AEVA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $14.76

Market Cap (MRQ) $1.01B

P/E (TTM) -70.3

EPS (TTM) $-0.21

Revenue (TTM) $22M

ROE (TTM) 71.5%

52W Range $9–$31

AEVA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

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Stock splits 1

Ex-date	Split	Type
March 19, 2024	1-for-5	Reverse

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$18M

2019-12-31 → 2025-12-31

EPS$-2.55

2020-12-31 → 2025-12-31

Free Cash Flow$-120M

2022-12-31 → 2025-12-31

Net margin-150.1%

2022-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	AEVA	5Y avg	Peer Median	Verdict
P/E (TTM)	-70.35Y avg ≈-16.8	≈-16.8	·	·
P/S (TTM)	46.95Y avg ≈164.7	≈164.7	6.4	Overvalued
P/B (MRQ)	36.85Y avg ≈18.3	≈18.3	7.8	Overvalued
Price / FCF (TTM)	-8.75Y avg ≈-7.4	≈-7.4	·	·
Price / Cash Flow (TTM)	-9.15Y avg ≈-7.9	≈-7.9	·	·
Price / Tangible Book (MRQ)	37.35Y avg ≈19.1	≈19.1	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	AEVA	5Y avg	Peer Median	Verdict
Gross Margin (TTM)	27.2%5Y avg ≈-70.9%	≈-70.9%	42.2%	Weak
Operating Margin (TTM)	-610.9%5Y avg ≈-2376.3%	≈-2376.3%	6.1%	Weak
EBITDA Margin	-705.8%5Y avg ≈-2376.3%	≈-2376.3%	8.6%	Weak
Pretax Margin (TTM)	-148.9%5Y avg ≈-2364.4%	≈-2364.4%	6.0%	Weak
Net Profit Margin (TTM)	-150.1%5Y avg ≈-2365.3%	≈-2365.3%	4.6%	Weak
ROA (TTM)	-20.3%5Y avg ≈-62.0%	≈-62.0%	4.9%	Weak
ROE (TTM)	71.5%5Y avg ≈9.7%	≈9.7%	12.5%	Top tier
ROIC	-967.6%5Y avg ≈-309.5%	≈-309.5%	4.5%	Weak

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	5Y trend	AEVA	5Y avg	Peer Median	Verdict
Current Ratio (MRQ)		7.85Y avg ≈8.8	≈8.8	3.3	Strong liquidity
Quick Ratio (MRQ)		7.05Y avg ≈8.3	≈8.3	2.0	Strong liquidity

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	AEVA	5Y avg	Peer Median	Verdict
Revenue YoY	99.4%5Y avg ≈49.8%	≈49.8%	·	·
Revenue CAGR 3Y	62.8%5Y avg ≈19.4%	≈19.4%	·	·
Revenue CAGR 5Y	30.1%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	AEVA	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-2.555Y avg ≈$-2.52	≈$-2.52	·	·
Revenue / Share	$0.325Y avg ≈$0.13	≈$0.13	·	·
Cash Flow / Share	$-2.025Y avg ≈$-1.26	≈$-1.26	·	·
Cash / Share	$1.175Y avg ≈$0.54	≈$0.54	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	AEVA	5Y avg	Peer Median	Verdict
Asset Turnover	0.15Y avg ≈0.0	≈0.0	0.7	Weak
Inventory Turnover	4.65Y avg ≈4.3	≈4.3	4.3	In line
Receivables Turnover	7.95Y avg ≈5.5	≈5.5	6.1	Top tier
Revenue / Employee	≈$75.6K	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 7.9%

Next Report Nov 03, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Aug 12, 2026	$-0.41	$-0.44	6.0%
March 31, 2026	May 13, 2026	$-0.41	$-0.44	7.6%
Dec. 31, 2025		$-0.40	$-0.45	11.7%
Sept. 30, 2025		$-0.46	$-0.47	1.1%
June 30, 2025		$-0.44	$-0.48	7.4%
March 31, 2025		$-0.45	$-0.52	13.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 17

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue	$18M	$9M	$4M	$4M	$9M	$5M	$1M
Cost of Revenue	$19M	$13M	$10M	$8M	$6M	$3M	$815.0K
Gross Profit	$-660.0K	$-4M	$-6M	$-4M	$3M	$2M	$569.0K
R&D Expense	$85M	$103M	$103M	$110M	$75M	$20M	$15M
SG&A Expense	$35M	$33M	$32M	$31M	$28M	$6M	$4M
Operating Expenses	$127M	$155M	$142M	$148M	$108M	$28M	$21M
Operating Income	$-128M	$-158M	$-148M	$-152M	$-104M	$-26M	$-20M
Interest Income	$3M	$8M	$9M	$4M	$372.0K	$195.0K	$516.0K
Other Non-op	$-459.0K	$56.0K	$-4M	$943.0K	$2M	$-24.0K	$-17.0K
Pretax Income	$-145M	$-152M	$-149M	$-147M	$-102M	$-26M	$-20M
Income Tax	$308.0K	$171.0K	$0	$0	$0	$0	$0
Net Income	$-145M	$-152M	$-149M	$-147M	$-102M	$-26M	$-20M
EPS (Basic)	$-2.55	$-2.85	$-3.29	$-3.39	$-0.51	$-0.18	·
EPS (Diluted)	$-2.55	$-2.85	$-3.29	$-3.39	$-0.51	$-0.18	·
Shares (Basic)	57,023,024	53,359,685	45,412,155	43,461,579	200,849,663	141,741,752	114,967,922
Shares (Diluted)	57,023,024	53,359,685	45,412,155	43,461,579	200,849,663	141,741,752	114,967,922
EBITDA	$-128M	$-158M	$-148M	$-152M	·	$-3M	·

Balance Sheet 26

Metric	2025	2024	2023	2022	2021	2020	2019
Cash & Equivalents	$72M	$29M	$39M	$67M	$67M	$25M	$47M
Short-term Investments	$50M	$83M	$182M	$256M	$378M	$0	·
Receivables	$3M	$1M	$628.0K	$3M	$2M	$141.0K	·
Inventory	$6M	$2M	$2M	$3M	$2M	$1M	·
Prepaid Expense	$3M	$2M	$2M	$2M	$3M	$1M	·
Other Current Assets	$22M	$8M	$5M	$5M	$9M	$5M	·
Current Assets	$154M	$123M	$229M	$335M	$458M	$31M	$25
PP&E (Net)	$13M	$10M	$12M	$10M	$5M	$2M	·
PP&E (Gross)	$30M	$23M	$21M	$15M	$8M	$3M	·
Accum. Depreciation	$17M	$13M	$9M	$5M	$3M	$2M	·
Intangibles	$825.0K	$2M	$3M	$4M	$4M	$0	·
Other Non-current Assets	$7M	$8M	$6M	$862.0K	$859.0K	$64.0K	·
Total Assets	$180M	$147M	$257M	$357M	$479M	$33M	$106.9K
Accounts Payable	$6M	$5M	$4M	$5M	$4M	$2M	·
Accrued Liabilities	$12M	$6M	$3M	$9M	$4M	$3M	$1.0K
Current Liabilities	$36M	$39M	$18M	$22M	$14M	$6M	$81.8K
Capital Leases	$4M	$720.0K	$4M	$5M	$7M	·	·
Other Non-current Liabilities	·	$0	·	·	$0	$45.0K	·
Total Liabilities	$166M	$48M	$29M	$27M	$23M	$6M	$81.8K
Common Stock	$6.0K	$6.0K	$5.0K	$22.0K	$21.0K	$15.0K	$634
Paid-in Capital	·	·	·	·	·	$8M	$25.5K
Retained Earnings	$-757M	$-612M	$-460M	$-310M	$-163M	$-61M	$-1.0K
AOCI	$-4.0K	$47.0K	$-87.0K	$-4M	$-524.0K	·	·
Stockholders' Equity	$13M	$99M	$228M	$330M	$456M	$27M	$49M
Liabilities + Equity	$180M	$147M	$257M	$357M	$479M	$33M	$106.9K
Shares Outstanding	61,580,000	54,140,000	52,389,000	218,748,000	214,997,000	151,366,000	6,337,500

Cash Flow 10

Metric	2025	2024	2023	2022	2021	2020	2019
D&A	$5M	$5M	$5M	$3M	$1M	$798.0K	$634.0K
Stock-based Comp	$22M	$24M	$24M	$24M	$22M	$4M	$2M
Amort. of Intangibles	$900.0K	$900.0K	$900.0K	$900.0K	$100.0K	·	·
Operating Cash Flow	$-115M	$-107M	$-119M	$-110M	$-82M	$-21M	$-16M
CapEx	$5M	$5M	$6M	$7M	$4M	$855.0K	$421.0K
Investing Cash Flow	$30M	$98M	$69M	$111M	$-389M	$-855.0K	$-421.0K
Financing Cash Flow	$129M	$-671.0K	$21M	$-369.0K	$513M	$73.0K	$36M
Net Change in Cash	·	·	·	·	·	$694	·
Taxes Paid	$174.0K	$165.0K	$0	$0	$0	$0	$0
Free Cash Flow	$-120M	$-112M	$-125M	$-117M	·	·	·

Profitability 8

Metric	2025	2024	2023	2022	2021	2020	2019
Gross Margin	-3.6%	-41.8%	-136.5%	-101.5%	·	·	·
Operating Margin	-705.8%	-1747.1%	-3427.4%	-3624.9%	·	·	·
Net Margin	-804.4%	-1679.7%	-3463.2%	-3514.0%	·	·	·
Pretax Margin	-802.7%	-1677.8%	-3463.2%	-3514.0%	·	·	·
EBITDA Margin	-705.8%	-1747.1%	-3427.4%	-3624.9%	·	·	·
ROA	-88.9%	-75.2%	-48.6%	-35.2%	·	·	·
ROE	277.1%	-133.2%	-62.9%	-42.4%	·	·	·
ROIC	-967.6%	-159.6%	-64.7%	-46.1%	·	·	·

Liquidity & Solvency 2

Metric	Trend	2025	2024	2023	2022	2021	2020	2019
Current Ratio		4.3	3.1	12.5	15.4	·	·	·
Quick Ratio		3.5	2.9	12.0	15.0	·	·	·

Efficiency 3

Metric	2025	2024	2023	2022	2021	2020	2019
Asset Turnover	0.1	0.0	0.0	0.0	·	·	·
Inventory Turnover	4.6	5.4	3.8	3.4	·	·	·
Receivables Turnover	7.9	10.0	2.5	1.6	·	·	·

Per Share 5

Metric	2025	2024	2023	2022	2021	2020	2019
Book Value / Share	$0.21	$1.84	$0.87	$1.51	·	·	$0.00
Revenue / Share	$0.32	$0.17	$0.02	$0.02	·	·	·
Cash Flow / Share	$-2.02	$-2.00	$-0.52	$-0.51	·	·	·
Cash / Share	$1.17	$0.53	$0.15	$0.31	·	·	·
EPS (TTM)	$-2.55	$-2.85	$-3.29	$-3.39	$-0.51	$-0.18	·

Growth Rates 3

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue YoY	99.4%	110.2%	2.9%	-54.8%	91.3%	·	·
Revenue CAGR 3Y	62.8%	-0.72%	-3.8%	·	·	·	·
Revenue CAGR 5Y	30.1%	·	·	·	·	·	·

Valuation (TTM) 10

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue TTM	$18M	$9M	$4M	$4M	$9M	$5M	$1M
Net Income TTM	$-145M	$-152M	$-149M	$-147M	$-102M	$-26M	$-20M
Market Cap	$818M	$257M	$993M	$1.49B	·	·	·
P/E	-5.2	-1.7	-1.2	-2.0	-74.1	-403.9	·
P/S	45.2	28.4	230.2	354.8	·	·	·
P/B	61.9	2.6	4.3	4.5	·	·	·
P / Tangible Book	66.0	2.6	4.4	4.6	18.0	20.4	·
P / Cash Flow	-7.1	-2.4	-8.4	-13.5	·	·	·
P / FCF	-6.8	-2.3	-7.9	-12.7	·	·	·
Earnings Yield	-19.2%	-60.0%	-86.8%	-49.9%	-1.4%	-0.25%	·

Income Statement 18

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$6M	$6M	$6M	$4M	$6M	$3M	$3M	$2M	$2M	$2M	$2M	$810.0K	$743.0K	$1M	$188.0K	$1M
Cost of Revenue	$4M	$4M	$4M	$3M	$8M	$3M	$4M	$3M	$3M	$3M	$2M	$3M	$3M	$3M	$3M	$3M
Gross Profit	$2M	$2M	$1M	$430.0K	$-3M	$310.0K	$-829.0K	$-721.0K	$-848.0K	$-1M	$-872.0K	$-2M	$-2M	$-1M	$-3M	$-1M
R&D Expense	$25M	$23M	$19M	$22M	$23M	$22M	$24M	$27M	$26M	$25M	$26M	$24M	$27M	$25M	$32M	$26M
SG&A Expense	$10M	$12M	$10M	$10M	$8M	$7M	$8M	$8M	$9M	$8M	$8M	$8M	$8M	$8M	$7M	$8M
Operating Expenses	$37M	$37M	$30M	$34M	$32M	$31M	$33M	$37M	$48M	$36M	$36M	$34M	$36M	$36M	$41M	$36M
Operating Income	$-35M	$-35M	$-29M	$-33M	$-35M	$-30M	$-34M	$-38M	$-49M	$-37M	$-37M	$-35M	$-38M	$-37M	$-44M	$-38M
Interest Expense	$1M	$1M	·	·	$0	$0	·	·	·	·	·	·	·	·	·	·
Interest Income	$893.0K	$877.0K	$727.0K	$385.0K	$619.0K	$1M	$1M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$1M
Other Non-op	$-3.0K	$45.0K	$5M	$166.0K	$106.0K	$1.0K	$473.0K	$-5.0K	$27.0K	$-439.0K	$-4M	$39.0K	$1.0K	$28.0K	$47.0K	$135.0K
Pretax Income	$-80M	$-35M	$-25M	$108M	$-193M	$-35M	$-36M	$-37M	$-43M	$-35M	$-45M	$-33M	$-36M	$-35M	$-43M	$-37M
Income Tax	$58.0K	$32.0K	$115.0K	$66.0K	$70.0K	$57.0K	$26.0K	$22.0K	$123.0K	$0	$0	$0	$0	$0	$0	$0
Net Income	$-80M	$-35M	$-25M	$107M	$-193M	$-35M	$-36M	$-37M	$-43M	$-35M	$-45M	$-33M	$-36M	$-35M	$-43M	$-37M
EPS (Basic)	$-1.23	$-0.56	$-0.28	$1.86	$-3.49	$-0.64	$-0.66	$-0.70	$-0.82	$-0.67	$-0.92	$-0.75	$-0.82	$-0.80	$-2.91	$-0.17
EPS (Diluted)	$-1.23	$-0.56	$2.10	$-0.52	$-3.49	$-0.64	$-0.66	$-0.70	$-0.82	$-0.67	$-0.92	$-0.75	$-0.82	$-0.80	$-2.91	$-0.17
Shares (Basic)	64,672,666	62,808,102	·	57,883,326	55,161,124	54,750,088	·	53,704,039	52,995,093	52,742,725	·	44,565,164	44,104,251	43,925,565	·	217,888,470
Shares (Diluted)	64,672,666	62,808,102	·	61,087,059	55,161,124	54,750,088	·	53,704,039	52,995,093	52,742,725	·	44,565,164	44,104,251	43,925,565	·	217,888,470
EBITDA	$-35M	$-35M	·	$-33M	$-35M	$-30M	·	$-38M	$-49M	$-37M	·	$-35M	$-38M	$-37M	·	$-38M

Balance Sheet 25

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$43M	$31M	$72M	$46M	$22M	$21M	$29M	$30M	$24M	$30M	·	$41M	$35M	$32M	·	$118M
Short-term Investments	$135M	$68M	$50M	$3M	$28M	$60M	$83M	$104M	$137M	$160M	·	$193M	$227M	$257M	·	$233M
Receivables	$4M	$3M	$3M	$2M	$4M	$775.0K	$1M	$575.0K	$844.0K	$978.0K	·	$769.0K	$868.0K	$2M	·	$3M
Inventory	$6M	$6M	$6M	$5M	$4M	$4M	$2M	$2M	$3M	$2M	·	$3M	$3M	$3M	·	$2M
Prepaid Expense	$3M	$3M	$3M	$2M	$2M	$2M	$2M	$3M	$3M	$2M	·	$3M	$3M	$2M	·	$4M
Other Current Assets	$16M	$13M	$22M	$11M	$11M	$6M	$8M	$8M	$8M	$5M	·	$6M	$6M	$5M	·	$10M
Current Assets	$204M	$122M	$154M	$66M	$68M	$92M	$123M	$145M	$172M	$197M	·	$243M	$271M	$299M	·	$365M
PP&E (Net)	$12M	$13M	$13M	$12M	$13M	$12M	$10M	$11M	$12M	$13M	·	$11M	$11M	$11M	·	$9M
PP&E (Gross)	$29M	$29M	$30M	$28M	$28M	$26M	$23M	$23M	$23M	$22M	·	$19M	$18M	$17M	·	$14M
Accum. Depreciation	$17M	$16M	$17M	$16M	$15M	$14M	$13M	$12M	$11M	$10M	·	$8M	$7M	$6M	·	$4M
Intangibles	$375.0K	$600.0K	$825.0K	$1M	$1M	$2M	$2M	$2M	$2M	$2M	·	$3M	$3M	$3M	·	$4M
Other Non-current Assets	$6M	$6M	$7M	$7M	$7M	$6M	$8M	$6M	$6M	$6M	·	$1M	$867.0K	$862.0K	·	$863.0K
Total Assets	$228M	$147M	$180M	$93M	$91M	$115M	$147M	$169M	$198M	$225M	·	$266M	$292M	$320M	·	$388M
Accounts Payable	$7M	$5M	$6M	$4M	$5M	$4M	$5M	$3M	$4M	$3M	·	$3M	$6M	$4M	·	$6M
Accrued Liabilities	$9M	$12M	$12M	$10M	$6M	$5M	$6M	$5M	$3M	$3M	·	$3M	$2M	$4M	·	$4M
Current Liabilities	$26M	$30M	$36M	$21M	$106M	$32M	$39M	$34M	$33M	$17M	·	$15M	$15M	$14M	·	$16M
Capital Leases	$3M	$4M	$4M	$5M	$3.0K	$175.0K	$720.0K	$1M	$2M	$3M	·	$5M	$4M	$4M	·	$5M
Other Non-current Liabilities	·	·	·	$515.0K	$1M	·	·	·	·	·	·	·	·	·	·	·
Total Liabilities	$200M	$160M	$166M	$60M	$209M	$46M	$48M	$40M	$38M	$27M	·	$19M	$18M	$18M	·	$22M
Common Stock	$7.0K	$6.0K	$6.0K	$6.0K	$6.0K	$6.0K	$6.0K	$6.0K	$5.0K	$5.0K	·	$22.0K	$22.0K	$22.0K	·	$22.0K
Retained Earnings	$-872M	$-792M	$-757M	$-732M	$-839M	$-647M	$-612M	$-576M	$-538M	$-495M	·	$-415M	$-381M	$-345M	·	$-268M
AOCI	$-88.0K	$-30.0K	$-4.0K	$0	$-5.0K	$-7.0K	$47.0K	$116.0K	$-236.0K	$-248.0K	·	$-981.0K	$-2M	$-2M	·	$-5M
Stockholders' Equity	$28M	$-12M	$13M	$33M	$-118M	$69M	$99M	$129M	$160M	$198M	$228M	$246M	$274M	$302M	$330M	$366M
Liabilities + Equity	$228M	$147M	$180M	$93M	$91M	$115M	$147M	$169M	$198M	$225M	·	$266M	$292M	$320M	·	$388M
Shares Outstanding	68,683,000	62,985,000	61,580,000	60,008,000	55,430,000	54,949,000	54,140,000	53,832,000	53,176,000	52,816,000	·	223,167,000	220,892,000	220,050,000	·	218,153,000

Cash Flow 9

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$955.0K	$960.0K	$876.0K
Stock-based Comp	$9M	$9M	$5M	$6M	$6M	$5M	$7M	$7M	$5M	$5M	$6M	$5M	$7M	$6M	$6M	$6M
Amort. of Intangibles	$300.0K	$200.0K	$200.0K	$200.0K	$300.0K	$200.0K	$200.0K	$200.0K	$300.0K	$200.0K	$200.0K	$200.0K	$300.0K	$200.0K	$200.0K	$200.0K
Operating Cash Flow	$-31M	$-26M	$-22M	$-32M	$-30M	$-31M	$-21M	$-26M	$-29M	$-31M	$-27M	$-28M	$-27M	$-36M	$-27M	$-25M
CapEx	$185.0K	$2M	$2M	$1M	$1M	$459.0K	$2M	$542.0K	$779.0K	$2M	$3M	$1M	$1M	$1M	$1M	$2M
Investing Cash Flow	$-66M	$-20M	$-48M	$24M	$31M	$23M	$20M	$33M	$23M	$22M	$5M	$34M	$30M	$419.0K	$-24M	$60M
Financing Cash Flow	$109M	$5M	$97M	$33M	$-277.0K	$-183.0K	$-310.0K	$-122.0K	$-223.0K	$-16.0K	$21M	$-6.0K	$59.0K	$37.0K	$-58.0K	$-138.0K
Free Cash Flow	·	$-28M	·	·	·	$-31M	·	·	·	$-33M	·	·	·	$-37M	·	·
Levered FCF	·	$-29M	·	·	·	·	·	·	·	·	·	·	·	·	·	·

Profitability 8

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Gross Margin	35.7%	31.0%	·	12.0%	-49.4%	9.2%	·	-32.0%	-42.1%	-66.1%	·	-211.7%	-258.1%	-120.3%	·	-101.2%
Operating Margin	-563.2%	-561.1%	·	-926.5%	-633.7%	-903.1%	·	-1683.4%	-2431.1%	-1772.4%	·	-4382.2%	-5138.8%	-3246.2%	·	-2751.2%
Net Margin	-1297.6%	-558.6%	·	3003.5%	-3497.4%	-1035.2%	·	-1662.0%	-2156.7%	-1676.6%	·	-4103.5%	-4839.2%	-3063.9%	·	-2656.7%
Pretax Margin	-1296.7%	-558.1%	·	3005.3%	-3496.1%	-1033.5%	·	-1661.1%	-2150.6%	-1676.6%	·	-4103.5%	-4839.2%	-3063.9%	·	-2656.7%
EBITDA Margin	-563.2%	-561.1%	·	-926.5%	-633.7%	-903.1%	·	-1683.4%	-2431.1%	-1772.4%	·	-4382.2%	-5138.8%	-3246.2%	·	-2751.2%
ROA	-49.9%	-26.7%	·	82.1%	-133.3%	-20.5%	·	-17.2%	-17.7%	-13.0%	·	-10.2%	-10.2%	-9.2%	·	-8.2%
ROE	175.7%	-124.0%	·	132.3%	-922.7%	-26.1%	·	-19.9%	-20.0%	-14.1%	·	-10.9%	-10.7%	-9.7%	·	-8.6%
ROIC	-125.6%	283.4%	·	-99.8%	29.6%	-44.3%	·	-29.3%	-30.7%	-18.8%	·	-14.4%	-14.0%	-12.3%	·	-10.3%

Liquidity & Solvency 3

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	7.8	4.1	·	3.2	0.6	2.9	·	4.3	5.3	11.9	·	16.5	18.6	21.5	·	22.2
Quick Ratio	7.0	3.5	·	2.4	0.5	2.6	·	4.0	4.9	11.5	·	15.9	18.0	21.0	·	21.5
Interest Coverage	-28.9	-29.7	·	·	·	·	·	·	·	·	·	·	·	·	·	·

Efficiency 3

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0
Inventory Turnover	0.8	0.9	·	0.9	2.5	1.0	·	1.2	1.0	1.4	·	1.2	1.1	1.0	·	1.1
Receivables Turnover	1.6	3.0	·	2.8	2.3	3.8	·	3.3	2.4	1.2	·	0.4	1.2	0.9	·	0.6

Per Share 5

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$0.40	$-0.20	·	$0.55	$-2.13	$1.25	·	$2.40	$3.01	$3.75	·	$1.10	$1.24	$1.37	·	$1.68
Revenue / Share	$0.09	$0.10	·	$0.06	$0.10	$0.06	·	$0.04	$0.04	$0.04	·	$0.00	$0.00	$0.01	·	$0.01
Cash Flow / Share	·	$-0.41	·	·	·	$-0.56	·	·	·	$-0.59	·	·	·	$-0.16	·	·
Cash / Share	$0.63	$0.49	·	$0.76	$0.39	$0.39	·	$0.57	$0.44	$0.56	·	$0.18	$0.16	$0.14	·	$0.54
EPS (TTM)	$-0.21	$-2.47	·	$-5.31	$-5.49	$-2.82	·	$-3.11	$-3.16	$-3.16	·	$-5.28	$-4.70	$-4.04	·	$-0.63

Valuation (TTM) 9

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$22M	$21M	·	$15M	$14M	$10M	·	$8M	$7M	$5M	·	$3M	$3M	$4M	·	$7M
Net Income TTM	$-32M	$-146M	·	$-156M	$-301M	$-152M	·	$-161M	$-157M	$-149M	·	$-147M	$-150M	$-149M	·	$-136M
Market Cap	$1.97B	$829M	·	$870M	$2.09B	$385M	·	$177M	$134M	$208M	·	$854M	$1.38B	$1.31B	·	$2.04B
P/E	-136.8	-5.3	·	-2.7	-6.9	-2.5	·	-1.1	-0.8	-1.2	·	-0.7	-1.3	-1.5	·	-14.8
P/S	91.3	39.5	·	57.4	151.5	37.2	·	22.2	20.5	39.4	·	295.5	399.8	311.5	·	296.6
P/B	71.7	-66.8	·	26.2	-17.7	5.6	·	1.4	0.8	1.0	·	3.5	5.0	4.3	·	5.6
P / Tangible Book	72.6	·	·	27.0	·	5.7	·	1.4	0.8	1.1	·	3.5	5.1	4.4	·	5.6
P / Cash Flow	·	-32.1	·	·	·	-12.5	·	·	·	-6.7	·	·	·	-36.4	·	·
Earnings Yield	-0.73%	-18.8%	·	-36.6%	-14.5%	-40.3%	·	-94.5%	-125.4%	-80.4%	·	-138.0%	-75.2%	-67.9%	·	-6.7%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$18M	$9M	$4M	$4M	$9M
Gross Margin %	-3.6%	-41.8%	-136.5%	-101.5%	·
Operating Margin %	-705.8%	-1747.1%	-3427.4%	-3624.9%	·
Net Income	$-145M	$-152M	$-149M	$-147M	$-102M
Diluted EPS	$-2.55	$-2.85	$-3.29	$-3.39	$-0.51

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Current Ratio	4.3	3.1	12.5	15.4	·
Quick Ratio	3.5	2.9	12.0	15.0	·

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$-120M	$-112M	$-125M	$-117M	·

Institutional owners (13F) 221 filers · $1.4B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 221

Value held $1.4B

New positions 70

Exited positions 16

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
70 (+26 vs prior Q)	16 (-18 vs prior Q)	47 (-11 vs prior Q)	66 (+33 vs prior Q)	+4.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
SYLEBRA CAPITAL LLC	$466,084,042	16,228,553	32.66%	Shares
Canaan Partners XI LLC	$103,306,960	3,597,039	7.24%	Shares
BlackRock, Inc.	$68,771,188	2,394,540	4.82%	Shares
Think Investments LP	$47,371,859	1,649,438	3.32%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$44,684,184	1,555,856	3.13%	Shares
Wasserstein Management, L.P.	$43,353,960	1,509,539	3.04%	Shares
MARSHALL WACE, LLP	$41,938,925	1,460,269	2.94%	Shares
STATE STREET CORP	$33,123,925	1,153,340	2.32%	Shares
MORGAN STANLEY	$29,294,896	1,020,017	2.05%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$28,998,584	1,009,700	2.03%	Call option
VANGUARD GROUP INC	$24,498,067	1,844,734	1.72%	Shares
D. E. Shaw & Co., Inc.	$23,854,229	830,579	1.67%	Shares
Apollo Management Holdings, L.P.	$23,066,095	803,137	1.62%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$22,645,864	788,334	1.59%	Shares
Point72 Asset Management, L.P.	$18,448,723	642,365	1.29%	Shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC	$15,796,000	550,000	1.11%	Shares
GOLDMAN SACHS GROUP INC	$14,973,948	521,377	1.05%	Shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC	$14,360,000	500,000	1.01%	Call option
JANE STREET GROUP, LLC	$13,857,400	482,500	0.97%	Call option
Melqart Asset Management (UK) Ltd	$12,754,609	444,102	0.89%	Shares
UBS Group AG	$12,065,732	420,116	0.85%	Shares
HAWK RIDGE CAPITAL MANAGEMENT LP	$11,970,496	416,800	0.84%	Shares
DeepCurrents Investment Group LLC	$10,448,336	3,638	0.73%	Call option
MILLENNIUM MANAGEMENT LLC	$10,219,811	355,843	0.72%	Shares
JANE STREET GROUP, LLC	$10,209,988	355,501	0.72%	Shares
BANK OF AMERICA CORP /DE/	$10,072,534	350,715	0.71%	Shares
ADAGE CAPITAL PARTNERS GP, L.L.C.	$10,052,000	350,000	0.70%	Shares
FMR LLC	$9,801,075	341,263	0.69%	Shares
Connor, Clark & Lunn Investment Management Ltd.	$8,767,038	305,259	0.61%	Shares
Delta Global Management LP	$7,770,483	270,560	0.54%	Shares
Wasserstein Management, L.P.	$7,510,280	261,500	0.53%	Call option
Wasserstein Management, L.P.	$7,510,280	261,500	0.53%	Put option
TUDOR INVESTMENT CORP ET AL	$7,509,418	261,470	0.53%	Shares
FRANKLIN RESOURCES INC	$7,471,306	260,143	0.52%	Shares
NORTHERN TRUST CORP	$7,053,747	245,604	0.49%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$6,969,597	242,674	0.49%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$6,759,080	235,344	0.47%	Shares
KETTLE HILL CAPITAL MANAGEMENT, LLC	$6,382,388	222,228	0.45%	Shares
VANGUARD FIDUCIARY TRUST CO	$6,120,548	213,111	0.43%	Shares
LPL Financial LLC	$5,996,728	208,800	0.42%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$5,936,424	206,700	0.42%	Put option
CITADEL ADVISORS LLC	$5,138,008	178,900	0.36%	Call option
ExodusPoint Capital Management, LP	$5,130,857	178,651	0.36%	Shares
CenterBook Partners LP	$5,042,974	175,591	0.35%	Shares
Mitsubishi UFJ Asset Management Co., Ltd.	$4,877,001	169,812	0.34%	Shares
Point72 Asset Management, L.P.	$4,862,296	169,300	0.34%	Call option
TITAN GLOBAL CAPITAL MANAGEMENT USA LLC	$4,575,697	159,323	0.32%	Shares
PEAK6 LLC	$4,486,064	156,200	0.31%	Call option
Diametric Capital, LP	$4,484,857	156,158	0.31%	Shares
CITADEL ADVISORS LLC	$4,448,498	154,892	0.31%	Shares

Show all 221 institutional owners →

Activists & 5%+ owners 7 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
SYLEBRA CAPITAL LLC, Sylebra Capital Ltd, Sylebra Capital Management, Ltd, Gibson Daniel Patrick	July 6, 2026	29.30%	Amendment	Passive investment	SEC
Mina Rezk ×4 filings	March 20, 2026	6.50%	Amendment	·	SEC
Soroush Salehian Dardashti ×3 filings	Aug. 7, 2025	5.80%	Amendment	·	SEC
Canaan XI L.P., Canaan Partners XI LLC ×3 filings	July 14, 2025	6.50%	Amendment	·	SEC
Sylebra Capital Ltd, Sylebra Capital Management, Ltd, SYLEBRA CAPITAL LLC, Gibson Daniel Patrick	April 3, 2025	29.60%	Amendment	·	SEC
Sylebra Capital Limited, Sylebra Capital Management, Sylebra Capital LLC, Daniel Patrick Gibson ×3 filings	Nov. 13, 2023	·	Initial filing	Board campaign	SEC
Lux Venture Partners IV, LLC, Lux Ventures IV, L.P., Lux Co-Invest Partners, LLC, Lux Co-Invest Opportunities, L.P., Peter Hebert, Josh Wolfe ×3 filings	Aug. 15, 2022	·	Initial filing	·	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 10 insiders · 1 officers · 6 directors

19

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
Saurabh Sinha	Chief Financial Officer	Sept. 2, 2026 S	547,226	14	$-5,703,033
SYLEBRA CAPITAL LLC	Director	June 30, 2026 J	16,240,671	0	$0
Stephen Paul Zadesky	Director	June 22, 2026 S	92,898	3	$-75,817
Hrach Simonian	Director	June 18, 2026 A	117,441	0	$0
Christopher G Eberle Jr	Director	June 21, 2024 A	87,394	0	$0
Erin L Polek	Director	June 21, 2024 A	104,836	0	$0
Shahin Farshchi	Director	Nov. 18, 2023 M	106,616	0	$0
Katherine Motlagh	·	Aug. 12, 2026 S	9,618	1	$-63,750
Soroush Salehian Dardashti	·	Aug. 11, 2026 S	1,220,808	25	$-27,703,993
Mina Rezk	·	Aug. 10, 2026 S	1,606,669	15	$-22,056,989

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 19 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
IWC · iShares Trust	0.10%	95,140 SH	Sept. 11, 2026	Daily
ESSC · Strategy Shares	0.07%	1,510 NS	July 31, 2026	N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS	0.05%	30,022 SH	Aug. 19, 2026	Daily
IWO · iShares Trust	0.03%	264,842 SH	Sept. 11, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.02%	161,066 SH	Aug. 19, 2026	Daily
RSSL · Global X Funds	0.02%	13,364 NS	July 31, 2026	N-PORT
IWM · iShares Trust	0.01%	725,547 SH	Sept. 11, 2026	Daily
ISCG · iShares Trust	0.01%	7,166 SH	Sept. 11, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.01%	335,393 SH	Aug. 19, 2026	Daily
FTEC · FIDELITY COVINGTON TRUST	0.01%	60,034 NS	July 31, 2026	N-PORT
WSML · iShares Trust	0.00%	1,387 SH	Sept. 11, 2026	Daily
IGM · iShares Trust	0.00%	13,631 SH	Sept. 11, 2026	Daily
ITOT · iShares Trust	0.00%	43,154 SH	Sept. 11, 2026	Daily
IWV · iShares Trust	0.00%	8,319 SH	Sept. 10, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.00%	1,181,516 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	2,330 SH	Aug. 19, 2026	Daily
VGT · VANGUARD WORLD FUND	0.00%	41,926 SH	Aug. 19, 2026	Daily
ISCB · iShares Trust	·	1,016 SH	Sept. 11, 2026	Daily
SMLF · iShares Trust	·	17,795 SH	Sept. 11, 2026	Daily

AEVA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 11 analysts BUY

Median target $27.00 +82.9%

3 27.3% Strong Buy

5 45.5% Buy

3 27.3% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

5 analysts · 2026-10-03

Mean target $30.00 +103.3%

← Below all targets Current price $14.76

Low$20.00 Mean$30.00 High$42.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
AEVA	$818M	-5.2	99.4%	-804.4%	277.1%	-3.6%
CXT	$2.70B	18.8	11.4%	8.8%	12.5%	·
LASR	$1.92B	-79.8	31.6%	-9.0%	-10.6%	29.8%
ARLO	$1.47B	99.9	3.6%	2.8%	12.1%	44.0%
NSSC	$1.36B	31.6	11.4%	21.3%	22.9%	59.2%
FEIM	$495M	-557.3	-9.4%	-1.4%	-1.6%	29.1%
VPG	·	96.2	0.22%	1.7%	1.6%	38.9%
DAKT	$1.06B	21.4	10.9%	5.4%	15.2%	27.3%
EVLV	·	·	·	·	·	·
LPTH	·	-43.0	92.8%	-28.6%	-18.1%	36.0%

Latest News Recent headlines mentioning this company

23

Aeva Technologies vs. Cognex: Which Computer Vision Stock Is a Better Buy in 2026? Nasdaq · 3 months, 3 weeks ago Why Aeva Technologies (AEVA) Is Building Momentum Across Automotive and Physical AI Yahoo Finance · 4 months, 3 weeks ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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AEVA Aeva Technologies, Inc. - Common Stock