When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

Aeva Technologies, Inc. ( AEVA ) is a LiDAR startup company that was founded by several ex-Apple engineers. In contrast to other LiDAR suppliers that provide standard 3D Time of Flight LiDARs, Aeva provides a Frequency Modulated Continuous Wave (FMCW) 4D LiDAR solution, whichOperating from the manufacturing heart of Asia, The Straits Strategist aims to provide a distinct, on the ground perspective on the hardware and technology sectors. Particularly, The Straits Strategist aims to provide coverage over comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39204 AEVA TECHNOLOGIES, INC. (Exact name of Registrant as specified in its Charter) Delaware 84-3080757 (State or other jurisdiction ...

Key Takeaways AEVA introduces CityOS, an AI platform delivering real-time traffic insights to improve safety and flow.AEVA combines 4D LiDAR, Atlas Orion sensors, and NVIDIA AGX Orin for edge-based processing.AEVA's system works in all lighting, measures speed, and detects wrong-way driving and near-misses.Aeva Technologies (AEVA) has introduced CityOS, an AI-powered traffic platform designed to deliver real-time insights. Built on NVIDIA’s (NVDA) AGX Orin, the system aims to make intersections and roadways ...

Aeva Technologies, Inc. (AEVA) came out with a quarterly loss of $0.4 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to a loss of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +9.09%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $0.46, delivering a surprise of -2.22%.Over the last four quarters, the company has ...

Financial Data and Key Metrics Changes - Aeva achieved record revenue in 2025, with Q4 revenue at $5.6 million and full-year revenue at $18.1 million, reflecting a doubling of revenues compared to 2024 [22][23] - Non-GAAP operating loss for Q4 was $23.8 million and $102 million for the full year, with a 17% decline in full-year non-GAAP operating loss driven by a 12% reduction in operating expenses [23][24] - Total available liquidity at the end of 2025 was $246.9 million, consisting of $121.9 million in cash equivalents and marketable securities, and $125 million in an undrawn facility [24] Business Line Data and Key Metrics Changes - Aeva doubled its revenue in 2025, driven by increased sensor shipments and expanding applications, including significant contributions from customers like Daimler Truck and a top European passenger OEM [10][23] - The company successfully completed on-road validation of its Atlas B samples for Daimler Truck and is on schedule to deliver final C samples this year [8][19] Market Data and Key Metrics Changes - Aeva is expanding into the defense market, having secured its first defense win with Forterra, which is expected to contribute significantly to near-term product sales [15][40] - The company is also targeting the physical AI market, leveraging its partnership with LG Innotek to tap into this rapidly growing opportunity [9][44] Company Strategy and Development Direction - Aeva aims to solidify its leadership position in sensing and perception, targeting four or more commercial wins in 2026 across automotive and non-automotive applications [18][19] - The company plans to increase manufacturing capacity and expand into new applications, including precision sensing with its Eve sensors and the upcoming Omni product [17][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growing demand for Aeva's perception solutions, highlighting the importance of partnerships with industry leaders like NVIDIA and LG Innotek [5][10] - The company anticipates another major year in 2026, focusing on execution and supporting existing programs while maintaining financial discipline [20][27] Other Important Information - Aeva's partnership with LG Innotek includes an investment of up to $50 million to support joint product development and increase production capacity [9][24] - The company is positioned to benefit from the transition of OEMs from Time of Flight to FMCW technology, which is seen as critical for future-proofing their autonomous vehicle stacks [11][36] Q&A Session Summary Question: Can you discuss the NVIDIA relationship and its benefits? - Management highlighted that the collaboration with NVIDIA is a major validation for LiDAR technology, with potential for multiple OEMs to adopt Aeva's sensors through the DRIVE Hyperion platform [30][31] Question: Can you elaborate on the competitive dynamics with the top 5 passenger OEM? - Management noted that competition has consolidated, with fewer capable companies in the perception space, and emphasized the importance of transitioning to FMCW technology for future vehicle platforms [36][54] Question: What is the outlook for the defense market and Aeva's engagement there? - Management indicated that the defense market is growing significantly, with increasing interest in advanced sensing solutions like LiDAR, and Aeva is well-positioned to capture opportunities in this space [40][50] Question: How many of the targeted wins for this year are expected to be in the automotive space? - Management expects to split the targeted four wins evenly between automotive and non-automotive applications, with ongoing discussions across multiple sectors [59][62]

Financial Data and Key Metrics Changes - Aeva achieved record revenue in 2025, with Q4 revenue at $5.6 million and full-year revenue at $18.1 million, reflecting a doubling of revenues compared to 2024 [23][24] - Non-GAAP operating loss for Q4 was $23.8 million and $102 million for the full year, with a 17% decline in full-year non-GAAP operating loss driven by a 12% reduction in operating expenses [23][24] - Total available liquidity at the end of 2025 was $246.9 million, consisting of $121.9 million in cash equivalents and marketable securities, and $125 million in an undrawn facility [24] Business Line Data and Key Metrics Changes - Aeva doubled its revenue in 2025, driven by increased sensor shipments and expanding applications, including significant contributions from customers like Daimler Truck and a top European passenger OEM [10][23] - The company successfully completed on-road validation of its Atlas B samples for Daimler Truck and is on schedule to deliver final C samples this year [8][18] Market Data and Key Metrics Changes - Aeva is expanding into the defense market, with a first win with Forterra, a key provider of autonomous mission systems, indicating a growing pipeline in defense applications [15][39] - The company is also targeting the physical AI market, leveraging its partnership with LG Innotek to tap into this rapidly growing sector [9][44] Company Strategy and Development Direction - Aeva aims to solidify its leadership position in sensing and perception, targeting four or more commercial wins in 2026 across automotive and non-automotive applications [18][19] - The company plans to increase manufacturing capacity and expand into new applications, including industrial robotics and physical AI, with a focus on launching new products like Omni [19][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growing demand for Aeva's perception solutions, highlighting the importance of partnerships with industry leaders like NVIDIA and LG Innotek [5][10] - The company anticipates another major year in 2026, focusing on execution and supporting existing programs while maintaining financial discipline [20][27] Other Important Information - Aeva's partnership with LG Innotek includes an investment of up to $50 million to support joint product development and increase production capacity [9][24] - The company is positioned to capture a significant portion of the $80 billion market opportunity across various applications, including defense and industrial automation [15][26] Q&A Session Summary Question: Can you elaborate on the NVIDIA relationship? - Aeva's collaboration with NVIDIA is significant, involving a production program for an OEM and validating LiDAR technology, with potential for multiple OEMs to adopt Aeva's solutions [30][31] Question: What are the competitive dynamics with the top 5 passenger OEM? - Aeva's technology transition from Time-of-Flight to FMCW is a key driver for engagement with the top 5 OEM, with a focus on delivering differentiated performance [36][38] Question: What is the pipeline like in the defense market? - The defense market is growing, with Aeva's technology addressing key challenges in GPS-denied environments, leading to increased interest and traction from defense customers [39][50] Question: How does LGI enable Aeva to tap into the physical AI market? - LGI is a key partner for Aeva in the physical AI market, providing credibility and resources to develop new products based on FMCW technology [44][46] Question: Are there any delays expected in existing programs due to OEM pullbacks? - Aeva sees opportunities arising from OEMs looking to future-proof their technology stacks, with a focus on transitioning to Level 3 automation [61][62]

Financial Data and Key Metrics Changes - Aeva achieved record revenue in Q4 2025 of $5.6 million and $18.1 million for the full year, reflecting a doubling of revenues compared to 2024 [22] - Non-GAAP operating loss was $23.8 million in Q4 and $102 million for the full year, with a 17% decline in the full year loss driven by a 12% reduction in operating expenses [22] - Total available liquidity at the end of 2025 was $246.9 million, consisting of $121.9 million in cash equivalents and marketable securities, and $125 million in an undrawn facility [23] Business Line Data and Key Metrics Changes - Aeva doubled its revenue in 2025, driven by increased sensor shipments and expanding applications, including NRE revenues from customers like Daimler Truck and a top European passenger OEM [9][22] - Shipments of Aeva's Eve precision sensors began in late 2025, with plans to ramp up production in 2026 [8] Market Data and Key Metrics Changes - Aeva is positioned to capture a growing market opportunity exceeding $80 billion across various applications, including automotive, industrial automation, and defense [14] - The defense market is identified as a significant growth area, with Aeva's technology being selected by Forterra for autonomous vehicle systems [15][37] Company Strategy and Development Direction - Aeva aims to solidify its leadership position in sensing and perception, targeting four or more commercial wins in 2026 across automotive and non-automotive applications [19][24] - The company is focused on increasing manufacturing capacity and expanding into new applications, including physical AI and robotics, through strategic partnerships like the one with LG Innotek [8][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growing demand for Aeva's perception solutions, particularly in the automotive sector, and highlighted the importance of partnerships with industry leaders like NVIDIA [5][12] - The company anticipates continued revenue growth in 2026, targeting $30 million to $36 million, representing a 70%-100% year-over-year increase [24] Other Important Information - Aeva's partnership with LG Innotek includes a $50 million investment to support joint product development and production capacity [8] - The company successfully completed on-road validation of its Atlas B samples with Daimler Truck and is on schedule to deliver final C samples [7] Q&A Session Summary Question: Can you elaborate on the NVIDIA relationship? - Aeva's collaboration with NVIDIA is significant, involving the deployment of Atlas Ultra and integration into the DRIVE Hyperion platform, which could lead to multiple OEM partnerships [28][30] Question: What are the competitive dynamics with the top five passenger OEM? - Aeva is well-positioned due to its transition from Time of Flight to FMCW technology, which is seen as essential for future-proofing AV stacks [34][36] Question: How robust is the pipeline in the defense space? - The defense market is growing, with Aeva's technology addressing key challenges in GPS-denied environments, leading to increased interest from various defense customers [37][48] Question: Will LG Innotek enable Aeva to tap into the global physical AI opportunity? - LG Innotek is a key partner for Aeva in expanding into the physical AI market, leveraging their scale and resources for new product development [41][43] Question: Why is there increasing interest from defense customers now? - The growth in defense budgets and the need for advanced AI-based solutions are driving interest in Aeva's technology, which offers advantages in dynamic environments [46][48]

Fourth Quarter and Full Year 2025 Results © 2026 Aeva, Inc. Legal Disclaimer Forward-looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These fo ...

Exhibit 99.1 Aeva Reports Fourth Quarter and Full Year 2025 Results 2026 Financial Outlook • Revenue in the range of $30 million to $36 million, representing growth of approximately 70% to 100% year-over-year Awarded Major Global Production Contract from Top 10 Passenger OEM Selected by Top 5 Passenger OEM for Global Vehicle Development Program Nvidia Selected Aeva as Reference LiDAR Sensor for DRIVE Hyperion Platform Doubled Revenue in 2025 Driven by Scaling Volume and New Markets Expansion MOUNTAIN VIEW, ...