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Aeva Technologies (AEVA) investor relations material

Aeva Technologies Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary5 Nov, 2025

Executive summary

  • Completed joint development with a top 10 global passenger OEM and entered late-stage contract negotiations for a series production award, targeting multiple geographies excluding China.

  • Progressed Daimler Truck production program with initial vehicle builds completed and Atlas C sample deliveries planned for 2026, supporting a 2027 market entry.

  • Expanded precision sensing product line with Eve 1D and 1V sensors, targeting the manufacturing automation market, and received initial customer orders.

  • Announced $100 million investment from Apollo Global Management via convertible notes, strengthening liquidity and supporting scaling and FMCW adoption.

  • Released AevaScenes, the industry's first FMCW 4D LiDAR open dataset, to advance autonomous vehicle perception research.

Financial highlights

  • Q3 2025 revenue was $3.6 million, up 57%-59% year-over-year, driven by sensor shipments and NRE for Daimler Truck.

  • Non-GAAP operating loss declined to $27.2 million, reflecting targeted expense reductions.

  • Gross cash use was $33.6 million, higher than prior quarter due to payment timing and working capital.

  • Cash, cash equivalents, and marketable securities totaled $48.9 million as of September 30, 2025, with an available equity facility of $125 million.

  • Pro forma liquidity, including Apollo investment, stands at approximately $270 million.

Outlook and guidance

  • Positioned to finish the year strong, with expectations to close the top 10 global passenger OEM production program decision.

  • Confident in momentum to continue into 2026 and beyond, leveraging differentiated technology and strong balance sheet.

  • Daimler Truck program remains on track for 2027 market entry, with scaling planned for 2026 and Atlas C sample deliveries in 2026.

  • Targeting production of Eve 1V for manufacturing automation in 2026 and building out manufacturing capacity ahead of expected volume increases.

Top-10 OEM production award timing?
Apollo notes: What is potential dilution?
Reason for warrant liability fair value gain?
Top 10 OEM win: What market shift does it signal?
How will Eve 1D/1V expand beyond current products?
How does Apollo investment enable new program wins?
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Frequently asked questions

Aeva Technologies, Inc., develops semiconductor devices for autonomous vehicle and robotics industries. The company is developing a proprietary frequency modulated continuous wave (FMCW) sensing technology that combines multiple wavelengths to create high resolution, four dimensional LiDAR-on-chip. Its sensor utilizes a single beam of light to simultaneously detect range and velocity.

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