Aeva Technologies (AEVA) AI Stock Analysis

• Market Cap: $632.64M
• Dividend Yield: N/A
• Average Volume (3M): 2.03M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.49
• 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: 2,002,422
• 30 Day Avg. Volume: 2,025,745
• 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: 1.33
• Enterprise Value/Revenue: 55.63
• Enterprise Value/Gross Profit: -300.11
• Enterprise Value/Ebitda: 50.01
• 1Y Price Target: $23.89
• Price Target Upside: 126.88% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): -1.8
• Revenue Forecast (FY): $18.45M

• Rating: 47 Neutral
• Price Target: $10.50 ▼(-0.28% Downside)

Aeva Technologies' overall stock score is primarily impacted by its weak financial performance, with negative profitability and cash flow metrics. Technical analysis also indicates bearish momentum. However, the positive outlook from the earnings call, including strategic partnerships and investment, provides some optimism for future growth.

Positive Factors

Strategic Partnerships

Completing a program with a top OEM and entering contract negotiations strengthens Aeva's market position and potential revenue streams.

Product Expansion

Expanding product lines into new markets like manufacturing automation diversifies revenue sources and leverages existing technology.

Financial Position

The investment from Apollo strengthens Aeva's balance sheet, providing capital for scaling operations and pursuing new opportunities.

Negative Factors

Negative Profit Margins

Consistently negative profit margins indicate cost challenges and inefficiencies, impacting long-term profitability and sustainability.

Cash Flow Challenges

Negative cash flows highlight liquidity issues, potentially limiting Aeva's ability to invest in growth and manage financial obligations.

Declining Equity

Decreasing equity levels indicate financial instability, which could hinder Aeva's ability to secure favorable financing terms.

Aeva Technologies Business Overview & Revenue Model

Company Description

Aeva Technologies, Inc., through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application. The company was founded in 2017 is based in Mountain View, California.

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: Negative
• Last Price: 10.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 10.53 is below the 20-day moving average (MA) of 11.89, below the 50-day MA of 14.82, and below the 200-day MA of 14.39, indicating a bearish trend. The MACD of -1.51 indicates Negative momentum. The RSI at 37.27 is Neutral, neither overbought nor oversold. The STOCH value of 72.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
SES	54 Neutral	$682.68M	―	-33.69%	―	―	-15.43%
LIDR	50 Neutral	$89.07M	-0.77	-75.54%	―	-19.11%	73.51%
AEVA	47 Neutral	$632.64M	―	-192.35%	―	89.90%	5.13%
CVGI	47 Neutral	$63.18M	―	-31.07%	―	-23.26%	-259.03%
INVZ	47 Neutral	$244.95M	―	-71.46%	―	46.09%	46.01%
LAZR	38 Underperform	$63.53M	―	―	―	0.97%	61.79%

Aeva Technologies Corporate Events

Aeva Technologies’ Earnings Call Highlights Strategic Growth

Aeva Technologies, Inc. recently held its earnings call, revealing a positive sentiment driven by notable achievements and strategic advancements. The company completed a significant development program with a top global OEM ahead of schedule, made progress on the Daimler Truck program, and secured a strategic investment from Apollo Global Management. Despite higher cash usage, Aeva’s robust financial position and expansion into new markets suggest a promising outlook.

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.

The most recent analyst rating on (AEVA) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Aeva Technologies stock, see the AEVA Stock Forecast page.

Aeva Technologies Reports Q3 2025 Financial Results

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.