Aurora Innovation, Inc. (AUR) Balance Sheet

NASDAQ: AURAssets, liabilities, debt and equity over 7 years.

AUR balance sheet, 2025

December 31, 2025 · U.S. dollars

$2.34B assets = $203.0M liabilities + $2.14B equity

Both columns are drawn to the same scale: what AUR owns equals what it owes plus shareholders’ equity. Hover a block for its value.

AUR financial health

Debt / equity0.07

Low leverage · $0.07 of debt for each $1 of equity

Equity / assets91.3%

Equity-funded · of assets funded by shareholders

Cash / debt812.7%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles26.3%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

AUR balance sheet trends, 2019–2025

Aurora Innovation, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$711.6M2019	$2.34B2025	+22.0%/yr
Total liabilities	$30.0M2019	$203.0M2025	+37.6%/yr
Shareholders’ equity	$681.6M2019	$2.14B2025	+21.0%/yr
Cash & short-term investments	$596.4M2019	$1.28B2025	+13.5%/yr
Total debt	$17.7M2019	$157.0M2025	+43.9%/yr
Net cash (debt)	$578.7M2019	$1.12B2025	+$540.3M
Working capital	$591.2M2019	$1.21B2025	+$614.8M
Book value per share	$0.432020	$1.162025	+21.9%/yr
Debt / equity	0.032019	0.072025	+0.05
Shares outstanding	1.12B2020	1.84B2025	+10.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

AUR assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

AUR liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

AUR debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

AUR balance sheet

Aurora Innovation, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019
Assets
Cash & short-term investments	$1.28B	$1.22B	$1.20B	$1.10B	$1.61B	$387.3M	$596.4M
Cash & equivalents	$222.0M	$211.0M	$501.0M	$262.0M	$1.61B	$387.3M	$246.5M
Short-term investments	$1.05B	$1.01B	$699.0M	$839.0M	$0	—	$350.0M
Receivables	$0	$0	$0	$43.3M	$43.3M	$0	$0
Inventory	$0	$0	$0	$0	−$43.3M	$0	$0
Other current assets	$41.0M	$31.0M	$17.0M	$0	$67.0M	$19.1M	$8.0M
Total current assets	$1.32B	$1.25B	$1.22B	$1.12B	$1.68B	$406.4M	$604.4M
Property, plant & equipment (net)	$188.0M	$224.0M	$216.0M	$229.0M	$245.0M	$101.8M	$22.7M
Goodwill & intangible assets	$617.0M	$617.0M	$617.0M	$1.73B	$1.73B	$82.7M	$82.9M
Long-term investments	$183.0M	$0	$148.0M	$0	$16.1M	$0	$0
Other non-current assets	$38.0M	$43.0M	$37.0M	$0	$20.9M	$27.9M	$1.6M
Total assets	$2.34B	$2.14B	$2.23B	$2.00B	$3.69B	$618.9M	$711.6M
Liabilities
Accounts payable	—	—	—	$7.9M	$7.9M	$6.5M	$3.0M
Short-term debt	$11.0M	$16.0M	$15.0M	$13.0M	$12.0M	$6.7M	$4.8M
Deferred revenue	—	—	—	—	$68.0M	$17.4M	—
Total current liabilities	$111.0M	$105.0M	$111.0M	$83.0M	$91.0M	$32.0M	$13.2M
Long-term debt	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$84.0M	$121.0M	$122.0M	$136.0M	$146.8M	$103.8M	—
Other long-term liabilities	$92.0M	$158.0M	$139.0M	$134.0M	$257.0M	$100.2M	$16.8M
Total liabilities	$203.0M	$263.0M	$250.0M	$217.0M	$348.0M	$132.2M	$30.0M
Shareholders' equity
Common stock & paid-in capital	—	—	—	$11,000	$11,000	$0	$12,000
Retained earnings (deficit)	−$5.17B	−$4.36B	−$3.61B	−$2.81B	−$1.09B	−$335.8M	−$121.3M
Accumulated other comprehensive income	$2.0M	$1.0M	$1.0M	−$2.0M	−$3.69B	$0	$125,000
Total shareholders' equity	$2.14B	$1.88B	$1.99B	$1.78B	$3.34B	$486.7M	$681.6M
Key figures
Total debt	$157.0M	$121.0M	$122.0M	$136.0M	$147.0M	$103.8M	$17.7M
Net cash (debt)	$1.12B	$1.10B	$1.08B	$965.0M	$1.46B	$283.5M	$578.7M
Working capital	$1.21B	$1.15B	$1.11B	$1.03B	$1.59B	$374.5M	$591.2M
Tangible book value	$1.52B	$1.26B	$1.37B	$52.2M	$1.61B	$404.0M	$598.7M
Book value per share	$1.16	$1.16	$1.50	$1.56	$2.98	$0.43	—
Shares outstanding	1.84B	1.62B	1.33B	1.14B	1.12B	1.12B	—
Current ratio	11.86	11.94	10.96	13.47	18.43	12.72	45.82
Quick ratio	11.50	11.65	10.81	13.79	18.17	12.12	45.22
Debt / equity	0.07	0.06	0.06	0.08	0.04	0.21	0.03
Equity / assets	91.3%	87.7%	88.8%	89.2%	90.6%	78.6%	95.8%

Aurora Innovation, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$1.22B	$1.23B	$1.28B	$1.25B	$1.31B	$1.16B	$1.22B	$1.25B	$1.02B	$1.12B	$1.20B	$1.47B
Cash & equivalents	$136.0M	$275.0M	$221.0M	$87.0M	$206.0M	$170.0M	$211.0M	$263.0M	$402.0M	$454.0M	$501.0M	$953.0M
Short-term investments	$1.08B	$952.0M	$1.05B	$1.16B	$1.10B	$989.0M	$1.01B	$985.0M	$618.0M	$662.0M	$699.0M	$518.0M
Receivables	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$35.0M	$45.0M	$41.0M	$37.0M	$31.0M	$34.0M	$31.0M	$27.0M	$23.0M	$26.0M	$17.0M	$11.0M
Total current assets	$1.25B	$1.27B	$1.32B	$1.28B	$1.34B	$1.19B	$1.25B	$1.27B	$1.04B	$1.14B	$1.22B	$1.48B
Property, plant & equipment (net)	$248.0M	$195.0M	$188.0M	$212.0M	$215.0M	$219.0M	$224.0M	$226.0M	$213.0M	$213.0M	$216.0M	$216.0M
Goodwill & intangible assets	$617.0M	$617.0M	$617.0M	$617.0M	$617.0M	$617.0M	$617.0M	$617.0M	$617.0M	$617.0M	$617.0M	$617.0M
Long-term investments	$0	$52.0M	$183.0M	$357.0M	$0	$0	$0	$104.0M	$0	$81.0M	$148.0M	$0
Other non-current assets	$50.0M	$49.0M	$38.0M	$40.0M	$42.0M	$42.0M	$43.0M	$43.0M	$41.0M	$36.0M	$37.0M	$39.0M
Total assets	$2.17B	$2.19B	$2.34B	$2.51B	$2.21B	$2.07B	$2.14B	$2.27B	$1.91B	$2.09B	$2.23B	$2.35B
Liabilities
Short-term debt	$12.0M	$12.0M	$11.0M	$12.0M	$13.0M	$16.0M	$16.0M	$15.0M	$15.0M	$15.0M	$15.0M	$14.0M
Total current liabilities	$110.0M	$134.0M	$111.0M	$84.0M	$79.0M	$125.0M	$105.0M	$93.0M	$81.0M	$110.0M	$111.0M	$91.0M
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$82.0M	$79.0M	$84.0M	$107.0M	$111.0M	$115.0M	$121.0M	$124.0M	$113.0M	$118.0M	$122.0M	$125.0M
Other long-term liabilities	$104.0M	$87.0M	$92.0M	$135.0M	$144.0M	$161.0M	$158.0M	$154.0M	$116.0M	$121.0M	$139.0M	$129.0M
Total liabilities	$214.0M	$221.0M	$203.0M	$219.0M	$223.0M	$286.0M	$263.0M	$247.0M	$197.0M	$231.0M	$250.0M	$220.0M
Shareholders' equity
Retained earnings (deficit)	−$5.67B	−$5.40B	−$5.17B	−$4.97B	−$4.77B	−$4.57B	−$4.36B	−$4.17B	−$3.96B	−$3.77B	−$3.61B	−$3.42B
Accumulated other comprehensive income	−$1.0M	—	$2.0M	$1.0M	—	—	$1.0M	$2.0M	−$1.0M	$1.0M	$1.0M	—
Total shareholders' equity	$1.95B	$1.96B	$2.14B	$2.29B	$1.99B	$1.78B	$1.88B	$2.02B	$1.72B	$1.86B	$1.99B	$2.13B
Key figures
Total debt	$82.0M	$79.0M	$84.0M	$107.0M	$111.0M	$115.0M	$121.0M	$124.0M	$113.0M	$118.0M	$122.0M	$125.0M
Net cash (debt)	$1.14B	$1.15B	$1.19B	$1.14B	$1.20B	$1.04B	$1.10B	$1.12B	$907.0M	$998.0M	$1.08B	$1.35B
Working capital	$1.14B	$1.14B	$1.21B	$1.20B	$1.26B	$1.07B	$1.15B	$1.18B	$962.0M	$1.03B	$1.11B	$1.39B
Tangible book value	$1.34B	$1.35B	$1.52B	$1.67B	$1.37B	$1.17B	$1.26B	$1.40B	$1.10B	$1.24B	$1.37B	$1.52B
Book value per share	$0.99	$1.01	$1.11	$1.21	$1.12	$1.02	$1.09	$1.22	$1.10	$1.21	$1.31	$1.49
Shares outstanding	1.98B	1.95B	1.94B	1.89B	1.78B	1.74B	1.72B	1.66B	1.55B	1.54B	1.52B	1.43B
Current ratio	11.38	9.49	11.86	15.29	16.96	9.54	11.94	13.71	12.88	10.38	10.96	16.29
Quick ratio	11.06	9.16	11.50	14.85	16.57	9.27	11.65	13.42	12.59	10.15	10.81	16.16
Debt / equity	0.04	0.04	0.04	0.05	0.06	0.06	0.06	0.06	0.07	0.06	0.06	0.06
Equity / assets	90.1%	89.9%	91.3%	91.3%	89.9%	86.2%	87.7%	89.1%	89.7%	88.9%	88.8%	90.7%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.

AUR financial position

At the end of fiscal 2025 (December 31, 2025), Aurora Innovation had total assets of $2.3 billion (up 9.6% from a year earlier), total liabilities of $203.0 million and shareholders' equity of $2.1 billion. It held $1.3 billion in cash and short-term investments against $157.0 million of debt, a net cash position of $1.1 billion. Its current ratio was 11.86. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $2.0 billion.

Related: AUR income statement, AUR cash flow statement, AUR key metrics. See the AUR stock overview for the latest quote and news.

AUR balance sheet FAQ

What are Aurora Innovation's total assets?

Aurora Innovation reported total assets of $2.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.1 billion a year earlier.

How much debt does Aurora Innovation have?

Aurora Innovation had $157.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.07.

How much cash does Aurora Innovation have?

Aurora Innovation held $1.3 billion in cash and short-term investments at the end of fiscal 2025; with $157.0 million of debt that is net cash of $1.1 billion.

What is Aurora Innovation's book value?

Aurora Innovation's shareholders' equity (book value) was $2.1 billion at the end of fiscal 2025, or $1.16 per share.

What is Aurora Innovation's current ratio?

Aurora Innovation had current assets of $1.3 billion and current liabilities of $111.0 million, a current ratio of 11.86 (it can cover its short-term obligations).

How much goodwill does Aurora Innovation have?

Aurora Innovation carried $617.0 million of goodwill and intangible assets, 26.3% of total assets, at the end of fiscal 2025.