Aurora Innovation (AUR) investor relations material

Executive summary

• More than 20 driverless trucks were built and entering the fleet; production ramp was roughly six weeks behind plan.

• Ten driverless customers were operating; two Driver as a Service MOUs represent 1,000 trucks, and the initial 200 trucks were fully contracted.

• Charger Logistics signed a non-binding MOU to own and operate 500 driverless trucks, with deliveries planned for 2027–2028.

• Driverless freight operations, manufacturing scale-up and OEM factory integration were described as a commercial inflection point.

Financial highlights

• Q3 2026 revenue was $3M, up 200% YoY from $1M; full-year revenue is expected at ~$9M.

• Q3 operating loss was $257M versus $222M; net loss was $234M versus $201M.

• Q3 cost of revenue was $8M, R&D was $203M and SG&A was $49M; stock-based compensation was $54M.

• 9M revenue was $6M; operating loss was $767M and net loss was $727M.

Outlook and guidance

• Production is targeted to reach 20 trucks per week in early December; the 200-truck driverless fleet milestone is expected by end-February.

• Q4 cash use is expected at ~$250M, mainly for fleet kits, components and production capacity; full-year cash spend remains within the prior target range.

• Plans target more than 1,000 driverless trucks in operation by end-2027 and more than 300 Volvo Autonomous Solutions trucks deployed in 2027; Volvo launch is planned for Q1 2027.

• Long-term manufacturing ambition is 30,000+ trucks on the road by end-2030; Roush is working toward annualized capacity above 1,000 trucks.

• Significant revenue is not expected until commercial scale; liquidity is expected to cover working capital and capital expenditures for at least 12 months.