AEVA - Aeva Technologies, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$8.74
DETAILS
HIGH:
$20.00
LOW:
$4.50
MEDIAN:
$5.22
CONSENSUS:
$8.74
DOWNSIDE:
65.48%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 18.1 | 9.1 | 4.3 | 4.2 | 9.3 | 4.8 | 1.4 | 0.1 |
| Cost of Revenue | 18.7 | 12.9 | 10.2 | 8.4 | 5.8 | 2.7 | 0.8 | 0.1 |
| Gross Profit | (0.7) | (3.8) | (5.9) | (4.3) | 3.4 | 2.1 | 0.6 | 0.1 |
| Operating Expenses | ||||||||
| R&D Expenses | 85.4 | 102.7 | 102.5 | 109.6 | 74.8 | 20.5 | 15.4 | 8.4 |
| SG&A Expenses | 41.5 | 40.4 | 39.4 | 38.1 | 32.9 | 7.3 | 5.3 | 3.1 |
| Other Expenses | 0 | 11.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 126.9 | 154.6 | 141.9 | 147.7 | 107.6 | 27.8 | 20.7 | 11.5 |
| Operating Income | ||||||||
| Operating Income | (127.6) | (158.4) | (147.8) | (152.0) | (104.2) | (25.7) | (20.1) | (11.4) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 2.7 | 7.7 | 8.9 | 3.7 | 0.4 | 0.2 | 0.5 | 0.2 |
| Profitability | ||||||||
| EBITDA | (136.6) | (137.9) | (140.1) | (145.8) | (101.1) | (24.9) | (19.5) | (10.9) |
| EBIT | (145.1) | (146.9) | (147.8) | (152.0) | (104.2) | (25.7) | (20.1) | (11.4) |
| Income Before Tax | (145.1) | (152.1) | (149.3) | (147.3) | (101.9) | (25.6) | (19.6) | (11.2) |
| Income Tax Expense | 0.3 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (145.4) | (152.3) | (149.3) | (147.3) | (101.5) | (25.6) | (19.6) | (11.2) |
| Per Share Data | ||||||||
| EPS (Basic) | -2.55 | -2.85 | -3.29 | -3.39 | -2.53 | -0.60 | -0.45 | -0.26 |
| EPS (Diluted) | -2.55 | -2.85 | -3.29 | -3.39 | -2.54 | -0.60 | -0.45 | -0.26 |
| Shares Outstanding | 57.0 | 53.4 | 45.4 | 43.5 | 40.2 | 42.3 | 42.3 | 42.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 72.3 | 28.9 | 38.5 | 67.4 | 66.8 | 24.6 | 46.6 | 27.5 |
| Short-Term Investments | 49.6 | 83.1 | 182.5 | 256.4 | 378.2 | 0 | 0 | 0 |
| Net Receivables | 3.4 | 1.3 | 0.8 | 3.1 | 6.4 | 0.8 | 0.6 | 0 |
| Inventory | 5.8 | 2.3 | 2.4 | 3.0 | 2.1 | 1.2 | 0.4 | 1.0 |
| Other Current Assets | 22.5 | 4.4 | 1.7 | 2.9 | 1.1 | 3.0 | (48.4) | 0.3 |
| Total Current Assets | 153.5 | 123.3 | 229.2 | 335.1 | 458.5 | 31.0 | 0.0 | 29.3 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 18.3 | 14.2 | 19.4 | 17.1 | 15.4 | 1.6 | 1.6 | 1.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0.8 | 1.7 | 0 | 3.5 | 4.4 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 5 | 5 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 7.0 | 3.3 | 1.1 | 0.9 | 0.9 | 0.1 | (1.5) | 0.1 |
| Total Non-Current Assets | 26.2 | 24.2 | 28.2 | 21.5 | 20.7 | 1.7 | 0.1 | 1.9 |
| Total Assets | 179.7 | 147.5 | 257.4 | 356.6 | 479.2 | 32.6 | 0.1 | 31.2 |
| Current Liabilities | ||||||||
| Account Payables | 5.9 | 5.5 | 3.6 | 5.2 | 4.4 | 2.1 | 0.7 | 0.6 |
| Short-Term Debt | 1.5 | 3.0 | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Deferred Revenue | 0 | 4.0 | 2.1 | 0 | 0 | 0.1 | (0.7) | 0 |
| Other Current Liabilities | 28.5 | 21.0 | 6.5 | 0.2 | 2.4 | 0.8 | 0 | 0.0 |
| Total Current Liabilities | 35.9 | 39.2 | 18.4 | 21.8 | 14.3 | 5.7 | 0.1 | 1.1 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 100.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 29.7 | 8.3 | 6.8 | 0.1 | 1.1 | 0.0 | 0 | 0 |
| Total Non-Current Liabilities | 130.6 | 9.0 | 10.5 | 4.9 | 8.5 | 0.0 | 0 | 0 |
| Total Liabilities | 166.5 | 48.1 | 28.9 | 26.7 | 22.8 | 5.7 | 0.1 | 1.1 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (757.3) | (611.9) | (459.6) | (310.3) | (163.0) | (61.1) | (0.0) | (15.9) |
| Accumulated Other Comprehensive Income | (0.0) | 0.0 | (0.1) | (3.6) | (0.5) | 0 | (79.2) | 0 |
| Total Stockholders' Equity | 13.2 | 99.4 | 228.4 | 329.9 | 456.4 | 26.9 | 0.0 | 30.1 |
| Total Liabilities & Equity | 179.7 | 147.5 | 257.4 | 356.6 | 479.2 | 32.6 | 0.1 | 31.1 |
| Debt Metrics | ||||||||
| Total Debt | 102.4 | 3.8 | 7.4 | 7.5 | 10.3 | 0 | 0.1 | 0 |
| Net Debt | 30.1 | (25.1) | (31.2) | (60.0) | (56.5) | (24.6) | (46.6) | (27.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (145.4) | (152.3) | (149.3) | (147.3) | (101.9) | (25.6) | (19.6) | (11.2) |
| Depreciation & Amortization | 8.5 | 8.9 | 7.7 | 6.1 | 3.0 | 0.8 | 0.6 | 0.5 |
| Stock-Based Compensation | 21.8 | 23.7 | 23.7 | 24.2 | 22.2 | 3.8 | 2.2 | 0.8 |
| Change in Working Capital | (22.3) | 13.0 | (4.8) | 5.9 | (5.1) | (0.3) | 0.4 | (1.5) |
| Other Non-Cash Items | 22.3 | (0.3) | 3.9 | 1.1 | (0.4) | (1.8) | 0 | 0.3 |
| Operating Cash Flow | (115.1) | (106.9) | (118.8) | (109.9) | (82.1) | (21.2) | (16.4) | (11.2) |
| Investing Activities | ||||||||
| Capital Expenditure | (4.6) | (5.1) | (6.1) | (7.4) | (8.3) | (0.9) | (0.4) | (1.6) |
| Acquisitions | 0 | 0 | (5) | (118.3) | 4.5 | 0 | 0 | 0 |
| Purchases of Investments | (75.0) | (80.0) | (157.4) | (210.2) | (571.9) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 109.5 | 183.0 | 232.7 | 328.5 | 191.7 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 5 | 118.3 | (4.5) | 0 | 0 | 0 |
| Investing Cash Flow | 29.9 | 97.9 | 69.3 | 110.9 | (388.6) | (0.9) | (0.4) | (1.6) |
| Financing Activities | ||||||||
| Net Debt Issuance | 94.1 | 0 | 0 | 0 | 0 | (0.1) | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 2.2 | (0.8) | (0.8) | (0.7) | 512.0 | (242.7) | (0.0) | 12.9 |
| Financing Cash Flow | 128.6 | (0.7) | 20.7 | (0.4) | 512.9 | 0.1 | 36.0 | 12.9 |
| Cash Position | ||||||||
| Net Change in Cash | 43.4 | (9.7) | (28.9) | 0.6 | 42.2 | (22.0) | 19.2 | 0.2 |
| Cash at Beginning | 28.9 | 38.5 | 67.4 | 66.8 | 24.6 | 46.6 | 27.5 | 27.2 |
| Cash at End | 72.3 | 28.9 | 38.5 | 67.4 | 66.8 | 24.6 | 46.6 | 27.5 |
| Free Cash Flow | (119.7) | (112.0) | (124.9) | (117.3) | (90.5) | (22.1) | (16.8) | (12.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 18.1 | 9.1 | 4.3 | 4.2 | 9.3 | 4.8 | 1.4 | 0.1 |
| Gross Profit | (0.7) | (3.8) | (5.9) | (4.3) | 3.4 | 2.1 | 0.6 | 0.1 |
| Operating Income | (127.6) | (158.4) | (147.8) | (152.0) | (104.2) | (25.7) | (20.1) | (11.4) |
| Net Income | (145.4) | (152.3) | (149.3) | (147.3) | (101.5) | (25.6) | (19.6) | (11.2) |
| EPS (Diluted) | -2.55 | -2.85 | -3.29 | -3.39 | -2.54 | -0.60 | -0.45 | -0.26 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 72.3 | 28.9 | 38.5 | 67.4 | 66.8 | 24.6 | 46.6 | 27.5 |
| Total Assets | 179.7 | 147.5 | 257.4 | 356.6 | 479.2 | 32.6 | 0.1 | 31.2 |
| Total Debt | 102.4 | 3.8 | 7.4 | 7.5 | 10.3 | 0 | 0.1 | 0 |
| Stockholders' Equity | 13.2 | 99.4 | 228.4 | 329.9 | 456.4 | 26.9 | 0.0 | 30.1 |
| Cash Flow | ||||||||
| Operating Cash Flow | (115.1) | (106.9) | (118.8) | (109.9) | (82.1) | (21.2) | (16.4) | (11.2) |
| Capital Expenditure | (4.6) | (5.1) | (6.1) | (7.4) | (8.3) | (0.9) | (0.4) | (1.6) |
| Free Cash Flow | (119.7) | (112.0) | (124.9) | (117.3) | (90.5) | (22.1) | (16.8) | (12.7) |