Aeva Technologies, Inc. (AEVA) AI Stock Analysis

Aeva Technologies, Inc., headquartered in Mountain View, California, pioneers frequency modulated continuous wave (FMCW) sensing technology. This innovation drives the development of its signature 4D LiDAR-on-chip, aiming to integrate LiDAR technology across automated driving, consumer electronics, consumer health devices, industrial automation, and security applications. Founded in 2017, the company specializes in delivering compact LiDAR systems that enable real-time 4D imaging with spatial awareness and object detection. Beyond automotive solutions, Aeva collaborates with industry partners to implement LiDAR sensing across healthcare devices, consumer electronics, and industrial automation platforms.

Aeva increased annual revenue from $9.3M in FY2021 to $18.1M in FY2025, reflecting a 5-year revenue CAGR of 30.1% from FY2020 to FY2025. Following a revenue drop of 54.8% in FY2022 to $4.2M, top-line growth rebounded with increases of 110.2% in FY2024 to $9.1M and 99.4% in FY2025. Gross margin improved from -136.5% in FY2023 to -3.7% in FY2025, though operating margin remained negative at -705.8%. FY2025 net income stood at -$145.4M, with diluted EPS of -$1.94. In the trailing twelve months ended June 30, 2026, revenue reached $21.6M, with quarterly revenue rising 11.3% year-over-year and profit margin at -150.1%.

As of June 30, 2026, Aeva held $177.9M in cash and short-term investments and $102.4M in total debt, leaving net cash of $75.5M. Total assets were $227.8M against shareholders' equity of $27.5M, yielding a current ratio of 7.85 and a debt-to-equity ratio of 3.72. The company continues to record negative operating cash flow, which was -$115.1M in FY2025 alongside capital expenditures of $4.6M, resulting in free cash flow of -$119.7M. Research and development expense totaled $85.4M in FY2025, while the 5-year share count increased 50.9%.

Aeva trades at a price-to-sales multiple of 32.4x and an enterprise value-to-revenue multiple of 45.6x, compared to a median price-to-sales of 2.8x for the 805 peers in the US-listed Technology group. Price-to-book sits at 38.5x with an enterprise value of $985.4M and a market capitalization of $699.1M. The stock closed at $10.03 on October 16, 2026, representing a 1-year return of -41.4% and a 5-year return of -73.8%, compared to returns of 16.8% and 83.0% for the S&P 500 (SPY) over those respective periods. Shares trade 41.9% below their 200-day moving average.

Wall Street coverage includes 3 Strong Buy ratings and 2 Hold ratings. The mean price target of $29.00 indicates a 189.1% premium over the last closing price of $10.03. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $32.4M and an EPS of -$1.53. For the following fiscal year, 5 analysts project revenue of $72.7M, representing 124.8% growth, alongside an EPS estimate of -$1.61. Aeva beat EPS estimates in each of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of Aeva Technologies, Inc. (AEVA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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