Aeva Technologies, Inc. (AEVA) Income Statement
AEVA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAEVA revenue and net income
Where AEVA's revenue goes
2025Each bar shows an amount and its share of revenue. AEVA kept −804.4% of revenue as net income.
AEVA profit margins
AEVA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +99.4% | +62.8% | +30.1% | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AEVA quarterly EPS vs estimates
Aeva Technologies beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.58).
AEVA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.1M | $9.1M | $4.3M | $4.2M | $9.3M | $4.8M | $1.4M | $135,000 |
| Cost of revenue | $18.7M | $12.9M | $10.2M | $8.4M | $5.8M | $2.7M | $815,000 | $57,000 |
| Gross profit | −$660,000 | −$3.8M | −$5.9M | −$4.3M | $3.4M | $2.1M | $569,000 | $78,000 |
| Research & development | $85.4M | $102.7M | $102.5M | $109.6M | $74.8M | $20.5M | $15.4M | $8.4M |
| Sales, general & admin | $41.5M | $40.4M | $39.4M | $38.1M | $32.9M | $7.3M | $5.3M | $3.1M |
| Total operating expenses | $126.9M | $154.6M | $141.9M | $147.7M | $107.6M | $27.8M | $20.7M | $11.5M |
| Operating income | −$127.6M | −$158.4M | −$147.8M | −$152.0M | −$104.2M | −$25.7M | −$20.1M | −$11.4M |
| Interest income | $2.7M | $7.7M | $8.2M | $3.7M | $372,000 | $195,000 | $516,000 | — |
| Interest expense | — | — | — | $4.7M | $2.3M | $0 | $0 | $0 |
| Income before taxes | −$145.1M | −$152.1M | −$149.3M | −$147.3M | −$101.9M | −$25.6M | −$19.6M | −$11.2M |
| Income taxes | $308,000 | $171,000 | $7.6M | −$4.7M | −$372,000 | −$195,000 | −$516,000 | — |
| Net income | −$145.4M | −$152.3M | −$149.3M | −$147.3M | −$101.5M | −$25.6M | −$19.6M | −$11.2M |
| EBITDA | −$136.6M | −$137.9M | −$141.6M | −$141.2M | −$98.8M | −$24.9M | −$19.5M | −$10.9M |
| EPS (diluted) | −$1.94 | −$2.29 | −$2.13 | −$2.20 | −$1.75 | −$0.02 | $0.05 | — |
| Gross margin | −3.7% | −41.8% | −136.5% | −101.5% | 37.0% | 43.4% | 41.1% | 57.8% |
| Operating margin | −705.8% | −1,747.1% | −3,427.4% | −3,624.9% | −1,124.5% | −531.5% | −1,451.8% | −8,445.9% |
| Net margin | −804.4% | −1,679.7% | −3,463.2% | −3,514.0% | −1,095.6% | −528.0% | −1,415.8% | −8,272.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.1M | $6.3M | $5.6M | $3.6M | $5.5M | $3.4M | $2.7M | $2.2M | $2.0M | $2.1M | $1.6M | $810,000 |
| Cost of revenue | $3.9M | $4.3M | $4.3M | $3.1M | $8.2M | $3.1M | $3.5M | $3.0M | $2.9M | $3.5M | $2.5M | $2.5M |
| Gross profit | $2.2M | $1.9M | $1.3M | $430,000 | −$2.7M | $310,000 | −$829,000 | −$721,000 | −$848,000 | −$1.4M | −$872,000 | −$1.7M |
| Research & development | $29.8M | $22.8M | $18.9M | $22.2M | $22.8M | $21.6M | $24.3M | $27.1M | $26.2M | $25.0M | $26.2M | $23.8M |
| Sales, general & admin | $10.2M | $14.3M | $11.6M | $11.4M | $9.4M | $9.2M | $9.1M | $10.0M | $10.4M | $10.9M | $9.8M | $10.0M |
| Total operating expenses | $32.8M | $37.1M | $30.4M | $33.6M | $32.2M | $30.7M | $33.4M | $37.2M | $48.1M | $36.0M | $36.0M | $33.8M |
| Operating income | −$30.6M | −$35.1M | −$29.1M | −$33.2M | −$34.9M | −$30.4M | −$34.2M | −$37.9M | −$48.9M | −$37.3M | −$36.8M | −$35.5M |
| Interest income | $893,000 | $877,000 | $727,000 | $385,000 | $619,000 | $1.0M | $1.4M | $1.8M | $2.1M | $2.5M | $2.4M | $2.2M |
| Interest expense | $1.2M | $1.2M | — | — | $0 | $0 | — | — | — | — | — | — |
| Income before taxes | −$79.6M | −$34.9M | −$25.2M | $107.6M | −$192.7M | −$34.8M | −$36.1M | −$37.4M | −$43.3M | −$35.3M | −$45.0M | −$33.2M |
| Income taxes | $58,000 | $32,000 | $115,000 | $66,000 | $70,000 | $57,000 | $26,000 | $22,000 | $123,000 | $2.1M | $2.3M | $1.9M |
| Net income | −$79.6M | −$35.0M | −$25.3M | $107.5M | −$192.7M | −$34.9M | −$36.1M | −$37.4M | −$43.4M | −$35.3M | −$45.0M | −$33.2M |
| EBITDA | $19.9M | −$31.9M | −$23.4M | $109.7M | −$190.4M | −$32.5M | −$33.9M | −$35.1M | −$35.2M | −$33.1M | −$42.7M | −$31.4M |
| EPS (diluted) | −$0.54 | −$0.41 | −$0.49 | −$0.56 | −$0.44 | −$0.45 | −$0.61 | −$0.55 | −$0.57 | −$0.56 | −$0.18 | −$0.65 |
| Gross margin | 35.7% | 31.0% | 23.5% | 12.0% | −49.4% | 9.2% | −30.7% | −32.0% | −42.1% | −66.1% | −54.1% | −211.7% |
| Operating margin | −498.9% | −561.1% | −517.6% | −926.5% | −633.7% | −903.1% | −1,270.0% | −1,683.4% | −2,431.1% | −1,772.4% | −2,287.1% | −4,382.2% |
| Net margin | −1,297.7% | −558.6% | −450.3% | 3,003.5% | −3,497.4% | −1,035.2% | −1,340.7% | −1,662.0% | −2,156.7% | −1,676.6% | −2,791.2% | −4,103.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AEVA's financial statements (latest annual report filed March 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AEVA financial results
In fiscal year 2025 (ended December 31, 2025), Aeva Technologies reported revenue of $18.1 million, up 99.4% from the year before. It had a net loss of $145.4 million, a net profit margin of −804.4%. Diluted earnings per share came to −$1.94. Over five years revenue grew at an average rate of 30.1% a year.
See the AEVA stock overview for the latest quote and news, or the AEVA chart for price history and technical indicators.
AEVA income statement FAQ
What is Aeva Technologies's annual revenue?
Aeva Technologies reported total revenue of $18.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 99.4% from $9.1 million the previous year.
Is Aeva Technologies profitable?
No. Aeva Technologies reported a net loss of $145.4 million in fiscal 2025, a net profit margin of −804.4%; its operating margin was −705.8%.
What is Aeva Technologies's gross margin?
Aeva Technologies's gross margin was −3.7% in fiscal 2025: for every $100 of revenue, Aeva Technologies kept $-4 after the direct cost of its products and services.
How much does Aeva Technologies spend on research and development?
Aeva Technologies spent $85.4 million on research and development in fiscal 2025, 472.5% of revenue.
How fast is Aeva Technologies growing?
Revenue grew 30.1% a year on average over the last five fiscal years, from $4.8 million to $18.1 million.
What are Aeva Technologies's earnings per share?
Aeva Technologies earned $-1.94 per diluted share in fiscal 2025, compared with $-2.29 a year earlier.
When will Aeva Technologies report its next earnings?
Aeva Technologies is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Aeva Technologies's fiscal year end?
Aeva Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 20, 2026.