Aeva Technologies
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Aeva Technologies (AEVA) investor relations material

Aeva Technologies Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary26 Feb, 2026

Executive summary

  • Achieved a transformational year with record revenue, doubling sales in 2025 and expanding into automotive, industrial automation, robotics, and defense markets.

  • Secured exclusive global production program awards with a top European passenger OEM, with SOP in 2028 and exclusivity outside China through the mid-2030s.

  • Selected by NVIDIA as the reference LiDAR sensor for the DRIVE Hyperion platform, enhancing industry validation and future OEM opportunities.

  • Formed a strategic partnership with LG Innotek, including up to $50 million investment and joint product development for physical AI and robotics applications.

  • Achieved first major defense sector win with Forterra, with shipments already contributing to product sales.

Financial highlights

  • Full year 2025 revenue reached $18.1 million, doubling from 2024, with Q4 revenue at $5.6 million.

  • Non-GAAP operating loss for 2025 was $102 million, improved by 17% year-over-year, with Q4 non-GAAP operating loss at $23.8 million.

  • Gross cash use for 2025 was $119.7 million; capital expenditures totaled $4.6 million.

  • Total available liquidity at year-end was $246.9 million, including $121.9 million in cash and a fully undrawn $125 million facility.

  • Gross profit for full year 2025 was $660,000, compared to a loss of $3.8 million in 2024.

Outlook and guidance

  • 2026 revenue guidance is $30–36 million, representing 70–100% year-over-year growth.

  • Targeting at least four new commercial wins in 2026, split between automotive and non-automotive sectors.

  • Non-GAAP operating expenses expected to remain flat or increase up to 10% in 2026.

  • Plans to achieve a 5X increase in industrial sensor shipments and release the Omni sensor.

  • Focus on scaling manufacturing, increasing supply chain capacity, and maintaining financial discipline.

What's the primary driver for 2026 revenue growth?
Compare the two major OEM engagements.
How will Aeva fund future operating losses?
What drives OEM shift from ToF to FMCW?
NVIDIA reference: impact on Aeva's sales pipeline
Aeva's unique value in defense applications
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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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