Core Insights - Aurora has expanded its driverless route network by adding a 600-mile route from Fort Worth to El Paso, marking its second route for self-driving trucks [1][2] - The company has achieved a significant milestone by completing over 100,000 driverless miles on public roads with five self-driving trucks since launching its commercial service in May [2] - Aurora aims to expand its services to Phoenix by the end of the year, following its initial commercial service that began with a Dallas-to-Houston route [2][3] Route Expansion - The new Fort Worth-to-El Paso route is designed to be attractive to carriers, addressing staff shortages and the challenges of completing long hauls in a single day [4] - Key customers for the El Paso route include Hirschbach Motor Lines and Russell Transport [4] Technological Advancements - Aurora has introduced next-generation hardware, developed by Fabrinet, which is being integrated with Volvo VNL Autonomous trucks, offering improved durability and performance at half the overall cost [5] - The new lidar technology can detect objects from 1,000 meters away, doubling the detection range of the previous generation, and features enhanced sensor cleaning for better reliability in harsh weather [5] - The partnership with Volvo marks an industry-first collaboration aimed at creating scalable autonomous truck solutions, with plans for higher volume hardware production in collaboration with Aumovio set for 2027 [6]

Third Quarter 2025 Business Review October 28, 2025 1 © 2025 | AURORA PROPRIETARY Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, those statements around our ability to achieve certain milestones around, and realize ...

Financial Performance - In Q3 2025, Aurora generated $1 million in revenue, marking a 12% sequential increase from Q2 2025[46]. - Aurora's operating loss for Q3 2025 totaled $222 million, with R&D expenses at $138 million and SG&A at $28 million[47]. - The company reported a net loss of $201 million for the three months ended September 30, 2025, compared to a net loss of $208 million for the same period in 2024, showing a slight improvement of 3.4%[55]. - Research and development expenses for the nine months ended September 30, 2025, were $551 million, up from $470 million in the same period of 2024, representing an increase of 17.2%[55]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $(506) million, compared to $(463) million for the same period in 2024, reflecting a deterioration of 9.3%[60]. - The company anticipates cash use of $175 - $185 million in Q4 2025, reflecting strong fiscal discipline[48]. - The company’s cash flows from operating activities showed a net cash used of $435 million for the nine months ended September 30, 2025, compared to $469 million for the same period in 2024, indicating a decrease of 7.2%[57]. Assets and Equity - As of September 30, 2025, total assets increased to $2,510 million from $2,138 million as of December 31, 2024, reflecting a growth of approximately 17.4%[53]. - The company’s total stockholders' equity rose to $2,291 million as of September 30, 2025, compared to $1,875 million at the end of 2024, marking an increase of 22.2%[53]. - The company’s total current liabilities decreased to $84 million as of September 30, 2025, from $105 million at the end of 2024, a reduction of 20%[53]. Cash and Investments - The company ended Q3 2025 with $1.6 billion in cash and investments, providing liquidity to fund operations into the second half of 2027[49]. - Cash and cash equivalents decreased to $87 million as of September 30, 2025, from $211 million at the end of 2024, indicating a decline of 58.8%[53]. - Proceeds from the issuance of common stock amounted to $896 million for the nine months ended September 30, 2025, compared to $478 million for the same period in 2024, an increase of 87.5%[57]. Driverless Technology and Operations - The Aurora Driver surpassed 100,000 driverless miles on public roads, achieving 100% on-time performance and zero collisions attributed to the technology[4][20]. - Aurora is expanding driverless operations with new routes, including a 600-mile lane from Fort Worth to El Paso, and plans to extend to Phoenix, adding another 400 miles[5][12]. - The company is working on validating driverless operations in challenging weather conditions, including dust storms and heavy rain, with a software release planned for January 2026[17][18]. - A strategic partnership with McLeod Software aims to accelerate customer adoption of the Aurora Driver among mid-market customers[27]. - Aurora's collaboration with Volvo has led to the integration of the second generation commercial kit into Volvo's autonomous trucks, with production expected to begin in 2027[35][38]. - The company plans to launch its second generation commercial hardware kit in Q2 2026, which is expected to reduce hardware costs by over 50%[31][32]. Future Outlook - The company anticipates continued investment in research and development to enhance its driverless technology and expand its market presence, although specific financial projections were not provided[54].

Investor Presentation OCTOBER 2025 1 © 2025 | AURORA PROPRIETARY Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, those statements around our driverless operations and future financial and operating performance; our ...

Core Insights - Aurora Innovation, Inc. is recognized as one of the best mid-cap stocks to buy, with a current hold rating and a price target of $8 set by Evercore ISI [1] Financial Position - The company has maintained liquidity of $1.3 billion, which is projected to sustain operations until Q2 2027 [2] Strategic Vision - Aurora aims for a revenue target between $2 billion and $3 billion by 2028 and plans to transition to a driver-as-a-service model by 2027 through a phased approach [3] - The company has successfully surpassed 50,000 driverless miles between Dallas and Houston, showcasing its operational capabilities [2][3] Business Model - Aurora develops a self-driving platform applicable across various vehicle types and offers driverless trucking services [3]

Core Insights - Aurora Innovation, Inc. is highlighted as a self-driving technology company that has not made a profit in the last five years, losing hundreds of millions of dollars [1] - The stock trades at under $5, and the company is not recommended for investment due to its inability to generate profits [1] - There are other AI stocks considered to have greater upside potential and less downside risk compared to Aurora Innovation [1] Company Overview - Aurora Innovation develops autonomous driving technology through its Aurora Driver platform [1] - The company has been criticized for its financial performance, with a focus on its consistent losses over the years [1] Investment Perspective - The commentary suggests that investors should consider more promising AI stocks instead of Aurora Innovation, especially those benefiting from current economic trends [1]

Core Viewpoint - Aurora Innovation, Inc. is struggling to generate profits, leading to skepticism about its investment potential [1] Company Overview - Aurora Innovation, Inc. focuses on developing autonomous driving technology through its Aurora Driver platform, which combines hardware, software, and data systems for self-driving capabilities [1] Market Sentiment - Jim Cramer expressed caution regarding Aurora's stock, indicating that he cannot recommend stocks that are not making money, despite acknowledging the speculative nature of the stock [1] - Cramer noted that while Aurora's stock could potentially double due to market headlines, he still views it as too speculative for a strong recommendation [1] Investment Alternatives - The article suggests that there are other AI stocks with greater upside potential and less downside risk compared to Aurora Innovation [1] - A mention of a report on undervalued AI stocks that could benefit from current market trends, including tariffs and onshoring, is included as an alternative investment opportunity [1]

Group 1 - Aurora Innovation, Inc. (NASDAQ:AUR) has been recognized as one of the best-performing midcap tech stocks over the last three years [1] - Analysts from Morgan Stanley and Cantor Fitzgerald have reiterated a Buy rating on Aurora, with a price target of $12, while Canaccord Genuity's analyst set a more optimistic target of $15, indicating a potential upside of 191% from current levels [1][2] - The company specializes in developing autonomous driving systems for long-haul trucking and freight logistics, utilizing its proprietary Aurora Driver platform that integrates hardware, software, and machine learning for fully driverless operations [3]

Core Insights - Aurora Innovation, Inc. (NASDAQ:AUR) is recognized as one of the best small-cap EV stocks to buy according to analysts, with a positive outlook as it approaches its fiscal third quarter 2025 earnings date on October 28, 2025 [1] Analyst Ratings - Several analysts have recently expressed bullish sentiments on Aurora Innovation, with Andres Sheppard from Cantor Fitzgerald reiterating a Buy rating and a price target of $12 on September 15 [2] - Ravi Shanker from Morgan Stanley also reiterated a Buy rating with the same price target of $12 on October 6 [2] Company Overview - Aurora Innovation, Inc. develops a self-driving platform that is compatible with various vehicle types and also provides driverless trucking services through the same platform [3]

Core Insights - Tradr ETFs has launched five new single stock leveraged ETFs aimed at providing 200% long exposure on specific underlying stocks, marking a significant expansion in their product offerings [1][2] - The new ETFs cover diverse industries including cybersecurity, autonomous driving, and mobility services, catering to sophisticated investors and professional traders [2] Company Overview - Tradr ETFs is recognized for its innovative approach, having been the first issuer to launch leveraged ETFs on single stocks in 2022, starting with TSLQ for Tesla and NVDS for Nvidia [2] - The firm now offers a total of 39 leveraged ETFs with over $1.7 billion in assets under management, accessible through most brokerage platforms [2] Product Details - The newly launched ETFs include Tradr 2X Long AUR Daily ETF tracking Aurora Innovation, Tradr 2X Long CELH Daily ETF tracking Celsius Holdings, Tradr 2X Long LYFT Daily ETF tracking Lyft, Tradr 2X Long NET Daily ETF tracking Cloudflare, and Tradr 2X Long OKTA Daily ETF tracking Okta [9] - These ETFs are designed to provide traders with the ability to express market views with precision and efficiency, avoiding the complexities of margin and options trading [2][4]