AUR earnings analysis
What we found in AUR'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
Aurora Innovation reported a Q1 2026 revenue of $1 million, exceeding estimates and indicating the successful commercial launch of Aurora Driver for Freight. Despite missing on EPS at -$0.11 compared to -$0.12 expected, the company provides optimistic full-year revenue guidance of $14 to $16 million, suggesting significant growth. Overall losses and rising operational expenses present ongoing challenges that the management acknowledges in their outlook.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beat Expectations
- Actual revenue was $1 million, surpassing the estimate of $959,440.
- Improved EPS Performance
- Reported EPS was -$0.11, beating the consensus estimate of -$0.12.
- Significant Revenue Growth
- Revenue increased 10% sequentially from $1 million in previous quarters.
- Cash Position Strengthened
- Cash and cash equivalents rose to $273 million, reflecting strong liquidity.
- Massive Year-over-Year Growth Expected
- Management expects 2026 revenue to reach $14-$16 million, a potential 400% increase.
- High Gross Margin Potential Anticipated
- The transition to a Driver as a Service model is expected to enable high margin revenue streams.
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.
- Continued Operating Losses
- Net loss increased to $223 million in Q1 2026, up from $208 million in Q1 2025.
- Rampant Cash Usage
- Operating cash flows dropped to -$159 million, $17 million worse than Q1 2025.
- Market Capital Volatility Risks
- Economic conditions affecting capital market access could hinder future financing.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.11
What they said about what is next.
Full-year revenue guidance of $14M to $16M indicates significant growth expectations.
The filing reads better than the one before it.
What came before.
- 10-K · February 11, 2026
- Aurora launched driverless commercial trucking operations in April 2025 and emphasizes a truck-first commercialization path with a Driver-as-a-Service roadmap that leverages strategic partners (PACCAR/Volvo, Toyota,…
- 10-K · February 14, 2025
- Aurora’s 2024 10-K emphasizes a strategy of commercializing a common Aurora Driver platform starting with driverless trucking (Aurora Driver for Freight) and then expanding into passenger mobility and local goods…
- 10-Q · October 31, 2024
- Aurora reported a three‑month net loss of $208.0M (EPS $(0.13)) for the quarter ended September 30, 2024, roughly in line on EPS with the year‑ago quarter ($(0.13)) but with a larger net loss vs $190.0M in Q3 2023.…
- 10-Q · May 9, 2024
- Aurora reported a narrower net loss of $165.0M for the three months ended March 31, 2024 (vs. $196.0M a year ago) and diluted loss per share of $(0.11) (vs. $(0.17) prior year). Operating cash use remained large at…
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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