One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Aeva Technologies, Inc.
AEVA · NMS · Technology · Software - Infrastructure
Current price
$9.19
52-week range
$8.26 - $31.30
Market cap
$640.25M
Balance sheet
Healthy
-46.60x Concerning
Net cash $75.52M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
0 Risks
1 rewards · 0 risks
View details ↓What this company does
Aeva Technologies, Inc.
Aeva Technologies makes special sensors called LiDAR that help cars and other machines "see" and understand their surroundings, including how far away things are and how fast they are moving. Their main customers are in the automotive industry, which is important because it means their success depends a lot on how quickly self-driving car technology develops.
How the company got here
Aeva Technologies was founded in 2017 by Soroush Salehian and Mina Rezk, former engineers from Apple and Nikon. They focused on developing a unique type of LiDAR (Light Detection and Ranging) technology called Frequency Modulated Continuous Wave (FMCW) sensing, which measures both distance and velocity. This approach differed from the more common 'time-of-flight' method used by many competitors. Aeva became a public company in 2021 through a merger with a special purpose acquisition company (SPAC), InterPrivate Acquisition Corp., which allowed it to raise significant capital to fund its growth and development. The company has since secured strategic investments from notable companies like Porsche SE and Lockheed Martin, and partnered with major players like ZF and Nvidia.
What it actually does
Aeva designs and manufactures advanced sensing systems, primarily LiDAR, and the software that helps these systems understand the environment around them. Think of LiDAR as a sophisticated way for machines to 'see' by using lasers to measure distances and map out surroundings. Aeva's unique '4D LiDAR' technology not only measures distance and reflectivity but also the speed (velocity) of objects, which is crucial for applications like self-driving cars and industrial automation. Their products are sold to other businesses, not directly to consumers, for use in vehicles, robots, and smart city infrastructure.
Automotive
This is Aeva's primary focus and where it aims for large-scale production. The company develops 4D LiDAR sensors, such as the Aeries family, designed to meet the rigorous safety and performance standards required for cars. These sensors help vehicles detect other cars, pedestrians, and obstacles, and crucially, measure their speed. This capability is essential for advanced driver-assistance systems (ADAS) and fully autonomous driving, enabling vehicles to react more safely and effectively to their surroundings. Aeva is working with major automotive manufacturers and suppliers to integrate its technology into future vehicle models.
Industrial Automation and Robotics
Aeva also offers specialized LiDAR sensors and solutions for industrial applications. Products like the Aeva Eve1 are high-precision laser displacement sensors used for tasks like quality control and precise measurement in manufacturing. These sensors help automate factory processes, improve efficiency, and ensure accuracy in production lines. The company also targets robotics, where its sensors can help robots navigate complex environments and perform tasks with greater precision. These industrial applications often have shorter sales cycles compared to automotive, providing an earlier revenue stream for Aeva.
Smart Infrastructure
Aeva is developing solutions for 'smart cities' and infrastructure management. Their CityOS platform uses 4D LiDAR and artificial intelligence (AI) to analyze real-time traffic conditions. This technology can help cities monitor traffic flow, detect accidents, and improve road safety and urban planning. For example, Aeva has deployed its technology with the Georgia Department of Transportation to gather traffic intelligence. This segment leverages Aeva's sensing capabilities to create safer and more efficient urban environments.
Optical Connectivity
A new and expanding business line for Aeva is Optical Connectivity, which applies its expertise in silicon photonics and optical sources to the rapidly growing market for AI data centers. This involves developing high-performance optical solutions that are crucial for the massive data transfer and processing needs of modern AI infrastructure. By leveraging technology developed for its LiDAR products, Aeva aims to provide components for next-generation data centers, opening up a significant new market beyond its traditional sensing applications.
What management is betting on now
Aeva's management is focused on transitioning its advanced LiDAR technology from development to mass production, particularly in the automotive sector. They are strategically expanding into industrial, infrastructure, and optical connectivity markets to diversify revenue and accelerate growth, balancing the longer development timelines in automotive. A key priority is to convert existing development programs and partnerships into significant production revenue. The company is also investing in scaling its manufacturing capabilities and leveraging its core silicon photonics technology for new applications like AI data centers, aiming to unlock substantial new growth opportunities.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-26.43M
FY2024 Q4
$-23.04M
FY2025 Q1
$-31.25M
FY2025 Q2
$-31.19M
FY2025 Q3
$-33.59M
FY2025 Q4
$-23.66M
FY2026 Q1
$-28.07M
FY2026 Q2
$-31.35M
Revenue
$6.14M
Net income
$-79.62M
Diluted EPS
-1.23
Operating cash flow
$-31.17M
Free cash flow
$-31.35M
Fetching…
Sources
Revenue
$6.26M
Net income
$-34.98M
Diluted EPS
-0.56
Operating cash flow
$-25.85M
Free cash flow
$-28.07M
Fetching…
Sources
Revenue
$5.62M
Net income
$-25.31M
Diluted EPS
2.10
Operating cash flow
$-22.15M
Free cash flow
$-23.66M
Fetching…
Sources
Revenue
$3.58M
Net income
$107.50M
Diluted EPS
-0.52
Operating cash flow
$-32.31M
Free cash flow
$-33.59M
Fetching…
Sources
Revenue
$5.51M
Net income
$-192.74M
Diluted EPS
-3.49
Operating cash flow
$-29.82M
Free cash flow
$-31.19M
Fetching…
Sources
Revenue
$3.37M
Net income
$-34.87M
Diluted EPS
-0.64
Operating cash flow
$-30.79M
Free cash flow
$-31.25M
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Sources
Revenue
$2.70M
Net income
$-36.15M
Diluted EPS
-0.66
Operating cash flow
$-20.90M
Free cash flow
$-23.04M
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Sources
Revenue
$2.25M
Net income
$-37.40M
Diluted EPS
-0.70
Operating cash flow
$-25.89M
Free cash flow
$-26.43M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $9.19
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $75.5M - more cash than debt. Interest coverage -46.6x.
Net debt
$-75.52M
Interest coverage
-46.60x
Aeva Technologies, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
AEVA
BASELINE
Aeva Technologies, Inc.
Total debt $102.37M Interest coverage -46.60x This is the baseline the peer rows are being compared against.
Total debt $35.63M Interest coverage -621.40x Neither company has much profit cushion over interest right now.
Total debt $105.84M Interest coverage 6.53x This peer still has a real interest-payment cushion, while AEVA does not.
What you should know
The case for and against AEVA
1 Reward
0 Risks
Rewards
-
Revenue grew 19.5% last year.
Risks
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-5.71x
P/B
42.72x
P/S
29.64x
EV/EBITDA
-4.62x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
27.2%
Operating margin
-563.2%
Net margin
-150.1%
ROE
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ROA
-51.7%
Health
Liquidity and balance-sheet strength
Debt / equity
3.72x
Current ratio
7.85x
Quick ratio
7.34x
Total debt
$102.37M
Total cash
$177.89M
Growth
How the business has been compounding
Revenue TTM
$21.60M
Revenue 5Y CAGR
18.2%
EPS TTM
-2.72
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-111.48M
Free CF TTM
$-119.69M
FCF margin
-554.2%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
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