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,…
Earnings analysis · 10-Q
AUR earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
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,…
Read full summary
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.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.11
What stood out
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Revenue Beat Expectations
Actual revenue was $1 million, surpassing the estimate of $959,440.
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Improved EPS Performance
Reported EPS was -$0.11, beating the consensus estimate of -$0.12.
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Significant Revenue Growth
Revenue increased 10% sequentially from $1 million in previous quarters.
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Cash Position Strengthened
Cash and cash equivalents rose to $273 million, reflecting strong liquidity.
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Massive Year-over-Year Growth Expected
Management expects 2026 revenue to reach $14-$16 million, a potential 400% increase.
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High Gross Margin Potential Anticipated
The transition to a Driver as a Service model is expected to enable high margin revenue streams.
What to watch
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Continued Operating Losses
Net loss increased to $223 million in Q1 2026, up from $208 million in Q1 2025.
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Rampant Cash Usage
Operating cash flows dropped to -$159 million, $17 million worse than Q1 2025.
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Market Capital Volatility Risks
Economic conditions affecting capital market access could hinder future financing.
Management's outlook
Full-year revenue guidance of $14M to $16M indicates significant growth expectations.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.