Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o 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 001-40216 ____________________________ Aurora Innovation, Inc. (Exact name of registrant as specif ...

Business Overview - Aurora closed the Dallas to Houston Safety Case, achieving 100% Autonomy Readiness Measure (ARM)[8] - Prior to launch, Aurora exceeded its 100% Autonomy Performance Indicator (API) loads Commercial Launch target[9] - Aurora began driverless commercial deliveries for Uber Freight and Hirschbach between Dallas and Houston[12, 15] Technology and Expansion - Aurora is expanding its product capabilities to include validated night driving and operation in adverse weather conditions[22] - Aurora is beginning its lane expansion strategy with driverless operations on the Fort Worth to El Paso lane, with further extension to Phoenix[22] - The lane between Fort Worth and Phoenix spans over 1,000 miles[23, 26] Performance Metrics - Aurora's Autonomy Performance Indicator (API) has increased from 61% in 1Q23 to 95% in 1Q25[10] - Cumulatively, Aurora has autonomously delivered over 11,000 commercial loads[28] - Aurora has autonomously driven over 3 million miles[29] - Aurora achieved nearly 100% on-time delivery rate (Aurora-controlled rate)[30] Financial Status - As of March 31, 2025, Aurora has $1,159 million in cash and cash equivalents, and short-term investments[33] - For the quarter ended March 31, 2025, Research and development expenses were $182 million, and Selling, general and administrative expenses were $29 million[33] - Total operating expenses for the quarter ended March 31, 2025, were $211 million[33] - Net cash used in operating activities for the quarter ended March 31, 2025, was $142 million, and capital expenditures were $8 million[33]

Exhibit 99.1 ca 00 MAY 8, 2025 A letter to shareholders After years of uncompromising commitment to safety, rigorous engineering, and disciplined execution, driverless trucks are on the road, operating commercially. Autonomous freight is no longer just a vision. It's a reality and it's powered by the Aurora Driver. This milestone is just the starting point for an incredible commercial journey. We have shown the technology is real. Our focus now turns to proving the promise of the technology, increasing the ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The information contained herein is for informational purposes only. Nothing in this article should b ...

I recommended a buy rating for Aurora Innovation (NASDAQ: AUR ) when I wrote about it on 22nd Feb 2024, as I liked the progress that AUR has made so far, and if it continuesI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a ...

Financial Performance - Aurora Innovation reported a net loss of $748 million for the twelve months ended December 31, 2024, a decrease of 6% from a net loss of $796 million in 2023[293]. - Net cash used in operating activities increased to $611 million in 2024 from $598 million in 2023, primarily due to advanced payments for hardware materials[308]. - The company reported a basic and diluted net loss per share of $0.46 in 2024, compared to $0.60 in 2023, showing an improvement of 23.3%[353]. - The net loss for the twelve months ended December 31, 2024, was $748 million, compared to $796 million in 2023 and $1,723 million in 2022, indicating a reduction in losses[440]. Operating Expenses - Total operating expenses decreased by 6% to $786 million in 2024 from $835 million in 2023, driven by reductions in research and development and selling, general, and administrative expenses[293]. - Research and development expenses decreased by $40 million, or 6%, to $676 million in 2024, primarily due to lower non-cash stock-based compensation and hardware costs[294]. - Selling, general and administrative expenses decreased by $9 million, or 8%, to $110 million in 2024, mainly due to lower insurance and administrative costs[295]. - Total operating expenses decreased to $786 million in 2024 from $835 million in 2023, a decline of 5.9%[353]. Cash and Investments - As of December 31, 2024, the company had $211 million in cash and cash equivalents and $1,012 million in short-term investments, excluding restricted cash[305]. - Cash and cash equivalents at the end of the period were $227 million, down from $518 million in 2023, a decrease of 56.2%[359]. - The company’s total short-term and long-term investments increased to $1,012 million as of December 31, 2024, up from $847 million as of December 31, 2023[393]. Financing Activities - The company completed a public offering of approximately 134 million shares at $3.60 per share, raising $466 million in net proceeds on August 2, 2024[291]. - Net cash provided by financing activities decreased by $339 million to $492 million for the twelve months ended December 31, 2024, from $831 million for the twelve months ended December 31, 2023[312]. - Net cash provided by financing activities increased by $820 million to $831 million for the twelve months ended December 31, 2023, from $11 million for the twelve months ended December 31, 2022[313]. Goodwill and Impairments - The Company recognized a $1,114 million goodwill impairment during the twelve months ended December 31, 2022[320]. - The carrying value of goodwill was $0 as of December 31, 2024, and December 31, 2023[320]. - The company recognized a goodwill impairment loss of $1,114 million during the twelve months ended December 31, 2022, due to a significant decline in market capitalization[391]. Revenue and Collaboration - The company has not recognized any collaboration revenue in 2024, compared to $68 million in 2023[353]. - The company received $0 million in collaboration revenue from Toyota for the twelve months ended December 31, 2024 and 2023, compared to $100 million in 2022[394]. Assets and Liabilities - Total current assets increased to $1,254 million in 2024 from $1,217 million in 2023, representing a growth of 3.0%[350]. - Total liabilities increased to $263 million in 2024 from $250 million in 2023, an increase of 5.2%[350]. - Stockholders' equity decreased to $1,875 million in 2024 from $1,985 million in 2023, a decline of 5.5%[350]. Future Commitments and Plans - The company plans to launch the Aurora Driver for Freight as its first commercial service, targeting the driverless trucking market[290]. - Aurora expects to adopt a Driver as a Service (DaaS) model, allowing customers to manage fleets while subscribing to the Aurora Driver[289]. - The Company has non-cancelable future minimum payments for cloud hosting services amounting to $64 million for 2025 and $38 million for 2026[315]. - The company expects to continue incurring operating losses and may need to raise additional capital to support the development of the Aurora Driver[385]. Stock-Based Compensation - Total stock-based compensation expense for 2024 was $144 million, down from $160 million in 2023[410]. - RSUs granted in 2024 totaled 41 million, with a weighted average grant date fair value of $2.56[406]. - The unrecognized stock-based compensation related to unvested RSUs was $181 million, to be recognized over a weighted average period of 2.3 years[406]. - Stock options granted in 2024 amounted to 41 million, with a weighted average grant date fair value of $1.41[408]. - The intrinsic value of stock options exercised was $62 million for the twelve months ended December 31, 2024[409]. Tax and Regulatory Matters - Federal net operating losses were $2,029 million and state net operating losses were $2,715 million as of December 31, 2024, with expiration beginning in 2036 and 2029, respectively[429]. - The deferred tax assets, net of valuation allowance, increased to $97 million as of December 31, 2024, from $72 million in 2023[429]. - The valuation allowance for deferred tax assets increased to $1,037 million as of December 31, 2024, from $726 million in 2023[431]. - Federal research and development credits were $174 million as of December 31, 2024, set to expire in 2037[430]. Legal and Contingency Matters - Legal fees and other costs associated with claims are expensed as incurred, with no material losses recorded in the twelve months ended December 31, 2024, 2023, and 2022[314]. - The Company assesses the need to record a liability for litigation and other loss contingencies, with reserve estimates recorded if a loss is both probable and reasonably estimable[314]. - The company did not record any material loss contingencies for the twelve months ended December 31, 2024[436].

On Wednesday autonomous truck developer Aurora Innovation (AUR 46.05%) reported a dog of a fourth quarter on paper, with no revenue and a net loss approaching $200 million. Yet its stock rocketed well higher, rising by 30% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. Here's why that happened.Early stage, early hopesSince Aurora is still a development-stage company, it's safe to say that few investors or analysts were shocked with that bottom-line def ...

Self-driving trucking start-up Aurora Innovation (AUR 32.87%) used its year-end financial result announcement to provide an exciting update about its commercial rollout. Investors are excited about what's to come and sent Aurora shares up 30% as of 10:45 a.m. ET.Is revenue right around the corner?Aurora is an under-the-radar autonomous-driving company focused on the commercial trucking business. It's still in the development stage, so investors weren't surprised to see the company report a $0.46 per-share l ...

Aurora Innovation, Inc. (NASDAQ:AUR) Q4 2024 Earnings Conference Call February 12, 2024 5:00 PM ET Company Participants Stacy Feit - Vice President, Investor Relations Chris Urmson - Co-Founder and Chief Executive Officer David Maday - Chief Financial Officer Conference Call Participants George Gianarikas - Canaccord Genuity Andres Sheppard - Cantor Fitzgerald Scott Group - Wolfe Research Jeffrey Osborne - TD Cowen Mark Delaney - Goldman Sachs Justine Weiss - AB Bernstein Operator Greetings and welcome to t ...

© 2025 | Aurora Proprietary 1 Investor Presentation February 2025 Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. The words "believe,ˮ "may,ˮ "will,ˮ "estimate,ˮ "continue,ˮ "anticipate,ˮ "expect,ˮ "would,ˮ "project,ˮ "plan,ˮ "potentially,ˮ "illustrative,ˮ "indicative,ˮ and similar expressions and variations thereof are intended to identify forward-looking statements, but are not the ex ...