E)―
Beta (1Y)2.36
Revenue Growth89.90%
EPS Growth5.13%
CountryUS
Employees276
SectorTechnology
Sector Strength88
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.46
Shares Outstanding56,327,698
10 Day Avg. Volume1,676,445
30 Day Avg. Volume2,068,705
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)2.55
Price to Sales (P/S)27.96
P/FCF Ratio-2.26
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$22.00Price Target Upside59.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aeva Technologies Business Overview & Revenue Model
Company DescriptionAeva 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 MoneyAeva 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 Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| Next Earnings Date:Mar 25, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements, including completing the development program with a top global OEM ahead of schedule and progress on the Daimler Truck program, along with a strategic investment from Apollo Global Management. Despite higher cash usage, Aeva's strong financial position and expansion into new markets suggest a positive outlook.Q3-2025 Updates
Positive Updates
Completion of Development Program with Top 10 OEM
Aeva completed the development program with a top 10 global passenger OEM ahead of schedule and is in late-stage contract negotiations for a series production award.
Daimler Truck Production Progress
Aeva completed deliverables for Daimler Truck's initial vehicle builds and received initial orders for the next year's shipments, remaining on track for Daimler Truck's planned market entry in 2027.
Expansion into Precision Sensing
Aeva expanded into the manufacturing automation market with its Eve 1V sensor, receiving initial orders and completing installation of the production line for Eve sensors in Thailand.
Strong Financial Position
Aeva secured a $100 million investment from Apollo Global Management, boosting total liquidity to approximately $270 million.
Revenue and Cost Management
Revenue for Q3 was $3.6 million, while non-GAAP operating loss declined by 13% year-over-year, reflecting efforts to reduce operating expenses by 10-20% for the full year.
Negative Updates
Higher Cash Usage
Aeva's gross cash use was $33.6 million in Q3, higher than the prior quarter due to the timing of certain payments and working capital adjustments.
Company Guidance
During Aeva Technologies' Third Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics and developments. Aeva announced a significant achievement with a top 10 global passenger OEM, completing a development program ahead of schedule and entering late-stage contract negotiations for a series production award. The company also highlighted its progress with Daimler Truck, noting that they are on track for the planned market entry in 2027, with initial orders for 2026 shipments already received. In the precision sensing market, Aeva began shipping its Eve 1D sensors and unveiled the Eve 1V sensor, expanding their product line and targeting the manufacturing automation market. Additionally, Aeva secured a $100 million investment from Apollo Global Management, strengthening its balance sheet to support program scaling and new program acquisitions. Financially, Aeva reported Q3 revenue of $3.6 million and a non-GAAP operating loss of $27.2 million, with total available liquidity of approximately $270 million after the recent investment. The company emphasized its strong position to capitalize on the growing interest in its technology across multiple segments, including automotive and industrial markets.Aeva Technologies Financial Statement Overview
Summary
Aeva Technologies is experiencing rapid revenue growth, yet it faces significant challenges with profitability and financial stability. The negative margins and equity position highlight operational inefficiencies and potential risks. While there is some improvement in cash flow, the overall financial health of the company remains precarious, requiring strategic adjustments to enhance profitability and balance sheet strength.Income Statement
Aeva Technologies shows a significant revenue growth rate of 33.89% in the TTM period, indicating potential market expansion. However, the company struggles with negative margins across the board, including a gross profit margin of -28.64% and a net profit margin of -21.78%, reflecting substantial operational inefficiencies and high costs relative to revenue.25
Negative
Balance Sheet
The balance sheet reveals a concerning negative stockholders' equity of -$118.18 million in the TTM period, leading to a negative debt-to-equity ratio. This indicates financial instability and potential solvency issues. The return on equity is also negative at -672.05%, highlighting the company's inability to generate profit from shareholders' investments.20
Very Negative
Cash Flow
The cash flow statement shows a slight improvement in free cash flow growth at 112.6% in the TTM period, yet operating cash flow remains negative at -$107.40 million. The free cash flow to net income ratio of 1.04 suggests that the company is generating some cash relative to its net losses, but overall cash flow remains weak.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.82M | 9.06M | 4.31M | 4.19M | 9.27M | 4.84M |
| Gross Profit | -3.96M | -3.79M | -5.89M | -4.25M | 3.43M | 2.10M |
| EBITDA | -135.06M | -137.93M | -140.08M | -145.81M | -101.14M | -24.94M |
| Net Income | -301.15M | -152.26M | -149.33M | -147.31M | -101.51M | -25.57M |
Balance Sheet | ||||||
| Total Assets | 91.15M | 147.49M | 257.38M | 356.63M | 479.19M | 32.63M |
| Cash, Cash Equivalents and Short-Term Investments | 49.85M | 112.01M | 221.03M | 323.81M | 445.01M | 24.62M |
| Total Debt | 1.83M | 3.76M | 7.35M | 7.46M | 10.33M | 0.00 |
| Total Liabilities | 209.33M | 48.14M | 28.94M | 26.71M | 22.81M | 5.72M |
| Stockholders Equity | -118.18M | 99.35M | 228.44M | 329.93M | 456.38M | 26.91M |
Cash Flow | ||||||
| Free Cash Flow | -111.91M | -112.02M | -124.93M | -117.35M | -90.45M | -22.09M |
| Operating Cash Flow | -107.40M | -106.91M | -118.83M | -109.91M | -82.11M | -21.23M |
| Investing Cash Flow | 129.82M | 97.90M | 69.28M | 110.89M | -388.57M | -855.00K |
| Financing Cash Flow | -1.11M | -671.00K | 20.68M | -369.00K | 512.86M | 73.00K |
Aeva Technologies Technical Analysis
Negative
13.78
Price Trends
16.01
Negative
19.28
Negative
13.93
Negative
Market Momentum
-0.63
Positive
35.87
Neutral
9.63
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEVA, the sentiment is Negative. The current price of 13.78 is below the 20-day moving average (MA) of 16.40, below the 50-day MA of 16.01, and below the 200-day MA of 13.93, indicating a bearish trend. The MACD of -0.63 indicates Positive momentum. The RSI at 35.87 is Neutral, neither overbought nor oversold. The STOCH value of 9.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AEVA.
Aeva Technologies Risk Analysis
Aeva Technologies disclosed 77 risk factors in its most recent earnings report. Aeva Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aeva Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | $758.74M | ― | -34.37% | ― | ― | -63.15% | |
48 Neutral | $777.04M | ― | -1441.64% | ― | 89.90% | 5.13% | |
46 Neutral | $54.74M | -1.20 | -27.62% | ― | -27.36% | -218.40% | |
41 Neutral | $325.26M | ― | -72.45% | ― | 17.32% | 37.70% | |
40 Underperform | $89.07M | -0.77 | -222.90% | ― | -23.62% | 71.09% | |
39 Underperform | $92.83M | ― | ― | ― | -5.22% | 84.74% |
* Technology Sector Average
AEVA
Aeva Technologies
12.94
8.62
199.54%
CVGI
Commercial Vehicle Group
1.37
-1.15
-45.63%
LAZR
Luminar Technologies
1.15
-12.03
-91.27%
INVZ
Innoviz Technologies
1.66
1.02
159.38%
LIDR
AEye Inc
2.32
1.25
116.82%
SES
SES AI Corporation Class A
2.19
1.82
491.89%
Aeva Technologies Corporate Events
Aeva Technologies Reports Q3 2025 Financial Results
Nov 6, 2025
Aeva Technologies, Inc. is a company specializing in next-generation sensing and perception systems, primarily focusing on the automotive industry with its innovative 4D LiDAR technology. The company recently announced its third quarter 2025 results, highlighting significant progress in its development programs and strategic partnerships. Aeva successfully completed a joint development program with a top global passenger OEM and is in late-stage contract negotiations for a large-scale production award. The company also expanded its manufacturing automation product line and received initial sensor orders, marking a step forward in its commercial endeavors. Financially, Aeva reported a revenue increase to $3.6 million in Q3 2025, up from $2.3 million in the same period last year. The company also managed to reduce its GAAP operating loss to $33.2 million from $37.9 million in Q3 2024. Additionally, Aeva secured a $100 million investment from Apollo Global Management to bolster its balance sheet and accelerate commercial momentum. Looking ahead, Aeva is poised to continue its growth trajectory, leveraging its unique technology and strategic partnerships to expand its market presence and drive further innovation in the autonomous vehicle sector.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.