AEVA earnings analysis
What we found in AEVA's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Aeva reported a strong performance for the first quarter of 2026, with revenue of $6.26 million representing a significant year-on-year increase of 85%. Although the company reported a net loss of $34.98 million and an EPS of -0.41, it exceeded revenue and EPS estimates positively. Operating expenses rose notably, attributed mainly to higher research and development and general administrative costs. Management anticipates continued volatility in revenue as commercialization phases progress over time.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Rose 85% YoY
- Total revenue for Q1 2026 was $6.26 million, up from $3.37 million in Q1 2025.
- EPS Beat Estimates
- Reported EPS was -$0.41, bettering consensus estimates by $0.04.
- Professional Services Revenue Surge
- Revenue from professional services increased 332% to $3.83 million compared to $0.9 million in Q1 2025.
- Cash Position Remains Strong
- Cash and cash equivalents totaled $99.5 million as of March 31, 2026.
- Improved Revenue Guidance
- Management expects continued growth as customer projects enter commercialization phases.
- Operating Cash Flow Decreased Significantly
- Net cash used in operating activities was $25.85 million, down from $30.79 million in the prior year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Operating Loss
- Net loss for Q1 2026 was $34.98 million, compared to $34.87 million in Q1 2025.
- Rising Operating Expenses
- Total operating expenses increased 20.7% to $37.08 million from $30.73 million, driven by R&D and G&A expenditures.
- Supply Chain Risks
- The company is vulnerable to supply chain disruptions affecting LiDAR technology production.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.41
- Segment
- Product Revenue: $2.43M
- Segment
- Professional Services Revenue: $3.83M
What they said about what is next.
Management anticipates revenue fluctuations as commercialization phases for products are entered by customers.
The filing reads better than the one before it.
What came before.
- 10-K · March 20, 2026
- Aeva presents a technology-led strategy centered on its proprietary FMCW 4D LiDAR-on-chip (measuring range and instant velocity) and is positioning across automotive, industrial automation and smart infrastructure…
- 10-Q · May 15, 2025
- Aeva Technologies reported strong revenue growth in Q1 2025, achieving $3.37 million, a 59.7% increase from $2.11 million in Q1 2024, and surpassing analyst expectations. Despite a narrower loss of $34.87 million versus…
- 10-Q · August 8, 2024
- Aeva reported Q2 2024 revenue of $2,012,000 (up from $743,000 in Q2 2023) with an improving gross loss of $848,000 versus $1,918,000 a year ago, but still posted a large operating loss of $48,913,000 and a net loss of…
- 10-Q · August 10, 2023
- Aeva reported Q2 revenue of $743,000, down 50% year-over-year from $1,493,000, and GAAP net loss per share of $(0.16), roughly flat with the prior year quarter. The company burned cash from operations (net cash used in…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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